AARP On Franchising
A member sent this story in to Mr. Blue MauMau from AARP Bulletin Online, an online journal of the American Association of Retired Persons for people age 50 and over.
Of 760,000 franchises dotting American shopping malls and street corners, a franchise "saves... [business owners] the pain and agony of building a business from scratch," says Terry Hill, a spokesman for the International Franchise Association in Washington.
AARP's top 5 franchise picks of 2006:
- Quiznos Sub
- UPS Store, the Mail Boxes Etc.
- Jackson Hewitt Tax Service
Its list looks identical to Entrepreneur's 2006 top franchise list.
The article includes a cautionary warning from consultant John McDorman:
"Franchisers charge upfront fees and then take a percentage of the business. But one year into it, you may say, 'What are these clowns doing for me?'"