Franchises

Some McDonald's Mozzarella Sticks Are Missing a Key Ingredient
Marketing Bootcamp

Some McDonald's Mozzarella Sticks Are Missing a Key Ingredient

Served without cheese, customers aren't 'McLovin it.
Lindsay Friedman
Why One Man Came Out of Retirement to Start a Custom T-Shirt Franchise
Franchisors

Why One Man Came Out of Retirement to Start a Custom T-Shirt Franchise

The most inventive franchises can have unexpected starts.
3 Key Ways to Train Your Franchisees
Franchises

3 Key Ways to Train Your Franchisees

A strong training program can ensure that your franchisees and their employees follow your methods and rules. Here's what you need to include.
Mark Siebert
Vape Lounge Owner Wants to Spark Cigarette Downturn
Franchise Players

Vape Lounge Owner Wants to Spark Cigarette Downturn

Georgia man says he hopes to see toxic habits go up in smoke at his new vape shop and lounge business.
Erin Schultz
Burger King Gets Burned in Twitter Duel With Wendy's
Franchises

Burger King Gets Burned in Twitter Duel With Wendy's

Wendy's and Burger King dueled over their competing $4 promotions.
Lindsay Friedman
How These Reluctant Franchisees Know They Made the Right Decision
Franchise Players

How These Reluctant Franchisees Know They Made the Right Decision

Steve Allison and his business partner weren't looking to franchise, but they went for it after Jiffy Lube International made a compelling case.
Carly Okyle
The Work Behind Fast-Growing Franchises
Franchises

The Work Behind Fast-Growing Franchises

Quick overexpansion is easy. But preparing for strong, lasting growth? That's harder.
The One Element Your Franchise Can't Afford to Ignore
Franchise

The One Element Your Franchise Can't Afford to Ignore

For most successful franchisors, quality control is at the heart of franchisee success. Find out what elements need to be top quality if you want to succeed.
Mark Siebert
With Chipotle Suffering, White Castle Launches 'Castle Clean' Website
Marketing Bootcamp

With Chipotle Suffering, White Castle Launches 'Castle Clean' Website

The fast-food franchise released a new website detailing health inspection results for its nearly 400 restaurants.
Lindsay Friedman
It Takes More Than Just An Average Joe to Be a Serial Entrepreneur
Franchise Players

It Takes More Than Just An Average Joe to Be a Serial Entrepreneur

Joe Chiarello has bought and sold 16 businesses. Today, he's settled down, at least for now, with Murphy Business & Financial Corporation.
Entrepreneur Staff
Franchise

The Legal Risks of Owning a Franchise

Find out what typical legal potholes you could run into as a franchisor, so you can better protect yourself and your company.
Mark Siebert
McDonald's French Fries Are Getting a Chocolatey Upgrade
Franchises

McDonald's French Fries Are Getting a Chocolatey Upgrade

For a limited time, McDonald's Japan plans to put a chocolate topping on its fries.
Lindsay Friedman
Invisible Fence Brand Sparked the Entrepreneur in This Pet Enthusiast
Franchise Players

Invisible Fence Brand Sparked the Entrepreneur in This Pet Enthusiast

After initially rejecting the family business, Justin Ward is now helping hundreds of pet owners as the head of the family franchise while juggling several other business ventures.
Erin Schultz

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.