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5 Hot Franchises for 2014

Contributed by Franchise Financing Partner Guidant Financial Group.

Looking ahead to 2014, quick service food and cleaning services are perennially popular and lucrative franchise opportunities. Here are five white-hot franchises that may surprise you.

Painting with a Twist

Art, friends, and wine. Painting with a Twist is burning up our Facebook feeds and growing at a tremendous rate. Cathy Deano and Renee Maloney began franchising their Corks N Canvas business as “Painting with a Twist” in 2009 and there are now 106 locations to enjoy social art instruction.

School of Rock

Good times or bad, people will always spend money on their children, making kid-centric businesses virtually recession-proof. School of Rock combines music education and rock n roll with the added benefit of an unofficial tie-in movie (2003’s The School of Rock starring Jack Black). Franchising since 2005, there are over 100 schools worldwide with more than 10,000 little rockers enrolled.

Liberty Tax Service

Taxes may not be sexy, but they’re unavoidable. What makes Liberty hot? It’s on both the Entrepreneur list of Fastest Growing Franchises (#5) and the Forbes list of Top Ten Franchises for the Buck (#7). There are over 4,000 franchise locations in the U.S.

ShelfGenie

The company was founded in 2000 in Richmond, Va. and began franchising in 2008. Currently there are 123 franchise units in the U.S. ShelfGenie franchisees design and install custom shelving featuring the trademarked Glide-Out shelves. This business can be run from home and is an Entrepreneur Top 10 New Franchise for 2013.

HUMAN Healthy Vending

Everyone from the media to educators to the First Lady of the United States are waging a war against fatty, nutrient-poor food. There’s never been a better time to jump into the health food business, and this company does it in an innovative way: through vending machines. Founded in 2008, HUMAN Healthy Vending has been lauded in the press as one of “America’s Most Promising Companies” (Forbes) and Entrepreneur Magazine’s “100 Brilliant Companies” of 2011.

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Watch out, Franchisees! 10 Franchisor Red Flags

Only a limited number of states require registration by franchisors, and franchisors are by no means required to register in states where they have no intention of selling franchises. However, if a mature franchisor appears to be consciously avoiding the registration states, this may suggest some level of internal concern about the FDD, the franchisor’s sales tactics, or the franchise system as a whole. The cover pages of the FDD will identify where the franchisor is required to register (and whether it has registered or not), and the charts in Item 20 of the FDD will explain whether the franchisor has ever sold a franchise in any of the registration states.

Getting Started - What is a Franchise

Most of you are probably already familiar with franchises. You may even patronize a variety of franchised businesses without realising that they are franchises. These businesses range from car servicing and financial services to yogurt and home repairs. According to the International Franchise Association(IFA) franchises employed nearly 9,000,000 Americans in 2015 and generated nearly $880 billion. Franchising is difficult to escape.