Franchises

Franchise of the Day: Take a Bite Into This Franchise
Franchise of the day

Franchise of the Day: Take a Bite Into This Franchise

A hearty sandwich is something you'll never regret.
Lindsay Friedman
Why These 5 Franchises Stand Out From the Crowd
Franchises

Why These 5 Franchises Stand Out From the Crowd

In a market full of copycats, these franchises each have something different that sets them apart.
Franchise of the Day: Snap a Picture With This Franchise
Franchise of the day

Franchise of the Day: Snap a Picture With This Franchise

It specializes in helping you and those closest conserve the best memories with a pic.
Lindsay Friedman
Franchise of the Day: Don't Have a Green Thumb? The Lawn Doctor Can Help You Out.
Franchise of the day

Franchise of the Day: Don't Have a Green Thumb? The Lawn Doctor Can Help You Out.

With the tagline, 'we eat dandelions for breakfast,' the franchise has lawn care down to the very last blade of grass.
Lindsay Friedman
Franchise of the Day: Is Your Kitchen a Mess? This Franchise Can Help.
Franchise of the day

Franchise of the Day: Is Your Kitchen a Mess? This Franchise Can Help.

The ShelfGenie can turn any storage problem into a well-organized system.
Lindsay Friedman
Fire Up the Grill With These BBQ Franchises
Franchise 500

Fire Up the Grill With These BBQ Franchises

The summer is a waste without a good steak or rack of ribs.
Lindsay Friedman
A Two Time All-American Hurdler Overcomes Obstacles in Sports and Business
Franchise Players

A Two Time All-American Hurdler Overcomes Obstacles in Sports and Business

Like the lawns and landscapes he cares for, Justin Rush can withstand rough patches.
Carly Okyle
Dogs, Birds and More: Check Out These 7 Pet Franchises
Franchise 500

Dogs, Birds and More: Check Out These 7 Pet Franchises

In honor of National Pet Month, it's a great time for owners to reassess the needs of their beloved pets and make sure they are happy and healthy.
Lindsay Friedman
6 Trends That Prove Franchises Are a Hot Opportunity for Aspiring Entrepreneurs
Franchises

6 Trends That Prove Franchises Are a Hot Opportunity for Aspiring Entrepreneurs

By being aware of franchise trends, you can capitalize on them for your business.
Rick Bisio
Franchise of the Day: Unleash You Inner 'Shoebe' With This Shoe Company
Franchise of the day

Franchise of the Day: Unleash You Inner 'Shoebe' With This Shoe Company

If flip-flops are what you're after, the Flip Flop Shops franchise is the place to go.
Lindsay Friedman
How This Franchisee Is Giving Hope -- and Jobs -- to the Disabled Community
Franchisees

How This Franchisee Is Giving Hope -- and Jobs -- to the Disabled Community

Disabled people make great employees. That's why this Tim Hortons owner keeps hiring them.
Crazy Fast Food Burgers You Can Only Find in Japan
Franchises

Crazy Fast Food Burgers You Can Only Find in Japan

Finding customers for berry jam burgers may prove difficult anywhere else.
Lindsay Friedman
Franchise of the Day: The Franchise Says Its OK to Eat Your Feelings
Franchise of the day

Franchise of the Day: The Franchise Says Its OK to Eat Your Feelings

With just a scoop or even a pint, this ice-cream franchise is there for you.
Lindsay Friedman
Franchise of the Day: Bring a 'Pop' to Your Day With This Franchise
Franchise of the day

Franchise of the Day: Bring a 'Pop' to Your Day With This Franchise

Doc popcorn will liven your taste buds one kernel at a time.
Lindsay Friedman

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.