Franchised establishments are everywhere, starting with those ubiquitous multinational conglomerates – McDonalds and Krispy Kreme, for instance.
But with the recession over and capital markets slowly opening up, small businesses with big ideas and bigger growth plans are making their way across the U.S. by franchising their concepts to entrepreneurs, layoff victims or early retirees looking for a second career.
Not every franchise can go national, and Steve Olson, publisher of Franchise Update, says potential buyers are well advised to look for signs of strength, including: Good leadership from someone who has embraced their role evolving from, say, pizza maker to CEO; A compelling concept; Franchisee satisfaction; Good brand marketing. Click here to read full story.