Franchise

The 5 Elements of a Successful Franchise
Franchises

The 5 Elements of a Successful Franchise

There is no one perfect franchise, but there are many that have elements that lay the groundwork for success.
Joel Libava
Turning a Mom-and-Pop Business into a Franchise That Serves 14 States
Franchise Players

Turning a Mom-and-Pop Business into a Franchise That Serves 14 States

In 9 years, Vincent Lee took a small janitorial business and turned it into a franchise that provides services for huge companies including Nike and FedEx.
Kate Taylor
You're Either an Entrepreneur or You're Not. There Is No In-Between.
Franchise Players

You're Either an Entrepreneur or You're Not. There Is No In-Between.

Shahid Hashmi is an entrepreneur through and through, as the franchisee of 40 Popeye's, two Burger Kings and one ZIPS Dry Cleaning.
Kate Taylor
How These Subway Owners Decided to Open a Teriyaki Madness Franchise
Franchise Players

How These Subway Owners Decided to Open a Teriyaki Madness Franchise

This husband and wife duo already own 16 Subway franchises. Now, they're expanding into the Asian grill market.
Kate Taylor
To Find the Right Franchise, Test Drive More Than One
Franchise Opportunities

To Find the Right Franchise, Test Drive More Than One

Selecting a franchise is an enormous decision. Take a look at several, and consider your own skills and goals, before choosing.
Rick Bisio
How I Protect the Environment as a Green Cleaning Franchisee
Franchise Players

How I Protect the Environment as a Green Cleaning Franchisee

For Lindsay Dellasega, EcoMaids is the perfect combination of sustainable living and entrepreneurship.
Kate Taylor
Why Business Ownership Is an Exercise in Personal Development
Franchise Players

Why Business Ownership Is an Exercise in Personal Development

This franchisee coaches others to follow in her entrepreneurial footsteps.
Kate Taylor
Oreo Biscuits Are the Latest Food Mashup
Mashup

Oreo Biscuits Are the Latest Food Mashup

Atlanta-based Church's Chicken is hopping onto the fast-food mashup bandwagon for the first time.
Kate Taylor
Franchise Owners: Tell Us Your Story
Franchise Players

Franchise Owners: Tell Us Your Story

Some of the best advice for those looking to buy a franchise comes from those who have done it themselves. Here's your chance to help.
Kate Taylor
Helping Cancer Survivors as a Spa Franchisee
Franchise Players

Helping Cancer Survivors as a Spa Franchisee

As a Hand & Stone spa franchisee, Julie Bulatovic spearheaded a program to provide oncology treatments to people with cancer and their families.
Kate Taylor
Will Tesla Have to Franchise?
Tesla

Will Tesla Have to Franchise?

Elon Musk has hinted that Tesla may be considering a departure from the direct sales model, something industry insiders consider inevitable.
Kate Taylor
This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop
Franchise Players

This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop

When Chad Ragland heard the restaurant's owners were selling their Wild Wing Cafe location, he knew he had to take action.
Kate Taylor
An Artist Opens Up Her Own Paint-and-Sip Franchise
Franchise Players

An Artist Opens Up Her Own Paint-and-Sip Franchise

Working as an artist instructor at a Pinot's Palette studio convinced Emma Harvey to establish her own location.
Kate Taylor
The Big Lessons I Learned From My First Entrepreneurial Job
Entrepreneurs

The Big Lessons I Learned From My First Entrepreneurial Job

A painting enterprise during college provides illuminating insights for a business leader.
Miles Jennings
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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