Franchises

Burger King Rivals Spark Hot Dog War on Twitter
Fast Food

Burger King Rivals Spark Hot Dog War on Twitter

Competitors have all come forward with special hot-dog deals and social-media mud-slinging efforts in the last week.
The Most Difficult Aspect of Franchising
Franchises

The Most Difficult Aspect of Franchising

Would you be able to turn down $40,000? You'll have to, if you want your franchise to succeed
Mark Siebert
Pennsylvania Woman Drops Corporate Career to Open an iDropped Repair Shop
Franchise Players

Pennsylvania Woman Drops Corporate Career to Open an iDropped Repair Shop

Dawn Heller was drawn to the iDropped franchise because of its quick turn-around time and her own background in technology and business.
Erin Schultz
NBA All-Star Ray Allen and Wife Are Opening an Organic Fast Food Restaurant
Franchise

NBA All-Star Ray Allen and Wife Are Opening an Organic Fast Food Restaurant

The establishment will be the first of its kind in the country.
Lindsay Friedman
This Franchisee Turned His After-School Job Into a Business
Franchise Players

This Franchisee Turned His After-School Job Into a Business

Amol Kohli has been working in the restaurant industry since he was 15. Now, as an adult, he's a restaurant franchisee. Here's how he climbed the ladder.
Carly Okyle
The Açaí Berry: Combining Powerhouse Nutrition with Powerhouse Business
Franchise Players

The Açaí Berry: Combining Powerhouse Nutrition with Powerhouse Business

Vitality Bowls franchisees David and Irene Tang brought to Indianapolis the açaí bowls they first fell in love with, in Maui.
Entrepreneur Staff
The 2 Key Sources of Prospective Franchisees You Haven't Considered
Franchises

The 2 Key Sources of Prospective Franchisees You Haven't Considered

If you're not tapping these networks, you're missing out on two important sources of people who may be interested in your franchise.
Mark Siebert
Arizona Couple Helps Hundreds Burn Calories at Their 7 Orangetheory Fitness Studios
Franchise Players

Arizona Couple Helps Hundreds Burn Calories at Their 7 Orangetheory Fitness Studios

Travis and Becky Renner have survived the struggles of being both married and business partners in their pursuit to bring a cutting-edge workout program to communities in Arizona and Kansas.
Erin Schultz
7 Business Feuds With More Beef Than Kanye vs. Taylor
Marketing Bootcamp

7 Business Feuds With More Beef Than Kanye vs. Taylor

When money is involved, all bets are off.
Lindsay Friedman
This Franchisee 'Fell in Love' With Her Product, and Minnesota Is Following Suit
Franchise Players

This Franchisee 'Fell in Love' With Her Product, and Minnesota Is Following Suit

Mary Bigler was a fan of Maui Wowi Hawaiian before she was a franchisee. Today, her enthusiasm has only grown.
Carly Okyle
Why NBA Players Might Soon Look Like Soccer Players
Marketing Bootcamp

Why NBA Players Might Soon Look Like Soccer Players

The league is considering letting marketers use players' jerseys for advertisements.
Lindsay Friedman
1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day
Franchises

1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

'Things do go wrong. It's how the company responds to those challenges that really makes a difference.'
Lindsay Friedman
This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park
Franchise Players

This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

Bill Papierniak was a minor league general manager in Richmond, Va. Today, the deals he's inking are with Cartridge World.
Entrepreneur Staff
Burger King Is Starting to Sell Hot Dogs
Franchises

Burger King Is Starting to Sell Hot Dogs

'It's so obvious,' says the company's head of North American operations. 'I don't know why we didn't do this before.'

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.