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Franchise 500

#3 on the Franchise 500: Sonic Drive-In Looks to the Future

The #3 company on our Franchise 500 list may be built on the idea of nostalgia, but a new wave of tech-focused initiatives is laying a strong foundation for years to come.
Franchise 500

#4 on the Franchise 500: Why Taco Bell Has Its Sights Set On Your City

The #4 company on our Franchise 500 list knows that to grow its customer base, it must go where customers are: metropolitan communities.
Franchise 500

#5 on the Franchise 500: The UPS Store Gets a Consumer-Friendly Makeover

The #5 company on our Franchise 500 list fights off old-age with constant reinvention.
Franchise 500

#6 on the Franchise 500: Culver's Succeeds By Investing In Managers

At the #6 company on our Franchise 500 list, a mentorship program focuses on turning store managers into franchisees -- and it's fueling growth.
Franchise 500

#7 on the Franchise 500: Planet Fitness Plans to Dominate the Fitness World

The #7 company on our Franchise 500 list has learned exactly what its customers want -- and how to deliver.
Franchise 500

#8 on the Franchise 500: Great Clips Reinvents the Haircut Experience

The #8 company on our Franchise 500 list has an app that's been downloaded more than 10 million times, tracking customer appointments, history, and preferences.
Franchise 500

#9 on the Franchise 500: Jersey Mike's Succeeds By Supporting Its Franchisees

The #9 company on our Franchise 500 list recommitted to franchisee training in 2018, conducting more than 1,000 classes and launching a new management platform.
Franchise 500

#10 on the Franchise 500: How 7-Eleven Plans to Double In Size In the U.S. By 2027

The #10 company on our Franchise 500 list had its fair share of challenges in 2018, but still has big goals for the future.
Franchise 500

To Make 1-800-Got-Junk A Success, Its Founder Had To Rethink Everything (Including Himself)

1-800-Got-Junk was a runaway success, so much so that founder Brian Scudamore didn't know how else to grow. So he considered: what other services do my customers need?
Franchise 500

Five Ways to Finance a Franchise

Franchisees share how they pulled together the cash to open their own franchise.

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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