Franchise

Just 35, She's Already Been a Principal in 3 Successful Fitness Franchises
Franchise Players

Just 35, She's Already Been a Principal in 3 Successful Fitness Franchises

Liberty Harper literally grew up in franchising, having started in the industry right out of high school.
Entrepreneur Staff
Will These Franchises From Down Under Come Out on Top in America?
Franchises

Will These Franchises From Down Under Come Out on Top in America?

Australians are franchise fanatics -- and their eyes are on U.S. expansion.
'Mother Knows Best' Inspired This Franchisee to Truly Listen to the Music
Franchise Players

'Mother Knows Best' Inspired This Franchisee to Truly Listen to the Music

Seeing the good things ballroom dance did for her mother's health, Andrea Bisconti decided to follow her example.
Entrepreneur Staff
These 2 Franchisee-Moms Aim to Fill the Gaps in STEM Education
Franchise Players

These 2 Franchisee-Moms Aim to Fill the Gaps in STEM Education

The new franchise Zaniac offers young scientists after-school activities like computer coding, 3D printing and robotics.
Entrepreneur Staff
What This Father-Son Duo Has Learned After More Than 20 Years in the Franchise Business
Franchise Players

What This Father-Son Duo Has Learned After More Than 20 Years in the Franchise Business

For 21 years, Dave and Jerry Kahn have adapted and thrived as PostNet franchisees.
Kate Taylor
10 Questions to Ask When Franchising Your Business
Franchising Your Business

10 Questions to Ask When Franchising Your Business

From startup costs to legal docs, to vetting franchisees, here's what you need to know before putting your brand in someone else's hands.
Kim Lachance Shandrow
A Coffee Shop Franchise Where the Baristas Wear Almost Nothing Is Actually a Thing
Franchises

A Coffee Shop Franchise Where the Baristas Wear Almost Nothing Is Actually a Thing

Based in California, Bottoms Up Espresso is just beginning to franchise.
Kate Taylor
Why Multi-Unit Franchise Ownership Is Now the Norm
Franchises

Why Multi-Unit Franchise Ownership Is Now the Norm

Once in the minority, multi-unit franchisees control more than 75 percent of franchised restaurants.
Meet the Man Who Started the First-Ever Property Management Franchise
Franchises

Meet the Man Who Started the First-Ever Property Management Franchise

Kirk McGary decided to leap into uncharted waters and franchise his company in 2005.
Tracy Stapp Herold
This Franchisee Went From Laid-Off Employee to Accomplished Business Leader
Franchise Players

This Franchisee Went From Laid-Off Employee to Accomplished Business Leader

Steve Rattner's job loss was a blessing in disguise, allowing him to tap into his entrepreneurial potential and find his true passion.
How This Franchisee Runs More Than 275 Restaurants
Franchise Players

How This Franchisee Runs More Than 275 Restaurants

Aslam Khan is still actively involved in running his Church's Chicken, Long John silvers and Hardees locations across the U.S.
Kate Taylor
The Hottest Franchise Categories of the Year
Franchises

The Hottest Franchise Categories of the Year

From child care to spa services, a look at the opportunities in the franchising world.
Tracy Stapp Herold
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.