Franchises

New Bill Seeks to Ban Noncompete Clauses for Low-Wage Workers
Employees

New Bill Seeks to Ban Noncompete Clauses for Low-Wage Workers

The bill aims to stop companies like Jimmy John's from forcing workers making under $15 per hour to sign contracts with non-competition clauses.
Kate Taylor
What Coaching Little League Taught Me About Running a Franchise
Franchise Players

What Coaching Little League Taught Me About Running a Franchise

Mike Weyer first visited Buffalo Wings & Rings during a baseball tournament. Now, he's a franchisee himself.
Kate Taylor
How Au Bon Pain's Executive Chef Puts Her Line Cook Experience to Good Use
Tastemakers

How Au Bon Pain's Executive Chef Puts Her Line Cook Experience to Good Use

Hands on doesn't even begin to describe Katherine See's job.
Kate Taylor
Chipotle Is Testing a New Menu Item
Chipotle

Chipotle Is Testing a New Menu Item

The burrito chain may be getting ready to introduce a new product to its famously simple menu.
Kate Taylor
A Pro Baseball Player Teams Up With His Dad to Open a Hometown Franchise
Franchise Players

A Pro Baseball Player Teams Up With His Dad to Open a Hometown Franchise

Years after sharing meals with his father at Beef 'O' Brady's as a kid, Drew Smyly and his dad decided to take over the hometown location of the franchise.
Kate Taylor
This Globe-Trotting CEO Returned Home to Memphis to Open His First Franchise
Franchise Players

This Globe-Trotting CEO Returned Home to Memphis to Open His First Franchise

Today, Drayton Mayers is taking on his tech competitors in his hometown, and thriving.
Entrepreneur Staff
This Restaurant Chain Is Cutting Breakfast Hours Because of the National Egg Shortage
Breakfast

This Restaurant Chain Is Cutting Breakfast Hours Because of the National Egg Shortage

A Texan favorite is being forced to limit breakfast hours due to a lack of eggs.
Kate Taylor
Why Multi-Unit Franchise Ownership Is Now the Norm
Franchises

Why Multi-Unit Franchise Ownership Is Now the Norm

Once in the minority, multi-unit franchisees control more than 75 percent of franchised restaurants.
A Franchisee Who's Given Warm Welcomes for 10 Years
Franchise Players

A Franchisee Who's Given Warm Welcomes for 10 Years

For Our Town America's first franchisee Sondra Conk, that warm feeling of home never gets old.
Entrepreneur Staff
Soon, Google Will Allow You to Order Fast Food Simply by Smiling at the Cashier
Mobile Payments

Soon, Google Will Allow You to Order Fast Food Simply by Smiling at the Cashier

A preview of Hands Free payment will roll out in the San Francisco Bay area later this year.
Kate Taylor
Why Former Employees Make Great Franchisees
Franchise Players

Why Former Employees Make Great Franchisees

Brooke and Les Wilson went from employees at Two Men and a Truck to 'all-in' as franchisees.
Kate Taylor
After More Than a Year of Hurtful Headlines, McDonald's to Stop Reporting Monthly Sales
McDonalds

After More Than a Year of Hurtful Headlines, McDonald's to Stop Reporting Monthly Sales

The chain has decided to stop disclosing its sales figures as frequently.
Kate Taylor
Why These Newlyweds Opened the First Orangetheory Fitness in Manhattan
Franchise Players

Why These Newlyweds Opened the First Orangetheory Fitness in Manhattan

Five years after the concept's creation, Adam Krell and Jessica Kumari opened the fitness franchise's first location in Manhattan.
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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