Franchise Outlook
2019 Franchising Trends: The State of Franchising
The franchise space is experiencing rapid expansion. Consumer trends are shifting while technological advances are pushing franchisor boundaries – so much so, your friendly experts at America’s Best Franchises say it’s safe to expect continued growth in the franchising industry over the next few years. In the meantime, let’s take…
Franchise Succession Planning: What’s Your Exit Strategy?
Planning to exit a franchise system is just as important as choosing to be part of one. While passing down your business to a loved one can strengthen your relationship, it can also be a pretty complicated process. To make the process even more complex, most franchisors must approve your…
Franchising Basics: Understanding Franchise Territories
While researching franchise opportunities, you’ll come across many using verbiage similar to “ask about exclusive territories” or “protected territories available.” It’s easy to jump to the conclusion that “territory” means no other franchisees in your franchise system can open a location in your exclusive/protected geographic area. Unfortunately, that’s not always…
Must-Attend Franchise Trade Shows and Conventions
Choosing a franchise opportunity is a hefty task to conquer. It requires a massive amount of in-depth research. While exploring franchise websites are a great place to start, it’s even better to meet with franchisors in person. If you’re serious about franchising, consider attending a franchise trade show, convention or…
Are Franchise Businesses Poised for Growth?
The outlook for franchise businesses in the United States is strong. That’s the latest news from the International Franchise Association (IFA) in their latest report on United States franchise growth in 2016. The predicted growth isn’t exclusive to one industry. The report estimates that the upward trend seen in 2015…
Good Coffee, Franchises, and Human Rights
A Canadian coffee franchise gives franchisees very specific instructions for how to make their famously consistent gourmet coffee. Those step by step instructions, which it requires all franchisees to follow to the letter, mean that Canadians and travelers to Canada can walk into any franchise location with complete confidence, knowing…
Franchisees Meet with Congress
The 2015 International Franchise Association’s (IFA) Franchise Action Network Annual Meeting took place recently in Washington, D.C., followed by a series of meetings between people from the franchise industry and their elected representatives. The goals of the annual meeting include supporting and celebrating franchisees and the franchise business model as…
Taco Bell Breaks the Fast Food Franchise Mold
Taco Bell’s new Taco Bell Cantina restaurants are not following the fast food crowd. They’re serving alcohol, they have murals by local painters gussying up their walls, they have no drive-through window, and franchisees are setting prices and choosing menu items. They’re offering open kitchens and plating foods in a…
Should the U.S. Have National Franchise Laws?
Canada and Australia have recently made updates to their franchise business laws, but in the United States, every state has its own rules. You might have noticed, for example, that California is back in the headlines with a new version of the “Franchise Bill of Rights” which was vetoed by…
Franchise Jobs on the Rise
The ADP National Franchise Report for June 2015 says that 28,800 new jobs have been created by franchise businesses in June of 2015. Restaurants and automotive businesses showed the largest numbers of new jobs, but the infographic below shows that many segments of the franchise industry added new jobs in…