The state’s $20-an-hour mandate pressures some outlets to raise prices and risk turning away low-income customers.

Rico and Crystal Worl, the siblings behind Trickster Company, used to have a brick-and-mortar shop. They’re looking to recapture that physical presence with partnerships.

Franchisees get help with marketing and branding, but the corporate parent can’t do much about high interest rates and labor costs.

A private equity firm has agreed to buy Subway. It may need to close stores in the U.S., but expand overseas.

Barriers to minority franchise ownership remain, but some black entrepreneurs are leading the way.