CNBC:
Recessions tend to be a boom time for franchising, as the unemployed unleash their entrepreneurial spirit and start their own businesses. But the depth of this recession and a lack of credit has the number of franchised businesses shrinking this year.
Despite the tough climate, some franchises are continuing to make strides. Among them is the Subway sandwich chains, which once again tops Allbusiness.com‘s franchise rankings.
The sandwich chain’s growth is being supported by two trends, according to Rieva Lesonsky, editor-at-large and franchise adviser for AllBusiness.com.
First, Subway has been very supportive of potential new franchisees by helping them find new sources of capital.
Subway also is part of a popular category. As consumers have looked for less expensive options for eating on the run, sandwich shops have boomed, Lesonsky said. Read more.
