Franchises

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
4 Creative Ways to Use Live Streaming to Boost Your Company's Exposure
Streaming

4 Creative Ways to Use Live Streaming to Boost Your Company's Exposure

With Meerkat and Periscope the new social-media darlings, here are a few tips on how to use these platforms to gain an advantage over your competitors.
Kelsey Humphreys
Chipotle is Testing a New, Super-Simplified, All-Natural Tortilla
Chipotle

Chipotle is Testing a New, Super-Simplified, All-Natural Tortilla

The burrito chain's latest on its journey to an all-natural menu: the tortilla.
Kate Taylor
A List of Food Franchises and How Much They Cost
Franchises

A List of Food Franchises and How Much They Cost

Feeling hungry? Sink your teeth into these food companies that ranked in Entrepreneur's Franchise 500.
Tracy Stapp Herold
McDonald's Explores Canadian Flavors and Adds McLobster to the Menu
McDonalds

McDonald's Explores Canadian Flavors and Adds McLobster to the Menu

The treat is being sold for a limited time in select markets as part of the 'Great Canadian Taste Adventure' campaign.
Kate Taylor
Why I Founded an Ice Cream Franchise
Why I Franchised

Why I Founded an Ice Cream Franchise

Greg Sausaman, co-founder of Topper's Creamery, spills on the benefits of the ice cream business.
Kate Taylor
Nepotism Was Never an Issue for This Unishippers Franchisee
Franchise Players

Nepotism Was Never an Issue for This Unishippers Franchisee

Caleb Nelson started at 20 in the franchise business and worked his way up to success -- on his own steam.
Entrepreneur Staff
Can You Guess Which Chain Restaurants Have the Best Reputations?
Reputation Management

Can You Guess Which Chain Restaurants Have the Best Reputations?

Leading the pack is a popular fast-casual chain, according to a recent survey.
Kate Taylor
San Francisco's Law Targeting Sugary Sodas May Mean Trouble for Starbucks
Starbucks

San Francisco's Law Targeting Sugary Sodas May Mean Trouble for Starbucks

As the city contemplates a law that will require warnings on soda advertising, the Frappuccino comes under fire.
Kate Taylor
After a Fire, an Owner's Concern for His Employees Burns Bright
Franchisees

After a Fire, an Owner's Concern for His Employees Burns Bright

While his employees performed community services, the restaurant owner performed a charitable act of his own.
A Franchisee Committed to Helping Seniors Stay in Their Homes
Franchise Players

A Franchisee Committed to Helping Seniors Stay in Their Homes

With a Right at Home franchise, Laura Greenway-Balnar found the perfect application for her gerontology nursing expertise.
Entrepreneur Staff
How Wingstop Aims to Fly Above the Fast-Casual Competition After Its Surging IPO
IPO

How Wingstop Aims to Fly Above the Fast-Casual Competition After Its Surging IPO

The chicken wing chain saw its shares jump in its market debut Friday.
Kate Taylor
Father's Day at Golden Corral: A Franchisee Carries on His Dad's Tradition
Franchise Players

Father's Day at Golden Corral: A Franchisee Carries on His Dad's Tradition

Franchisee Billy Sewell not only runs restaurants, he raises money for the children of wounded, disabled and fallen military service members.
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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