Gone are the days when corporate layoffs came as a surprise. With global economic downturn forcing companies to tighten their belts, many employees find themselves suddenly on the hunt for new sources of income. If you were recently laid off and have been exploring different business opportunities, franchising may be a great option for you. Purchasing and operating a franchise can be a great choice for those looking to become business owners without having to start from scratch. To help you on your journey of becoming a franchisee, we’ve compiled some of the most often asked questions about the best franchises to own.
What are some of the best franchises to own?
One of the top franchises to own is McDonald’s. With nearly 40,000 locations worldwide and a long track record of success, it’s no surprise that McDonald’s is one of the most recognizable franchising brands in the world. For potential franchisees, McDonald’s offers comprehensive training, attractive pricing, and ample opportunities for growth.
Another top franchise to own is Subway. With over 43,000 locations in 111 countries, Subway has a well-established presence in the global restaurant industry. Subway’s straightforward franchising model is suited for business owners of all backgrounds, making it a great option for those looking to enter the restaurant industry.
7-Eleven is one of the top convenience store franchises on the market. With 65,000 locations spread throughout a dozen countries, 7-Eleven is one of the largest convenience store chains in the world. Growing quickly in popular markets like China and India, investing in a 7-Eleven franchise could be a great way to get in on a booming industry.
What are the best franchise opportunities for those with no experience?
If you’re looking to start a franchise without any prior experience, The UPS Store is a great option. With over 5,000 locations in the United States and Canada, The UPS Store has become one of the top franchising opportunities for investors of all levels. As a franchisee of The UPS Store, you’ll receive comprehensive training, access to a variety of products, and guidance to build a successful business.
If you’re an aspiring entrepreneur with an eye for fashion, Relax the Back may be just the franchise for you. Relax the Back is a retail franchise that specializes in furniture and massage products. Franchising with Relax the Back gives you the opportunity to provide customers with high quality products while building your business.
If health and wellness are your passion, then supplementing your income with a Juice It Up franchise may be the perfect move. As one of the top smoothie franchises in the United States, Juice It Up provides a comprehensive business model and high quality products. Becoming a Juice It Up franchisee allows you to follow your passion while making a great living.
What are the advantages of buying a franchise?
Franchising provides many benefits for those looking for a long-term investment. One of the great advantages of buying a franchise is the specific business model and operations that you get as part of the package. All franchisees with the same brand get the same guidance, training, and support throughout the process.
Another advantage of franchising is the support you get from the franchisor. A franchisor acts as your business consultant, providing strategic insight and advice to help you run your business effectively. This support is especially beneficial to those with limited experience in business operations.
Lastly, purchasing a franchise provides instantaneous brand recognition. This means that you don’t have to create a name and invest time and money into building brand recognition. Instead, you’ll be able to leverage the established brand and products to reach new customers quickly.
These are just a few of the most common questions about the best franchises to own for those looking to get into business ownership after corporate layoffs. There are many other advantages, such as the potential for faster growth and the benefits of buying an existing business. To help you find the right franchise that fits your experience, passions, and ambitions, reach out to a qualified franchise consultant who can guide you through the process.