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Pearle Vision was established by Dr. Stanley Pearle back in and is now owned by Luxotica. The optician firm, which provides eye exams and sells a selection of eyewear, has franchises in the US and 16 overseas. Miracle-Ear Inc. Miracle-Ear has been manufacturing hearing aids since the s and its 1, franchise outlets across the US offer free hearing tests and consultations, on top of selling the devices. Franchisees with a view to making serious cash just can't resist Jersey Mike's Subs. In the space of 10 years, the number of franchises has more than doubled, buoyed on by the popularity of the sandwich brand and the rewarding franchising deals the company offers.

Culver Franchising System Inc. This homely Midwest restaurant, which specialises in butter-laden burgers and custard ice cream, isn't for the health-conscious, but the returns it offers franchisees are anything but unhealthy. Orangetheory Fitness Orangetheory Fitness. A relative newbie to the game, Orangetheory Fitness has only been franchising since The fitness firm's USP is heart monitoring — each gym member wears a heart monitor that displays their heart rate on a screen during their workout, and this gimmick has proven to be super-popular.

Krispy Kreme Doughnut Corp. Who hasn't heard of Krispy Kreme?

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The doughnut brand enjoys enviable recognition and an almost cult-like following among its devotees. The company, which dates from , has been busy franchising its business for years, and counts franchises in the US and an even more impressive overseas. Massage Envy is all about providing affordable massages in luxurious surroundings, and the company, which has been franchising since , has enjoyed spectacular growth with a total of 1, franchises in the US and two abroad as of this year. Hardee's Hardee's. Hardee's is owned by Carl's Jr. The fast food company was founded in in Greenville, North Carolina and its franchised branches, which number 1,, tend to be located the Midwest and southeast of the US.

Each and every one of its 1, franchises in the US is decked out with firefighting memorabilia and fire station decor. Anytime Fitness Anytime Fitness. Another hands-down fitness franchising success, Anytime Fitness gyms stay open 24 hour a day, all year round. The concept has proven to be incredibly popular with both franchisees and gym-goers, and the firm has racked up 2, gyms in America and 1, abroad since it began franchising in Supercuts Supercuts. Supercuts is renowned for providing quick, no-nonsense haircuts at affordable prices. A major fast food firm with outstanding brand recognition, Taco Bell is a household name in the US and many countries worldwide.

The company, which is famed for its Tex-Mex fare, began franchising in and now has 5, restaurants in the US and overseas, pulling in a tidy profit. These franchised places of learning use the Kumon method, which was devised by Toru Kumon in Japan during the s. Unsurprisingly, there are as many as 1, Kumon Centers in the US alone.

7 Qualities that Make a Franchise Successful

This booming real estate company entices franchisees with a package that gives them the freedom to take charge of their own business and take a generous cut of any commission earned. Sport Clips Sport Clips. The most successful hairdressing business in the Top 30, Sport Clips is a walk-in barber shop with a sporty theme that offers men and boys speedy haircuts at cheap prices. This winning formula and generous franchise terms are the keys to Sport Clips' success, and the steadily growing company now counts 1, franchises in the US and 37 elsewhere.

Wingstop Restaurants Inc. America has a serious thing for Buffalo-style chicken wings if the growth of Wingstop Restaurants is anything to go by. More than doubling the number of franchises it oversees in the space of just 10 years, the fast food joint now has in the US and 67 abroad. And its franchisees and customers couldn't be happier.

He refrained from gossip and spent time with like-minded franchisees, discussing what a great opportunity they had in this business. In return, the franchisor treated him with respect. Guess who got first choice when a unit became available? Corporate employees are dedicated people who are doing everything they can to make franchisees successful, but first and foremost, they are people. Your efforts to respect and listen to them will pay dividends for you.

The end of the story: When John sold his multiple units, he banked a huge profit! Take control Part of the appeal of a franchise system is the support a franchisor can provide.

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However, the ultimate success or failure of your franchise is largely your responsibility. You can call the franchisor with questions, but the decisions will ultimately be yours. Never stop marketing As a franchisee, your job, first and foremost, is the sales and marketing of your product or service. However, sales are an inevitable part of almost any franchised business.

Ask for help from your franchisor and fellow franchisees who have effective salespeople on staff. Avoid credit cards The incredibly high rates on this expensive form of credit can slowly eat away your profits and cause you stress.

The six key success factors for franchises - SmartCompany

Make sure you have plenty of cash before you launch your business, and seek financing immediately if you see a downturn in your future. Learn your industry Once your franchise is up and running, learn as much you can about your new industry in addition to what you learned during your franchise research. Almost every sector has associations and meetings where business owners gather and share ideas.

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Trade associations and local boards of trade bring together new and established businesspeople, providing a great forum for learning and networking. Cheri Carroll has 30 years of franchise experience as a franchise executive and independent franchise developer and consultant. She can be reached via www. Click here to ask a question For great free marketing tips and ideas, see my blog at adhelper.

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