When
looking at the big picture, you can see that franchising is a proven
way to distribute goods and services. During the present slow down in
the US economy, the franchising industry seems to be unaffected.
Franchises are actually growing in one of the most difficult times to
successfully promote a business. There are many opportunities for
anyone wishing to own a business in the franchise sector and many
reasons to choose a franchise over a stand alone business.
Top
Franchises
There
are many different types of franchises. However, when most people
think about franchises, they usually think about fast food
restaurants like McDonald’s and Burger King, but these are only a
small portion of franchises today. According
to Entrepreneur.com, the top 10 franchises for 2013 are Hampton
Hotels, Subway, Jiffy Lube, 7-Eleven, Supercuts, Anytime Fitness,
Servpro, Denny’s, McDonald’s and Pizza Hut. This shows that only
four out of the ten are fast food, and the rest are from other
various business sectors. It seems as if a franchise is a great way
to ensure that any type of business you want to open remains
profitable.
Proven Method
The best benefit of
owning a franchise is knowing that you are getting a proven plan to
succeed. The franchisor has tested and chosen a strategy that is
guaranteed to give all their franchisees success. They want to spread
their brand name and have found a way to ensure that they experience
growth. You can benefit from the previous knowledge and experience of
the mother company and other owners of the franchises. There is a
vast pool of knowledge that you can get from opening a franchise
compared to a stand alone business.
Fitness
Franchises
One of the biggest
growing categories in the franchising industry is fitness. One of the
biggest groups of people in the US population is the Baby Boomers,
and as they are growing older the fitness industry is benefiting. In
today's world we want to be an anti-aging population. Everyone is
looking for a way to stay young and healthy, and the Baby Boomers are
leading the way. They want to live healthier and longer, which is why
you see so many fitness franchises opening. The public has a need for
more fitness centers, and the franchising sector is growing to help
fill this void. While Anytime Fitness is the only fitness franchise
in the top ten, there are many others, such as Curves, Bally Fitness,
Gold's Gym and many others that seem to be profiting from the current
need for fitness businesses.
