Top Franchises For 2007
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Top Franchises for 2007
Introduction
When you've decided that buying a franchise is the right business opportunity for you, the next step is choosing the right one. Your decision will likely consider various factors, primarily the potential for profitability.
Useful Resources
There are several resources available to help potential franchisees find the perfect fit. One example is the Franchise 500 list by Entrepreneur.com, which ranks franchises using objective criteria such as financial strength, growth rate, years in business, start-up costs, and more. All data is independently audited for accuracy.
Franchise 500 Highlights
The UPS Store/Mail Boxes Etc. stands out as the largest retail shipping and business service franchisor worldwide. Acquired by UPS in 2001, it launched The UPS Store in 2003 and quickly grew to over 5,000 locations by 2004, maintaining the top spot in its category for 16 consecutive years.
Franchise 50 Awards
Another valuable list is the Franchise 50 Awards by the Franchise Business Review, which ranks franchises based on franchisee satisfaction. This list is useful for gauging long-term profitability and contentment.
Franchise 50 Highlights
- FASTSIGNS: Specializes in custom signs and graphics with nearly 500 locations, boasting average gross sales of $620,000 per store.
- Synergy HomeCare: Offers non-medical in-home care, providing comprehensive training and ongoing support for franchisees.
- 1-800-GOT-JUNK?: A rapidly growing junk removal service seeking driven franchisees for a new niche.
- i9 Sports: Runs youth sports programs with low start-up costs, offering franchisees the flexibility of working from home.
- CertaPro Painters: Part of the $100 billion home services industry, offering comprehensive training and strong franchisee support.
- Matco Tools: Provides professional automotive equipment without franchise fees or real estate investment, supported by a thorough start-up package.
Final Thoughts
This brief overview illustrates the diverse opportunities in franchising. By leveraging the tools and resources mentioned, you can find the franchises that excel in profitability and satisfaction. The final step is choosing the franchise that best aligns with your personal business goals.
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