Franchise

News and Articles About Franchise

Pop Quiz: How Well Do You Know Ben & Jerry's?
Ice Cream

Pop Quiz: How Well Do You Know Ben & Jerry's?

From its legendary flavor graveyard to its iconic cow on its packaging, we want to test your Ben & Jerry's trivia for National Ice Cream month.
Grace Reader
5 Things to Consider Before You Open More Locations
Expansion

5 Things to Consider Before You Open More Locations

Once your first business succeeds, it's easy to get complacent. Ask yourself what you should do next.
Kyle Zagrodzky
Franchise of the Day: This Taco Shop Will Have You Feeling Warm and 'Fuzzy'
Franchise of the day

Franchise of the Day: This Taco Shop Will Have You Feeling Warm and 'Fuzzy'

After launching the restaurant in 2003, a father and son duo set out to make their Mexican-food concept a franchise.
Lindsay Friedman
Franchise of the Day: Hit a Grand Slam With This Franchise
Franchise of the day

Franchise of the Day: Hit a Grand Slam With This Franchise

This company helps folks get a snapshot of the big game.
Lindsay Friedman
How These Franchises are Getting a Second Chance
Make More Happen

How These Franchises are Getting a Second Chance

Customers loved these franchises once before. New owners are betting they will again.
Why You Should Make the Move to a Multi-Unit Franchise
Franchises

Why You Should Make the Move to a Multi-Unit Franchise

Make the jump from one franchise unit to a multi-unit empire.
Franchising Isn't Any Easier -- Or Harder -- Than Other Types of Business Ventures
Ready To Launch

Franchising Isn't Any Easier -- Or Harder -- Than Other Types of Business Ventures

People often think that opening a franchise means no extra marketing efforts and guaranteed success. Well, they're wrong.
Mike Wood
The Grewal Family Franchises Together and Thrives Together
Franchise Players

The Grewal Family Franchises Together and Thrives Together

Meet two generations of Subway franchisees, who can tell you what it's like to grow up in -- and then take on -- the family business.
Carly Okyle
Franchise of the Day: Make Sure Your Pup Has a Fun Friday, Too
Franchises

Franchise of the Day: Make Sure Your Pup Has a Fun Friday, Too

This dog-focused franchise will make sure of it.
Lindsay Friedman
Want to Help Others Save Money? Check Out These 10 Tax Franchises.
Franchises

Want to Help Others Save Money? Check Out These 10 Tax Franchises.

With just days left to file this year's taxes, you may want to call one of these franchises for help.
Lindsay Friedman
Franchise

A franchise is 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.