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Latest And Hottest Franchise Opportunities

Written by: Neil Howe

Article Overview: The latest and Hottest franchise is not a new food chain or gas station. It is something a little more below the radar, but ultimately the successful ingredient behind every business and non-profit looking to increase sales.

Latest And Hottest Franchise Opportunities

The idea of a franchise conjures up big name chains and superstores like McDonald's, Dunkin Donuts, Pizza Hut, Dollar Tree, UPS, Circle K etc., but the daunting issue with these successful stores are the huge buy in fees ranging to one of the smallest Subway at about $80,000 to the Millions for some food chains like McDonald's and Sonic.

To follow these successful models means shelling out that vast amount of money and not make a profit for 3-4 years in many cases. The kicker is, you still don't have control of your business. You are a manager that has to follow corporate rules, but it will be your butt if the franchise fails.

The latest and hottest franchise is not what you may be thinking of. So many businesses and non-profit organizations are really struggling to make it as the economy is still struggling to get back on track. So, in a down economy, there are always a few businesses that benefit from the hardship.

The incentive industry is one of those that is bursting with success stories, both in the business incentive and fundraising departments. Individual franchise owners are landing contracts with big businesses and organizations who are looking for some added value to get increased sales and profits or donations.

There are so many businesses and non-profits who are looking for help with their marketing and being a franchise owner in the incentive industry means you can get in front of all these people and give them the solution to their problems.

The reason this is one of the hottest franchise opportunities right now is it is a win-win-win for the three parties involved. The business or fundraising organization are happy with their increased sales and donations. The incentive company are happy that their certificates are being sold and the franchise owners are happy they are making a profit from each and every sale.

The better news is that most of the business is repeat business. Once businesses and non-profits see that the incentives are a success, they will want to repeat the process and will look at other products and be a customer for years.

Each new client being a potential repeat customer means sales and profits keep increasing each year. Word of mouth sales in the fundraising department especially account for a large portion of new contracts. There are no buy in fees for this opportunity which make it attractive to anyone with sales and marketing and people skills. Knowing that 10% of the population is unemployed and the market is hungry and begging for help it is easy to see why the incentive industry is the latest and hottest franchise opportunity today.

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Article Tags: amount of money, business incentive, dollar tree, down economy, dunkin donuts, food chains, franchise opportunities, franchise owner, franchise owners, fundraising organization, incentive company, incentive industry, kicker, mcdonald, pizza hut, profit organizations, subway, success stories, superstores, ups
Referred by: http://jaykubassek.com



Related Forum Posts
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
Re: Info for would be franchisers... - [quote="Sebastien":2gam0klq][quote="BuzzAroundBooks":2gam0klq]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to.[/quote:2gam0klq][/quote:2gam0klq] That is really what I look for in any industry publication. We lead busy lives and when people fill their magazines with fluff, not only does it benefit no one, but it makes us truly appreciate those that don't. Thanks!


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