How to Find a Franchise Startup With Potential
My latest blog in Forbes provides a process that prospective franchisees can follow in order to find the lowest risk franchise startups with the best potential.
Approximately 300+ new franchise concepts start up each year. A recent paper I wrote, reported that 30.6% of startup franchises over a four year period had zero or one franchise locations, on the positive side 42.2% had 26+ locations after five years from startup. There are definite opportunities available from investing in a franchise startup. These include more available territories and more willingness by the franchisor to negotiate terms of the franchise agreement.