10 examples of franchises
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Franchising helps would-be entrepreneurs to get a jump start on launching a business. Franchises offer proven business models and marketing support for franchisees and represent a wide range of options to meet virtually any business interests.
There are a wide range of franchise examples from restaurants to business services and almost everything in between.
Of the top 10 franchises in 2010, according to Entrepreneur's Franchise 500, five are food-related--Subway, McDonald's, 7-Eleven, Dunkin' Donuts and ampn Mini Market.
Cleaning services also represent a high percentage of the top franchises in the country, with such franchises as Jani-King, Servpro, Jan-Pro Franchising Int'l. Inc. and Stratus Building Solutions appearing in the top 15 of Entrepreneur's list.
H&R Block is number six on Entrepreneur's Franchise 500, offering tax preparation and electronic filing services. Financial services franchises provide services to both consumers and businesses and represent an opportunity for those with accounting acumen to capitalise on well-known brand names.
- Franchising helps would-be entrepreneurs to get a jump start on launching a business.
- H&R Block is number six on Entrepreneur's Franchise 500, offering tax preparation and electronic filing services.
Hotels offer many opportunities for franchisees interested in becoming involved in the hospitality industry. Such well-known chains as Days Inn and Super 8 are top franchises in the U.S. Sites such as justhotelfranchises.com list a broad range of hotels ranging from the top names to more niche-oriented chains.
Car and Auto Franchises
Car and auto franchises are meet the needs of consumers who must depend on reliable transportation and include collision repair (Maaco) and auto parts (Napa).
Printing and Postal Services
Franchises that serve the needs of consumers and small businesses when it comes to reproducing services (FedEx Kinkos), mail distribution (Pak Mail) and package delivery (the UPS store) continue to be popular despite the growth in e-mail and online marketing.
As the baby boomers enter their elder years, senior care franchises are booming. According to the U.S. Census, by 2030, this industry could represent a £318 billion market. Opportunities exist in both medical and non-medical areas such as housekeeping, grocery shopping and meal planning.
- Hotels offer many opportunities for franchisees interested in becoming involved in the hospitality industry.
- Franchises that serve the needs of consumers and small businesses when it comes to reproducing services (FedEx Kinkos), mail distribution (Pak Mail) and package delivery (the UPS store) continue to be popular despite the growth in e-mail and online marketing.
Americans love their pets and pet franchises offer opportunities for entrepreneurs to capitalise on this. Franchise opportunities range from cleaning and grooming services, to the sales of pet accessories to animal training. Franchise opportunities include Dogtopia, DoodyCalls and Fetch.
Health and Fitness
Health and fitness are growing concerns for Americans and, with rising levels of obesity and impacts on health, wellness and insurance costs, this is likely to be an area of continued growth. Franchise opportunities range from gyms to bodybuilding, to exercise classes and fitness clothing, equipment and accessories.
The green movement and concern about environmentalism has resulted in franchise opportunities ranging from products (stationery and eco-friendly gift items) to cosmetics and building products.
Leigh Richards has been a writer since 1980. Her work has been published in "Entrepreneur," "Complete Woman" and "Toastmaster," among many other trade and professional publications. She has a Bachelor of Arts in psychology from the University of Wisconsin and a Master of Arts in organizational management from the University of Phoenix.