Hot Franchises

Buy a Popular Franchise

It should come as no surprise that restaurants, particularly fast-food restaurants, are among the most popular franchises for sale. Nearly 40% of franchises are fast-food restaurants, but many other well-known brands and business types are available for franchising as well. In addition to restaurant brands like Subway and McDonald’s, other salons like SuperCuts and services like Jani-King are some of the largest franchises in the U.S.

What’s great about investing in a franchise that is already a household name is that you are likely already familiar with the brand and its business practices. Using your experience as a customer to guide you, you can choose a company whose values are in line with your own. Not only is there something particularly exciting about partnering with a company you already know and love, but companies that are popular among prospective business owners tend to be popular with customers, too.

For first-time or experienced business owners alike, buying a franchise is a path that takes much of the guesswork out of owning a business. When starting a business from scratch, the owner is responsible for coming up with a promising business concept, researching the market and learning to adapt to it, identifying and obtaining the tools and training they’ll need to succeed, building a brand, and much more. Not all prospective business owners have the background, time or resources to take on all of that for themselves, and even fewer are prepared to take on that level of risk. The benefit of buying a franchise is that owners are buying into an already established company that has not only already attained success but is willing to share their success by passing on essential business tools to its franchise partners. While risk is always to be expected in owning a business, choosing to buy a popular franchise is one way that business owners can increase their peace of mind and likelihood of success.

For first-time or experienced business owners alike, buying a franchise is a path that takes much of the guesswork out of owning a business.


Sources:

  • https://en.wikipedia.org/wiki/Franchising#Largest_franchised_chains
  • https://www.sba.gov/blogs/why-are-food-franchises-so-popular

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