Franchises for the Summer
I hope everybody had a great 4th of July. We’re now officially two weeks into summer and that means that it’s the perfect time for you to start a summer franchise. Here are five great franchise choices that will position you for success this summer and beyond.
- Kono Pizza - Pizza in a cone is more than just a novelty. With fresh, quality ingredients Kono Pizza offers customers a quick and easy food option. The franchise is looking to expand rapidly in the United States and offers franchisees three great paths to success. You can open a kiosk, a food cart, or a store - whatever setup is best suited for your situation.
- Kumon Math & Reading Centers - The demand for tutoring services for children is continuing to grow at a rapid rate. With school admissions becoming more and more competitive parents are looking for every opportunity for their children to get extra help. Kumon’s extensive experience helping children puts you in a great position for success right away. Whether it’s in the summer, the fall, or the spring the tutoring industry is going strong so you should get started today.
- Menchie’s - The Froyo craze is still going strong and Menchie’s gives you an opportunity to get into the game. With more than 70 rotating flavors you can ensure that your customers are able to get exactly what they want. Summer is the biggest time for this market, but it continues to be successful year-round.
- BodyBrite - The skincare industry thrives in summer months. People are more conscientious about their bodies and are willing to spend a lot of money to work on them. BodyBrite has a proven model to help you get into this industry at a relatively low cost.
- Dickey’s Barbecue Pit - Who doesn’t love some amazing barbecue on a hot summer day? And who doesn’t love running a franchise that has 5 major revenue streams? Put those two together and you have a franchise that is poised for summer success. Dickey’s franchisees can make money on dine-in, retail, take-out, catering, and holiday meals.
Interested in opening a franchise but not sure where to start? Take our free franchise matching quiz & find the perfect franchise for you today.
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.
5 Profitable Franchises for 2015
The point is that he was so blinded by his desire to open one particular franchise, that he had no idea about anything other than the brand name.
Quantifying Yelp's Impact on the Restaurant Industry
Luca studied the effects of Yelp ratings on the revenue of restaurants and discovered several interesting findings. Studying the relationships of restaurants' revenues to their Yelp reviews in Seattle over a period from 2003 to 2009, he found a significant relationship between a restaurant’s average rating and revenue. One star’s worth of improvement on Yelp leads, he found, on average to an increase of between 5 and 9 percent in revenue. The average rating is more important than the review, as many Yelp users are overwhelmed by the sheer number of reviews on manyrestaurantpages and find it easier to consult the star rating. Luca also found two features which exacerbate the effect on revenue Yelp has. First, the more reviews a restaurant has, the more impact an increase in its Yelp rating will have on its revenue. Second, the more reviews by Yelp “elite” members, the more impact; “elite” reviews have almost twice as much impact as other reviews.