We spend a lot of time strategizing over how to make Kent attractive for new investment. We talk a lot about leveraging the new technologies that emerge from the research being done on the Kent State campus to capture new business opportunities. We talk about tax incentives, low interest start-up loans and tax increment financing for new development projects. But when I wrote my blog yesterday about the new Curves franchise I was reminded of the power in franchising, and as exciting and enticing as emerging technologies can be, there’s nothing better than a proven formula for economic success and that’s exactly what these top 25 US franchises have.
|Rank||Franchise Name/Description||Startup Costs|
Submarine sandwiches & salads
Submarine sandwiches, soups, salads
Women’s fitness & weight-loss centers
|4||UPS Store, The/Mail Boxes Etc.
Postal, business & communications services
|5||Jackson Hewitt Tax Service
Tax preparation services
Donuts & baked goods
|8||RE/MAX Int’l. Inc.
|10||Liberty Tax Service
Income-tax preparation services
|11||Domino’s Pizza LLC
Pizza, breadsticks, buffalo wings
|12||Pizza Hut Inc.
|13||Sonic Drive In Restaurants
|14||Century 21 Real Estate LLC
|15||Jan-Pro Franchising Int’l. Inc.
Hamburgers, chicken, salads
Comm’l./residential cleaning & disaster restoration
|18||Kumon Math & Reading Centers
|19||Coldwell Banker Real Estate Corp.
|20||Jiffy Lube Int’l. Inc.
Fast oil change
Roast beef sandwiches, chicken, wraps, salads
|22||Baskin-Robbins USA Co.
Ice cream, frozen yogurt, frozen beverages
|24||Cold Stone Creamery
Ice cream, frozen yogurt, Italian sorbet
To veiw the top 500 franchises and their costs, click here.
Here’s the top Food Sevice/Restaurants
|181||Golden Corral Franchising Systems Inc.
|193||Johnny Rockets Group Inc.
Wondering where to start on your franchise journey? Well, you’ve come to the right place. Franchise attorney Andrew A. Caffey, assembled a panel of some of the most esteemed insiders in the business to help you buy the right kind of franchise–and be the right kind of franchisee. Meet Linda Burzynski, president and CEO of Liberty Fitness, who has previously served as the head of successful franchises CMIT Solutions and Molly Maid; Don Fertman, who, as director of development for Subway, sets the tone for how franchisees will be accepted into the number-one franchise system in the nation; and Andrew C. Selden, a franchise attorney with Briggs & Morgan in Minneapolis and former chair of the American Bar Association Forum on Franchising. These experts’ opinions and insights can help you navigate your way to a fruitful franchise future. Click Here to Read the Full Interview
If you’re interested, we’re ready to help. Drop me an email and I’ll get you in touch with the people in the city that can help you locate the space you’ll need to get started.
Why is Subway still on top? Because of its passionate and involved franchisees, says Subway founder Fred DeLuca.
Making a sandwich is the easy part. The hard part is being named the number-one franchise in Entrepreneur’s Franchise 500® for the 14th time–yet Subway has done it. Is it the sandwiches? The healthy brand image? The company leadership? All those certainly have an impact, but what Subway founder Fred DeLuca really credits for his company’s success is the franchisees. “This franchisee energy is really amazing in what it brings to the organization,” he says. And since they are so vital to the continued success of Subway, we at Entrepreneur wanted to get a picture of these remarkable franchisees–and see how they have changed since Subway started franchising in 1974.
The type of franchisee Subway attracts today remains very similar to the first franchisees ever to hang their Subway shingles. “I’m not sure that [the franchisee] has changed enormously,” says DeLuca. “We sell a single franchise to somebody who wants to get into business, so essentially we’re working with first-time business [owners].” If DeLuca had to sketch the typical Subway franchisee today, he’d skew male, he’d be in his 30s and he’d already have been out in the work force for a while. There is also a large percentage of new Americans from countries like India, Korea and Vietnam among Subway franchisees. And interest is as strong as ever–the company receives more than 2,000 inquiries from potential franchisees each week.