FRANCHISE OPPORTUNITIES
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Franchisees according to industry!
Top 5 Franchises for 2007
(As ranked by Entrepreneur.com)
#1 SUBWAY
Subway has been the #1 franchise to start up for the last
15 years. Although Subway now has over 26,000 stores there
is still plenty of opportunity to get into this amazing franchise.
By 2010, Subway hope to have 7500 international locations
(currenly with almost 4000) and plans to continue growing
by looking for locations that have been overlooked that have
a lot of potential such as hospitals, convenience stores,
and school districts.
No. of Franchises: 26,197
Franchising Since: 1974
Startup Costs: $74,900 - $222,800
2006 Rank: #1
#2 Dunkin' Donuts
Dunkin Donuts has now been franchising for over 50 years,
however they have recently completed a makeover to re-brand
themselves which has been a great success. Duncan Donuts hopes
to open up 10000 new locations in the next 10 to 20 years.
It currently has just over 5000 locations. That's a big goal,
but very achievable!
No. of Franchises: 6,892
Franchising Since: 1955
Startup Costs: $179,000 - $1.6 million
2006 Rank: #6
#3 Jackson Hewitt Tax Service
Since 1986 Jackson Hewitt has been known to be the online
tax service which was when the IRS brought in electronic filing.
Jackson Hewitt is one of the fastest growing franchise businesses
in the US and has experienced consistent growth from it's
inception.
No. of Franchises: 5,379
Franchising Since: 1986
Startup Costs: $48,600 - $91,800
2006 Rank: #5
#4 7-Eleven
There's a reason why it seems like there's always a 7-Eleven
around the corner. 7-Eleven started franchising in 1927 in
Texas and is now one of the oldest franchises in North America.
This legacy began when an independent and ambitious employee
stayed open while all the other grocery stores were closed
and sold eggs, bread and milk. Everyday there are approximately
6 million customers that visit 7-Eleven stores all throughout
North America. Because of the history of success 7-Eleven
has experienced we anticipate it to have a very bright and
steady future ahead.
No. of Franchises: 27,161
Franchising Since: 1964
Startup Costs: Varies
2006 Rank: #9
#5 The UPS Store/Mail Boxes Etc.
The UPS Store/Mail Boxes Etc. merger has proven to be a great
move and has resulted now in over 5000 locations in 40 different
countries worldwide! The UPS Store/Mail Boxes Etc. is the
currently one of the fastest growing franchises in the world
and will continue to have explosive growth in the near future.
No. of Franchises: 5,760
Franchising Since: 1980
Startup Costs: $153,800 - $266,960
2006 Rank: #4
#6 Domino's Pizza
Domino's Pizza pioneered the pizza delivery business in 1960,
and has mastered the art of pizza now delivering over 400
million pizza's per year. Each day, more than 1 million customers
enjoy hot, delicious Domino's Pizza products around the world,
because Domino's Pizza now operates in more than 55 countries.
Their business system is simple "To Provide Great Tasting
Pizza Delivered Directly To You Door"
No. of Franchises: 7,652
Franchising Since: 1960
Startup Costs: $141,400 - $415,100
2006 Rank: #11
#7 Jiffy Lube
For nearly 3 decades Jiffy Lube has offered preventative maintenance
for vehicles. They specialize in quick oil changes. In the
next 10 years, the fast lube industry will need to service
over 120million vehicles per year. That's a 50% increase from
the current 60 million serviced per year. Currently, Jiffy
Lube centers are serving over 27 million customers every year
and 88% of Jiffy Lube service centers are franchised.
No. of Franchises: 1,946
Franchising Since: 1979
Startup Costs: $214,000 - $273,000
2006 Rank: #20
#8 Sonic Drive In Restaurants
Since 1953 Sonic Drive-In Carhops have been serving up great
American food at the "Speed Of Sound" Ever since
the first restaurant opened up in 1953 Sonic has not changed
the system. It's current business model remains representing
the 1950's "Good Old Days". They specialize in burgers
and malt's, as well s signature treats like extra-long cheese
coneys and chocolate cream pie shakes. However, the company
has added modern foods such as wraps and smoothies. With nearly
2500 franchises and a strong history, this "Boom"
will likely continue longer than the "Baby Boomers".
No. of Franchises: 2,495
Franchising Since: 1954
Startup Costs: $861,000 - $2.3 million
#9 McDonald's
McDonald's was founded by Raymond Albert Kroc at the age of
52. Ray Kroc mortgaged his home put his whole life savings
into this becoming the exclusive distributor of a five-spindled
milk shake maker called the Multimixer. One of the clients
he sold his machine to were two brothers named Dick and Mac
McDonald from San Bernardino, California. The McDonalds brothers
operated a successful hamburger business with 8 of Ray's multimixers.
Ray had never seen so many people served so quickly. Ray decided
to open up his first McDonalds restaurant in 1955 in Des Plaines,
Illinois and made $366.12 his first day! (A Large Amount Back
then) Today McDonalds is one of the most recognizable brands
in the world and now has more real estate than the catholic
church!
No. of Franchises: 22,554
Franchising Since: 1955
Startup Costs: $506,000 - $1.6 million
2006 Rank: #16
#10 Papa John's
John Schnatter was a high school student working at a
local pizza pub in Jeffersonville, Indiana when he realized
that the traditional national pizza chains lacked quality
pizza. In 1984, "Papa" John Schnatter ripped down
a broom closet behind his father's tavern and began selling
his pizza to his father's tavern customers. The customers
loved the pizza so much that John was able to expand and move
into a better adjoining space in 1985 which was the first
Papa John's restaurant. Today there are almost 3000 Papa John's
restaurants in 49 states and 29 international markets.
No. of Franchises: 2,405
Franchising Since: 1985
Startup Costs: $205,000
2006 Rank: #29