Franchise

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 Fees: The Money Question That Can Make or Break Your Franchise
Franchises

Franchise Fees: The Money Question That Can Make or Break Your Franchise

The single most important aspect of your business plan are the fees you charge your franchisees. Discover how to charge enough on the initial fee and royalties to make money without scaring away potential franchisees.
Mark Siebert
How to Choose the Best Structure for Your Franchise Company
Franchises

How to Choose the Best Structure for Your Franchise Company

Learn the pros and cons of each franchise structures offers so you can pick the one that will work best for you.
Mark Siebert
Should You Open a Second Location Before You Franchise Your Business?
Franchises

Should You Open a Second Location Before You Franchise Your Business?

A franchising expert weighs in on the question.
Mark Siebert
The Acid Test: Will Franchising Your Business Be Profitable or Not?
Franchises

The Acid Test: Will Franchising Your Business Be Profitable or Not?

Don't jump into the franchising field until you've determined if both you and your franchisees can turn a profit.
Mark Siebert
Entrepreneur's Franchise Forecast
Franchises

Entrepreneur's Franchise Forecast

Our list of the top 10 trending categories for 2016.
Tracy Stapp Herold
Is Your Business Franchisable?
Franchises

Is Your Business Franchisable?

Before you decide to franchise your business, take a look at these factors that make a business a good candidate for cloning.
Mark Siebert
The 4 Disadvantages of Franchising
Franchises

The 4 Disadvantages of Franchising

Franchising isn't right for everyone. Take a look at our rundown of the drawbacks of franchising your business.
Mark Siebert
The 9 Advantages of Franchising
Franchises

The 9 Advantages of Franchising

Is franchising right for you? Get the skinny on the nine things franchising offers that may benefit your business.
Mark Siebert
Channel Your Inner Pioneer and Sign Up With an Emerging Franchise
Franchises

Channel Your Inner Pioneer and Sign Up With an Emerging Franchise

Even McDonald's started as a new brand. Entrepreneurs who get in on the ground floor of a growing chain can potentially reap great rewards.
David Nilssen
Meet the Franchisor Offering Manly Pedicures
Franchisors

Meet the Franchisor Offering Manly Pedicures

A clubhouse atmosphere sets a men's grooming salon apart.
The First Taco Bell Is Road Tripping to Headquarter Mothership
Taco Bell

The First Taco Bell Is Road Tripping to Headquarter Mothership

Escaping demolition and saved by love, the first Taco Bell will be making its way through a series of southern California cities before arriving at its new home.
Carolyn Sun
Old Spices Find a New Audience Through This Franchisor
Franchisors

Old Spices Find a New Audience Through This Franchisor

A world traveler brings home flavors to savor.
20 Franchises You Can Launch for Less Than $50,000
Franchise 500

20 Franchises You Can Launch for Less Than $50,000

Think you can't afford to be your own boss? Think again.
Entrepreneur Staff
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.