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Franchise Business Review Spotlights Top 50 Multi-Unit Franchise Opportunities
Brick and mortar, service franchises both get their due.
This may sound like the beginning of a bad joke, but stick with me here: What do Sotheby’s, Checkers & Rally’s, Sport Clips and Toppers Pizza all have in common?
According to Franchise Business Review, they all represent excellent brick and mortar multi-unit opportunities for entrepreneurs.
However, brick and mortar businesses only represented half of FBR’s Top 50 Multi-Unit Franchises Special Report. The other half of the list was saved for the best service multi-unit franchises.
Weed Man, Two Men and a Truck, Mosquito Joe and Right at Home all popped up on this list as ripe opportunities for business owners.
The FBR Special Report also highlighted some interesting facts about multi-unit franchisees themselves - the white whales to franchising’s Captain Ahab.
For instance, 80 percent are college graduates and nearly a quarter can boast an advanced degree, such as a masters or doctorate.
Most pleasing of all to franchisor ears, however, may be the fact that just under 40 percent of multi-unit franchisees own 5 or more units. And building up this portfolio doesn’t have to be a life’s work, as data showed almost 20 percent of multi-unit franchisees have less than two years’ experience in the industry.
Read the full report here.This may sound like the beginning of a bad joke, but stick with me here: What do Sotheby’s, Checkers & Rally’s, Sport Clips and Toppers Pizza all have in common?
According to Franchise Business Review, they all represent excellent brick and mortar multi-unit opportunities for entrepreneurs.
However, brick and mortar businesses only represented half of FBR’s Top 50 Multi-Unit Franchises Special Report. The other half of the list was saved for the best service multi-unit franchises.
Weed Man, Two Men and a Truck, Mosquito Joe and Right at Home all popped up on this list as ripe opportunities for business owners.
The FBR Special Report also highlighted some interesting facts about multi-unit franchisees themselves - the white whales to franchising’s Captain Ahab.
For instance, 80 percent are college graduates and nearly a quarter can boast an advanced degree, such as a masters or doctorate.
Most pleasing of all to franchisor ears, however, may be the fact that just under 40 percent of multi-unit franchisees own 5 or more units. And building up this portfolio doesn’t have to be a life’s work, as data showed almost 20 percent of multi-unit franchisees have less than two years’ experience in the industry.
Read the full report here.Don’t Miss the Next Big Franchise Story
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
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