Franchises

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
Radicals & Visionaries

A Modest Proposal to Franchisors

People are continuing to buy into franchises without a clear understanding of the risks.
Dr. Gabriel Feldman
This Franchise Is Going to the Dogs, and That's Absolutely Fine
Franchise Players

This Franchise Is Going to the Dogs, and That's Absolutely Fine

A Pennsylvania-based father and son gave up their IT jobs to team up in the canine business.
Joan Oleck
With the Help of These Franchises, You Earn the Yard of the Year Award
Franchise 500

With the Help of These Franchises, You Earn the Yard of the Year Award

If you're going to have a yard, you might as well make sure it's at least pretty to look at.
Lindsay Friedman
This Franchisee Started a Business That's Got Wheels on It
Franchise Players

This Franchisee Started a Business That's Got Wheels on It

Need a bike repair? A rental? A new bike? Andrew Alexander's mobile Velofix van will bring it to your home or business.
Joan Oleck
Franchise of the Day: This Taco Shop Will Have You Feeling Warm and 'Fuzzy'
Franchise of the day

Franchise of the Day: This Taco Shop Will Have You Feeling Warm and 'Fuzzy'

After launching the restaurant in 2003, a father and son duo set out to make their Mexican-food concept a franchise.
Lindsay Friedman
20 McDonald's Facts That May Surprise You
Fast Food

20 McDonald's Facts That May Surprise You

Did you know a chicken nugget once sold on eBay for $8,100?
Grace Reader
Warm Up to Franchising: How to Do Due Diligence While on Vacation
Radicals & Visionaries

Warm Up to Franchising: How to Do Due Diligence While on Vacation

There are some ways you can continue your path to entrepreneurship while relaxing on vacation.
Rick Bisio
Franchise of the Day: Hit a Grand Slam With This Franchise
Franchise of the day

Franchise of the Day: Hit a Grand Slam With This Franchise

This company helps folks get a snapshot of the big game.
Lindsay Friedman
How This Man's High School Job Evolved Into a Food-Franchise Career
Franchise Players

How This Man's High School Job Evolved Into a Food-Franchise Career

In the late 90s, John Gulledge was a high school student hungry for work and experience. Today, he's a successful franchisee enjoying his just desserts.
Carly Okyle

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.