Once youve done your research and decided that buying a franchise is the business opportunity for you, you will, of course, have to select the franchise in which you want to invest. Your choice will undoubtedly be based on many criteria, not the least of which is potential for profitability.
There are many resources available to help a potential franchisee choose the franchise that is the best fit for him.
For example, entrepreneur.com ranks franchises annually in their Franchise 500 list. Entrepreneur.com judges all companiesregardless of sizeon the same criteria. Objective and quantifiable data are used to assign each company a cumulative score, and the companies earning the highest scores then become the Franchise 500 list.
Some of the factors considered include: financial strength and stability, growth rate and size of the company, number of years in business as well as number of years franchising, start-up costs, litigations, percentage of terminations and whether a company provides financing. All of the financial data considered is audited by an independent CPA to ensure accuracy.
The top ten of this years Franchise 500 included companies such...
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