Many franchises in the world have either made it to the top, or maintained their position despite recession. The following article provides a brief insight into these brands and their success stories.
A simple idea can bring about a huge change around the world. A franchise is one of the business endeavors that starts with a low initial capital input, and is mostly a local setup. However, before you know it, these small business opportunities become a chain of franchises that spread their branches all over America, as well as around the world. With an annual turnover of maybe millions of dollars, some of these small ideas turned huge, and entered the list of top 10 franchises.
Top Franchises in America
America is known as the land of opportunity. People from far and wide come to the land of liberty to try their luck. Most of the time, those who have determination, perseverance, and luck on their sides do make it big. The following list includes the ones that have been able to earn their buck and name, with the aforementioned ingredients of success.
This is the largest membership warehouse club chain in the world. Costco was founded in Kirkland, Washington and is based in Issaquah, Washington. It is the fourth largest retailer in North America.
Founded under the name Dayton Dry Goods Company in 1903, in Minneapolis (Minnesota), Target is the fifth largest retail store by sales revenue in the US.
The Applebee’s Neighborhood Grill and Bar restaurant chain was started by Bill and T. J. Palmer. They opened their first restaurant under the name T.J. Applebee’s Rx for Edibles & Elixirs, in 1980, in Atlanta, Georgia. Since then, they have 2004 restaurants, operating in over 49 American states.
This is a Dallas-based convenience store chain that was set up in 1927. These stores used to be open from 7 a.m. to 11 p.m., and therefore, the name 7- Eleven was adopted in 1946.
The name says it all. Walmart is one franchise for which each and every American will nod in agreement, when one says it is one of the top ones in America. It is an American public corporation that has a chain of large, discount departmental stores. Sam Walton founded Walmart in 1962, and the stores entered the Fortune Global 500 in the same year.
The subsidiary of Yum! Brands, Inc., Taco Bell is one of the top franchises. It serves Mexican style fast foods, and has many restaurants in the United States and in Canada.
Hampton Inn & Suites
The Hampton hotel chain maintains high standards of service that makes business travelers come back for more. Hampton managed to add 150 new hotels in 2009, during the height of recession.
The apple of the eye for Regis Corp’s, Supercuts is one of their 9 franchise brands. It is a low-cost hair salon that came up with 80 new shops last year.
This is one franchise that has spread its roots in only 35% of America, and yet manages to sell more coffee than any other restaurant in America.
Also known as the king of clean, it cleans more homes in America than any commercial cleaning company. There are over 120 regional offices of Jani-King, and it uses the most technologically advanced cleaning equipment.
When Harold Butler founded Danny’s Donuts in Lakewood, California in 1953, he would not have imaged that in just 6 years, he will be the owner of 20 shop chains. He soon changed the name to Denny’s, and in 1966, the company turned public. They serve the Grand Slam Breakfast since 1966, and today, have a wide menu of breakfast, lunch, and dinner for their patrons.
Top Franchises in the World
They have not only made a mark in their own country of origin, but have become global brands. The list is as follows:
- RE/MAX International
- InterContinental Hotels Group (IHG)
- KFC (Kentucky Fried Chicken) Corp.
- Pizza Hut
- Ace Hardware
Top Franchises to Be a Part Of
Starting a business can turn out to be a great experience, with the potential to change your world. If you are looking forward to invest your capital smartly and become your own boss, then you should consider investing in the following opportunities:
- Dunkin’ Donuts
- Coverall Cleaning Concepts
- Jazzercise, Inc.
- Bonus Building Care
- The Coffee Beanery
- Tini Toys
- Rotobrush International
- Caddy Card
Top 10 Franchises in California
The following list enlists the ones that have made it to the top this year:
- The UPS Store/Mail Boxes Etc.
- Jazzercise Inc.
- Denny’s Inc.
- ampm Mini Market
- Taco Bell
Thus, this information would have helped you know which business franchise ideas clicked and were turned into a jackpot by these ingenious entrepreneurs.