As the world slowly but surely adjusts to our “new normal,” we at America’s Best Franchises are evaluating the franchising industry landscape. From our vantage point, the outlook seems positive. The franchising industry is experienced and resilient; technology has given us new ways to do business; individual franchisees can build their businesses from home; and […]
Franchising
Everything You Need to Know About Food Franchises
Many of the people who choose to franchise in the food industry already have experience working in and operating restaurants. But owning your own piece of the food industry is different than working in someone else’s restaurant or retailer. It’s important to understand the food franchise industry before you make your franchising decision. 37% of […]
What Multi-Brand Franchise Ownership Actually Looks Like
Whether you are looking to expand your franchise portfolio or looking to start your first franchise venture, multi-brand franchise ownership could be an option for you. Explore what that means—and what it entails—for multi-brand franchise owners. Multi-Brand Franchise Ownership Multi-brand franchise ownership is exactly what it sounds like: owning franchises of two or more different […]
2019 Franchising Trends: The State of Franchising
The franchise space is experiencing rapid expansion. Consumer trends are shifting while technological advances are pushing franchisor boundaries—so much so, your friendly experts at America’s Best Franchises say it’s safe to expect continued growth in the franchising industry over the next few years. In the meantime, let’s take a look at the state of franchising […]
Steps to Franchise a Business
Today’s Tip is on how to franchise a business. If you have a successful business and have determined that it is “franchise-able” Franchise Solutions has the next steps to take. By “franchise-able” we mean you have evaluated the business’s potential and found that it can be duplicated well. In addition, you have deemed your business offers beneficial […]
The Rise of Multi-Unit Franchise Ownership
The franchise industry is seeing rapid growth in multi-unit franchising, and it’s a trend that won’t be going anywhere any time soon. The biggest reason for this is multi-unit franchising provides an opportunity for tremendous (and stable) growth and wealth creation for all parties involved—the brand, franchisor and franchisee. The International Franchise Association (IFA) says multi-unit operators are changing […]
Interviewing Franchisees
Buying a franchise is a big, life-changing decision and is cause for proper research. After all, you’re not just investing your money; you’re investing your time, talent and skills. You might also be investing your blood, sweat and tears. Due Diligence Be sure to conduct what those in the franchise industry call “due diligence.” The […]
Franchising 101: What is an Area Developer?
As more and more franchises move toward multi-unit growth, area developer franchisees are also becoming more popular. If you’re looking for multi-unit franchise opportunities, you might consider area development. Here’s How It Works Area developers are similar to multi-unit operators except they commit to opening a greater number of units encompassing a larger territorial area […]
Franchising 101: What is a Master Franchisee?
If you’re a more skilled and seasoned business executive with big dreams, area development might be for you. Multi-unit franchisees are also considered area developers; the franchisor requires the area developer to open a certain number of units by a specific date. Not only do area developers pay less per unit than if they were […]
Buying a Franchise: 3 Benefits of Ownership
More than 30 percent of small businesses fail within the first five years of being open. This is largely due to the fact that start-up business owners have to figure out how to effectively run their business along the way. That’s why many entrepreneurs turn to franchising; it offers the potential for rapid growth at minimum costs. Often […]
