People often equate franchising with food, but it is so much more!
A franchise is an established business with a proven concept that can be easily and successfully replicated by others, operated by license.
There are concepts for those that enjoy working from home and concepts for those that relish being out and about, concepts for brick-and-mortar retail establishments and concepts for traditional office spaces, concepts for direct-to-consumer models, and concepts for business-to-business setups. The franchise owner can be all in as an operator or completely hands-off as they let others do the heavy lifting for them. There is quite literally something for everyone.
Franchise Opportunities: Your Guide to Business Ownership
Franchises are represented across sixty industries, here are just a few:
Automotive
Financial Services
Home Services
Child Development
Fitness
Commercial/Residential Cleaning
Food/Beverage
Sports
Computer Services/Technology
Pets
Travel
Fun Facts
More than 8 million Americans are employed due to franchising.
There are over 750,000 franchise units across the United States.
Martha Matilda Harper, an entrepreneur who ran a salon business, opened one of the first franchises in 1891. She provided franchisees with training and branded products, eventually growing the system to over 500 salons and cosmetology schools.
McDonald's is the world's largest franchise network with an incredible $89 billion in global sales. Despite increasing competition, it has held on to this spot every year since the rankings were first released in 2000. To put this size into context, it is larger than KFC, Subway, and Burger King combined.
Gold’s Gym was among the first companies in the fitness industry to become a franchise.
Marriott is the largest hotel franchise. The brand first launched back in 1927 with a "motor hotel" or motel and a root beer stand. Today Marriott's annual revenue tops $14.5 billion with locations in 110 countries.