Franchises

The Franchise Opportunity That Brought This Australian to Texas
Franchises

The Franchise Opportunity That Brought This Australian to Texas

Opportunity lures all immigrants but this one might surprise you.
Franchise vs. Start-up: Which One Works for You?
Starting a Business

Franchise vs. Start-up: Which One Works for You?

Here are some pros and cons of each model -- decide which works best for you.
4 Ways This Veteran's Military Background Helps Him Run His Business
Veterans Day

4 Ways This Veteran's Military Background Helps Him Run His Business

A marine and firefighter got a second career making others feel at home.
Nina Zipkin
100 Franchises With Discounts, Freebies or Incentives Just for Veterans
Franchises

100 Franchises With Discounts, Freebies or Incentives Just for Veterans

If you served your country, these companies make franchising easier for you.
Tracy Stapp Herold
These Programs Are Helping Veterans to Get New Businesses Off the Ground
Franchises

These Programs Are Helping Veterans to Get New Businesses Off the Ground

Today's generation of veterans enter a different business world than their predecessors. Luckily, there's help.
People Are Saying Chipotle's New Burger Joint Is a Rip-Off of In-N-Out and Five Guys
Chipotle

People Are Saying Chipotle's New Burger Joint Is a Rip-Off of In-N-Out and Five Guys

Chipotle opened the first Tasty Made location opened in Lancaster, Ohio, last week, and there's a lot at stake.
Kate Taylor
Taco Bell to Have 9,000 U.S. Outlets by the End of 2022
Taco Bell

Taco Bell to Have 9,000 U.S. Outlets by the End of 2022

The Yum Brands unit, which currently operates about 7,000 locations in the United States, had revenue of about $2 billion in 2015.
This Ice Cream Franchise Stands Out With Science
Franchises

This Ice Cream Franchise Stands Out With Science

Sub Zero Ice Cream and Yogurt uses liquid nitrogen to whip up dessert on demand.
The O.J. Simpson Trial's Surprising Impact on Molly Maid's Founder and Business
Franchises

The O.J. Simpson Trial's Surprising Impact on Molly Maid's Founder and Business

The trial inspired a special foundation -- one that's been instrumental in developing a base of franchisees.
Nina Zipkin
These Millennials Are Running Franchises With Their Parents. Here's What They've Learned.
Franchises

These Millennials Are Running Franchises With Their Parents. Here's What They've Learned.

Faced with diminished job prospects, millennials are increasingly partnering with their parents in the franchising world.
Creepy Clown Panic Forces Ronald McDonald Into Witness Protection Program
Franchises

Creepy Clown Panic Forces Ronald McDonald Into Witness Protection Program

America has super-sized its rainbow-wigged wig out.
Dan Bova
Should Millennial Entrepreneurs Start a Business or Just Buy a Business?
Millennials

Should Millennial Entrepreneurs Start a Business or Just Buy a Business?

Don't let the glamour of having a startup blind you to the head start you can have simply buying a business.
William Craig

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.