Franchises

Apple iPhone Unlocking Maneuver Likely to Remain Secret
Apple

Apple iPhone Unlocking Maneuver Likely to Remain Secret

The company that helped the FBI unlock a San Bernadino shooter's phone legally owns the method used to gain access.
Want to Help Others Save Money? Check Out These 10 Tax Franchises.
Franchises

Want to Help Others Save Money? Check Out These 10 Tax Franchises.

With just days left to file this year's taxes, you may want to call one of these franchises for help.
Lindsay Friedman
Franchise of the Day: Men Can Freshen Up Their Hairstyle With the Help From This Franchise
Franchise of the day

Franchise of the Day: Men Can Freshen Up Their Hairstyle With the Help From This Franchise

With the motto 'championship haircut experience in an exciting sports-themed environment,' this franchise has more than 1,300 shops across the U.S. and Canada.
Lindsay Friedman
Florida Woman Closes a Clothing Boutique to Open an Eco-Friendly Cleaning Business
Franchise Players

Florida Woman Closes a Clothing Boutique to Open an Eco-Friendly Cleaning Business

After owning several businesses, Martekei Plange turned to franchising with Coverall as a way to refocus her entrepreneurial career.
Erin Schultz
Is Franchising a Fit for You?
Franchises

Is Franchising a Fit for You?

Before taking the leap make sure you've thoroughly researched every nuance of this business model.
Brenton Hayden
These 100 Franchises Offer Home-Field Advantages
Franchises

These 100 Franchises Offer Home-Field Advantages

Check out the companies that let you work from your house -- or vehicle -- and rake it in.
Tracy Stapp Herold
You Won't Believe How Old Some of These Franchises Are
Franchises

You Won't Believe How Old Some of These Franchises Are

Check out some of the oldest franchises in the U.S.
Lindsay Friedman
Franchise of the Day: Spend Your #FinallyFriday at This Hawaiian Restaurant
Franchise of the day

Franchise of the Day: Spend Your #FinallyFriday at This Hawaiian Restaurant

Nothing says TGIF like a delicious Hawaiian-style cookout.
Lindsay Friedman
5 Strategies for Avoiding the Most Common Franchisee Mistakes
Franchises

5 Strategies for Avoiding the Most Common Franchisee Mistakes

Remember that the system you valued so much when you became a franchisee is what you should return to when problems erupt.
Kyle Zagrodzky
Meet the Man Who's Bringing Automated Fast Food to the Masses
Franchisors

Meet the Man Who's Bringing Automated Fast Food to the Masses

A onetime internet phenomenon is finally ready to franchise.
Franchise of the Day: Aim for the Sky With This Franchise
Franchise of the day

Franchise of the Day: Aim for the Sky With This Franchise

This company promises you'll have a jumpin' good 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.