If you wish to perceive the franchise business at present, this stat is a superb place to start out: Greater than half of all franchise models working within the U.S. final 12 months — to be actual, 53.2% of these models — have been owned by multi-unit house owners. That is in keeping with franchise analysis and advisory agency FRANdata. And this tracks properly with what’s taking place in franchising extra broadly, as formidable franchisees wish to personal a number of models, and franchisors see multi-unit operators as an environment friendly and battle-tested option to increase.
Right here at Entrepreneur, it made us surprise: What are the highest franchise manufacturers for multi-unit possession?
Associated: 5 Encouraging Details to Know About Multi-Unit Franchising
To seek out out, we requested franchisors a number of related questions: Do they provide reductions to franchisees buying a number of models? What proportion of their franchisees personal a number of models? What proportion of their model’s whole models are owned by multi-unit franchisees? What’s the common variety of models owned by every franchisee? And at last, do they solely promote a number of models or grasp licenses? Then we factored in every firm’s Franchise 500 rating, which is predicated on an evaluation of greater than 150 knowledge factors within the areas of prices and charges, dimension and progress, franchisee assist, model power, and monetary stability.
The result’s this first-ever checklist — a useful useful resource for anybody considering multi-unit possession. Nevertheless, this checklist shouldn’t be construed as an endorsement of any explicit model. Whether or not you are shopping for one unit or 50, you must at all times do your homework. That features studying the corporate’s authorized paperwork, consulting with an legal professional and an accountant, and naturally, speaking to as many franchisees as you’ll be able to.
See the Greatest 150 Franchises for Multi-Unit House owners franchises checklist right here.