Reasonable investment levels, low employment overhead for self-serve models, low operational costs compared with other food service businesses, and relative ease are just some of the factors that might appeal to a person looking to open a small business with support from a franchisor.
Obviously, auto repair franchise owners benefit from consumers making repairs on their cars, instead of buying new or used cars. However, you might not be aware of some of the not-so-obvious advantages to owning an auto repair franchise.
Businesses looking to expand often find themselves at a crossroads: franchising vs. traditional expansion. Despite experts trying to sway you one way or another,...
Franchisors approach online marketing in many different ways. How can a franchisee get the most from online marketing? Make sure, when you choose your franchise business opportunity, that you have a plan for online marketing—and that the franchise you choose works with that plan.
A franchise's turnover rate is the percentage of franchise locations that close in any given year. We found that about half the franchises in the data we checked had turnover rates of 10% or less.
Before you invest in a franchise, you do plenty of research, looking at the financial health and performance of the corporation and of individual franchises. How will you measure the health and performance of your own franchise business?
The number of franchise establishments in the United States has grown to 781,794 – the highest it has ever been. Along with the steady growth, the...
Surveys routinely find that more than half of Americans want to own their own businesses — and we see even higher percentages among specific groups. For example, 64% of young Latinos see entrepreneurship as their goal.
When entrepreneurs begin talking with franchise systems, they tend to ask pretty standard questions. But the higher you go in the building, the more pointed and detailed the questions get, and they're critical for a franchisee candidate to ask before signing the franchise agreement.
We've seen toy stores that made 90% of the year's revenue in the run-up to Christmas, wedding services that were busy all summer and scraped along through the winter, and tax services that didn't even stay open outside of tax season.