Starting your own franchise can be an excellent business decision. The franchise business in the US alone is a $1 trillion industry. By starting a franchise, you can avoid some of the risks that are involved with a brand new business. You will have smaller start-up costs, and the security of using a proven business model.
The most successful franchises in the United States are businesses that you will certainly recognize. While fast-food restaurants dominate the trend, there are franchises in hospitality, health and beauty, and the financial industries that offer promising opportunities. According to Entrepreneur Magazine, the top 10 franchises for 2010 are:
1. Subway (Sandwiches, Salads and other fast food items)
2. McDonalds (Hamburgers, chicken, salads and other fast food items)
3. 7-11 (Convenience stores)
4. Hampton Inn / Hampton Inn & Suites (Mid-range hotels)
5. Supercuts (Hair salon)
6. H&R Block (Tax preparation and filing)
7. Dunkin Donuts (Coffee, donuts, and other baked goods)
8. Jani-King (Commercial cleaning services)
9. Servpro (Insurance/disaster restoration and cleaning)
10. AMPM Mini Market (Convenience store and gas station)
If you are interested in expanding your business by licensing your business rights, you may want to know about the advantages to becoming a franchisor. To know more, visit our article Franchisor Advantages
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