I forgot this one - Franchise Ranking
In economic
development, one of the most common business start-ups is the franchise. Entire courses in community colleges are
centered on franchises. It is one way to
jump ahead when starting a business.
You will know many of
the franchises on the list. And you may be surprised by some of the
franchises. The list is capped at 500
out of approximately 1,100 firms. Yes, I know, I too was surprised at the
number.
I was most impressed
by the section titled, “Fine Your Franchise”.
It has 12 groups you can review to find one or more you may have an
interest in. A couple of the categories
are business services, food and beverage, maintenance, retail, and recreation. This is only a few. The next section is a series of questions
designed to help you narrow your choices.
This is a very
detailed and well researched ranking.
Please read the blue tab labeled “Jump to Franchise Overview”. This is invaluable as it lets you compare
franchises. A summary of the key
sections of the Franchise 500:
-Business Overview
-Financial
Requirements and Ongoing Fees
-Financing Options
-Training and Support
Offered
-Operations
Each franchise must
currently be searching for a franchisee and have a minimum of 10 new franchises
opened with one in North America. Franchisers are given the choice of filling
out a form or submitting a current Franchise Disclosure Document (FDD). It is
an impressive list.
In addition, the ranking
includes excellent write-ups of each franchise. Generally included are initial
investment range, number of units, why you may want to start an individual
franchise, why this franchise, how to open one, and an excellent company
summary.
This is an informative
and fun list. Link:
https://www.entrepreneur.com/franchise500
