Franchises

How This NFL Wide Receiver Catches the Opportunities That Come His Way
Sports

How This NFL Wide Receiver Catches the Opportunities That Come His Way

Marvin Jones Jr., wide receiver for the Detroit Lions, shares the lessons he's learned about investing in his community.
David Meltzer | 1 min read
Why Franchises Are Funding Their Employees' Education

Why Franchises Are Funding Their Employees' Education

Here's a hint: It's really good for business.
Jon Marcus | 13 min read
The Hottest Franchise Categories of 2020

The Hottest Franchise Categories of 2020

Get to know 347 franchises in trend-topping industries that will continue to boom next year (and likely beyond).
Tracy Stapp Herold | 15+ min read
5 Things You Need to Know Before Investing in a Chick-fil-A Franchise

5 Things You Need to Know Before Investing in a Chick-fil-A Franchise

First of all, you shouldn't think of getting a Chick-fil-A franchise as "investing."
Matthew McCreary | 4 min read
How to Find the Best CRM for Your Franchise

How to Find the Best CRM for Your Franchise

Find the software that will keep you -- and your customers -- happy.
Hayden Field | 4 min read

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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.