Some of the world’s most globally recognised companies have been built on the franchising business model. Fast food giants Subway, McDonald’s and KFC are all run and steadily expanding on the franchising principle, as are Burger King and Pizza Hut. Respectively ranking at numbers one, two, three, five and six in the world’s Top 100 Franchises for 2012 (Franchise Direct), it is clear that becoming a franchisee in popular food products is a wise and sound investment.
Beloved household names
At number 15 in the same Franchise Direct rankings list is Baskin-Robbins, the world’s favourite and most successful retailer of ice cream and frozen dessert products. There are presently a few exciting UK franchise opportunities with Baskin-Robbins for entrepreneurs and investors in selected regions. Like McDonald’s, Baskin-Robbins was founded in California back in the 1940s, and in the second decade of the 21st century has become a well-established and beloved household name.
Everyone must eat!
As six of 2012’s Top 10 global franchises are retail food outlets (Franchise Direct), there may be a public perception that the concept of franchising pertains specifically to food. Other highly successful products and services franchised around the globe include car rental (e.g. Hertz) and hotels (e.g. Hilton). However, not everybody drives or stays in hotels, but everyone must eat, so potential franchisees should always seriously consider any available franchise opportunities in this extremely safe market.
Compare The Financial Markets
As with any business start-up, adequate finance is required, not to mention an in-depth knowledge of the sector, and the potential pitfalls and stumbling blocks. Thorough research is an absolute must and professional advice is invaluable.
At Compare the Financial Markets we understand the franchise business and can provide the information you require to make a success of your franchise choice.
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