New Franchises Find Formula For Success

NuWire Investor:

Franchising is still very popular throughout the U.S., and some entrepreneurs are looking to expand as more banks begin to thaw out and free up investment capital . Experts say to look for key ingredients to success when choosing a franchise, like businesses with eye-catching concepts, CEOs that started at the bottom, franchisee satisfaction and smart brand marketing. The restaurant industry is typically thought to dominate franchise options, but new niches include upholstery repair, pet care, weight loss and crisis management consulting. For more on this continue reading the following article from The Street.

Franchised establishments are everywhere, starting with those ubiquitous multinational conglomerates — McDonalds(MCD) and Krispy Kreme(KKD), 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… read on.

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