Compare These Top Vendors for Small Business Franchises
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.
Request a free 90-minute seminar on "How to Franchise Your Business" from the world's leading authority on franchising. Topics include franchisability, process, legal requirements, and costs.
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 franchises for sale. Fine the right franchise to fit your personal strength
www.business.com/startup/franchise-opportunities/Find owners and brokers who are interested in buying or selling a restaurant business.
www.business.com/startup/restaurant-business-for-sale/Find owners and brokers who are interested in buying or selling a hotel business.
www.business.com/startup/hotel-business-for-sale/Find owners and brokers who are interested in buying or selling a retail business.
www.business.com/startup/retail-business-for-sale/Find owners and brokers who are interested in buying or selling a financial planner business.
www.business.com/startup/financial-planner-business-for-sale/Find owners and brokers who are interested in buying or selling a medical business.
www.business.com/startup/medical-business-for-sale/Source: /guides/small-business-franchises-basics-23752/
Franchise companies are becoming increasingly popular with entrepreneurs looking for a small business franchising opportunity that they can own and operate with little prep work. While most business franchises for sale share similar business models, there are vast differences in small business franchising opportunities and investment requirements. Read More »
Source: /guides/small-business-franchises-news-and-trends-23757/
In the fast-paced small business franchising industry, it's critical that you keep up with the news to stay a step ahead of your competitors. Whether you're an established franchisee or you're planning to start a franchise, you should follow the industry developments closely. Read More »
Franchise Opportunity Listings
So, where to start? Franchise opportunity listings are the ideal spot to begin your research. In reviewing them, be sure to consider:
- Demand
- Competition
- Cost
- Commitment
Start on the Web
You'll find a huge number of franchise offerings on specialty Web sites, with listings conveniently sorted by business type (such as automotive, restaurant, home-based) and location. You can see the investment needed for each franchise and read a pitch from the franchisor about the training and support they give their franchisees. Online contact forms will put you in touch with the franchisor for more information.Browse association listings
For more exclusive listings plus educational material, try local and national trade groups.Consult business directories
Business directories can be excellent places to find just about anything — including franchise opportunities.Look to trade magazines
B2B magazines often function as virtual libraries for entire industries. Many collect and publish classified ads especially for their niche readers.Ask a search firm
Too busy to spend your time sifting through hundreds of franchise listings? Hire a professional to do the searching for you.Avoid traps
Don't rely on listings alone to sell you on a concept. Do some research and consult existing franchisees to get an honest picture of the opportunity.- Once you've identified a potential opportunity, research the franchisor further at Hoovers. Also, request from the franchisor a Uniform Franchise Offering Circular (UFOC), which will contain all the information you need about a given opportunity.
- The most useful franchise listings will include a company history, unit count, geographical opportunities, application prerequisites and investment requirements.
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Tips & Advice for Small Business Franchises
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.
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