Global Franchises Positioned for Potential Growth

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Are global franchises expected to grow?

Global Franchises Positioned for Potential Growth

Global Franchises may be an overlooked wealth creation opportunity. Business franchises represent approximately 33% of all retail sales in the USA but only 10% in Europe and even less in many emerging nations. With proven business models and highly recognizable brand names, these top franchises may be one of the best kept secrets to wealth creation still in existence!

Take Dunkin' Donuts as an example; Number two on the Entrepreneur.com Top Ten Global Franchises for 2007 list, Dunkin' Donuts grew from a small start-up to more than 5,500 locations across the USA before expanding into Europe and Asia. With only 1,856 foreign franchise locations currently in existence, it is easy to see the potential for future growth especially in population dense markets such as Asia.

According to research conducted by the International Franchise Association, nearly 80% of US based franchises plan to expand foreign operations representing 44% increase since 1996 and nearly 70% since 1989.

Consider your opportunities for franchise ownership in leading nations throughout the world. The top projected areas include:

  • 26% Canada
  • 15% Europe
  • 9% Pacific Rim countries
  • 7% China

With a population over 1 Billion people, China is expected to demonstrate strong growth for many years to come! Visit www.entrepreneur.com for more information on the top Global Franchises of 2007.

   

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Barbara Gibson