08 Sep, 2017

Good Franchises

Owning a franchise run business gives you access to an established customer base who are very much loyal to the brand whose franchise you will be operating. There are different kinds of franchise opportunities relating to a wide variety of products and services available, and each of them have their own unique set of risks and rewards, depending on the standards which the company adheres to ensure quality of its services. Franchise businesses have become one of the most successful kinds of business models over the past few years, especially in the developed world. Following are one of the best franchises for incoming business operators, and their details are listed below. Subway is one of the most popular fast food brands which is renowned for its sandwiches, and topped the Entrepreneur’s list of the Top 500 franchises in 2010. Subway’s growth has not at all been affected in anyway by the recessionary phase, and it has continued recording sustained growth on a global scale. In fact, Subway’s success can be gauged from the fact that it opened around 1800 new restaurants, when most businesses were curtailing their operations. The start up cost of a Subway franchise is between $85,000 and $260,000. Amongst the best retail franchising companies is 7-Eleven Inc, which also was amongst the top 10 franchises to own in the year 2010. The company rose to number 3 in 2010 from number 27 in 2009 in Entrepreneur’s list of the Top 500 franchises. In fact, by 2010, the company operated in more than 25,000 locations across the globe including the United States of America. The franchises of this company are open 24 hours every day. The start up costs of a franchise of 7 Eleven ranges between $30,000 and $600,000. One of the most known brands of the United States is the McDonalds, which was the first food company to have adopted the franchise model, and it owes its success to franchising. The company is one of the best performing franchises worldwide today, and operates more than 10,000 restaurants in the USA itself. The start up costs of McDonalds range between $1000,000 to $2000,000, which is much higher than several other franchising companies. In the services sector, Supercuts is one such company which saw a lot of success in 2010, and gained 24 spots from number 29 to become number 5 in the best performing franchises in the United States of America. It also operates franchises in a few locations in Canada, and start up costs range between $110,000 to $245,000.