Tips from The Franchise Maker: How To Spot A HOT Business That COULD Be The Next Big Franchise!

The chances are pretty high that many of you reading this run across some “hidden gems” out there that could be a great candidate for franchising (more on how to know if a business makes sense to franchise). Maybe those business owners just don’t know it yet! Sounds crazy? Not really.  

For some of the same reasons that someone would seek out a business for a particular service or product, are the same reasons that could make a business a good candidate for franchising. Do you use a specific business that you really like for a service? Wouldn’t it be rewarding to play a part in helping that business grow bigger? Maybe your favorite business could become the next HOT franchise! 

What to Look For

So what makes a business a good candidate for franchising? What do you look for? Think about the experience you had at a local business and ask yourself these questions:

  • Do they offer a unique service or product that separates them from everyone else?
  • Is it a destination place, meaning that people drive out of their way to go there?
  • Have they been around for at least six months, with growing demand?
  • Is your experience of their service or product a positive one?
  • Do they seem to have good systems in place?
  • Do you find yourself telling other people about how great they are?
  • Do you wish that they had more locations?

If you have answered ‘YES’ to any of these questions, then you may have just spotted a HOT business that is a candidate for franchising.

Be Their Launch Pad!

When you are using different businesses for services either for yourself or for your family, and you can answer “YES” to any of the above questions, take a minute and ask the business owner if he or she has ever thought about franchising. Tell them about The Franchise Maker  and encourage they reach out to us. We will be happy to answer all their questions and determine if franchising makes sense for them! 

Tips from The Franchise Maker: How To Spot A HOT Business That COULD Be The Next Big Franchise!