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Franchise Business Buyer's Guide
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.
| Retail |
Service |
Automotive
Fast Food
Health and Beauty Products
Clothing and Shoes
Convenience Retail
Florists
Furniture
Jewelry
Household Products
Laundry and Dry Cleaning
Pet Supplies
Retail Foods
Sports and Recreation
Table Service Restaurants
Wholesale/Distribution |
Advertising and Promotion
Bio-Environmental Services
Building and Construction
Business Services
Children's Services
Cleaning and Janitorial
Computer and Internet Services
Dating Services
Financial Services
Fitness and Weight Control
Home Inspections
Landscaping
Home Services
Travel and Lodging |
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- 24-hour fitness center
- All-you-can-eat pizza buffet
- Auto repair & maintenance services
- Coffee, doughnuts, baked goods
- Commercial cleaning
- Convenience store
- Cosmetics studio
- Cruise/tour travel agency
- Dance/exercise classes
- Drive-in restaurant
- Economy motels
- Eye-care center
- Family hair salon
- Fast oil change
- Fast-casual Mexican food
- Fast-casual Southwestern food
- Fitness center
- Frozen yogurt & soft-serve ice cream
- Full-service family restaurant
- Full-service hair salon
- Gourmet sandwiches
- Hand-rolled soft pretzels
- Health services & weight-loss counseling
- Hotels, inns, suites, resorts
- Ice cream, frozen yogurt, frozen beverages
- Income-tax preparation services
- Insurance & financial services
- Internet services
- Italian ices, frozen custard, gelatin
- Lawn, tree & shrub care; pest control
- Mobile pet grooming
- Personal fitness training
- Pizza, breadsticks, buffalo wings
- Pizza, subs, salads
- Quick-service Mexican restaurant
- Real estate brokerage, auction & marketing services
- Residential cleaning
- Smoothies & healthy products
- Soft-serve dairy products & sandwiches
- Specialty ice cream, frozen yogurt, ices, sherbert
- Travel services
- Vitamin & nutrition store
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