The small business franchise has become one of the most popular ways to almost guarantee success when opening a business. With endless possibilities, people are grabbing onto the small business franchise concept, and are making a good amount of money doing it. However, simply jumping on board any type of small business franchise is not a good idea.
Pick up a Franchise You are Passionate About
When looking for a franchise you first want to make sure that you have a good initial relationship with the company. Next, figure out whether or not the company offers direct training programs and the knowledge you need to have a successful franchise. Make sure the marketing programs that the franchise offers will succeed in getting the word out about the business. Be positive that they will assist with financing if it is needed and have a solid financial background. The franchise system needs to work with you in order to guarantee success. Finally, make sure that the litigation history is minimal for that particular franchise. You want to make sure that they company deals with variance well, and doesn’t litigate at every chance it gets.
The Top Small Business Franchises
The list of small business franchises is extensive, but here are some of the top ones that are turning a profit:
-
- Subway – A classic staple of the sandwich world, Subway is spreading throughout the country and shows no signs of slowing.
-
- RE/MAX – The always popular real estate company RE/MAX has made its way to the top of the list of small business franchises with franchises everywhere across the U.S.
-
- McDonalds – With one on every street corner, McDonalds is kind of hard to miss as one of the most popular small business franchises.
-
- Dunkin’ Donuts – with donuts, coffee, sandwiches, and more, you can’t really go wrong with this one.
-
- 7-Eleven – The convenience store that has it all has jumped up to the top of the list as well.