July 08, 2008
If you missed the last edition,
Startup Business
Templates
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Franchise Business Plans
With literally thousands of franchises to
choose from, it is not always easy to pick the winner. One of the
ways to measure the success of a franchise is to see what percentage of
the franchise locations are successful, and which ones have high failure
rates.
With that yardstick, some of the top
franchises are
- IHOP
- Subway
- Choice Hotels International
- Edible Arrangements
- Sport Clips
- Travelodge
- Best Western
... while some of the worst are
- All Tune and Lube
- Atlanta Bread Co. Bakery
- Blimpie Subs & Salads
- Carvel Ice Cream
- Cornwell Quality Tool
- Cottman Transmission
- Golf Etc.
- Matco Tools
- Philly Connection
The failure/success rate is not the only
measure of the success of any business or any franchise. The Wall
Street Journal lists its
high performers ranking. And Entrepreneur Magazine lists
a bunch of top 10s.
When you're ready for funding, make sure
your franchise business plan
is up to snuff. A solid business plan will save you gobs of time
and money.
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