Franchise Industry News

Growth of Franchising in Today’s Economy

Franchising continues to exceed projected growth expectations. Franchise expert Derek Cafferata helps explain why franchising has such a positive outlook for the future.   Franchising into 2020 and Beyond To date, 2019 has seen above expected growth within the franchising industry, growth that has continued on from the previous year. Economic stability, the current Administration, employment and consumer spending are all factors that lead experts to continue with their positive forecast for the small business sector, in particular the franchising sector.   Pro-Business Policies The current Trump Administration shows continued commitment to encouraging small business with tax relief, regulatory changes and numerous pro-business policies in order to continue to stimulate the U.S. economy and increase job opportunities and employment nationwide.   This is good news for the franchising industry which will only continue to thrive under these types of pro-business policies.   Role of Franchising in Small Business Franchising plays...

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Low-Cost Franchise Opportunities

The dream of owning your own business may be an easier target to achieve than you may think. Take a look at some of these great low-cost franchise opportunities.   Starting a business is an exciting dream for many but can also bring significant risk and great cost. However, high risk and lots of money need not be a requirement for becoming a business owner.   People are turning to franchising, realizing franchising can be the way to making the dream of becoming a business owner a reality, without risking the family home or life savings and without having a million dollars on hand.   Derek Cafferata is a franchising expert who works with everyday people who are looking to move into the business world of franchising. Derek, CEO and President of All State Franchise Finders based in Fort Worth, TX, shares his top three industries for those looking for...

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Top Franchise Opportunities for 2020

Franchising continues to be one of the fastest-growing business concepts in the U.S. Franchise experts All State Franchise Finders share their top franchise options for 2020. Dry Cleaning Services The laundry and dry cleaning industry has seen steady and consistent growth over the past several years and this trend is expected to continue. According to franchise expert Derek Cafferata, of All State Franchise Finders, one of the benefits of investing in a dry cleaning franchise is the upfront franchise costs. “Buying into a franchise can be an expensive and daunting task,” says Derek Cafferata. “A low-cost upfront franchise fee makes it more accessible for people to invest into their own franchise business.” Dry cleaning franchises are able to be run on lower staff numbers than other types of franchise industries and offer flexible options for the franchisee. There is the option to choose a mobile dry cleaning service or a...

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Brexit: Opportunity for UK Investors to Consider US Franchises

The uncertainty of Brexit has led to many UK investors considering US franchise opportunities as a viable and more stable investment option. Brexit Brexit is the term given to the United Kingdom (UK) withdrawing from the European Union (EU). Following the June 23, 2016 referendum where, by a tight majority, the country voted to leave the EU, there has been much talk and theorizing of how Brexit will affect many areas of the economy within the UK, Europe and further afield, most notably the United States. The process of exiting the EU has proven to be and will continue to be a difficult and lengthy process. During this time of uncertainty, the Bank of England has confirmed it has plans in place to support the UK’s economy. And lenders are continuing to confirm that there are no significant adverse changes expected. Despite this, some economists are talking of some difficult...

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Family Franchise Opportunities

Family business offers unique advantages, but also face unique challenges. Here are some key points to ensuring family franchise opportunities work well for everyone involved. Family Franchising The thought of starting up a business to run with family members is a common desire for many entrepreneurs and franchisees. It may be a husband and wife business combination, a sibling joint venture or a parent looking to build a business up in order to pass it on to his or her children. Combining family and business can lead to the success, or downfall, of any business. Some of the most successful businesses are family-owned and family-run companies, while other businesses suffer from poor planning and unclear family roles and responsibilities, leading to poor performance and, sometimes, failure. As a family business develops and expands, there are some unique challenges that key business leaders must face in order to ensure the success...

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Recession-Resistant Franchise Opportunities

Whether it’s in an upturn in the market or a downturn, the entrepreneurial spirit doesn’t slow down. For entrepreneurs looking to invest in a new business venture, choosing a recession-resistant franchise is the ideal option. What is a Recession-Resistant Franchise? According to Derek Cafferata, CEO and President of franchising experts, All State Franchise Finders, a recession-resistant franchise is one that is less likely to be adversely affected in an economic downturn. And a recession-resistant franchise is one that offers a need rather than a want. “In a recession, some industries see little effect, while others actually see growth,” says Derek. “A recession-resistant franchise will offer a product or service that people will always need, no matter how much finance they have or don’t have.” During an economic recession, consumers and business still spend money, they simply spend money on products and services that are necessities, not luxuries. Derek recommends future...

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Female Empowerment through Franchising

More and more females are finding their feet in franchising, carving out a career that meets business and personal goals. And the franchising industry is all the better for it. Growing Number of Females Moving into Franchising According to a report carried out by American Express, 39 percent of all private-owned businesses are owned by females. Looking at the statistics of females in franchising, between 2011 and 2017 the number of female-owned franchises rose by 83 percent, compared with a 13 percent growth in the number of male-owned franchises during this same period. Some Facts on Females in Franchising The child services sector has the highest number of female franchisees, with 51 percent, closely followed by the hospitality and travel industry with 50 percent, and retail sitting at approximately 43 percent. At the opposite end of the spectrum, the automotive industry has the least number of female franchises, sitting at...

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Franchise Opportunities for Entrepreneurs

Franchising opens many doors of opportunity for entrepreneurs. Doing business for yourself but not by yourself is a great way to kickstart your own business. Franchising Past and Present The broad concept of franchising dates back to before the 1800s, when local governments would grant particular individuals a licence to collect taxes and keep civil order. During the Colonial Period, those in power would grant protection and authority, in exchange for taxes and royalties, to people willing to set up colonies. Franchising as a business has been around for decades, with the earliest franchises including Coca-Cola, Singer and Rexall. While some of these early franchises succeeded and some failed, it wasn’t until after World War II and into the 1960s that the more modern concept of franchising, as we know it today, began to emerge. Franchising Overview Franchising is where a company (the franchisor) allows an individual (the franchisee) to...

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Single Parent Franchise Opportunities

Franchising offers many benefits for single parents looking to take control of their career, finances, lifestyle and future. Single Parents Make for Suitable Franchisees Independence, the ability to lead and great organizational skills are just some of the talents single parents possess in their everyday lives. And it is these same skills and talents that lend themselves to entrepreneurship and, in particular, franchising. Franchising is one of the most popular business models throughout the United States and moving into franchising is becoming more accessible to everyday Americans due to greater options, more flexible financing and development in systems and technologies. Franchising to Suit the Single Parent Lifestyle Managing a job, finances, children and personal life is something every single parent knows about all too well. One of the difficulties many single parents face is the need for some flexibility in their work life in order to manage family life, especially...

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Disabled Veteran Franchise Opportunities

Moving from military to civilian life can be difficult when it comes to future career options. Franchising opens many doors for disabled veterans looking for their next career opportunity. The move from combat to civilian life can be a difficult transition to navigate for many veterans, especially when it comes future career options. It is commonly recognized by franchisors that veterans make for the ideal franchise candidate. It is for these reasons that more and more veterans are moving into franchising, whether it be on an owner-operator level or as a franchise investor. Franchisors Attracting Veterans It is common knowledge within the business world of franchising and entrepreneurship that veterans make for the ideal franchisee. Veterans tend to bring with them that perfect balance of independence and leadership skill with the understanding of teamwork and the need to fit within a framework of guidelines. According to statistics from the U.S....

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Veteran Franchise Opportunities

The independence to work for themselves but within a defined framework is what appeals to many veterans. And franchisors are attracting veterans in large numbers. Veterans in Franchising on the Rise According to research by VetFran, 14 percent of franchises are owned and operated by veterans. Considering veterans comprise approximately seven percent of the population of the United States, this is an impressive statistic. Seventy percent of franchisors surveyed by VetFran confirmed they have veteran franchisees and/or employees within their business. According to the survey, 65 percent of franchisors have actively increased their drive to recruit veterans in recent times, and this figure is estimated to only rise further as more and more franchisees discover the benefits of having veterans as part of their team. Veterans Make for Ideal Franchisees Franchising requires a balance of independence and self-confidence combined with a teamwork mindset. And this is something that many veterans...

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Minorities in Franchising: Creating Stable Job Opportunities

Minority groups are jumping on board with franchising, seeing an opportunity to create stable job opportunities for themselves and others. The number of minority groups moving into the world of franchising is on the increase and this means some exciting things for both these minority groups and the franchising industry as a whole. Minorities in Franchising: The Statistics Minorities moving into franchising has been on the steady increase for the past 10 years. So much so that these “minority” groups are actually becoming the majority in many places. African American, Native American, Hispanic and Asian groups are finding a foothold in a wide range of business industries. And many franchisors looking to expand are seeing the benefit of attracting these minority groups to their particular business models. According to the U.S. Census Bureau, there was an increase from 5.8 million to 8 million businesses owned by minority groups from 2007...

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Start Your Own Franchise Business with Your Tax Refund

All State Franchise Finders share how to become a business owner with little upfront cost. When one thinks of franchising it is usually associated with significant upfront financial cost, stretching deep into the hundreds of thousands of dollars, along with high risk, the need to have prior business experience and the requirement of having a high net worth. While this may be the general rule when investing in a franchise like McDonald's, Subway or Dunkin’ Donuts, the good news is that there are a large number of smaller franchise options available that have low up-front costs, giving greater access to more people with lesser financial risk. Low-Cost Franchise Options Available Low-cost franchise options are available across a wide range of industries, including fitness, cleaning services, personal care, tax and financial advice and travel. These types of businesses are usually home-based without the need for a shop-front, require minimal staff and...

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The Importance of Financing in a Franchise Business

Financing is a key factor in the success of a new franchise. Here franchise experts share their 3 most important rules to follow when considering franchise financing. Buying into a franchise requires a solid net worth, significant up-front financial investment and enough cash flow to get the business through the start-up phase. One of the most important factors to influence the success of a new franchise venture is ensuring you have made the right decisions when it comes to financing your new franchise. And, according to franchise experts All State Franchise Finders, these decisions need to be considered before you even look at what type of franchise you wish to buy into. Derek Cafferata, CEO and President of All State Franchise Finders, believes there are three very important rules to follow when looking to finance a franchise. Plan and Prepare Before searching out any financing for a new franchise, it...

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#MeToo: The Case for Female Entrepreneurs

The number of women in business is growing & the franchise industry is reaping the benefits. Women are finding their voice, standing up & stepping confidently into the business world. While stereotypes have traditionally placed men in the leading roles when it comes to business and leadership, women for a long time have played their role in both the corporate and private business sectors. As stereotypes fade and change, so do the statistics. Numbers are showing that 39 percent of private businesses in the United States are owned by females and franchising experts, like All State Franchise Finders, are seeing a rising trend in the number of women entering into the franchise industry, either as franchisors or franchisees. “Female entrepreneurs are becoming increasingly drawn to the franchise business model,” says Derek Cafferata, CEO and President of franchising experts All State Franchise Finders. “So much so, that some franchisors are seeing...

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