FRANCHISE ENTREPRENEURSHIP

Chipotle is a Mexican food chain restaurant. The franchise was founded by Steve Ells in 1993. Steve attended school at the culinary institute of America in Hyde Park. He then worked as a line cook in San Fransico and took what he learned and opened the first Chipotle restaurant in Denver, Colorado. He opened the store with an 85,000-dollar loan from his father. By the time Chipotle had 16 restaurants in Colorado, Mcdonalds became a big investor. Steve's plan was to use the funds from the first Chipotle restaurant to open a fine dining restaurant. He then saw how successful the business became and decided to expand the franchise further. 

Sephora is a popular franchise that is very well known. It was founded 53 years ago in Paris, France. The brand focuses on personal care and beauty products. When it was first starting out as a small business the company was sold to Dominique Mandonnaud. He had already acquired his own perfume line and wanted to merge it with the Sephora brand. He then continued expanding the brand after seeing some success with the current store he  had. He then opened a second store in Paris and then began to focus on globalization. Sephora now owns 2,300 stores across 33 countries.