Our small business franchises have proliferated in our economy over many years. Burger King, McDonalds, Car Dealerships and many others are franchised. A franchise is based on a very successful business model and it allows the participants to build their business and enjoy success. Most of the better franchise companies have an easy to replicate business model and are prepared to help the new franchisee to a great extent to get established.
Before making that transaction and actually before looking at any small business franchises the prospective owner is going to have to do a substantial analysis of his personal preferences and abilities. Some things that he/she will have to consider are personal skills and aptitudes, commitment to resolving whatever problems may arise, willingness to put in long hours at the expense of family time, financial capacity and the potential for job satisfaction.
Re/Max, the real estate franchise was a small business idea that has exploded, providing great benefits to the public, to the sales people and to the brokers. Without a doubt this company has transformed the real estate industry across North America. What started out as a small business has evolved into a huge marketing success.
The range of businesses that are franchised is huge going from photography to eating establishments to pet care to consulting, advertising, vending, there are franchises for too many types of businesses to list here.
There are considerations about the franchise that you may want to look into. You may want to find out what the competition is, are the products going to be available in future, the quality of the brand name, the financial success of other franchisees.
Many franchises are excellent small business ideas and it is well worthwhile to spend time investigating this as a path to your future.