Finding the Best Franchise Opportunities

If you are looking for a good franchise opportunity to invest in, you should do your research. While there are numerous opportunities available in the franchise world, some of the franchises offers are better than others. Fortunately, there are many articles on this topic that you can review. Some of these articles will also rate the top and the best franchise opportunities in various industries. From popular restaurants to cleaning franchises, you can review each to see which ones will best fit your pocket book and overall purpose.

franchise opps availableAccording to entrepreneur.com, their 34th annual franchise ranking identifies the latest trends along with the industries that are positioned for growth.  Listed below are seven of the top 10 franchise opportunities in the U.S.

7 Top US Franchise Opportunities

Hampton Hotel Franchises

When you review this list, you will find Hampton Hotels as number one. In 1984, the first hotel in this franchise was located in Memphis, Tennessee. Since this time, the franchise has hotels and resorts all over the world including 84 countries. So, if you are looking for an exceptional franchise to invest in, the figures for 2013 can be found online via entrepreneur.com. Startup costs, financing and going fees are listed along with the term of franchise agreement (i.e. 22 years).

Subway Franchises

If investing in a hotel franchise is not remotely in your dreams, you may want to consider investing in a fast food restaurant. On the other hand, if you do not want to invest your money in selling unhealthy burger and fries, you may want to consider Subway because of its reputation for healthy menus. From lean turkey combos to veggie sandwiches, this menu is more conducive to people that like to eat healthy on a regular basis. So, a subway franchise may be just what you need to consider and prefer. The start-up of this franchise can be attributed to Fred DeLuca and Peter Buck in 1965. Today, Subway can be found in 99 countries including the U.S. The term of franchise agreement is 20 years and it is renewable. If you want a franchise that requires a minimum amount of employees, Subway is a great option since the number of employees needed to run the operation is approximately 8 to 12 per location. Currently, all of these franchises are known as owner operated. If you choose Subway as a viable option, you will be choosing #2 on the list of best franchise opportunities.

SuperCuts Franchises

If you are not interested in hotels or restaurants, there are other franchise opportunities available in this industry. One of which is Supercuts. Supercuts can be found on the top ten lists in the position of number 5. The first Supercuts business was opened by Frank Emmett and Geoffrey Rapport in 1975. The rationale for this franchise is based on an alternative to neighborhood barbershops and high fashion salons. It is based on the concept of 20 minute services with a custom experience that fits an individual’s budget. These franchise opportunities can be found in the U.S. and Canada. If you have an interest in investing in Supercuts, it is important to know that the terms of franchise agreement are conditional and renewable. When you purchase this franchise, you will only need 6 to 8 personnel to operate it efficiently.

Anytime Fitness Franchises

Another leader in the franchise world is Anytime Fitness and it is another great option for you to consider. With a position of number 6 in the top ten, these franchise operations are available 24/7. Even though the franchises are available worldwide, the actual beginning of its franchises was established in 2002. With 40% of all franchisees owning multiple units, Anytime Fitness allows absentee ownership in their terms. Advanced security systems will also allow fitness members to access these facilities during unstaffed hours.

McDonald’s Franchises

McDonald’s is positioned at number 9 on the top 10 lists and it is also one that is highly recommended as a coveted franchise. Fortunately, this franchise has been around for a long time and they are located all over the U.S and abroad. Therefore, if you want to join the team with the golden arches, you may want to give this franchise a great deal of consideration. The food that is offered to their customers will weight in on both sides of the spectrum since there are burgers with lots of unhealthy fat and healthy salads included on most menus.

7-Eleven Franchises

7-Eleven comes in at number 4 on the top 10 lists and they date back to 1927. With franchises in the U.S and internationally, Joe C. Thompson, as the owner, started this chain of convenience stores. While the names have changed over the years, the services have evolved dramatically too. From selling milk, ice and eggs to selling all kinds of food products in a small store setting, these franchises remain unique in structure and they easy recognize anywhere. So, if you want to invest in a piece of the past as well as the future, 7-Eleven is an idea franchise opportunity for many. This is a great investment opportunity that can also be found in your neighborhood as well as in other surrounding areas.

Pizza Hut Franchises

Frank and Dan Carney from Wichita, Kansas are responsible for the inception of Pizza Hut. Two brothers opened these doors in 1958 after borrowing $600 from their mother. As a result, you can find specialty pizzas all over the U.S. and Internationally. The terms of franchise agreement is 20 years. Yum brands are currently the owner of Pizza Hut. Which means, you should do your research in advance so that you can understand how these franchise relationships are set-up as well as how they work.

Consider Each Opportunity Carefully

Finding the best franchise opportunities available does not have to be a difficult task.  Choosing between the top 10 and more, however, is often the biggest challenge. Remember that you’re investing in a business and not buying an appliance.  Therefore, you should take your time and do a thorough job of researching each opportunity before you make a final decision. Some of the top factors in making these situations will involve the amount of money available for the investment, the terms of franchise agreements, ongoing royalty fees and franchise fees.

Comments

  1. Thomas Hickman says:

    The brand behind a franchise can be a large determining factor in the success of an individual franchise.

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