Franchising has long been a promising field for those who want to hedge their bets when establishing a successful business. Frankly, although the costs can be considerable, the rewards can also be.
If you think franchising might be the ticket for you, start by studying your options carefully. Almost all franchise companies made considerable efforts to give their potential franchisees full information about what they can expect when they make an investme
In 1984, Hampton Inns started as an alternative to high priced hotels, despite still offering not only multiple-roomed accommodations, but something totally different, free continental breakfast to guests as well as free local phone calls. Eventually bought out by Hilton Hotels in 1999, Hampton soon started franchising, opening locations across the country.
In 1965, a 17-year old student named Frank DeLuca borrowed $ 1,000 from a friend to start a small sandwich shop in Bridgeport, Connecticut. He soon became so successful that he not only worked his way through school on his business, but he soon started offering franchises to others.
Jiffy Lube Intl Inc
Jiffy Lube Intl Inc. was started in 1979 when Jim Hindman, the owner of seven fast-lube service centers responded to the rapid decline in traditional gas stations in offering basic car maintenance services.
Seven Eleven Inc
In 1927 and ice salesman in Dallas, Texas, started selling extras such as milk and bread on his route. Sales became so good that he soon bought out the company and started opening what became convenience stores throughout the country. First called “Tot’m” stores, they soon became 7-11s, since those were the hours of operation, 7 a.m. to 11 p.m.
In 1975, Supercuts was formed in an effort to offer an alternative to both high-priced salons and corner barbershops. The model was to allow patrons to pick and choose among services, and with a hair cutting technique that only took about 20 minutes, customers not only paid less for the cuts they received, but were in and out of the stores in less time.
Anytime Fitness provides clean, safe, fully-equipped fitness centers 24/7, despite being unstaffed much of the time. This is offered thanks to heightened security measures at each location.
Servpro has been in business since 1967 as a cleaning and restoration service for those who have suffered damages to their homes or businesses as a result of fire or floods. Franchisees also offer mold remediation, carpet and upholstery cleaning, and related services.
Denny’s Inc. was started in 1953 by Harold Butler, who soon had 20 locations. Today, the firm serves breakfast, lunch, and dinner, 24/7.
McDonald’s was started in 1940 when two brothers, Richard and Maurice McDonald started a restaurant in San Bernardino, California, featuring hamburgers that were created using assembly line techniques. In 1954 a milkshake machine salesman named Ray Kroc ventured into the business to show them his wares and eventually bought them out. The rest is history.
Pizza Hut Inc
In 1958, Pizza Hut was started by two brothers in Wichata, Kansas. They were so successful that one year later they incorporated and began offering franchises.
The cost of becoming a franchisee in some of these businesses can be, of course, very high. On the other hand the rewards can be very great. As has been proven in many cases, besides the right to use names and images, most franchise owners have access to proven principles that can lead to great success.