If you wish to perceive the franchise trade at this time, this stat is a superb place to begin: Greater than half of all franchise models working within the U.S. final yr — to be precise, 53.2% of these models — had been owned by multi-unit house owners. That is based on franchise analysis and advisory agency FRANdata. And this tracks properly with what’s occurring 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 approach to develop.
Right here at Entrepreneur, it made us surprise: What are the highest franchise manufacturers for multi-unit possession?
Associated: 5 Encouraging Information to Know About Multi-Unit Franchising
To seek out out, we requested franchisors just a few 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 eventually, do they solely promote a number of models or grasp licenses? Then we factored in every firm’s Franchise 500 rating, which relies on an evaluation of greater than 150 knowledge factors within the areas of prices and costs, measurement and progress, franchisee assist, model power, and monetary stability.
The result’s this first-ever checklist — a useful useful resource for anybody desirous about multi-unit possession. Nevertheless, this checklist shouldn’t be construed as an endorsement of any specific model. Whether or not you are shopping for one unit or 50, it’s best to all the time do your homework. That features studying the corporate’s authorized paperwork, consulting with an lawyer and an accountant, and naturally, speaking to as many franchisees as you possibly can.
See the Finest 150 Franchises for Multi-Unit House owners franchises checklist right here.
