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Top_Franchises_For_2007

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					Top Franchises For 2007

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Summary:
Once you’ve done your research and decided that buying a franchise is the
business opportunity for you, you will, of course, have to select the
franchise in which you want to invest. Your choice will undoubtedly be
based on many criteria, not the least of which is potential for
profitability.

There are many resources available to help a potential franchisee choose
the franchise that is the best fit for him.

For example, entrepreneur.com ranks franchises annually in thei...


Keywords:
top franchises, franchise opportunities, buying a franchise, business
opportunities


Article Body:
Once you’ve done your research and decided that buying a franchise is the
business opportunity for you, you will, of course, have to select the
franchise in which you want to invest. Your choice will undoubtedly be
based on many criteria, not the least of which is potential for
profitability.

There are many resources available to help a potential franchisee choose
the franchise that is the best fit for him.

For example, entrepreneur.com ranks franchises annually in their
Franchise 500® list. Entrepreneur.com judges all companies—regardless of
size—on the same criteria. Objective and quantifiable data are used to
assign each company a cumulative score, and the companies earning the
highest scores then become the Franchise 500® list.

Some of the factors considered include: financial strength and stability,
growth rate and size of the company, number of years in business as well
as number of years franchising, start-up costs, litigations, percentage
of terminations and whether a company provides financing. All of the
financial data considered is audited by an independent CPA to ensure
accuracy.

The top ten of this year’s Franchise 500® included companies such as The
UPS Store/Mail Boxes Etc. This is the largest franchisor of retail
shipping, postal and business service centers in the world.

UPS acquired Mail Boxes Etc., Inc. in 2001, and in 2003 the two companies
introduced The UPS Store. This company has enjoyed massive growth that
included 500 new locations in the first year alone. By 2004, the company
had over 5,000 locations. The UPS Store/Mail Boxes Etc. has been
designated as the number one franchise opportunity in the postal and
business services category of the Franchise 500® for 16 consecutive
years.

Another ranked list of franchises is The Franchise 50 Awards. This list
is compiled by the Franchise Business Review, which is a national
franchise market research firm that conducts independent surveys
measuring the satisfaction of franchisees. Since profitability is a major
factor in whether or not you’ll be satisfied with a franchise, The
Franchise 50 Awards list is also a good tool to use in your decision-
making process.

Included in The Franchise 50 Awards top ten for 2007 were companies such
as FASTSIGNS, Synergy HomeCare, 1-800-GOT-JUNK?, i9 Sports and CertaPro
Painters. The Franchise Business Review also ranks franchises in 16
different industry categories. For example, earning top honors in the
automotive category was Matco Tools.

FASTSIGNS

This company provides custom signs, graphics, banners, trade show
exhibits and vehicle graphics using the best computer technology
available. FASTSIGNS boasts nearly 500 locations worldwide, and they are
continuing to grow. The average per store gross sales reported in
FASTSIGNS’ 2006 UFOC was $620,000.

Synergy HomeCare

With more than 34 million people over the age of 65 currently residing in
the U.S., the demand for non-medical, in-home care is at an all-time
high.

Synergy HomeCare provides comprehensive training for new franchisees to
ensure success in this rapidly growing industry. New franchisees in this
company are each assigned a franchise start-up representative to guide
them through the start-up process. A pre-class workbook is provided to
assist franchisees in completing the research necessary to successfully
operate in their local areas. After this is completed, new franchisees
attend a five-day training program at Synergy HomeCare’s corporate
headquarters.

Synergy HomeCare also provides ongoing support to their franchisees in
these additional areas: staffing, marketing, software and intranet.

1-800-GOT-JUNK?

This junk removal franchise has grown by over 500 percent in the past
three years. This is a young company that is poised to dominate a newly
developed niche market.

This company is actively seeking franchisees who will adapt well to its
“work hard, play hard” corporate culture. Ideal candidates should be
aggressive, results-oriented people who are excited about long-term
growth and who exhibit strong leadership capabilities.

i9 Sports

i9 Sports operates youth sports leagues, camps and after-school programs
for children ages 3-14.

This franchise has a low start-up cost in addition to classroom training
and a franchise support coach. Franchisees in this system enjoy the
freedom of dictating their own working schedules because these businesses
are operated directly from franchisees’ homes.

Each franchisee is granted an exclusive territory to maximize the
potential for long-term growth in this huge market. Organized sports are
played by over 100 million Americans, but many are disappointed in the
poorly organized sports programs available to them locally. This
franchise offers a great opportunity to meet a community need.

CertaPro Painters

Home services is a $100 billion a year industry, and this franchise
offers you the opportunity to be part of that industry by providing both
residential and commercial customers with full service painting. CertaPro
also offers specialty painting services such as faux finishes.

CertaPro has been in business since 1992, and they offer a comprehensive
initial training program. This company also encourages and facilitates
strong interaction between franchisees through a national convention,
regional meetings and business planning groups.

Matco Tools

This franchise manufactures and distributes professional automotive
equipment, tools and toolboxes. Their product catalogue boasts over
13,000 items including hand tools, power tools, diagnostics, tool
storage, heavy-duty tools, shop equipment and OEM-specified service
tools. The product offering is updated on a continual basis to ensure
availability of the latest tools.

This franchise differs from others you may have researched because there
are no franchise fees, ongoing royalties or advertising fees. Starting
the business does not require the purchase of expensive real estate, and
you won’t need to hire any employees.

Matco Tools offers start-up financing through an in-house department as
part of a comprehensive support system that includes: Matco Distributor
Business System (MDBS), Matco Customer Service Support Team, Matco
Distributor Advisory Council (MDAC), national advertising and racing
support.

Final Comments
So, you can see just by this very short list that the possibilities with
franchising are virtually limitless. There are many franchises that are
consistently outperforming the rest in terms of profitability and
franchisee satisfaction, and you can use the tools discussed in this
article to find out which ones they are.

All that’s left is for you to decide which franchise is the best match to
your personal business style.