To folks unfamiliar with the true scope of franchising, fast food restaurants are the cornerstone of franchise ownership. Not surprisingly, we receive many queries about specific fast food brands from the ubiquitous McDonald’s, Subway, and Dairy Queen to more regional favorites like White Castle, Culvers and Aroma Joes.
In our research, we’ve found that many Food & Beverage franchises struggle to maintain strong franchisee satisfaction. Still, there are a number of brands that stand out among the rest, some outperforming the industry benchmarks year after year.
What’s particularly interesting is when a brand manages to maintain a great reputation and earn loyalty among its customers also receiving high ratings from its franchisees in terms of the training and support provided, brand leadership, financial opportunity, and more.
You want to be a franchise owner, but you also want to work from home, make your own schedule, AND bring in a serious income. It may seem like you’re asking for a lot, but that kind of ambition is exactly what draws many entrepreneurs to franchising.
We sometimes receive questions from franchise seekers about why we don’t have certain big name franchise brands listed on our website. The answer is not the same for each brand, but it’s important to note that the brands we DO feature meet several criteria:
In many cases, a franchisee’s personal income is significantly lower than the profits that their business might generate. This is due to a variety of things including loan payments, required business reinvestment, and taxes; all of which get paid out business profits before a franchise owner can ‘pay themselves.
The three most common factors in workplace engagement: A meaningful vision of the future; a sense of purpose; and great relationships.
A new report prepared by Franchise Business Review for the International Franchise Association (IFA) highlights the effect that the VetFran initiative has had over the past 4 years. Since 2011, over 200,000 U.S. military veterans have started careers in franchising, including employment at franchise businesses, franchise ownership, employment at the corporate franchise level, and employment…
In the early stages of franchise research, finding the exact information you’re looking for can be challenging, but when you add to it the reality that many resources are biased toward promoting particular ideas or brands, it’s nearly impossible. What good is information if it’s only half the information you need? Here are several resources…
Entrepreneur Magazine was on-hand at the IFE (International Franchise Expo) event in New York City. While there, they spoke with several different franchisors about what it takes to be a successful franchisee. The video above features some of these conversations, and reiterates a common theme: Franchising is not for everyone. That being said, there are some excellent…