Franchises

Franchise of the Day: The Name of This Franchise Was Inspired by True Love
Franchise of the day

Franchise of the Day: The Name of This Franchise Was Inspired by True Love

The company, named after the founder's wife, became a family affair.
Lindsay Friedman
The Friends Turning Bundt Cake into Big Business
Franchisors

The Friends Turning Bundt Cake into Big Business

Two women bring back a discarded dessert, and create a national hit.
Don't Make These 5 Risky Franchise Ownership Mistakes
Franchises

Don't Make These 5 Risky Franchise Ownership Mistakes

If your goal it is be at home every night with your family, don't open a 24/7 shop.
Rick Bisio
How These Franchises are Getting a Second Chance
Make More Happen

How These Franchises are Getting a Second Chance

Customers loved these franchises once before. New owners are betting they will again.
Franchise of the Day: Stop and Smell the Roses With This Franchise
Franchise of the day

Franchise of the Day: Stop and Smell the Roses With This Franchise

Your garden could flourish thanks to this homegrown business.
Lindsay Friedman
What a Screen-Repair Franchise Taught 2 Burger-Joint Vets
Franchisees

What a Screen-Repair Franchise Taught 2 Burger-Joint Vets

Their jobs at In-N-Out Burger gave Jason Frazier and Brandon Wlasischuk the skills they needed to be successful Screenmobile franchisees.
Start These 225 Franchises for $50,000 or Less
Franchises

Start These 225 Franchises for $50,000 or Less

If you'd like to be your own boss without breaking the bank, look no further than these budget-friendly franchises
Tracy Stapp Herold
Franchising Helped These Women Find Work-Life Balance for Themselves and Other Moms
Franchise Players

Franchising Helped These Women Find Work-Life Balance for Themselves and Other Moms

These working mothers decided to help other high-achieving parents with their customer-focused Kiddie Academy franchise.
Carly Okyle
Franchise of the Day: Celebrate #FinallyFriday With a Slice From This Franchise
Franchise of the day

Franchise of the Day: Celebrate #FinallyFriday With a Slice From This Franchise

Jet's Pizza is a perfect way to get your weekend started right.
Lindsay Friedman
Franchise of the Day: Get Beach-Tan Ready With This Franchise
Franchise of the day

Franchise of the Day: Get Beach-Tan Ready With This Franchise

Palm Beach Tan will help you get that base coat ready for some serious sun.
Lindsay Friedman
From After-School Job to Franchise Career
Franchisees

From After-School Job to Franchise Career

How a part-time job turned into a full-time mobile-phone-franchise career.
For National Frozen Yogurt Month, Get A Spoonful of These Tasty Franchises
Franchise 500

For National Frozen Yogurt Month, Get A Spoonful of These Tasty Franchises

Frozen Yogurt is a summer trend that's not going anywhere.
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.