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Start a hospitality franchise today. Choice Hotels is one of the largest global lodging companies. They provide their franchisees with high-quality, high-value investment options globally while delivering reservations. Apply Today.
Browse an online directory of franchise opportunities, advice, and guidance. Review listings to find links to a wide variety of small business franchise opportunities and existing … more »
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So, where to start? Franchise opportunity listings are the ideal spot to begin your research. In reviewing them, be sure to consider:
Small business franchises allow entrepreneurs to start businesses based on proven business models with brand names. Buying a franchise from a large corporation, such as McDonald's, allows you to leverage a well-known brand name and the purchasing power of the parent company.
A single-unit franchise is the easiest way for a new entrepreneur to get a start in the franchising business. The franchisee is only responsible for one store. Multi-unit franchises allow the owner to open more than one store. You also have the option of purchasing an existing franchise.
Small business franchises have many benefits, including the selling power of a recognized brand and employee training programs that minimize the risks involved with operating a business. However, if you start a business, your reputation will be tied to the parent company, so your business can suffer from any bad press it receives. In addition, you must operate your business under the rules established by the franchisor.
There are a variety of costs involved when you own a franchise. You must make an initial investment or pay a start-up fee upfront to buy the rights to use the company's name. In addition, you will likely be required to pay an annual royalty fee to retain this right.
Click the links on this Business.com page for more information about small business franchises.