A franchise refers to a company that is established and managed by another. Franchisees pay for rights to use ideas, products, or services from franchisors. A franchise is an organization which provides franchisors that allow people to open their own businesses. FranchisingFranchises are one of the most well-known forms of business ownership. Numerous celebrities have taken part in franchising.
1. Auntie Anne’s
Auntie Anne’s fast food chain is known for its pretzel-based snack and drink. The chain boasts more than 2000 locations around the globe. This chain is a well-known franchise in America and has enjoyed great popularity over the years. Anne F. Beiler, her husband and founder of the company, founded it in Pennsylvania in 1988. She was also its first franchisee. One of Auntie Anne’s most well known franchisees is basketball legend Shaquille O’Neal. He currently owns 17 locations including 9 in Michigan and 8 in Buffalo NY.
2. Papa John’s
John Schnatter created this pizza franchise in 1984. There are now more than 55,000 locations worldwide. It has been ranked as the top franchise in America and is the only one to offer a charitable foundation. The company partners with great people to work with them including sport stars like Peyton Manning who owned over 30 stores and Shaquille O’Neal who is the company’s current celebrity spokesperson and owns 9 locations.
3. Krispy Kreme
Krispy Kreme began in 1937 by Vernon Rudolph. It has over 1,000 locations around the world. In Winston Salem, North Carolina, it opened its first store. Its headquarters is located in Charlotte NC. The American chain offers fresh donuts and coffee at all its locations. One of Krispy Kreme’s most well known franchisees is singer Jimmy Buffet who owns several locations in Florida.
Popeye’s is a Louisiana-based fast-food chain founded in New Orleans, LA, in 1962 by Al Copeland. This is the third largest chicken restaurant chain worldwide, with its headquarters in Miami, FL. Popeye’s has partnered with many celebrities for endorsements and specialty sauces, and their latest celebrity partnership is with musician Megan Thee Stallion. Her partnership with Popeye’s includes 5 franchise locations, a hot sauce, and specialty merchandise.
5. Five Guys
Five Guys, an American franchise chain of burgers, was founded in Arlington County in Virginia in 1986. It serves a variety of burgers that customers can personalize and large quantities French fries to share. Five Guys boasts several famous franchise owners, such as Phil Mickelson, PGA golfer and owner of several Five Guys stores in Orange County.
Franchise opportunities are a great way for celebrities to diversify their investment portfolios. No matter whether you’re a celebrity franchise owner or a regular one, it’s important to choose your franchise companies wisely so you can ensure you’re making a smart investment for your specific lifestyle.