More From This Topic

Ready for Anything

How This Man Became Auntie Anne's Pretzel King in the Philippines

Six years ago, Mikkel Paris became the pretzel brand's master franchisee in his home country.
McDonald's

The Great Grandson of the Big Mac's Creator Becomes McDonald's First 4th-Generation Franchisee

How Nick Delligatti worked his way from crew person to owner-operator.
Franchise 500

The Top 10 Franchises You Can Buy for Less Than $100,000

These 10 franchises can cost less than six figures, and they all rank in the top 40 of our Franchise 500.
Franchise 500

It's National Hot Dog Day! Here Are Our Top 3 Hot Dog Franchises.

If you really, really love hot dogs, then odds are you'll really, really love these franchises.
Franchises

The Top 200 Franchises Operating Around the World

Franchising in more than one country comes with its own unique set of challenges, but there is also the potential for a lot more upside.
Chipotle

Chipotle Isn't Franchising … Yet. Here's What You Can Do in the Meantime.

If you like the idea of franchising a Chipotle, we have some good news and some bad news.
Franchise

5 Steps You Need to Take Before You Buy a Franchise

Prepare now, so you won't be in a bind later.

Hurricane Maria Almost Destroyed This Entrepreneur's $300,000 Franchise Investment. Here's How She Moved Forward.

Post-hurricane, this Pita Pit franchisee in San Juan dealt with lack of food, gas, power and communication. Here's how she used a new mindset to move forward.
Project Grow

Why It Took Dunkin' Donuts 10 Years to Build the Perfect New Cup

The inside story of the struggle the donut chain had in phasing out its iconic, yet hazardous, styrofoam cup.
Real Entrepreneurs

Always Let Them See You Sweat, According to These Entrepreneurs

How the Perspire Sauna Studio guys are attacking the franchise world.

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.

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.