Franchises

What This Father-Son Duo Has Learned After More Than 20 Years in the Franchise Business
Franchise Players

What This Father-Son Duo Has Learned After More Than 20 Years in the Franchise Business

For 21 years, Dave and Jerry Kahn have adapted and thrived as PostNet franchisees.
Kate Taylor
How to Dissect What 'Programmatic' Means for Your Business
Digital Marketing

How to Dissect What 'Programmatic' Means for Your Business

Don't get sold a buzzword about this new marketing technology.
Kris Barton
The Importance of Teaming Up With a Franchise Coach
Franchise Players

The Importance of Teaming Up With a Franchise Coach

Kevin and Denise Brauer took time to examine their options before becoming Storm Guard Exterior Restoration franchisees.
Kate Taylor
10 Questions to Ask When Franchising Your Business
Franchising Your Business

10 Questions to Ask When Franchising Your Business

From startup costs to legal docs, to vetting franchisees, here's what you need to know before putting your brand in someone else's hands.
Kim Lachance Shandrow
A Franchisee Who Grew Up at a Mall Food Court
Franchise Players

A Franchisee Who Grew Up at a Mall Food Court

Mohammad Mansour worked summers at the Illinois mall. Today, he's the employer, giving back to his community in the form of jobs for youth.
Entrepreneur Staff
A Franchise That Sheds Light on the Entrepreneurial Experience
Franchise Players

A Franchise That Sheds Light on the Entrepreneurial Experience

Franchisee Juanita Tackett was always interested in sustainability. Now she's promoting that ideal and making money doing it.
Entrepreneur Staff
A Coffee Shop Franchise Where the Baristas Wear Almost Nothing Is Actually a Thing
Franchises

A Coffee Shop Franchise Where the Baristas Wear Almost Nothing Is Actually a Thing

Based in California, Bottoms Up Espresso is just beginning to franchise.
Kate Taylor
McDonald's Is Doing Something It Hasn't Done in 40 Years
McDonalds

McDonald's Is Doing Something It Hasn't Done in 40 Years

The fast food chain is slimming down.
My Unexpected Entrepreneurial Journey From Ecommerce to Carpet Cleaning
Franchise Players

My Unexpected Entrepreneurial Journey From Ecommerce to Carpet Cleaning

Restaurant franchises might be some of the best known in the industry, but that's not the only way to franchise.
Kate Taylor
More Than 200 Franchise Opportunities for Less Than $50,000
Franchise Opportunities

More Than 200 Franchise Opportunities for Less Than $50,000

Don't let cost prohibit you from owning a franchise. Check out these options.
Tracy Stapp Herold
How One Franchisee's Product Idea Ended Up in All Locations
New Ideas

How One Franchisee's Product Idea Ended Up in All Locations

Tropical Smoothie Cafe franchisee Brad Shellen proves that, in franchising, creativity counts.
Tracy Stapp Herold
Starbucks Is Shutting Down the Bakery Chain It Acquired Three Years Ago
Starbucks

Starbucks Is Shutting Down the Bakery Chain It Acquired Three Years Ago

La Boulange's pastries are staying on the menu, but its 23 locations are closing up shop.
Kate Taylor
Why This Financial Advisor Spent 3 Years Researching Before Signing His Franchise Agreement
Franchise Players

Why This Financial Advisor Spent 3 Years Researching Before Signing His Franchise Agreement

When looking for business opportunities for some of his clients, Allan Boomer found one for himself.
Kate Taylor

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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