Failing to think of that next best business the market is looking for? If you’re having a hard time finding the right business model for you, perhaps you should check out others that already work. Franchise businesses enable even the ‘Average Joe’ to start the business of his dreams. Because these franchises are already established all over the country, you can expect it to be an instant success.
For franchises, you need to pay a fee to allow you to use the trademark, name, advertising, and logo of the product or service you want to offer. It’s important to franchise trusted brands and this article aims to give you the right information to help you make better franchise decisions.
Hotel
Right on top of Forbes’ list of top franchises in the world is the Hilton Hotels. The culture of hospitality or more known as “Hamptonality” is known in all parts of the world, giving more importance to the brand. People love to travel and explore different places, and franchising a hotel allows you to tap into that market. Just last year, the Hamptons rooted franchises in London, China, and Russia. They have more than 2,000 hotels in 16 different countries. What more could you ask for?
Gym
People will always value their looks and health and this is the main draw of a gym business such as Anytime Fitness. The 24-hour gym offers some of the best gym equipment and classes to their members. So, whether you’re working on a day shift or a night shift, you can still go to the gym thanks to Anytime Fitness. Last year, the franchise signed up their 2 millionth member and opened up a staggering 300 new branches all over the country. The franchise also hit it big internationally, as it will soon open its doors in the Philippines, Hong Kong, Malaysia, and Singapore.
Food
The top food franchise, according to Forbes, is the Subway brand, proving that people today are more inclined to consume healthier food items than those found in an ordinary fast food joint. The Subway franchise has almost 50,000 locations in more than a hundred countries and the brand plans to open up another 8,000 branches this year. By being included in Walmart stores and even hospitals, the Subway ensures consumers can enjoy healthy food at an affordable cost.
Salon
Value-oriented salons like the Supercuts brand is gaining quick momentum in the market. Last year alone, almost 150 branches were opened nationwide, bringing a total of 2,500 franchisees in the country alone. Supercuts is also known to be friendly to those who are dipping their toes into business for the first time. The people who bought in to the franchise didn’t have salon backgrounds, but were attracted to the brand because of the value of the service it provides.
Business services
Franchises that offer business services are also making waves in the market. Franchise consultants recommend Servpro, a company that cleans up after personal and natural disasters. Recently, the company moved their business online, enabling more people to engage with them. By providing a service that isn’t typically found, the people from Servpro continuously add services such as the DryBook that lets technicians follow industry-standard drying techniques they can use in restoring properties faster.
