How To Find A Franchise To Buy

Franchise Business Review has researched over 1,100 franchise brands covering all business segments. The directory lets you search by industry, investment, and special interests like innovation or second-career. Franchise Business Review also offers a top 200 list. You may get value from its learning center with guides and articles for franchise beginners and new owners.

how to find a franchise to buy

This franchise website stands out from other sites because it provides excellent reviews. For each franchise, it grades them in areas such as training, leadership, core values, community, and the overall opportunity. Franchise Business Review offers a report card and score, along with a summary of the franchise. The website has unique questions and answers section for each franchise to know the business better.

Franchise Opportunities has been connecting franchisees and franchisors for over 30 years. The website is easy to use because it organizes popular franchises by industry, right on the homepage. Each franchise has extended summaries that include basic financial information, potential locations, notes on the best candidates, and whether the franchiser offers a military discount.

Franchise Gator lists hundreds of franchise opportunities around the world. After searching by industry, investment, or location, you will see an easy-to-read summary of the franchise. This franchise website offers an informational blog and lets you request information on multiple franchises at once.

FranchiseGrade.com shines with its in-depth reports on over 2,500 of franchises in a large variety of industries. Its team has compiled in-depth reports for over 50 franchise industries. The reports include crucial information like the average initial investment for that industry and income potential. You can access these reports when you sign up for a free account.

If you are unsure if you want a franchise or an established business, BizBuySell is a franchise and business portal worth exploring. Franchise summaries often include on-location photos, financial information, growth potential, and competition analysis. You need a paid membership to unlock further details, but you can contact the seller directly.

One aspect that makes BizBuySale unique is that you can look for asset sales in addition to searching for franchises and businesses. For example, there are several asset listings for restaurant equipment. You can also purchase intellectual property (IP) such as a food recipe.

Franchising.com offers a wide variety of franchise opportunities. You can search by industry, investment, location, and business type,such as eco-friendly, home-based, or franchises specifically for women. The summaries are not as detailed as other sites, however, and to learn more, you need to request information through Franchising.com rather than directly.

There are thousands of franchises available to a potential small business owner beyond restaurants , and the most well-known brands that have become household names. You can buy into a franchise across many different industries such as Retail, Education, Automotive, and Travel to name a few. The selection can be overwhelming, but the benefits are great.

Franchises also have an 8% higher success rate than independent businesses ( Franchine Lafontaine , Journal of Economics & Management Strategy). You would be working with an already established business model and depending on the franchise, this model may have been perfected over many years for optimum success. You can lean on the network of fellow franchisees within your chosen brand for advice and assistance. There are also franchise associations and annual conferences all focusing on your success as a franchisee. Some franchisors even assist with securing funding for your initial fee and start-up costs.

Getting started is much simpler with the help of a franchisor. Franchises have a much shorter time to open than brand new ventures, according to Dun & Bradstreet. For an even shorter time to get started, you may also consider purchasing an existing franchise.

The main benefit of buying an existing franchise as opposed to opening a new one is it comes with an already established customer base. The business is already up and running, making it a low effort opportunity for an entrepreneur. You will be provided with fully trained employees, an existing business plan, and defined operating expenses. Browse our selection of existing franchises right here on BizBuySell, the largest franchises for sale marketplace on the internet.

While there are no guarantees for success, it is worth noting that franchises come with proven track records for success. Measuring profitability is not an exact science. To evaluate the probability of success of a franchise before you purchase, here are some important factors to consider.

The very first step to choosing a franchise is to ask yourself if you prefer structure and rules over complete independence. With a franchise, you are given strict guidelines by the brand that you will be contractually obligated to follow. Many entrepreneurs and small business owners prefer to make their own decisions and might find it difficult to fall in line and follow the rules outlined by a franchisor. If this is the case for you, it may be better to consider a business opportunity or purchase an existing business for sale.

Buying a franchise is a life-changing venture that should not be entered into lightly. We want to help you gain the information you need to make the best choices for you. With multiple industries and different investment range options to choose from, the franchising model is an excellent choice for building wealth and becoming a small business owner yourself.

One of the best ways to start a new business is by capitalizing on a franchise opportunity. Not only do franchise opportunities come with premade marketing collateral and high brand awareness, but you get extensive business support from the franchiser.

When was the last time you made a fast food stop or purchased a cup of coffee before work? If the brand is recognizable and has multiple locations throughout your city or town, like McDonald's or Dunkin', it's quite possible your favorite food joint is a franchise.

In fact, the US Census reports that 11.4% of all businesses in the US are franchises. While restaurants make up the bulk of franchise opportunities, gas and convenience stores, car dealerships, fitness, real estate, and hospitality sectors also make up a sizable chunk.

Determining the profitability of a franchise isn't an exact science, but there are a few factors to consider, including the unit growth, new franchisee success rate, and the franchiser's financial statements.

7Eleven, for example, flies accepted franchisees to their support center in Dallas for training. They also have a resource center with seminars and events. Not all franchisers, especially small ones, will have extensive resources like 7Eleven, but make sure they offer basic training.

Popeyes is consistently one of the top franchises to own in Entrepreneur's Franchise 500 Rankings. It's a well-known fast-food brand with a global presence, strong advertising strategies, and well-developed core philosophies. 041b061a72