Franchise

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
Is Franchising a Fit for You?
Franchises

Is Franchising a Fit for You?

Before taking the leap make sure you've thoroughly researched every nuance of this business model.
Brenton Hayden
5 Small Business Financing Trends to Watch
Ready To Launch

5 Small Business Financing Trends to Watch

Start up funding is available from more sources now than ever before, but let caution and number-crunching guide your financing decision.
David Nilssen
Former Athletes-Turned-Franchisees Share Insight Into What It takes to Run a Successful Business
Franchise

Former Athletes-Turned-Franchisees Share Insight Into What It takes to Run a Successful Business

Because of their business know-how, these former professional athletes have had success on and off the field.
Lindsay Friedman
NBA All-Star Ray Allen and Wife Are Opening an Organic Fast Food Restaurant
Franchise

NBA All-Star Ray Allen and Wife Are Opening an Organic Fast Food Restaurant

The establishment will be the first of its kind in the country.
Lindsay Friedman
How This Pizza Company Grew to Become a Bigger Slice of the Pie
Franchises

How This Pizza Company Grew to Become a Bigger Slice of the Pie

Marco's Pizza rises to the top of the pizza chain.
Tracy Stapp Herold
How Much Ongoing Support -- and What Kinds -- Should You Provide to Your Franchisees?
Franchise

How Much Ongoing Support -- and What Kinds -- Should You Provide to Your Franchisees?

Learn the type of support you should provide to help ensure your franchisees' success.
Mark Siebert
The One Element Your Franchise Can't Afford to Ignore
Franchise

The One Element Your Franchise Can't Afford to Ignore

For most successful franchisors, quality control is at the heart of franchisee success. Find out what elements need to be top quality if you want to succeed.
Mark Siebert
Franchise

The Legal Risks of Owning a Franchise

Find out what typical legal potholes you could run into as a franchisor, so you can better protect yourself and your company.
Mark Siebert
The 23 Items Your Franchise Disclosure Document Must Include
Franchise

The 23 Items Your Franchise Disclosure Document Must Include

Although an experienced franchise attorney can help you craft a complete document, as the franchisor, it helps to know what your document should outline.
Mark Siebert
Uncharted Territories: Understanding a Franchise's 'Territorial Rights'
Franchises

Uncharted Territories: Understanding a Franchise's 'Territorial Rights'

Should you grant exclusive territories or let every "every franchisee for himself" be your motto? These tips can help you decide.
Mark Siebert
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.