Franchising: A New Business Opportunity

Great Opportunities For Franchising The first and foremost responsibility of any individual interested in franchising business is to gain deeper understanding about it. Only then a person will be able to explore new opportunities and can run a successful franchising business. In order to develop a clear understanding about it we have explained franchising business as a form of business in which the owners “franchisors” sell their rights such as business name , logo, and model to a third entity, called a “franchisee”.

This type of business is very common, in which companies gives right to another individual and group to market their products. There are more than 120 different types of franchising businesses that are running all over the world and majority of time people are interested in investing in fast food businesses. McDonald’s, Pizza Hut, Subway and KFC are some of the common examples of franchising we have seen around us. In addition to fast food businesses other forms of franchising are providing great opportunities for franchisees to congregate different business interests by representing a huge variety of options for them.

Cleaning services as a business has also taken lead among other types of franchising business and is representing high percentage in the different states of America. Some of the famous cleaning services are provided by Jani-King, Servpro and Stratus Building Solutions.

Travel and tourism including hotels are also offering opportunities for franchisees who are interested in hospitality industry. Some of the well known franchisees of United States related to this industry include Super 8 and Days Inn. Providing services related to finance and accounting is another type of franchising, which falls under financial services provided by people who are good at accounting and want to capitalize on famous brand names. Such franchisees provide assistance to both businesses and consumers. Similarly car and auto franchises are gaining popularity that provides services including acquisition of auto parts and collision repair.

Printing and postal services franchising business is another form of franchising which is quite well known for serving the needs of consumers and small businesses. These services include mail distribution (Pak Mail) and package delivery (the UPS store). Irrespective of online marketing and electronic mail, these services are continued to be one of the famous franchising business.

Majority of American love pets and opportunities like pet franchises always fascinates entrepreneurs to capitalize from such businesses. In these businesses, franchisee offers grooming and cleaning services along with foods and accessories required by pet owners.

Furthermore bodybuilding and gyms provides a wide range of opportunities to entrepreneurs to invest in this business as people are quite concerned regarding their health and wellness. Exercise classes, fitness equipments, accessories and clothing offers continued growth opportunities for franchisees.

Reference: http://www.researchomatic.com/New-Research/Franchising-86306.html