Franchise

New McDonald's Lawsuit Could Redefine Franchising as We Know It
Franchise

New McDonald's Lawsuit Could Redefine Franchising as We Know It

A worker group is filing charges against franchisees and McDonald's as a joint employer, setting a precedent that could have broad ripple effects.
Kate Taylor
Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings
Yum Brands

Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings

Sales at KFC and Taco Bell boosted Yum Brands to a solid second quarter, while Pizza Hut struggled to keep up.
Kate Taylor
Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising
Franchise Players

Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising

Ken Kuck explains how he and his wife became franchisees in the space.
Kate Taylor
Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son
Franchise Players

Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son

The owner-investor franchise model was the perfect fit for this family preparing for an uncertain future.
Kate Taylor
At Restaurants, Calorie Counts Shape Most Customers' Orders
Personal Health

At Restaurants, Calorie Counts Shape Most Customers' Orders

Calorie counts do matter – 57 percent of customers use menus' nutritional information when deciding what to order, according to a new CDC survey.
Kate Taylor
How These Brothers Took Over a Taco Franchise
Franchise Players

How These Brothers Took Over a Taco Franchise

When these four brothers took a liking to Chronic Tacos, they decided to go all in.
Kate Taylor
Franchise Players: A Temp Works Her Way to the Top
Franchise Players

Franchise Players: A Temp Works Her Way to the Top

When Renee Rodriquez started as a temp at Express Employment Professionals, she never expected she'd someday become a franchisee herself.
Kate Taylor
Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule
McDonald's

Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

In letting McDonald's biggest franchisee open up shops in Puerto Rico, local franchisees say the fast-food giant violated FTC rules.
Kate Taylor
Franchise Players: How I Bought an Embroidery Franchise at 21
Franchise Players

Franchise Players: How I Bought an Embroidery Franchise at 21

Maria Emma's key to running a successful business at age 21: having the support of a franchise team.
Kate Taylor
Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant
Franchise

Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

This Culver's franchisee says that continuing to pay employees as his restaurant was being rebuilt was not only the right thing to do, but a smart business move.
Kate Taylor
Franchise Players: My 5 Tips for Potential Franchisees
Franchise Players

Franchise Players: My 5 Tips for Potential Franchisees

From travel agent to CruiseOne franchisee, Michael Ramdial is dedicated to making vacation dreams a reality.
Kate Taylor
Franchise Players: A Former Banker Escapes Monotony Through Franchising
Franchise Players

Franchise Players: A Former Banker Escapes Monotony Through Franchising

While Steve Betts felt trapped working at a bank, franchising allowed him to find freedom in entrepreneurship.
Kate Taylor
Papa John's Founder on What Makes an Outstanding Franchisee
National Small Business Week

Papa John's Founder on What Makes an Outstanding Franchisee

John Schnatter started what is now a billion-dollar pizza franchise in a broom closet. Now, there are 4,500 Papa John's restaurants located across the globe.
Catherine Clifford
Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store
Franchise Players

Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store

In just a few months, these boutique franchisees' business was far too big for a basement.
Kate Taylor
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.  

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