Franchises

9 Success Habits of Wealthy People That Cost Nothing
Habits

9 Success Habits of Wealthy People That Cost Nothing

Money isn't everything but lack of money is a lame excuse for a lot things.
John Rampton
Arby's Bids Farewell to Its Favorite Hater, Jon Stewart, With an Ad Featuring His Insults
Arby's

Arby's Bids Farewell to Its Favorite Hater, Jon Stewart, With an Ad Featuring His Insults

The chain proved its brand savvy as it bid Stewart #JonVoyage.
Kate Taylor
Becoming a Company's First Non-Corporate Franchise Owner
Franchise Players

Becoming a Company's First Non-Corporate Franchise Owner

Here's how Jeffrey Schwartz was able to confidently become a franchise's first true franchisee.
Kate Taylor
Why This Company Could Reshape Franchise Funding
Franchises

Why This Company Could Reshape Franchise Funding

ApplePie Capital serves up a fresh financing model.
Two Men Accused of Using Taco Bell as a Meth Lab
Taco Bell

Two Men Accused of Using Taco Bell as a Meth Lab

Some off-menu items were allegedly being cooked up at this fast-food joint.
Kate Taylor
Your Franchisor Needs to Give You the Tools to Succeed
Franchise Players

Your Franchisor Needs to Give You the Tools to Succeed

Peter Castorena says that franchisor support was key to becoming a successful Minuteman Press franchisee.
Kate Taylor
Bringing a New Fitness Franchise to the Pacific Northwest
Franchise Players

Bringing a New Fitness Franchise to the Pacific Northwest

Rick Hascall knew that Workout Anytime would be a hit in Oregon and the surrounding area.
Kate Taylor
Brother-Franchisees Who Certainly 'Tasted' the Goods Before Committing
Franchise Players

Brother-Franchisees Who Certainly 'Tasted' the Goods Before Committing

Rahul and Rohit Arora worked at Blimpie restaurants as managers for 10 years before making the move to ownership.
Entrepreneur Staff
Meet the Renaissance Restaurant Man: Franchisee, Chef, COO
Tastemakers

Meet the Renaissance Restaurant Man: Franchisee, Chef, COO

Shaun Curtis has more than 15 years of experience at Buffalo's Café. So, when he tells you how to make the perfect chicken wing, you listen.
Kate Taylor
Bouncing Back From Failure, a Fitness Business Gets It Right
Franchisors

Bouncing Back From Failure, a Fitness Business Gets It Right

MaxOut Strength Systems went through a serious rough period.
These Franchisees Are on Fire, Not Ice, When It Comes to Philanthropy
Franchise Players

These Franchisees Are on Fire, Not Ice, When It Comes to Philanthropy

With proceeds from their Kona Ice franchise, Ted and Sandra Andrews of Ohio have raised $190,000 for children's and community organizations in Southeast Ohio.
Entrepreneur Staff
Yes, You Can Be Creative in Franchising
Franchises

Yes, You Can Be Creative in Franchising

A Detroit couple decided to take a different approach when they opened their art-instruction franchise. Last year, they were the chain's highest-grossing franchisees.
Tracy Stapp Herold
Why a Taco Bell in Chicago Is Hiring a Bouncer
Taco Bell

Why a Taco Bell in Chicago Is Hiring a Bouncer

The nation's first boozy Taco Bell is taking steps to prevent underage drinking and stop open containers being taken from the location.
Kate Taylor
A Franchise Choice That Began With a Heart-Stopping Incident in a Backyard Pool
Franchise Players

A Franchise Choice That Began With a Heart-Stopping Incident in a Backyard Pool

Howard Berkowitz was drawn to the British Swim School when his own son nearly drowned.
Entrepreneur Staff

Franchises are way for companies to expand their business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise’s logo, name and business model.  

There are three different kinds of franchises. They include:

  • Distributorships, such as with Toyota, which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company’s trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many which have gone international -- such as McDonald’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

For more information about top franchise businesses, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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