Franchise Industry News

ALLSTATEFF.COM Receives Prestigious Franchising Award

Franchise experts All State Franchise Finders has been awarded the prestigious Best Franchise Investment Consultancy Firm 2023. Best Franchise Investment Consultancy Firm 2023 - USA All State Franchise Finders, a leading franchise consultancy company, has been honoured with the prestigious “Best Franchise Investment Consultancy Firm 2023 – USA” award at the ninth annual Fund Awards organized by Wealth and Finance International. The Fund Awards, known for recognizing excellence and innovation in the financial industry, received an overwhelming number of nominations from around the world this year. ALLSTATEFF.COM stood out among the distinguished nominees and successfully navigated the rigorous merit-driven research and judging stages to secure this coveted award. “We are excited to receive this award for Best Franchise Investment Consultancy Firm 2023 from Wealth and Finance International,” says Derek Cafferata, President and CEO of ALLSTATEFF.COM. “This recognition reflects our commitment to providing exceptional consultancy services to both franchisors and franchisees...

Read More

Franchising Equals Business Success

Franchising offers huge benefits for those looking to come successful business owners. Here, franchise expert Derek Cafferata shares how franchising equals business success. For several decades now, the franchising business model has been a prominent avenue for entrepreneurs to achieve success within the business world. With its proven business method, franchising offers a wide range of benefits that significantly increase the likelihood of success for those individuals who are seeking to venture into the world of business ownership. Here, Derek Cafferata, President and CEO of franchise experts All State Franchise Finders, shares some of the reasons why franchising equals business success. Established Business Model One of the key factors that makes franchising a recipe for success is the existence of an established and proven business model a new business owner can rely on. Franchisors spend years refining their operations, systems, marketing strategies, customer service and products before launching into franchising....

Read More

Franchising and Earth Day

A partnership in sustainability, franchising can play an important role in supporting Earth Day and our environment, from local to global. Franchise expert Derek Cafferata shares his thoughts. Celebrating Earth Day Earth Day is an annual event celebrated all over the world on April 22. It is a day were individuals, groups, organizations and businesses can demonstrate their support for the protection and preservation of our environment. As we celebrate Earth Day, it is important to recognize the role that franchising can play in promoting sustainable business practices. Franchising as a Proven Business Model Franchising is a business model where a business owner, the franchisee, buys the rights to use the trademark, products, systems and business model of an established brand, known as the franchisor, in exchange for a fee. There is usually an up-front purchase costs, known as the initial franchise fee, and ongoing monthly royalty fees, as well...

Read More

Franchising and Black History Month

February is Black History Month and here we take a look at franchising and the role it has played in Black history, from business role models to economic empowerment, to business ownership. Black History Month Black History Month is an annual observance in the United States, and around the world, that celebrates the history, contributions and achievements of those within the Black community. Here in the U.S and in Canada Black History Month is celebrated in February. Its roots are based in the celebrations of Negro History Week, which dates back to 1926 and was a week-long observance that fell in February to coincide with the birthdays of two important figures in Black History Abraham Lincoln and Frederick Douglass. In 1976, Negro History Week was expanded to Black History Month, and was officially recognized by the U.S. government. Since then, Black History Month has been celebrated each year with various...

Read More

2022 Top 10 Franchise Brands

When looking to become a business owner, franchising offers so many advantages. Choosing the right franchise to suit is an important decision. Here is a list of the top 10 franchise brands of 2022. 1. Taco Bell With more than 7,000 locations across 30 different countries, Taco Bell is known for serving great-tasting Mexican-style food and offering customers fast service and good value for money. Founded in 1962 and franchising since 1964, it is easy to see why Taco Bell is a recognised brand across the globe. Consistently ranking highly in any list of top franchises to purchase for the past few decades, buying into a Taco Bell franchise is for the serious entrepreneur and requires the franchisee to meet some net worth and liquid capital requirements, and initial investment is usually between $500,000 and $3.5 million. 2. The UPS Store The UPS Store has more than 40 years’ experience...

Read More

Top 5 Franchise Brands for Veterans

It is widely known that veterans make for some of the best franchise owners. The skills and experience they have developed throughout their time in the military lends veterans towards being great business owners within the franchising industry. In particular, veterans bring to a franchise business an excellent ability to build team, manage and prioritize effectively, lead clearly and they have a great desire to serve others. Derek Cafferata, CEO and President of franchise experts All State Franchise Finders, works with many veterans who are looking to get into business after their time in the military. “Some franchises look to actively seek to recruit veterans as franchisees,” says Derek. “It is these franchises that see the value and effectiveness that veterans offer in business, and these franchises have some great incentives specifically with veterans in mind.” Here are the top 5 franchise brands for veterans: 1. The UPS Store One...

Read More

Franchising in the Middle East and North Africa

Keen to draw international companies to the region, the Middle East and North Africa is one market you should consider if looking to expand your franchise. A Thriving Market With a growing population of around 315 million people, the Middle East and North Africa (MENA) region offers exciting business opportunities for companies looking to expand into new markets. The gross domestic product of the MENA region sits at around $1.4 trillion, which means it comes as no surprise that the Middle East and North Africa has become a global hotspot for franchising. Franchises from the United States, United Kingdom, Canada, France, German, and Australia are commonly found throughout this area. “Franchising is a cost-effective and low-risk way to expand into a new and emerging market,” says Derek Cafferata, CEO and President of franchise experts All State Franchise Finders. “More and more companies are keen to grab business opportunities that are...

Read More

Franchising in the UK and Europe

For any successful U.S. franchise, the next logical step to expanding further afield is moving into the United Kingdom and Europe. Franchise expert Derek Cafferata shares some insight on this. Powerful Economies Europe is the world’s third-largest economy by nominal terms, with a Gross Domestic Product (GDP) of $16.6 trillion as of 2022. The United Kingdom is the fifth-largest economy, with a GDP of almost $3.2 trillion. Combined, these two markets represent almost one quarter of the world’s economy. These huge markets offer significant expansion opportunities to companies who have already made successful expansion within the United States. From a world stage perspective, the UK and Europe are a logical step when considering international franchise expansion due to their long-standing stable markets. While China does offer a larger marketplace, it also brings some unfamiliarity with it in terms of business. Hence the attraction for many companies to head to Europe...

Read More

ALLSTATEFF.COM – Your Award-Winning Franchise Expert

Buying a franchise is a big decision – one that needs careful consideration and expert advice. That’s where award-winning franchise experts ALLSTATEFF.COM can help. What is a Franchise? Franchising is one of the most popular business models throughout the world. It is where the owner of a company, the franchisor, allows a business owner, the franchisee, to own and run a business that shares the franchisor’s brand identification, their successful method of doing business and their proven marketing and distribution systems. A franchisee works within guidelines to run the business under a particular brand name and style. While responsible for the success of his or her business, the franchisee benefits from significant support and proven business structure, systems and strategy from the franchisor. Franchise Industry Experts All State Franchise Finders has more than 30 years’ experience in the franchising industry. President and CEO, Derek Cafferata, has an extensive business career...

Read More

The Importance of People in Franchising

Franchising is a great way to get into business for yourself, but not by yourself. Franchise expert Derek Cafferata shares the importance of people in franchising. The Support Network of Franchising Franchising is one of the most successful, and most popular, business models in the world. A franchise offers entrepreneurs the independence of being a business owner with the support and benefit of being part of a larger network. Franchising offers several benefits over starting your own business from scratch. One of the main advantages of franchising is that business experience is not essential to become a franchise owner. As a franchisee, you have a large support network of people around you who offer training, advice and guidance to help run your business successfully. Advertising and marketing, operational systems, accounting and legal processes and management frameworks are just some of the aspects of business that a franchisee has a great...

Read More

Franchising in the US

Franchising continues to go from strength to strength as one of the best options for anyone looking to get into business for themselves or expand. Here’s some interesting facts on franchising. Franchising is one of the most popular business models in the United States, and around the globe. Some of the world’s biggest companies like McDonalds, Subway and Century21 are franchises. A franchise is where a company licences another business owner to operate under the name and branding of that parent company. The parent company is the franchisor and the company trading under the franchisor is known as the franchisee. Franchising Statistics According to statistics, it is estimated that there are more than 753,000 franchise businesses across the United States, employing over 7.5 million people. The largest segment of the franchising industry is the fast-food industry. Of the $670 billion output from franchising, the fast-food segment has a total economic...

Read More

Pride Power and Franchising

The LGBTQI+ community is a powerful force and franchise owners will benefit from embracing this strong, diverse group. Showing support for, and of, the LGBTQI+ community is key. The Power of the LGBTI+ Community Referred to as pink money, the pink economy, pink market or rainbow capitalism, the LGBTQI+ community is strong, intelligent, influential and keen to spend their hard-earned cash. It is reported that the purchasing power of the LGBTQI+ community globally is approximately $3.7 trillion. For an emerging community, it is great to see. As stereotypes gradually diminish and our society becomes more educated, the LGBTQI+ community will only grow from strength to strength. All of which is positive news for business, our society and our economy as a whole. For the gay community, pink money brings with it financial self—identification, offering LGBTQI+ individuals a community to feel apart of and to feel valued and recognized. Along with...

Read More

Franchise Businesses that Out-Perform in a Recession

If you’re an entrepreneur looking to invest in business but hesitant with the speculation of a recession on its way, here’s four franchise business ideas that are likely to out-perform in a recession. Business During a Recession For many businesses, a recession is a difficult period to survive. The first thing people stop buying are non-essential goods and services like fashion retail, luxury items and restaurants. An economic recession then leads to companies having to scale back wherever possible, make cuts to staffing numbers. A reduction in turnover leads to a reduction in profit and when this happens, especially for an extended period of time, it can be very difficult to bounce back from. A recession-proof business is one that provides goods or services that are everyday essential items. These businesses tend to suffer little effect during an economic downturn. Derek Cafferata, CEO and President of franchise experts All State...

Read More

Inflation & Franchising

Inflation has its advantages and disadvantages. For business, it’s franchising that sits strong when the economy experiences an inflationary rise. In its most basic terms, inflation is when the prices of everyday goods and services increases. For consumers, the dollar buys less and the cost of living rises. Inflation is described as a percentage and the two commonly used indexes used are the Consumer Price Index (CPI) and the Wholesale Price Index (WPI). The WPI is the increase in price of bulk goods at a wholesale level. CPI is the increase in prices of products and services at a customer level. When the WPI increases, usually the CPI will follow because, eventually, the customer will be the one who covers this increase in price. According to the U.S. Bureau of Labor Statistics (BLS), the Urban Consumer CPI increased 7.5 percent between January 2021 and January 2022. Advantages and Disadvantages of...

Read More

Rising Interest Rates and the Effects on Franchising

While rising interest rates are usually viewed with negativity, it is not all doom and gloom when it comes to rising interest rates and its effect on franchising. While rising interest rates are usually viewed with negativity, it is not all doom and gloom when the Federal Reserve gradually increase the base rate. And while many businesses might shudder at the thought of incremental rises across the coming 12 to 24 months, what it really needs is for business owners to be aware of what is happening in the economy and understand what this means for franchising and for their industry in particular. The Sign of a Healthier Market Rising interest rates are usually the response to a rising market. As the economy improves, interest rates increase. When the economy is in decline, interest rates reduce. There is much talk of the Federal Reserve increasing interest rates because economists have...

Read More