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Franchising refers to the methods of practicing and using another person's business philosophy. The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last from five to thirty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.

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Wikipedia About Franchising

Franchising refers to the methods of practicing and using another person's business philosophy. The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last from five to thirty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.

Overview

The term "franchise" is used to describe business systems which may or may not fall into the legal definition provided above. For example, a vending machine operator may receive a franchise for a particular kind of vending machine, including a trademark and a royalty, but no method of doing business. This is called "product franchising" or "trade name franchising".

Cancellations or terminations of franchise agreements before the completion of the contract have serious consequences for franchisees. Franchise agreement terms typically result in a loss of the sunk costs of the first-owner franchisees who build out the branded physical units and who lease the branded name, marks, and business plan from the franchisors if the franchise is canceled or terminated for any reason before the expiration of the entire term of the contract.Fact: date=December 2007 (Item 15 of the Rule of the Federal Trade Commission requires disclosure of terms that cover termination of the franchise agreement and the terms substantiate this statement)

History

Franchising dates back to at least the 1850s; Isaac Singer, who made improvements to an existing model of a sewing machine, wanted to increase the distribution of his sewing machines. His effort, though unsuccessful in the long run, was among the first franchising efforts in the United States. A later example of franchising was John S. Pemberton's successful franchising of Coca-Cola. Early American examples include the telegraph system, which was operated by various railroad companies but controlled by Western Union, and exclusive agreements between automobile manufacturers and operators of local dealerships. Earlier models of product franchising collected royalties or fees on a product basis and not on the gross sales of the business operations of the franchisees.

Modern franchising came to prominence with the rise of franchise-based food service establishments. This trend started before 1933 with quick service restaurants such as A&W Root Beer. In 1935, Howard Deering Johnson teamed up with Reginald Sprague to establish the first modern restaurant franchise. The idea was to let independent operators use the same name, food, supplies, logo and even building design in exchange for a fee.

The growth in franchises picked up steam in the 1930s when such chains as Howard Johnson's started franchising motels. The 1950s saw a boom of franchise chains in conjunction with the development of the U.S. interstate highway system. Fast food restaurants, diners and motel chains exploded. In regard to contemporary franchise chains, McDonald's is unarguably the most successful worldwide with more restaurant units than any other franchise network.

Search results for Franchising

Franchising EU - Portal to the Franchising Industry

Franchise directory listing over 1,000 franchisors, attorneys, consultants and ... Franchising EU focuses solely on those franchisors and service providers who ...www.franchisingeu.com/

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Popeyes chicken & biscuits restaurant franchises available - Popeyes offers restaurant franchising opportunites both domestic and international. A real growth ...www.popeyesfranchising.com/

Franchising Inquiry Information - Yum! Brands, Inc.

Franchising Recruitment - YumFranchises.com - Real Estate - International Opportunities ... International Franchising Inquiry Phone Line: 1-972-338-8164 ...www.yum.com/franchising/default.asp

Franchises and Business Opportunities available from Franchise Gator

Franchises and business opportunities for sale. Search the database for the perfect franchise opportunity.www.franchisegator.com/

Franchising - How To Information - eHow.com

Find how to information on Franchising at eHow.com. From basic instructions to advanced tips and techniques, eHow's How To experts are ready to help.www.ehow.com/articles_3133-franchising.html

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News about Franchising

Wenceslao: Manuel Iway’s lone ranger act

Sun StarI doff my hat off to former Land Transportation Franchising and Regulatory Board (LTFRB) regional director Manuel Iway for braving the odds in that public hearing on his petition to reduce jeepney and taxi fare rates. Some taxi drivers and operators he faced were rude, which is bad for the image of drivers and operators.http://www.sunstar.com.ph/static/ceb/2008/10/03/oped/bong.o....

Women Entrepreneurs: A Fast-Growing Segment in Franchising, FranNet Says

Business Wire via Yahoo! Finance LOUISVILLE, Ky.----According to the International Franchise Association , women have founded 23 franchise systems in the United States, and the number of women-owned franchises continues to climb.http://biz.yahoo.com/bw/081001/20081001006465.html?.v=1

Franchising Developments to be Discussed During ABA Meeting in Austin, Texas

American Bar AssociationCHICAGO, Sept. 29, 2008—Despite our nation’s challenging economic climate, interest in franchised businesses is expected to grow. Lawyers from across the county will examine this trend and others in the franchising industry when they gather in Austin, Texas, Oct. 15 – 17 for the American Bar Association Forum on Franchising 31st Annual Fall Meeting.http://www.abanet.org/abanet/media/release/news_release.cfm?...

Jack in the Box Inc. promotes two top execs

Meat NewsSAN DIEGO -- Jack in the Box Inc. has promoted Charles Watson to senior vice president and chief development officer and Michael Bamrick to vice president of franchising.http://www.meatnews.com/news/headline_stories.asp?ArticleID=...

Mrs. Fields, Cookie Maker, Wins Exit-Plan Approval (Update1)

BloombergOct. 2 (Bloomberg) -- Mrs. Fields Famous Brands LLC, the cookie and frozen-yogurt company that sought bankruptcy protection Aug. 24, won court approval of a plan that will cut its debt by about $145 million.http://www.bloomberg.com/apps/news?pid=20601103&sid=agCQ055H...

News about Franchising

Red Mango frozen yogurt chain moving headquarters to Dallas

Dallas Morning NewsThe company, which had $12 million in sales last year, plans to grow largely through franchising. It’ll seek North Texas franchisees at a recruitment seminar Monday at the Hotel ZaZa. The first recruitment session for the ... http://www.dallasnews.com/sharedcontent/dws/bus/stories/0509...

National Express rescue on East Coast Main Line may be cheapest option

Times OnlineIt rejected any suggestion that its model for train franchising was flawed. Industry eyebrows were raised when National Express agreed in August 2007 to pay £1.4 billion over seven years and four months for the East Coast franchise. GNER had been ... http://business.timesonline.co.uk/tol/business/industry_sect...

Former McDonald's Consultant Joins Pro Energy Consultants As Franchise ...

MSN MoneyCentralFor additional franchising information, please contact Pro Energy Consultants at 888.9PROENERGY or visit www.proenergyconsultants.com . MEDIA CONTACT: Kim Ryan Fish Consulting 770-932-0695 kryan@fish-consulting.com SOURCE Pro ... http://news.moneycentral.msn.com/provider/providerarticle.as...

LEGISLATURE '09 HEALTH

Dallas Morning NewsMark Parmerlee, chairman of Dallas-based Golden Franchising Co., which franchises the Golden Chick chain, said his company began addressing the issue two years ago, and has since switched from an oil blend with partially hydrogenated soybean oil. "So ... http://www.dallasnews.com/sharedcontent/dws/news/texassouthw...

NexCen Brands Opens New R&D Facility for Quick Service Restaurant ...

MSN MoneyCentralChris Dull, President of NexCen Franchise Management, Inc., the franchising subsidiary of NexCen Brands, stated, “This facility expands our research and development capabilities for our QSR businesses and provides us with ... http://news.moneycentral.msn.com/provider/providerarticle.as...

Search results for Franchising

Concerto Networks Franchise Information

Franchising.com is an exclusive portal for franchise opportunity seekers & business buyers. Offering up to the minute news, original articles, general information on thousands of ... http://www.franchising.com/concerto/?p=press&id=25

FED USA Franchising Group > The Company

FED USA Insurance : The Lowest Rates for Auto Insurance and Tag Services! FED USA Franchising Group > The Companyhttp://fedusafranchisinggroup.com

Franchising Concepts

Franchising Concepts partners with proven businesses to develop and implement a customized franchising program to meet your business growth objectives.http://FRANCHISINGCONCEPTS.COM

Franchising.com EXPRESS Newsletter - Franchise News & Reviews

Franchising. com EXPRESS is an exclusive newsletter for opportunity seekers, franchisees, franchisors, and news affiliates. Franchising. com EXPRESS covers a wide variety of topics ... http://express.franchising.com/

Zaxby's Franchising, Inc.

Information about owning a restaurant chain of this company. Includes requirements and FAQ.http://www.zaxbysfranchising.com/

Wikipedia results for Franchising

Franchising - Wikipedia, the free encyclopedia

Franchising refers to the methods of practicing and using another person's business philosophy. The franchisor grants the independent operator the right to distribute its products ... http://en.wikipedia.org/wiki/Franchising

Rail franchising in Great Britain - Wikipedia, the free encyclopedia

Rail franchising in Great Britain was created by the Railways Act 1993. Passenger services are franchised, for a limited period, to train operating companies.http://en.wikipedia.org/wiki/Rail_franchising_in_Great_Brita...

Land Transportation Franchising and Regulatory Board (Philippines ...

The Philippines ' Land Transportation Franchising and Regulatory Board (Filipino: Lupon sa Pagpaprangkisa at Regulasyon ng Transportasyong-Lupa), abbreviated as LTFRB, is an agency ... http://en.wikipedia.org/wiki/Land_Transportation_Franchising...

Professional sports league organization - Wikipedia, the free ...

Outside of North America, the American system of organizing sports leagues is sometimes referred to as "franchising." North Americans themselves refer to major-league teams as ... http://en.wikipedia.org/wiki/Sports_franchising

Director of Passenger Rail Franchising - Wikipedia, the free ...

The Director of Passenger Rail Franchising is a statutory office created in 1993 by the Railways Act 1993 and usually called the Franchising Director.http://en.wikipedia.org/wiki/Director_of_Passenger_Rail_Fran...
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Franchisers Turn to Blue MauMau.org

Franchisers Turn to Blue MauMau.orgBlue MauMau founder and CEO Don Sniegowski and franchise lawyer and frequent blogger Paul Steinberg explain how the site works and why it's catching on in the franchising...Flash - Video

Franchising: Pros And Cons

Franchising: Pros And ConsJune 17 - This week's 'Technology & You' looks at what's involved in owning a franchise. Do you have what it takes?Flash - Video

Before You Spend $100k! Franchise A...

Before You Spend $100k! Franchise Alternatives I've FoundFranchise Cost is high & Franchise profit margins are low. Take a look at other online business options. Working from home with an online business is a great alternative to make...Flash - Video

Are You Right For Franchising

Are You Right For FranchisingFranchise expert Dick Rennick discusses what personality traits and skills are best suited for franchise opportunities.Flash - Video

US Elections/Franchising The Daily ...

US Elections/Franchising The Daily Franchise Show 10-27-08http://www.thedailyfranchiseshow.com Discussion of tax implications to franchises and other small businesses no matter who is elected President..Windows Media - Video

Answers for Franchising

golfaddictCan anyone tell me the pros and cons of franchising businesses?golfaddictHere are my thoughts as a former franchisee and someone who's done extensive research on franchising: Whether it’s worth investing in a franchise can only be answered after the fact. The best ...WaqasWhat is the difference in franchising and licensing?WaqasLets use examples. Say you want to start a restaurant, but don't have the money to do it yourself. You would buy a franchise, and the company you get the franchise from builds it and you run it, usi...irfan bIs it franchising purchase gave me Immigration visa with family?irfan bJayHow do i guage the the interest in franchising my ice cream store?JayYou need to put up a sign in each of the store's. Get together a decent brochure. The best way to do this is go to a competitor's store such as a Baskin Robbins, Ben & Jerry's, Stone Cold Creamery,...awww_it's_cuteHow does franchising work?awww_it's_cuteDepends on the franchise but everything should be outlined in the Uniform Franchise Offering Circular (UFOF Initial Franchise Fee Other Fees and Expenses Training fees and material The r...
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