Top 10 Franchises for 2010
With economic imbalances all over the world, people have started to question whether or not investing in a franchise is the right path for them. Several of the topin the world have remained strong during the global recession. They have proven the point that it is generally safe to start a franchise business, especially if that franchise has been around for a number of years and has demonstrated a proven track record of profits. The following top 10 list has been complied for 2010.
Subway is undoubtedly one of United State’s fastest growing . In the US, the number of for Subway is around 22,000 and in other parts of the world, the number is around 10,000. These Subways are generally placed in very small areas of the city which demonstrates their great marketing ability. Subway continues to open new franchise locations weekly in 2010, which makes it the number 1 pick for this year.
McDonald’s has about 12,221 US franchise locations, 1,070 Canadian , 12,510 foreign , and 6,357 company-owned . McDonald’s has a well-known marketing and advertising campaign which makes a McDonald’s franchise worth $995,900 to $1,842,700 with $45,000 in franchise fees.
7-Eleven, Inc., which was started in 1927 by Joe C. Thompson, has now opened their convenience stores all over the world. The start-up cost for a 7-11 franchise is $40,500 to $775,300 with additional franchise fees of $10,000 – $611,600. 7-11 has over 30,000 stores in the US and all over the world.
4. Hampton Inn
Hampton Inn come in fourth in the list of top . With the advent of recession, business men and women have had to find an alternative to five star hotels for business and vacation travel. Hampton Inn, a mid-price hotel chain, has proven themselves to be the best alternative. Hampton Inn has around 1,595 in US and about 70 locations elsewhere.
5. Super Cuts
Super Cuts has around 1,027 US and one Canadian franchise. Super Cuts have been opened in many strips malls, and have a generally slow growth rate. But their growth is steady and they have being doing very well over the years.
6. H&R Block
H&R Block is in the field of tax preparation and electronic filing. They have around 3,999 US , 418 Canadian and 85 foreign all over the world. So, they stand in the sixth position of the top ten .
7. Dunkin’ Donuts
Dunkin’ Donuts, famously known for their coffee, doughnuts and baked goods comes in seventh place for the top 10 franchise list. Dunkin’ Donuts has around 6,400 in US and 8,800 in other parts of the world. They are expected to grow huge in the next ten to twenty years.
8. Jani King
Jani King has been one of the best based of their proven track record of success. They have around 12,000 all over the world and 11,000 within the US. Their motto, “Everyone needs to be clean” suits them well as they are a commercial cleaning business.
Servpro is a painting business that was started way back in 1967. They offer services like cleanup, repairs and disaster restoration. With around 1,500 in the US, they take the ninth place in the list of top .
10. ampm Mini Market
ampm’s are popular amongst college students for their beer and hot dogs. They have around 3,000 all over the world with an additional 1,100 in the US.
Could investing in one of the top tenbe a lucrative endeavor for you?