Forbes Top 10 list of Best Franchises to Buy backs up what franchises experts ALLSTATEFF.COM believe to be a great business opportunity for any entrepreneur.
For the second year in a row, Forbes has compiled a list of the best and worst franchises to buy in 2015 and Pop-A-Lock has proudly made it into the list of top 10 best franchises to buy.
Reaching eighth position, Pop-A-Lock is the largest locksmith franchise chain in the United States. The list is compiled by data from FRANdata over a five year period, from 2009 to 2013. To compile the top 10 list, Forbes divides their rankings into three groups, based on entry cost of a franchise. The three categories include, up to $150,000, $150,000 to $500,000, and $500,000 and above. Pop-A-Lock is grouped into the first category, with a buy in cost of up to $150,000.
To gain their eighth position in the list of Forbes Top 10 Best Franchises to Buy, Pop-A-Lock have a five year growth rate of 26 percent, an impressive five year franchise continuity of 92 percent, and those statistics are across their 415 locations.
According to the International Franchise Association small business is certainly on the increase in America, and franchise businesses are leading the way. Research shows that the number of franchise establishments is expected to increase during 2015 by 1.6 percent. While that might sound like an insignificant number, it means there will be an extra 12,111 new franchise business locations opened up across the country during 2015, totalling 781,794 locations. This means an increase of 247,000 new jobs.
Franchise expert, Derek Cafferata, CEO of All State Franchise Finders, has been working with franchisors and franchisees for the past 30-plus years. He has seen firsthand the increase in people venturing into small business utilizing the framework of a franchise.
“When starting a small business, you can start something from scratch, doing the groundwork yourself, or you can take advantage of the expertise of someone more experienced than you and buy into a franchise” said Derek. “A good quality franchise offers a solid business foundation from which you can grow, it offers market experience and it also offers peace of mind.”
However, according to ALLSTATEFF.COM not all franchises are equal. When buying a franchise, Derek Cafferata believes it is important to carefully select the most appropriate business model that meets the future franchisee’s lifestyle, career goals, experience and financial position. “There are definitely good franchise opportunities as well as bad franchise opportunities,” said Derek. And he believes that Pop-A-Lock is a great franchise to consider.
The world’s largest security franchise, Pop-A-Lock has over 20 years experience in the security and locksmith industry. The company have locations in more than 7,000 cities across the United States, Canada and Australia.
All State Franchise Finders represent more than 250 franchise brands across a wide range of business sectors. With their experience and expertise, All State Franchise Finders help potential business owners select the right franchise model that best suits them.
For more information about a Pop-A-Lock franchise or any other franchise opportunity, visit www.ALLSTATEFF.COM or phone 1-800-544-2161.