Top 10 Franchises Back in 2006

Top 10 Franchises Back in 2006

Want to buy a franchise on the leading edge of business, technology or innovation? Below is a list of the Top 10 Fastest Growing Franchises.

Thinking about buying a franchise this year? Many entrepreneurs try to avoid the fastest growing franchises in their purchasing decisions, fearful of market saturation and increasing competition in the marketplace.

In fact, fast-growing franchises are a plus for entrepreneurs looking to invest: these are companies willing and able to work with new franchisees, as evidenced by their track records and financial successes. Additionally, the costs associated with being a franchisor for a fast-growing company are (generally) lower than less established franchisors, and the name-brand recognition is high.

Many different web sites post a list of the top 10 franchise opportunities available each year. They usually compile and present a short history, capitalization information, number of franchises and contact information for each of the franchises ranked. For the year 2006, only twenty percent of the top 10 rankings went to food-related franchises, five of the top ten are cleaning franchises and the remaining 3 places go to real estate, health and fitness franchises.

Here is a list of the top 10 fastest growing franchises of 2006:

1. Subway: Franchise startup costs: $75,000 - 223,000 with $15,000 of that as franchise fees. All U.S., Canadian and foreign regions considered or available. 8% royalties.

2. Jan-Pro Franchising International Inc. (commercial cleaning): Franchise startup costs (from web site): "On average, the cost for a Master Franchise territory or major metropolitan area is based on $17,500 for every 100,000 in population." Canadian and U.S. regions available, with these locations already taken. 10% royalties. Also #8 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

3. Dunkin' Donuts: Requires liquid assets of $750,000 for 5 franchises, with $1.5 million total net worth to open a franchise. Also has specific demographic, site and lease requirements. Great franchise territory map which lists territories available as well. 5.9% royalties.

4. Coverall Cleaning Concepts: Franchise startup costs: $6,500 - 36,000 with $6-32,000 of that as franchise fees. All U.S., and Canadian regions considered; internationally only master licenses are available at this time. 5% royalties. Also #20 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

5. Jazzercise, Inc.: Specific franchising and business-related costs to expect for first-time franchisees listed here, including "initial franchise fee of $1,000 in the U.S. and $500 in other countries" and monthly franchise fee of 20% of all revenues. One of the most inexpensive franchises to buy into (#12 according to Entrepreneur Magazine).

6. Jackson Hewitt Tax Service: Complete franchise investment calculated for interested parties here; small markets franchise fee is approx. $10,000, medium markets $16,500 and regular markets are $25,000. Also #1 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

7. RE/MAX International Inc.: Franchise startup costs: $25-199,000 with $13-25,000 of that as franchise fees. All U.S., Canadian and International regions considered. Royalties vary. Also #2 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

8. 405 - CleanNET USA Inc.: Franchise startup costs: $11,300 - 34,100 with $8.6-16,300 of that as franchise fees. All U.S., Canadian and International regions considered. 3% royalties. Also #13 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

9. Bonus Building Care: Franchise startup costs: $7,200 - 13,600 with $6,500 of that as franchise fees. All U.S., Canadian and International regions considered. 10% royalties. Also #10 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

10. Jani-King. (commercial cleaning): Franchise startup costs: $3,900 - 36,000 with $3-32,000 of that as franchise fees. All U.S., Canadian and International regions considered. 10% royalties, however, as stated on their franchise web site, "Jani-King offers new Franchisees a range of fees based on the amount of initial business offered by the local Regional Support Office." Also #3 on the Top 20 Low-Cost Franchises according to Entrepreneur Magazine.

It seems like the cleaning industry started to really take off in 2006. Some of the same top 10 cleaning franchises of 2006 still remained in the top 10 in 2007 and 2008. That is one industry that continues to grow, probably because they are a little more affordable then your typically food franchise. The only problem I see is the need for employees willing to get dirty, and how many of those people are around today?

The Ultimate Team has a low cost business opportunity that will produce a nice income for the years to come. They will never make the top 10 franchise list, because they are NOT a franchise business, but if they were I'm sure they would be on the list. Before spending any money on a top 10 franchise business, check out the Ultimate Team, by going to http://ultimate.org.

Jeffrey Sloe, Internet Marketing Advisor to The Ultimate Team
440-725-3729
jeff@internetmarketingadvisors.net
http://ultimate.org