Purchasing a franchise is a large step to take for most people. It is important to make sure the franchise opportunity you are considering is well evaluated prior to moving forward with the purchase process. It is beneficial to understand which franchises may do well in today’s economy and what is predicted to do well in the near future.
Considering Purchasing a Franchise? We recommend reading:
“An Entrepreneurs Guide to Purchasing a Business or Franchise”
According to many economists the franchises are predicted to pick up in 2012 compared to the past few years which have been rather slow for some franchises. According to MSNBC IHS Global Insight recently released their results of their take on the fastest growing franchises for 2012 which are listed below:
- Quick service restaurants
- Business services
- Personal services
- Lodging
- Full-service restaurants
- Commercial and residential services
- Real estate
- Retail products and services
- Retail food
- Automotive
Buying a franchise should not be taken lightly but rather should be carefully evaluated and approached with caution and should involve the review and input of your franchise lawyer.
Continue reading more about Buying a Franchise
Buying a Franchise: Are you Waisting Your Money if You Speak to a Franchise Lawyer
Franchise Agreement: Factors that You Must Evaluate and Negotiate Before Buying a Franchise
Licensing vs. Franchising