Celebrities Who Own Franchises

Buying a Franchise – An Introduction

Buying a Franchise

A franchise is a business model where a well-established company (franchisor) grants permission (franchise) to another party (franchisee) to operate a business under its brand name and proven system. The franchisee pays a startup fee and ongoing royalties in exchange for the right to use the franchisor's trademarks, operating manuals, and ongoing support. If you want to retire your 9-5 and expand your entrepreneurial portfolio, then a franchise opportunity might be a great fit.

Here are some interesting facts about franchises:

  • The first franchisor is believed to be Benjamin Franklin, who owned a printing business. He partnered with a local bookseller to sell his newspaper throughout the region (discover more in our article exploring the history of franchising).
  • There is actually an Anytime Fitness franchise located in Antarctica (more about fitness franchises below). Researchers based in Antarctica can use the well-known gym brand to maintain personal fitness.
  • Over 10% of America's businesses are franchises. These franchises contribute significantly to the American economy, employing over 8 million people and generating millions in annual revenue. Franchises are a cornerstone of economic activity in America.

Consequently, owning a franchise can take many forms and ultimately be highly rewarding in both the short and long term.

Owning a franchise also offers serious benefits for business owners looking to capitalize on a business's existing reputation. A playbook will ensure franchisees avoid some common mistakes when starting a business from scratch. Franchises will have a proven business model, a marketing playbook, and loyalty from an established customer base. Time and time again, we've seen countless individuals achieve their financial goals by acquiring and running a franchise. Starting a business may take 24/7 non-stop energy and effort, but making a success out of a franchise may be more straightforward than you think.

Other benefits of buying a franchise include:

  • Accessing a support system from the franchisor for operations and training. The support systems include tools and resources to maintain relevancy and brand consistency and deliver industry-leading customer experiences. In comparison, startups often operationally rely on learning from their mistakes. As part of the franchise network, you will also have increased buying power when negotiating with suppliers for equipment and inventory.
  • Franchises also offer the potential for high growth. Unlike starting a business from scratch, where initial success doesn't guarantee easy expansion, franchises provide a proven model you can replicate across multiple locations. If you've established a thriving franchise location, you can capitalize on your experience by opening a new outlet.
  • Franchises generally have a higher resale value than individual businesses. Buyers recognize that franchises are part of a successful system with a track record of success. 

To access the benefits of owning a franchise, it's essential to find the right opportunity. There are over 4,000 franchise opportunities available in North America, which may seem intimidating for first-time franchisees. One key piece of advice we always give first-time franchise owners is that the right franchise doesn't match your experience profile exactly. For example, if you've owned a restaurant before, the right franchise for you may not necessarily be a fast food franchise. 

The first step in owning a franchise is conducting thorough research into the highest-potential franchise business opportunities. An easy way to organize franchise business opportunities is via industry. In the next section, let's explore franchise examples by industry and the benefits of each common franchising industry.

Different Franchise Opportunities

Unpacking Different Franchise Opportunities

In this section, we'll take a birds-eye view of franchises in the food, cleaning, construction, fitness and salon industries. We'll also examine how the franchise industry as a whole will change over time through upcoming technological developments - for example, artificial intelligence (AI).

Franchises in the food industry: an overview

The food franchise opportunity is booming. Fast food, in particular, offers a profitable franchise venture. As a market with built-in demand, food offers a convenient short—and long-term business growth model.

Additionally, food outlets generally proffer highly recognizable brands, reducing the need for targeted marketing efforts. Instead, the food franchise may also have an established and loyal customer base.

Many food franchisors also offer extensive training to assist you in operating efficiently and profitably. Examples of this training include food preparation, running restaurant operations, quality control, and management and employee training. Consequently, even if you don't have experience in the restaurant industry, it's possible to achieve financial success by running a food franchise.

Are you curious about franchises in the food industry? Check out more information on our dedicated page.

Franchises in the cleaning industry: an overview

One of the key advantages of running a franchise in the cleaning industry is that it can be scaled up or down based on your requirements. For example, you can start with a small team and gradually expand your client base as your business grows. For those looking for negligible risk in their franchise opportunity, cleaning might be a winning option.

Moreover, cleaning services are considered essential by many people in most communities. Cleaning services are always in demand for both residential and commercial clients. The long-term translates into a predictable and consistent revenue stream, especially when you establish a strong client base with recurring cleaning contracts. Cleaning businesses continue to endure even during economic downturns. The relative stability can be reassuring, especially for first-time franchisees.

A minor yet significant benefit of operating a cleaning franchise is consistent flexibility in scheduling. Depending on your client's needs (and your own preferences), you can choose to operate during regular business hours, evenings, or even weekends.

Franchises in the fitness industry: an overview

Though growth in the fitness industry briefly plateaued during the pandemic, the fitness industry is now experiencing significant growth, primarily driven by people's increasing focus on health and wellbeing. Through owning a fitness franchise, you can tap into a market with established demand.

Many fitness franchises have spent years accruing reputations. A high-quality fitness franchise will build a high-impact brand by offering effective workouts, a supportive community, and qualified trainers. The franchise's brand recognition will immediately attract high-intent audiences and reduce the burden of founding your own brand from scratch.

Likewise, you can access the franchise's business model and learn how to stick to the landing when establishing your franchise. No need to pore over spreadsheets to calculate the most profitable member rates or how to structure your fitness classes. Franchisors in the fitness industry will have developed comprehensive training programs for franchisees, covering both the business aspects (finances, staffing, marketing and sales, etc.) and also the fitness side (exercise routines, sourcing and maintaining equipment, trainer certification, and so forth). Some franchisors will also deliver ongoing support beyond initial training - a practice intended to ensure you maintain brand quality while also helping you maximize profits. The ongoing training may include marketing campaigns, operational best practices, and, significantly, how to foster community in your fitness franchise.

Building a community is a defining aspect of operating a fitness franchise. Though highly rewarding for some franchise owners, tangible benefits of developing a community within your franchise include customer loyalty and member retention. Consequently, fitness franchises offer long-term profits for those looking to emphasize sustainability in their entrepreneurial portfolios.

Curious about learning more about what owning a franchise in the fitness industry is like? Check out our dedicated page.

Franchises in the construction industry: an overview

Construction franchises - including home improvement and building franchises - generally have a higher success rate compared to independent construction companies. The construction industry is a major pillar of the US economy, and construction franchises offer a tried-and-tested path to capitalize on its growth. There are a few notable benefits to being a construction franchise owner.

As with any franchise, reputable construction franchises offer the advantage of brand recognition. Some may even offer in-built referral networks to enable quick growth.

Successful construction franchises have established systems for project management, bidding, safety protocols, and customer communication. 

Franchisors often provide comprehensive training programs for new franchisees, including both the business side (accounting, human resources, lead generation) and industry-specific knowledge (estimating, project management, safety regulations). Additionally, franchises may have established relationships with suppliers, which can create more competitive pricing for materials and equipment.

Many construction franchise systems offer ongoing support to their franchisees in areas like project management guidance, safety compliance assistance, and access to industry expertise. This can be invaluable for navigating complex projects and ensuring successful completion.

Franchise agreements may even grant franchisees exclusive rights to operate within a specific territory. Having a territory-specific franchise agreement will reduce competition, facilitating a greater focus on building relationships with local clients.

Franchises in the salon industry: an overview

Profitable salon franchises will inevitably have a proven business model, including salon design, product line, lead generation strategies and staffing schedules. Rather than reinvent the wheel, franchisees can access comprehensive training programs that allow success in the salon industry even without prior experience. Without wasting time on marketing efforts or strategizing, you can instead focus on building exemplary client experiences and driving profits. Profits will also be optimized by harnessing supplier relationships and shared distribution networks to drive discounts on salon products.

A number of recognizable hair and beauty brands in the US are, in fact, franchises. Do you have any questions about salon franchises? Consider reading our page for salon suite franchises.

What is the future of franchising?

As we've explored, the franchise landscape is rich, rewarding, and constantly evolving. Though it is impossible to precisely predict the future, experts believe that franchising will become even more innovative and adaptive in the future.

For example, the rise of AI presents a powerful opportunity for franchises. Like owning any business, owning a franchise can involve a lot of repetitive organizational labor. By leveraging AI, franchises can automate critical parts of marketing, deliver personalized customer experiences and aggregate data for better strategic decisions. For example, repetitive tasks like data entry and scheduling can be automated by free and accessible AI tools. It's likely that, in the future, we'll see AI-powered franchise management systems driving profits.

The franchising landscape is also becoming more competitive. Therefore, franchisors will need to deploy a stronger value proposition than just a brand name. To attract and then retain high-quality franchisees, franchisors will offer better support systems that enable franchisees to start achieving bigger profits - faster.

Therefore, there's never been a better time to take the plunge and start scouting franchise opportunities. 

Franchise opportunities

Want to Learn More About Franchise Opportunities?

In this article, we've explored franchising's past, present, and future. If this article has inspired you to take the next step in finding a franchise business for sale, consider speaking to a reputable expert.

Founded and owned by Dan Lorenz, Guerrilla Franchising is one of North America's leading franchise consulting firms for owning and managing franchises. Dan has years of experience providing high-level investment consultancy services - including the Big Four - and has also owned and operated profitable franchises for over ten years.

Working closely on a one-to-one basis, he can deliver highly personalized advice to clients seeking franchise opportunities. Knowledge and support are packaged into a comprehensive and accessible program that boasts time-tested success. 

What does this program look like? Dedicated weekly calls and daily access to expert guidance form a stable foundation for making fully informed franchise ownership decisions.

If you are interested in discovering more about any of the services we offer here at Guerrilla Franchising, we invite you to get in touch. We are dedicated to answering any questions you may have and can help provide you with all the required information regarding a potential franchise investment.

You can also choose to arrange a 15-minute strategy session. During this session, you can discuss your franchise requirements. We will also outline how Guerrilla Franchising can enable you to find the right franchise for you in less than 90 days.

Are you ready to accomplish your financial goals and a flexible work-life balance? Explore a network of established franchise opportunities that align with your goals and unlock your desired lifestyle. Take control of your franchising future – get in touch today.

Don't Just Take My Word For It

My American Dream is helping you achieve your American Dream. Take a look at who I’ve helped and learn why the Guerrilla Franchising system was best suited to help them become financial free entrepreneurs.

LAST CHANCE!

How To Tap Into The ‘Money Printing’ Investments Shaquille O'Neal, Venus Williams & Queen Elizabeth II Use To Generate Millions In Passive Income… (Even If You’re Starting With Just $60k Liquidity!)

Forget crypto, property & stocks…  everyday Americans are waking up to the surging investment opportunity that is like writing a blank check to your future self, even if you’ve never invested a cent in your life & don’t have a minute of free time outside of your 9-5!

Celebrities Who Own Franchises

Celebrities Who Own Franchises [2024]

The number of celebrities who own franchises has grown considerably in recent years. Whilst many find careers in the entertainment industry sufficient, those who are more business oriented look to expand beyond their celebrity status. This is done by way of franchise ownership, in some cases.

In this article, we are going to delve into the world of celebrity owned franchises. Our list consists of popular individuals from the UK and the US who have found success in the franchise world.

We are also offering an insight into why they choose this path, the impact they have on the businesses they own and, perhaps, a blueprint for you to follow.


Firstly, Why Do Celebrities Own Franchises?


At this point, you may be wondering: 'why do celebrities own franchises?'. We get it.

Understanding why celebrities own franchises is important, especially for those with a keen interest in business ownership. Truthfully, celebrities are not too dissimilar to me or you. Meaning, they see inherent value in the franchise model. Just like any prospective owner, popular celebrities choose to franchise businesses because of the profitability and potential for personal fulfillment. Specifically though, celebrities tend to explore franchise ownership for the following reasons:

Diversification of Income

Although celebrities tend to achieve financial success in the entertainment industry, franchise ownership allows for a further strengthening of financial security. Franchises, as we know, offer a reliable and proven business model that can generate substantial returns. Like any of us, celebrities want to diversify and secure their future by creating more than one income stream.

Passion for Business

Simply put, some people in the entertainment world have passions and interests which extend beyond their primary careers. Franchise ownership offers business savvy celebrities the opportunity to undertake new challenges with rewarding outcomes.

Long-Term Investment

For some people, it is important to build a legacy beyond their celebrity status. Not only will doing so ensure their own financial stability, but it ensures future generations are supported.


Celebrity Owned Franchises: Updated For 2024


1. LeBron James - Blaze Pizza

Basketball legend LeBron James is not known solely for his skills on the court as he also owns numerous Blaze Pizza franchises. James' involvement in the business has helped to boost the company's popularity considerably. Now, Blaze Pizza stands as one of the fastest-growing franchises in the US. His commitment to providing quality and innovative food options, as well as his entrepreneurial spirit and drive, has set a high standard for the company.

2. Shaquille O'Neal - Auntie Anne's

Although former NBA giant Shaquille O'Neal no longer owns any of the franchises, he is well known for his past involvement in the bakery company Auntie Anne's. Owning as many as 17 stores at one point, Shaq's involvement with the brand added serious weight to their popularity and marketability. Known for his charismatic personality and genuine love of their products, Shaq was a successful franchisee who attracted fans and customers alike.

3. Mark Wahlberg - Wahlburgers

Many people know Mark Wahlberg for his awesome work in Hollywood but what they may not know, however, is that he is heavily involved in the burger franchise Wahlburgers. This burger joint franchise has expanded rapidly, offering a taste of the Wahlberg family's culinary expertise, mainly, through the work of chef and brother Paul Wahlberg.

Mark's celebrity status has undoubtedly contributed to its popularity. Aside from being a popular face however, he is actively involved in the management and promotion of franchise businesses.

4. Rick Ross - Checkers & Rally's

Intent on building a successful multi-brand portfolio, Hip-hop mogul Rick Ross has soared in recent years as a result of involvement in popular fast-food chain Checkers & Rally's. He is amongst many celebrities who opened fast food franchises in the last decade.

And Ross is not shy with steering the company's marketing ship either, using his influence to attract fans of both his music and the brand. He stands as a prime example of how celebrity status and franchise ownership can exist harmoniously to create something wonderful.

5. 50 Cent - Frigo RevolutionWear

Music icon and entrepreneur 50 Cent, also known as Curtis Jackson, has long been associated with the world of business. This was first demonstrated in the early 2000s through his involvement with drink brand Vitaminwater.

Now, he has ventured into the world of franchising with Frigo RevolutionWear. This high-end men's underwear brand reflects his commitment to business and portfolio expansion. Moreover, Jackson's unique approach to marketing and branding has set Frigo RevolutionWear apart in the fashion industry.

6. George Foreman - George Foreman Grill

This is not an example of a franchise, strictly speaking, but we couldn't not include this one as it's one of the most successful partnerships of all time. Former professional boxer George Foreman's name has long been synonymous with the George Foreman Grill.

Foreman's endorsement and involvement in the marketing of these grills turned them into a household name. His business mind outside the ring is impressive, and he continues to promote the brand as a healthy cooking solution.

7. Venus Williams - Jamba Juice

Tennis icon Venus Williams is no stranger to the franchise business model. She owns several Jamba Juice franchises, which highlight Williams' commitment to the promotion of healthy living.

Williams' passion for wellness aligns with the company's underlying, core values. As well as ownership, she engages in marketing initiatives to encourage her fans and patrons to lead a healthy lifestyle.

Opportunities Beyond Hollywood

Celebrities are more than just famous faces; they are also savvy entrepreneurs who are forever searching for ways to create a multi-brand portfolio and legacy. Thus, the number of celebrities who own franchises has skyrocketed in recent times. Their involvement in the world of franchise businesses not only adds a touch of star power to these brands, but it also showcases their commitment to financial security and personal fulfillment.

We hope any budding entrepreneurs reading this have now seen the potential and power of franchise ownership.

Are you interested in owning a franchise? Discover our range of handpicked franchising opportunities all across the USA – book your free consultation today. Alternatively, if you have any questions about franchising or would like more insight, get in touch today.

Don't Just Take My Word For It

My American Dream is helping you achieve your American Dream. Take a look at who I’ve helped and learn why the Guerrilla Franchising system was best suited to help them become financial free entrepreneurs.

LAST CHANCE!

How To Tap Into The ‘Money Printing’ Investments Shaquille O'Neal, Venus Williams & Queen Elizabeth II Use To Generate Millions In Passive Income… (Even If You’re Starting With Just $60k Liquidity!)

Forget crypto, property & stocks…  everyday Americans are waking up to the surging investment opportunity that is like writing a blank check to your future self, even if you’ve never invested a cent in your life & don’t have a minute of free time outside of your 9-5!

Franchise Agreements & What They Include Explained

Franchise Agreements & What They Include Explained

It is normal for new or prospective franchisees to wonder: 'What is a franchise agreement?'. Even if you are a seasoned professional, a franchise agreement is a highly complex legal document that requires patience and insight. Before embarking on a franchising journey, it is vitally important to understand the foundation on which this business model is built: the franchise agreement.

In the following article we are going to provide an overview of franchise agreements, outlining what they include and why they are so important.

What Information Is Included in a Franchise Agreement?

A franchise is a contractual agreement between two or more parties. As such, a number of terms are stipulated before the formation of the business. This is known as a franchise agreement.

So, what is a franchise agreement? Simply put, it is a legally binding contract that outlines the conditions of ownership from the franchisor to the franchisee.

It serves as the foundation for the franchisees business, awarding permission to operate using the franchisor's brand, trademarks and proprietary systems.

Franchise agreements are complex documents. Their content can vary widely depending on the industry and nature of the franchise opportunity. However, there are several common elements that you will typically find in a franchise agreement regardless of whether it is a construction franchise, fitness franchise, or another industry:

Franchisee Obligations

  • This segment outlines the responsibilities and obligations of the franchisee. It may include details about location selection, training requirements, operational standards and the purchase of equipment and supplies.

Franchisor Support

  • The franchisor, in some cases, offers support to the franchisee. This may include training, marketing guidance, ongoing operational support or access to the franchisor's supply chain. If this is available, it will be outlined in this section.

Intellectual Property

  • Franchise agreements will usually address the use of trademarks, logos and intellectual property. The use of these assets will be clearly defined.

Fees and Payments

  • Fees and payments are part and parcel of owning a franchise. This section outlines the initial franchise fee, ongoing royalties and any other financial obligations, such as advertising contributions or technology fees.

Territorial Rights

  • Franchise agreements often underline the geographic territory within which the franchisee can operate. Depending on the agreement, this can be exclusive or non-exclusive.

Term and Renewal

  • It defines the initial term of the franchise agreement and the conditions under which it can be renewed. This section is vital as it sets the timeframe for the relationship.

Termination and Exit

  • Agreements between both parties outline the terms for termination and exit. This might cover voluntary and involuntary termination, as well as the process for selling or transferring the franchise if there is one.

Non-Compete and Confidentiality

  • Just like any business, franchise owners are usually restricted from engaging in competing businesses during and after the franchise agreement's term. They may also be required to maintain confidentiality regarding sensitive information which pertains to the franchisor.

Dispute Resolution

  • Disputes are an inevitable part of owning a business. Thus, the franchise agreement typically outlines the terms for dispute resolution. This includes the legal process, should the disagreement escalate to such a level.

The Importance of Franchise Agreements

  • Now we understand what information is included in a franchise agreement, it is useful to understand why their existence is so important. Franchise agreements play a crucial role in the success and sustainability of both franchisors and franchisees. This is why:

Legal Protection

  • Franchise agreements provide a legal framework that protects the interests of both parties. They clearly define the rights, responsibilities and obligations of each party, reducing the risk of disputes.

Consistency

  • They ensure consistency across the franchisor's brand and help franchisees to adhere to established standards. Moreover, they maintain the brand's reputation across multiple sites and locations.

Brand Integrity

  • By outlining the use of trademarks and intellectual property, franchise agreements help maintain the integrity of the franchisor's brand. This is done by preventing misuse of sensitive assets, thus lessening the potential damage to the brand's image.

Financial Clarity

  • Transparency between the franchisor and franchisee on matters of finance is highly important, especially if the objective is to reduce the risk of conflict.These agreements specify, in detail, all financial aspects, including fees and royalties. This level of transparency helps both parties maintain a professional relationship.

Support and Training

  • If training or support is being provided, it will be outlined. This gives the prospective owner a clear understanding of the level of support available, which ultimately provides peace of mind and a sense of security.

Exit Strategy

  • In some instances, the franchise needs to be terminated, transferred or sold. Having a clear exit strategy outlined is the best way to alleviate stress during this process, for both parties.

Dispute Resolution

  • In the event of conflict, a dispute resolution segment can save a lot of time, money and stress for both parties. Thus, it is highly important that this be included in the agreement.

Flexibility

  • Whilst it is true that franchise agreements set certain standards, they also allow for a degree of flexibility. If customisation is authorised, it will be outlined.

In conclusion, franchise agreements are the backbone of this very lucrative business model. They are comprehensive documents that stipulate the rules of ownership. If the goal is to ensure legal protection, consistency and brand integrity, every franchisor should carefully craft an agreement. This ensures the relationship between both parties grows upon a consistent and stable foundation.

To ensure a mutually beneficial and successful partnership, it is encouraged that both parties fully understand the terms outlined in the agreement. If you are new to the world of franchising, it is recommended that you seek legal counsel to understand the agreement. That way, you enter the agreement with perfect insight.

Are you interested in owning a franchise? Discover our range of handpicked franchising opportunities all across the USA – book your free consultation today. Alternatively, if you have any questions about franchising or would like more insight, get in touch today.

Don't Just Take My Word For It

My American Dream is helping you achieve your American Dream. Take a look at who I’ve helped and learn why the Guerrilla Franchising system was best suited to help them become financial free entrepreneurs.

LAST CHANCE!

How To Tap Into The ‘Money Printing’ Investments Shaquille O'Neal, Venus Williams & Queen Elizabeth II Use To Generate Millions In Passive Income… (Even If You’re Starting With Just $60k Liquidity!)

Forget crypto, property & stocks…  everyday Americans are waking up to the surging investment opportunity that is like writing a blank check to your future self, even if you’ve never invested a cent in your life & don’t have a minute of free time outside of your 9-5!

Which Industries are Most Likely to Franchise in 2024?

The Biggest Industries For Franchising [2023]

In the following article, we are going to outline and explore which industries are most likely to franchise in 2023 and into 2024. We hope that, in doing so, budding entrepreneurs have some indication of this year’s most potentially lucrative ventures.'

With the right guidance, franchising opportunities can and has become a fantastic and profitable investment. Excitingly, this popular and established business method has no plans of slowing down into the new year. So, without further ado, here is an extensive list of the most selected industries in franchising in 2023 and 2024.

What Is Franchising and Why Is It Attractive?

Before we delve into any specific industries, we want to provide much needed context for any readers who are unfamiliar with franchising.

Simply put, franchising is a business model which relies on the duplication of an established business or brand. It allows individuals, who are known as franchisees, to create, own and operate a branch or outlet of a chosen company.

Amongst budding entrepreneurs and even seasoned professionals, franchising has become an increasingly popular business model. But why is this? With the support of brand recognition, franchisees are more likely to yield positive results from their commercial venture.'

Moreover, franchise owners, generally speaking, have access to a wealth of information, and resources and training from the brand itself. For someone starting a business, this is invaluable. It can quickly alleviate many of the stresses associated with owning a company, through the availability of tailored support and guidance.'

Lastly, if a company has reached a level of commercial success where franchising is possible, they have proven success in their field. Because of this, franchisees are investing in a business that is less likely to fail because of their proven commercial profitability.'

Next, we are going to explore what industries are mostly likely to franchise throughout the next year and beyond.'

The Key Industries Most Likely to Franchise: An Overview<

  • Fast Food & Quick Service Restaurants (QSR)

In the franchising world, traditional fast-food franchises and QSR restaurants have long been popular. This looks to stay the same throughout 2023 and beyond. However, restaurants like McDonalds and Subway, are saturated, opening opportunities to QSR establishments that focus more on healthier and fewer options. These are the franchises to look out for into the new year. Plenty of opportunity, smaller investments, and growing demand.

As well as the traditional choices, we also expect to see innovative concepts and sustainable options being explored in the proceeding year. If you are interested in business ownership, and more specifically the franchise model, we would encourage you to keep an eye on the fast food market. It could be an extremely profitable venture.

  • Fitness

Those looking to capitalise on the growth in popularity throughout the fitness industry may wish to do so in 2023 and beyond with fitness franchise opportunities. The way to go here is through boutique fitness concepts. The days of Globo gyms are behind us and more and more people are looking for specificity in their workouts as they aim to optimize their physical and mental health and wellness.

With high demand as well as the creation of innovative virtual classes, it has never been a better time to explore franchise options within the fitness industry.

  • Technology and IT Services

With the birth of AI and other innovative technologies, plenty of tech companies look set to offer franchise opportunities in 2023. IT support, software development and cybersecurity are just a few areas that prospective business owners can explore.

If you have a passion for technology and are set on business ownership, this sector may be of great interest.

  • Eco-Friendly and Sustainable Businesses

Sustainability is a growing concern in the public consciousness. Thus, environmentally conscious consumers are seeking out businesses that care about our planet. For this reason, franchises focused on green technologies, renewable energy and eco-friendly products are soaring right now.'

With new pledges made every year to support the environment on a global scale, this sector is certainly one to consider for 2023 and beyond.

  • Pet Industry'

There are two categories that people freely spend their money on, their children, and their pets. That's why the pet industry has taken off like a rocket the past few years.

Pet ownership is on the rise. Thus, businesses that offer grooming, training and pet supply products are offering franchise opportunities with increasing speed. As is the case in the construction sector, those who choose this industry have access to expert opinions and guidance. For the inexperienced amongst us, this truly is invaluable.'

  • Construction, Light Commercial & Residential Service Based Businesses

The commercial and residential light construction sector is booming! Due to high interest rates, more people are choosing to stay and renovate their homes, rather than move. This means more renovations, more demand and more profitability for these business owners.

Franchising in this sector allows entrepreneurs to tap into a booming and potentially lucrative market. Moreover, construction franchises are able to benefit from established relationships with suppliers and access to industry expertise. Plus, brand recognition, particularly in construction, is instrumental in client retention and capture.

  • Education and Tutoring

As education remains a priority for people from all backgrounds, franchises in the education and tutoring sector are thriving. Popular models include after-school tutoring centres and language schools.'

Whilst franchising in this industry can be profitable, it also provides the opportunity to support the next generation of learners. People often find business ownership in this sector particularly rewarding.

  • Health Care and Medical Services

As well as traditional medical services, the public appetite for cosmetic treatments has risen in recent years. Those looking to expand on a popular hair transplant clinic, for example, will find no better time to do so. The healthcare industry has always been an attractive option for new company owners. With extensive training and guidance given on regulation and best practices, the medical industry could be profitable for anyone set on franchise ownership.

2023 and the Future of Franchising

We hope you enjoyed this article on which industries are most likely to franchise throughout 2023. The franchising landscape, past and present, is diverse and filled with exciting prospects. This is consistent across a wide range of industries, as is demonstrated above. Whilst we have tried to provide an overview here, it is essential to conduct thorough research and careful due diligence before investing in any franchise opportunity.'

We would encourage you to keep an eye on trends, consumer preferences and emerging industries. Franchising can provide a pathway to commercial success and financial freedom, but careful planning should never be neglected.

Are you interested in owning a franchise? Discover our range of handpicked franchising opportunities all across the USA – book your free consultation today. Alternatively, if you have any questions about franchising or would like more insight, get in touch today.

Don't Just Take My Word For It

My American Dream is helping you achieve your American Dream. Take a look at who I’ve helped and learn why the Guerrilla Franchising system was best suited to help them become financial free entrepreneurs.

LAST CHANCE!

How To Tap Into The ‘Money Printing’ Investments Shaquille O'Neal, Venus Williams & Queen Elizabeth II Use To Generate Millions In Passive Income… (Even If You’re Starting With Just $60k Liquidity!)

Forget crypto, property & stocks…  everyday Americans are waking up to the surging investment opportunity that is like writing a blank check to your future self, even if you’ve never invested a cent in your life & don’t have a minute of free time outside of your 9-5!

What is franchising & how does it work?

What is Franchising & How Does It Work?

With the ever-evolving horizon of modern business, franchise opportunities have become an exceedingly popular option, and having been involved in the industry for over 10 years I have been a first-hand witness to the changes in the industry. However, when we ask ‘What exactly is franchising?’ it can be hard to define due to the nature of the industry.. In this article, I will explain the pillars of modern franchising. 

There are three key things we need to keep in mind when we are discussing how franchising works:

Franchises Come In All Shapes & Sizes

It is important to eliminate preconceived notions about franchising or you risk losing focus on the opportunity altogether.

When most people think of franchising their minds drift toward fast food. However, franchising is much more than just takeout. These days you can find franchise models in any industry and the list expands each year… 

Some examples are:

  1. Construction: Restoration or Segmented Home Services
  2. Beauty & Salon: Suites locations or barber or hair cut locations
  3. Travel: Cruise Planners
  4. Real Estate : Commercial & Residential as well as Property Mangement
  5. Cleaning: Commercial & Residential
  6. Retail : Boutique Shops or Estate Sales
  7. Fitness: Boutique and Big Box

Franchising Is Essentially A Business In a Box

The Initial Work Associated With Starting A Business Has Already Been Done For You

When you consider the initial work involved in starting a business, a lot of the work required is front-loaded, meaning that early, during the inception of the business before operations can begin to run smoothly & efficiently. One of the strengths of the franchise model is early tasks associated with entrepreneurship & starting a business have already been completed for you. While an entrepreneur beginning their start-up generally would need to design their own product or service, and business model with their own funding, a franchise generally comes with these key aspects of the business. Additional elements that franchisors can provide are:

  1. Supplier relationships
  2. Legal Support & Compliance
  3. Initial and ongoing training
  4. Technology
  5. Advertising & Marketing
  6. Quality Control
  7. Existing Brand Recognition

Another key aspect associated with a start-up business is the need to establish a reputation and brand recognition, which could take decades or may simply never happen if you are not able to find the right audience or position your brand correctly in the market.

When you buy into a franchise, often come with a strong reputation and may even be nationally or internationally recognised (Think of McDonalds, UPS or Century 21). These mature brands arte trusted in the eyes of the public for decades. When buying a franchise you are also benefiting from their established brand recognition & reputation.

When You Buy A Franchise You Are Never Operating Alone, You Have A Partner

After you pay your franchise fees, you aren’t just left operating on your own. Having been in the industry for over 10 years I can assure you that when you find the right franchisors they are 100% invested in your success. Of course, the franchisors get royalties - however, this is a further incentive for them to support your investment, as your success directly translates to their royalties - so you can be confident that they have your back. Not to mention, those royalties are paying for the support you will receive in the long run.

If you enjoyed this article, consider checking out our Franchising Blog for other similar articles. I have also created a YouTube video on the same topic which can be found above.

Are you interested in owning a franchise? Discover our range of handpicked franchising opportunities all across the USA – book your free consultation today. Alternatively, if you have any questions about franchising or would like more insight, get in touch today.

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How Franchise Fees Work

How Franchise Fees Work

Owning a franchise is a rewarding endeavor that, if managed correctly, can result in unparalleled job satisfaction alongside financial and lifestyle freedom. However, there are a few financial factors that can be sources of confusion for first-time franchisees. In particular, franchise fees can appear more complex than they really are. In this blog post, we'll break down the nature of franchise fees and how they can be dealt with.

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Are franchise fees annual?

Franchise fees aren't annual insofar as there's usually one upfront payment and possibly monthly or annual fees on top of that. Typically, upfront franchise fees usually range from $10,000 to $80,000. The franchise fee, however, provides you with the rights to use the brand and trademarks. However, the franchise fee also comes with other benefits, such as training (depending on the industry and negotiations, this training could be just a handful of hours of online training or weeks of hands-on site experience).

Additionally, the fee entitles you to support the franchise opportunity, such as guidance in promotion, training, recruitment, apparatus and so forth, alongside functional assets such as operations manuals and the website. The franchisor also usually contributes towards the funding and organisation of the opening event of the franchise.


Are franchise fees tax deductible?

Franchise fees are tax deductible - if accounted for correctly. To do so, franchise fees are amortized using a method that means the same amount is amortized monthly or annually. This permits the franchise fee to be recognized on your annual business income tax return. A franchise consultant can generally answer any specific questions pertaining to industry or costs.


Are franchise fees amortized?

Franchise fees are amortized. There are two ways of amortizing the lump sum fee from the agreement which is an important part of a franchise business plan. The fee can be amortized annually, in which case you can split the franchise fee by its useful life (here, you could think of useful life as the number of years on the franchise agreement). For example, if you pay $20,000 for 10 years of useful life, then amortize $2,000 every year. Alternatively, you could break this down into about $170 a month. Either way, debit the amortization account by the required amount and then credit the Accumulated Amortization account by the same amount.


Are franchise fees negotiable?

Franchise fees are negotiable- with certain considerations. Though franchise fees can be negotiated during the agreements, many franchisees choose not to. It's worth taking an objective view and working out what the value of the franchise means to do. Consider the franchise agreement and ensure that you're happy with the expected returns.

If you'd like to negotiate your franchise fee, however, it's advisable to discuss your position with a qualified and reputable franchise attorney who can give you their perspective on the probability of concessions. While it's important to establish a strong franchisor/franchisee relationship for the coming years, it's also your prerogative to note any areas of the agreement that you feel uncomfortable with.

Though many franchisors may not be willing to concede the fee, there's a reasonable chance they may be amenable to changes in the royalties and territory terms. Always feel comfortable asking for changes in more minor aspects of the agreement, such as funds for the grand opening event or oversight during the first month/s of operation of a construction franchise for sale. Once again, it circles back to considering how valuable a prospective franchise is - if it's a high-quality opportunity, the franchise fee will be amply returned through the course of ownership.

Are you interested in owning a franchise? Discover our range of handpicked franchising opportunities all across the USA – book your free consultation today. Alternatively, if you have any questions about franchise fees or would like more insight, get in touch today.

The History Of Franchising

History of Franchising

The History Of Franchising

Franchising is a rich and interesting part of American business history. Today, franchising continues to be a core factor in global innovation. Throughout the history of franchising, there have been several notable touchpoints where trailblazers have established tactical business arrangements that closely resemble franchising as we understand it today.

History of Franchising

The history of franchising started in the Middle Ages when people would enter agreements with tax collectors. The monarchy in England and other parts of Europe would bestow land to their citizens in return for cultivating armies, carrying out tax collecting duties and building toll roads.

However, the practice in its current form didn't flourish until the 20th century in America, though there have been several notable case studies of franchising opportunities before then.


What was the first franchise?

The first franchise was in 1731 when Benjamin Franklin entered an agreement with Thomas Whitmarsh in Philadelphia. Though they termed their agreement a 'co-partnership' - as the word 'franchising' hadn't been invented yet, the agreement terms looked suspiciously like a franchise for sale Philadelphia, where they negotiated branding and disbursement rights. Whitmarsh would be given the rights to print Franklin's works in exchange for buying his printing materials exclusively from Franklin. Later, Benjamin Franklin would enter franchising agreements with several vendors.

When did franchising start?

Franchising started in 1731with Benjamin Franklin's 'co-partnership' business agreement but really hit its stride in the mid-20th century when beverage and Texas food franchises became highly popular and profitable. Since then, franchising expanded to incorporate a number of industries, such as fitness gym franchises, accountancy, photography, automation, and so forth.

Some high-profile franchises that helped normalize franchising as a lucrative business investment include:


  • Coca Cola - the global giant, which has consistently ranked in the top five richest companies in the world, started as a franchise. In 1889, the company began to sell the rights to businessmen owning the means to produce it on a large scale. Part of its success was its recognizable bottle shape and patented secret formula. Coca Cola's ingenious franchising system also allowed them to uncover new untapped markets and territories, allowing the sensation to sweep across the world.

  • 7-Eleven. The popular retail franchise had a humble beginning as a handful of convenience stories. However, one of its founding directors, Joe Thompson, ensured that the staff would be trained and given uniforms so that customers would receive the same quality of service at each store. The franchise also stumbled upon a niche in its unprecedented opening times - 7am to 11pm.

The 20th century also saw the beginning of a number of other highly popular and successful franchise business plans, such as Western Union, Wendy's, Hertz, and hundreds more.


Who invented franchising?

Franchising was invented bya number of ambitious people. Though technically it has no founder, it has a long history of innovation and well-judged investments.

For example, one of the earliest franchises was the Singer sewing machine, developed by Isaac Merritt Singer in 1851. Singer traded local company control for a share of the profits, a straightforward way of expanding his brand of sewing machines. Singer also provided each franchised factory with the equipment and specialized products to enable a consistent and recognizable brand. The Singer sewing machine empire continues today, shaped by Singer's legacy of clever branding and distribution rights. Singer's franchising displays the power and longevity of successful franchising.

If this article has inspired you to consider owning a franchise, you can book your free consultation on our home page. Guerrilla Franchising is proud to offer an expertly chosen selection of franchising opportunities across various industries and parts of the USA. We match franchisees with their perfect opportunity and support them throughout the management process. To discover more about our services, please get in touch.

6 Telltale Signs Of A Poor Franchising Opportunity

6 Telltale Signs Of A Poor Franchising Opportunity

When conducting due diligence on a potential franchise investment, it is essential to thoroughly research each opportunity. It is important to be aware of potential warning signs that may indicate underlying problems. Here are a few issues to be cautious of:

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1. The Franchisor is Unprofessional or Evasive

When evaluating franchising opportunities, it is essential to ask pertinent questions and carefully scrutinize the franchisor's responses. If the franchisor is unprofessional, evasive, or overly aggressive, it is a red flag. If they do not treat you with courtesy and professionalism during the sales process, it is unlikely that they will be any easier to deal with as a franchisee.

2. Existing Franchisees Are Unhappy

If a significant number of current franchisees seem unhappy, it is best to consider other franchise opportunities in Texas. Ideally, you should speak with franchisees who are content with their business's financial results and the value they receive from the franchisor.

3. High Franchisee Turnover Rates

During the due diligence process, you should review the Franchise Disclosure Document (FDD). The franchisor must disclose the history of franchisees who have left the system and the reasons for their departure. A high rate of turnover can be a warning sign, and you need to determine if it means the business is not consistently profitable.

You should differentiate between units that close due to owner failure and units that the owner sells as an exit strategy. In a younger franchise system such as salon suites franchises, significant turnover should be thoroughly investigated. If turnover is a result of franchisee terminations, this is cause for concern. Turnover due to the resale of successful units is a different matter.

4. The Franchise or Franchisee Has A History of Litigation

Review the Franchise Disclosure Document (FDD) to determine if the franchisor has a history of litigation. As a general rule, more than one or two cases per 100 franchisees could indicate a problem. It is important to examine the contested issues to differentiate, for example, actions brought by the franchisor against franchisees who are not paying their bills versus those brought by franchisees alleging misdeeds by the franchisor.

5. It All Seems Too Good To Be True

We've all heard the saying and unfortunately, in franchising, it rings especially true - 'If something seems too good to be true, it usually is'. If a franchisor is unwilling or unable to acknowledge and disclose the flaws in it's business, it is a warning sign. Transparency is essential, and a franchisor should inform prospective franchisees about both the challenges and benefits of their business.

6. Lack Of Or Poor Quality Training

Insufficient Training and Support are critical issues that can impede the success of a franchise. One of the unique features of a franchise is its established business model & franchise business plan, which franchisees follow to achieve a similar level of success. This process requires constant and effective support from the franchisor, which ultimately benefits both parties.

When a franchisor fails to provide adequate training or assistance, it may indicate that the operating system is untested or that they do not prioritize the success of their franchisees. Additionally, frequent changes to the franchise model can become increasingly difficult for franchisees to keep up with, hindering their ability to achieve success.

For more information or questions regarding your situation you can get in touch with our franchise consultant Dan Lorenz & for a limited time even book a strategy session in with him via our home page.