5 Hot Franchises for 2015
Looking ahead to 2015, here are 5 different franchises that we think are going to growing at an incredibly rapid rate:
Fresh U – Here’s a franchise that’s trying to take advantage of two major trends in the U.S. society – health consciousness and technology. Using a proprietary ordering app, customers at this Hoboken-based franchise are treated to awesome fresh food quickly.
Expense Reduction Analysts – Every business is looking to cut costs and this franchise helps businesses get that job done. As the economy continues to recover, businesses are going to keep looking for ways to unlock profit.
Uptown Cheapskate – One of the hottest franchises around, this franchise is all about marry resale and retail. Think of a high-end thrift store. People are always looking to upgrade and recycle their wardrobe, and Uptown is there to make the process enjoyable and lucrative.
Hard Knocks – Everyone is looking for a new “experience” and Hard Knocks brings laser tag to the next level. Hard Knocks is clearly the market leader in combat entertainment, and this franchise may explode in 2015!
Fresh Coat Painters – Although painting has been around for a long time in the franchising realm, Fresh Coat is poised for a major breakthrough. With locations in over 100 cities across America, they have a proven business model that can work for anyone.
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Franchise Disclosure Document for Dummies – Part 7
In Item 17 of the FDD, franchisors are required to provide summaries and cross-references for 23 key provisions in the franchise agreement. A careful franchise prospect will have the entire franchise agreement reviewed in-depth by an experienced franchise attorney, but the Item 17 disclosures can provide a quick guide to use in a preliminary analysis of the franchise opportunity.
MinorityFran Changing the Game for Minorities in Franchising
As far as the incentives go, there are three main categories that franchisors tend to work with when they're looking to increase access to their systems for minorities. The most popular method used, by far, is to offer discounts on initial franchise fees. The second most popular incentive offered to minorities by franchisors is financing assistance and other discounts to help pay off the sizable franchising fees that new franchisees incur. Finally, in rare instances, franchisors offer minority franchisees administrative and development support above and beyond what they provide to the non-minority franchisees in the system. Here is a list of franchises that have gone the extra mile to reach out to minorities looking to get involved in franchising.
Franchise Ownership in Your 20s
Your 20s are defined by exploration and the capture of novel experiences. As the shape of your future begins to take form you may find yourself aiming for financial independence and professional success on an earlier time scale than your peers. You are more resilient to stressors and less risk averse, which, combined with having less obligate focus on medical, marital, familial, or personal matters (relative to later decades in life), positions you to invest considerably more time and energy taking a hands-on approach to growing your business.