"The survey found that growth potential for franchising worldwide is increasing at a very fast past. The global market is far from saturated," said Leonard Swartz who, at the time of the survey , was Arthur Andersen's worldwide managing director of franchise services.
The franchising giants have their special niches. For example, Coca-Cola sends a syrup concentrate to franchise bottlers because it cannot ship such high volumes of whole bottles and cans. Kentucky Fried Chicken still relies on its secret herb recipe for franchises across the globe. General Motors has franchises that deal not only in vehicle sales, but also in vehicle financing and in real estate.
Kentucky Fried Chicken is a franchising brand owned by Yum! Brands Inc. Others are Taco Bell, Pizza Hut, Long John Silver's and A&W.
But keep in mind that in all countries across the planet, the main economic engines are small businesses, including small franchises. People want more than sodas, fast food and cars.
For example, there is an increasing demand for improved education.Bette Fedder, an America teacher, developed a drawing school in her own home. She then grouped a curriculum and began to recruit potential franchise operators. Young Rembrants now has franchises all across the United States and now in South Korea, with plans to expand on an international level. Other tutoring companies have franchises that focus on helping students with overall general education, writing essays, science and math.
Global Trade means that more orders than ever are shipped internationally. UPS may dominate, but smaller companies are also experiencing strong growth such as P.A.S.S. Shipping and Handling which has 800 franchise stores around the world.
The International Finance Association explores the costs and benefits of becoming a franchisee. You'll have to pay a one-time upfront franchise fee to the franchisor -- anything from $50,000 to open a Little Caesar's pizza parlor to $800,000 for a Comfort Inn, for example. You may also have an arrangement that involves a royalty contribution or "turnover royalty" as a percentage of monthly gross sales, and an advertising contribution to the parent company.
Once you're a franchise owner, all the franchisor wants is for you to succeed Once you qualify, you will receive continual, valuable support and advice.
If you are seeking a franchising opportunity, be careful about companies that describe themselves as "fast growing" as growth can indicate that a company is moving toward success, but can also indicate a growth is too fast and that the company is allowing too many new franchises at once. Look for a franchise with consistent and steady growth.
International franchising opportunities includes computer technology, food industry, cleaning products and services, home health care services, home repairs, health and beauty, sports and recreation, travel and hotel. Those are just to name a few.
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