There’s no denying its extraordinary impact. This year an estimated 770,000 franchise establishments will employ 8.5 million Americans and create $840 billion in output, according to IHS Global Insight, which prepared a report for the International Franchise Association. That’s 3.5% of the total U.S. GDP.
And a vital part of the entrepreneurial economy. Suppose you’re in the market to buy a franchise. What are your first steps?
To help you focus FORBES has created the first-ever critical list of the best and worst franchises in America. With invaluable intel and statistics from FRANdata of Arlington, Va., we’ve divided the sheep from the goats in three categories: entry costs of up to $150,000; $150,001 to $500,000; and over $500,000.
Go to this article to read about their results. http://www.forbes.com/best-worst-franchises-to-buy/
Apparently, Forbes Magazine is the first company to generate such a list. Look at it carefully. This is not to say that there are not good franchises below $500,000. There are several.
Here in Hawaii, we have a wonderful new Franchise called Papalani Gelato, www.papalanigelato.com, which is headquartered on the Island of Kauai. Papalani just announced the sale of their 2nd group of franchises in the State of Florida. Aloha, to you Paplani Gelato...you are carrying Hawaiian Small Business Aloha to the Mainland with your outstanding product. Just for fun, check them out on Trip Advisor or Yelp...their customers love them.
Let us help you open a Papalanie Gelato operation on the Island of Oahu, Maui or the Big Island. The price is well below, $500,000.