As economic downturns continue on a global scale, more and more people are starting to think twice about investing in a franchise. Despite the recession, a lot of top franchises remain remarkably strong within their respective industries. This only shows that prospective entrepreneurs have nothing to worry about owning a franchise business, especially if their chosen franchisor already has a proven track record of success and profits in its industry. The following list is a compilation of the top 10 franchises.
1. Subway
Subway is definitely one of the fastest growing franchises in America. Within the US alone, the number of Subway franchises is now around 22,000. Subway branches in other countries total to about 10,000. These franchises are situated in small areas of various cities, which prove the success of the company?s excellent marketing strategy. Subway is this year?s number one franchise pick as it continues to open new locations weekly.
2. McDonalds
Today, the McDonalds franchise has around 12,221 locations in the United States, 1,070 in Canada, 12,510 in foreign countries, and 6,357 within company-owned locations. With its impressive and established marketing and advertising programs, the worth of McDonald?s current franchise range from $995,900 to $1,842,700, with franchise fees of $45,000.
3. 7-Eleven
Started by Joe C. Thompson in 1927, 7-Eleven Inc. convenience stores opened across the globe with more than 30,000 branches in total. The start-up cost for a 7 11 franchise ranges from $40,500 to $775,300, with additional franchise costs of $10,000 ? $611,600.
4. Hampton In
The fourth name in the list of 2010 top franchises is the Hampton Inn. Due to the current recession, a lot of consumers started looking for an alternative to five star hotels for their travel and accommodation needs. So far, the Hampton Inn, which is a mid-priced hotel chain, proves to be the best option. Today, Hampton Inn franchise has about 1,595 locations in the country and around 70 branches elsewhere.
5. Super Cuts
Super Cuts now has 1,027 franchises within the country and one franchise in Canada. The Super Cuts franchises are typically located in strip malls. The company?s growth rate is quite slow compared to the others in this list, but its growth is remarkably steady and consistent for the recent years.
6. H&R Block
H&R Block belongs in the tax preparation and electronic filing field. It currently has 3,999 franchises across the country, 418 franchises in Canada, and 85 foreign franchises around the globe. These remarkable figures earned the H&R Block franchise the sixth spot in this year?s top 10 franchises list.
7. Dunkin? Donuts
Widely known for its doughnuts, coffee, and baked goods, Dunkin? Donuts come in seventh place in the top 10 franchises list for 2010. It has about 6,400 locations in the US and 8,800 locations around the world. The Dunkin? Donuts franchise is expected to continuously grow and expand for the next 20 years.
8. Jani King
Jani King is included in the list of top franchise opportunities based on its solid track record of success and growth. The company provides commercial cleaning solutions; thus its famous motto, ?Everyone needs to be clean?. The Jani King franchise has 11,000 locations within the US and around 12,000 locations in other countries.
9. Servpro
Established way back in 1967, Servpro is generally a painting enterprise. It offers services such as cleanup, repairs, and disaster restoration. Servpro franchise earned the ninth spot in the top 10 franchises list of 2010, with about 1,500 locations in the United States.
10. ampm Mini Market
ampm is quite popular among youngsters for its delicious hotdogs and cold beers. The ampm franchise now has 3,000 locations across the globe and an additional 1,100 franchises within the United States.
Now that you know the top 10 franchises of the year, would you consider investing in any of these franchise opportunities?
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