AllBusiness.com Announces Second Annual AllStar Franchise Rankings

Benzinga:

AllBusiness.com, Inc., a leading online resource for businesses, today revealed the second annual “AllBusiness AllStar Franchise List” that ranks the top 300 franchises for 2010.
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Past recessions often caused a boom in franchising, as the unemployed tapped into their entrepreneurial spirit and started new businesses. This recession, however, marked by drastic reductions in credit and capital, is completely reshaping the franchise industry. The total number of franchises for 2009 is expected to decline by 10,000, or 1.2 percent, and more than 60 franchises dropped off the AllStar list.

Those franchises ranking high on the 2010 AllBusiness AllStars list have responded to the credit crunch by finding new sources of capital and have spurred growth by expanding overseas. Winners include: Subway ® (#1), McDonald’s ® (#11) and Pizza Hut ® (#24).

As a result of decreased consumer spending, franchises offering needed products and services at significantly lower costs heavily populated the top 100. Businesses such as Liberty Tax Service ® (#2), Jazzercise ® (#3), Great Clips ® (#20), and Home Helpers ® (#32), have seen an upswing in business due to the increased need for low-cost options for non-discretionary products and services.

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