Franchises

20 Facts You Probably Didn't Know About Taco Bell
Franchises

20 Facts You Probably Didn't Know About Taco Bell

Before tacos, the now popular chain served hot dogs and hamburgers.
Rose Leadem
Franchising 101 -- 4 Key Questions Before You Step into the Arena
Franchises

Franchising 101 -- 4 Key Questions Before You Step into the Arena

Franchising is a $2.3 trillion industry with ups and downs, just as any industry has. Are you ready to weigh them?
Jeffrey Hayzlett
10 Unexpected Things You Can Buy and Do at 7-Elevens Around the World
7-Eleven

10 Unexpected Things You Can Buy and Do at 7-Elevens Around the World

At certain locations, you can drop off your dry cleaning, pay your taxes or use a mashed potato vending machine.
Rose Leadem
Survey Shows Presidential Candidates Miss the Mark on Small-Business Issues
Presidential Elections

Survey Shows Presidential Candidates Miss the Mark on Small-Business Issues

Independent, unaffiliated entrepreneurs will decide who wins the small-business vote in November.
David Nilssen
What to Look for First When Shopping Franchises
Franchises

What to Look for First When Shopping Franchises

There is so much more to think about than just money.
Kyle Zagrodzky
An Animal Lover Finds the Perfect Franchise -- and Financial Security
Franchise 500

An Animal Lover Finds the Perfect Franchise -- and Financial Security

A new mom finds financial security and flexibility with a pet-care-services franchise.
Tracy Stapp Herold
Pop Quiz: How Well Do You Know Ben & Jerry's?
Ice Cream

Pop Quiz: How Well Do You Know Ben & Jerry's?

From its legendary flavor graveyard to its iconic cow on its packaging, we want to test your Ben & Jerry's trivia for National Ice Cream month.
Grace Reader
Why More Baby Boomers Are Looking to Franchise
Ready To Launch

Why More Baby Boomers Are Looking to Franchise

Twenty-two percent of boomers have less than $100,000 of retirement savings.
David Nilssen
Why This Auto Repair Franchise Expanded to Nigeria
Franchise 500

Why This Auto Repair Franchise Expanded to Nigeria

An automotive repair franchise takes the leap.
Tracy Stapp Herold
Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why
Franchises

Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why

Learn how Rob Steinfeld and Dean Hanson set up a franchise and joined the unexpected travel boom.
5 Things to Consider Before You Open More Locations
Expansion

5 Things to Consider Before You Open More Locations

Once your first business succeeds, it's easy to get complacent. Ask yourself what you should do next.
Kyle Zagrodzky
This Daiquiri Franchise Does One Simple Thing to Stand Apart
Franchises

This Daiquiri Franchise Does One Simple Thing to Stand Apart

Why this successful psychologist left for a future in the bar business.
A Modest Proposal to Franchisors
Franchisees

A Modest Proposal to Franchisors

People are continuing to buy into franchises without a clear understanding of the risks.
Dr. Gabriel Feldman

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.