Franchises

As the Fro-Yo Bubble Deflates, Here is How Menchie's Chef Keeps Things Fresh
Tastemakers

As the Fro-Yo Bubble Deflates, Here is How Menchie's Chef Keeps Things Fresh

Frozen yogurt is no longer the hot trend it was five years ago -- but that just motivates Laura Baldwin to keep innovating.
Kate Taylor
Pizza Hut's Latest Mashup: Hot-Dog Pizza Crust
Pizza Hut

Pizza Hut's Latest Mashup: Hot-Dog Pizza Crust

Delicious mashup or weird mistake? You tell us.
Kate Taylor
Whole Foods Just Released the Name of Its New Millennial-Friendly Chain
Whole Foods

Whole Foods Just Released the Name of Its New Millennial-Friendly Chain

Here's what organic-loving bargain shoppers need to know about the new grocery concept.
Kate Taylor
From Childhood Friends to Franchised Business Partners
Franchise Players

From Childhood Friends to Franchised Business Partners

After decades of friendship, Seth McKennon and JoBen Barkey decided to open a franchise together.
Kate Taylor
6 Fast-Food Restaurants That Now Deliver (If You Live in a Certain Area)
Delivery

6 Fast-Food Restaurants That Now Deliver (If You Live in a Certain Area)

Your favorite chains are making it all too easy to get your fast-food (and fast-casual) fix.
Kate Taylor
What Being a Police Officer Taught Me About Being a Franchisee
Franchise Players

What Being a Police Officer Taught Me About Being a Franchisee

Joyce Mariner went from homicide detective to Expedia CruiseShipCenters franchisee. Here's how.
Kate Taylor
Obama's Ex-Press Secretary Is Now Working at McDonald's
McDonalds

Obama's Ex-Press Secretary Is Now Working at McDonald's

McDonald's wants to be seen as a 'modern, progressive burger company' with the help of Robert Gibbs.
Kate Taylor
Want to Be a Successful Franchisee? Learn How to Rebound From Failure.
Franchise Players

Want to Be a Successful Franchisee? Learn How to Rebound From Failure.

An athlete's ability to come back from failure has been a useful skill for Beau Reed as a Mosquito Joe franchisee.
Kate Taylor
From Wall Street to Main Street: This Franchisee Is Generating Profits in a Whole New Way
Franchise Players

From Wall Street to Main Street: This Franchisee Is Generating Profits in a Whole New Way

Robert Shingleton moved from a $2 billion arbitrage portfolio to ownership of 14 sub sandwich restaurants, and he hasn't looked back.
Entrepreneur Staff
Chipotle Extends Benefits to All Employees
Chipotle

Chipotle Extends Benefits to All Employees

Hourly workers will now receive full tuition reimbursements, sick pay and paid vacations.
Kate Taylor
How Franchising Took This Business Into New Waters
Franchises

How Franchising Took This Business Into New Waters

After 30 years, a savvy business owner switched tactics, and things are going along swimmingly.
A Franchisee Couple Who Wanted to Make 'a Strong Impact' on People's Daily Lives
Franchise Players

A Franchisee Couple Who Wanted to Make 'a Strong Impact' on People's Daily Lives

Meghan and Court Fable enjoy the staffing business despite the challenge of having "no hours." They're always open.
Entrepreneur Staff
Today Is National Doughnut Day. Here's Where to Get Deals.
Free Offers

Today Is National Doughnut Day. Here's Where to Get Deals.

The most wonderful day of the year for doughnut lovers is upon us. Where will you get your sweet treat?
Kate Taylor
The Secret to Hitting a Home Run in the Hospitality Franchise Business
Franchise Players

The Secret to Hitting a Home Run in the Hospitality Franchise Business

Franchisee Bill Hooks says he's learned that you coach restaurants, you don't really manage them.
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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