Franchises

News and Articles About Franchises

5 Tech Franchises You Can Start Now for as Little as $25,000
Franchise

5 Tech Franchises You Can Start Now for as Little as $25,000

Tech has never been more popular. Here's how you can hop on the trend.
21 McDonald's Facts That May Surprise You
Fast Food

21 McDonald's Facts That May Surprise You

Did you know a chicken nugget once sold on eBay for $8,100?
Grace Reader
How Going to Jail Changed This Franchisor's Outlook -- And Helped Him Rake in $42 Million
Franchises

How Going to Jail Changed This Franchisor's Outlook -- And Helped Him Rake in $42 Million

Pat Swisher was a brash young franchise titan until a stretch in federal prison changed the way he thought about business.
300 Franchises You Can Start With Nearly Any Budget
Franchises

300 Franchises You Can Start With Nearly Any Budget

Be the boss for as little as $50,000.
Tracy Stapp Herold
3 Steps to Being a Successful Franchise Owner Under 30
Franchises

3 Steps to Being a Successful Franchise Owner Under 30

Opening a business (no matter your age) is tough, but becoming part of a franchise can give you the support you need for success.
Dustin Myers
Small-Business Owners Are Split on the Federal Minimum Wage Debate
Minimum Wage

Small-Business Owners Are Split on the Federal Minimum Wage Debate

Many business owners polled favor a higher minimum wage because it means customers with more money to spend.
Bob House
Immigrant Entrepreneurs Flock Franchising Opportunities
Buying a Franchise

Immigrant Entrepreneurs Flock Franchising Opportunities

New Americans are twice as likely as native-born Americans to start their own business. Franchising makes it simpler.
Jim Judy
5 House Cleaning Franchises You Can Buy Now to Turn a Tidy Profit
Franchises

5 House Cleaning Franchises You Can Buy Now to Turn a Tidy Profit

With spring cleaning in full swing, you can start your new business off with a bang by buying one of these home-cleaning franchises.
After a Brush With Shark Tank Fame, This Woman Closed Her Business for Her Dream Franchise
Franchises

After a Brush With Shark Tank Fame, This Woman Closed Her Business for Her Dream Franchise

A small-business owner took her original plan to Shark Tank before scrapping it and buying a franchise.
Lydia Belanger
Silicon Valley's' Kumail Nanjiani on Never Playing It Safe
Take It From The Pros

Silicon Valley's' Kumail Nanjiani on Never Playing It Safe

In its fourth season on HBO, the actor from the hit series 'Silicon Valley' talks about being okay with failure, his hatred for the phrase 'grilled to perfection' and four business ideas for founders.
Dan Bova

Franchising is a 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 withToyota, 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 of which have gone international -- such as McDonald's, Subway and Pizza Hut. Starbucks, which is commonly thought to be a franchise, is not.

For more information about top franchise businesses, check out Entrepreneur's 2016 Franchise 500® Rankings, or get the Entrepreneur Franchise 500.

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