Franchise Fad or Here to Stay?
Franchise buyers often look for investments that explode on the scene. Concepts that are quickly growing make it easy to get on the buying bus. But the question is whether that bus with all its franchise passengers is driving off a cliff. "The latest idea always seems to have lots of sex appeal," says Jeff Elgin, founder of Minnesota franchise consulting company FranChoice. "That draws in otherwise intelligent buyers with the illusion that they are getting a strong business."
Take a look below and tell us what is your guess on which concepts are here to stay and which are on their way out?
Entrepreneur.com says these wacky franchise concepts are booming:
- Dog services like Camp Bow Wow or dog pooh clean up services like Pet Butler
- Pretzels
While these have imploded:
- eBay Stores like iSold It
- Meal prep kitchens like Dinner by Design or Super Suppers
Will Fro-yo be today's boom that turns into tomorrow's folly, or is it here to stay?
- Frozen yogurt shops like Red Mango and Pinkberry
- Franchise topic:
