Franchise Businesses Buyer's Guide
Choosing the right franchise
Table of Contents
- Introduction to franchise businesses
- Benefits and drawbacks of franchising
- Is a franchise business right for you?
- Choosing the right franchise
- Evaluating franchise opportunities
- Costs of buying a franchise
- Will franchisors choose you?
- Franchise brokers and consultants
- Franchise buying tips
- Find a Business Franchises supplier
Buying a franchise opportunity from a company with a track record of success is no guarantee that your particular franchise will succeed. Before making your decision, you need to research the industry you are considering and the specific companies selling franchises.
First, narrow down your shopping list by considering which industries your natural interests and skills align with. Here are some questions to ask:
- Would you prefer to be in retail, or provide a service?
- What industries naturally interest you?
- Are you more interested in selling to consumers, or creating business relationships?
- Do you enjoy working outdoors or in?
- Do you need the ability to work at home?
These types of questions help you decide what types of franchise opportunities to consider - see the table below for options. Once you pare the choices down to a few industries, you can start a more detailed investigation. Look at market trends in your local area - are those industries growing or not? Have new businesses like yours opened successfully, or are existing franchises going out of business?
Almost any industry you can name has franchise opportunities. Here are just some examples.
Health and Beauty Products
Clothing and Shoes
Laundry and Dry Cleaning
Sports and Recreation
Table Service Restaurants
|Advertising and Promotion
Building and Construction
Cleaning and Janitorial
Computer and Internet Services
Fitness and Weight Control
Travel and Lodging