Franchise

Chinese Police Detain Five in Expired Meat Investigation
Franchise

Chinese Police Detain Five in Expired Meat Investigation

Officials believe the American-owned food supplier in China purposefully sold expired chicken to chains including McDonald's, KFC and Starbucks.
Kate Taylor
Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee
Franchise Players

Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee

After 10 years in the Marines and a bout with leukemia, this franchisee decided she wanted to be an entrepreneur.
Kate Taylor
From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises
Franchise

From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises

These franchise founders are turning oddball menu offerings into serious business.
Geoff Weiss
Franchise Players

Franchise Players: Learning to Manage Entry-Level Employees

Devang and Chaitali Kothari didn't realize that the biggest challenge in franchising would be learning to be good managers.
Kate Taylor
Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship
Franchise Players

Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship

After taking a leap of faith 22 years ago, Susan and Dan Manwaring have opened 14 Batteries Plus Bulbs stores.
Kate Taylor
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
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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