Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Franchise Opportunities – Where do I start?

Find your way through the many franchise opportunities available.

Choosing a franchise can be a positive experience or a shot in the dark investment. Like most decisions, a systematic process for exploring and evaluating your options makes it much more likely that you'll be happy with the outcome. This guide will make your research faster, easier and more productive.

Business Franchise Opportunities - Self Assessment

Before looking at the vast amount of franchise information on the web, take a look inward.

  1. Available Capital – Will you be financing your franchise on your own, or considering loans? Franchises often require new franchisees to have far more capital than they'll typically use, because insufficient capital is the number one reason for franchise failure. Here are a few popular financing options you might consider:
    • Franchisor Loans: Some brands offer to finance their franchisees.
    • SBA Loans: The Small Business Administration offers loans to qualifying applicants.
    • Commercial Bank Loans: Available at your local bank branch.
  2. Time Commitment – Many franchises require an owner to be present for a majority of business hours. How many hours are you able to commit?
  3. Goals – Why are you starting a franchise in the first place? Most people go into the process with something specific in mind, and recognizing that is critical to fulfilling it.

Top Franchise Opportunities - Industry Assessment

Analyze the industries you're interested in to make sure you're picking one with good opportunities.

  1. Historical Trends – Has the industry been growing in recent years? Are franchises in the industry successfully adapting to changing customer demands?
  2. Short-Term Projected Growth – The first few years are going to be a struggle for survival as you build a customer base and awareness for your franchise. You don't want to be competing for a shrinking market during this period.
  3. Long-Term Projected Demand – Will your services still be in demand in 15 years or however long you plan to work?

To save you time, we offer free Industry Reports on everything from auto service to pizza chains, which many people find useful for making the right decision. Check them out on main menu bar above.

Best Franchise Opportunities - Franchise Assessment

Common Mistakes to Avoid

  1. Don't limit yourself to franchises you're familiar with. A franchise offers a lot more than brand awareness – proprietary tools, training, marketing, and methods should be a major part of your selection process.
  2. Don't write off a brand just because its franchise fee or capital requirement is above the industry norm. The franchise fee usually reflects the level of value you should expect to receive.

Bottom Line: Give more weight to the services the company offers than your initial impression.

Steps to Get Started

  1. Browse through the opportunities in your industry. You can access our database through the 'Search By Industry' tab at the top of this page or narrow your search to our low cost franchises.
  2. Review the capital requirement to make sure you qualify.
  3. Pick out about 5 to explore further and you're well on your way.
The Franchise Experience

Many of the franchisees we talked with had to make a decision first on whether they would open an independent business or a franchised one. A few of their stories follow.

How to Read the Franchise Disclosure Document and Red Flags to Look For

This webinar is designed to help you learn how to choose a franchise wisely. Your selection process should consist of thorough research, analysis, and focused investigation. Understanding how to properly read and analyze the franchisor's required documentation, the Franchise Disclosure Document (FDD), is one of the most important activities you will perform in your franchise selection process.

Perspire Sauna Studio Inks 3-Studio Development Deal for Phoenix, Arizona

PHOENIX, Ariz. (MAY 16, 2024) – As the Arizona summer fast approaches, Perspire Sauna Studio, the country’s largest full-spectrum infrared (IR) and red-light (RL) sauna therapy franchise, is only picking up steam in The Valley of the Sun; announcing this morning a new 3-studio deal with locals Caleb and Ellary Rath, who shared that “There’s no better time to break this development news and think about a Perspire Sauna Studio membership than now.”