Access to Funding Identified as Greatest Hurdle to Franchise Ownership
Aspiring small business owners cited “funding or access to credit” as the biggest barrier to buying a franchise, according to a February survey for the most recent Small Business Startup Sentiment Index™. This level is just below the 68.5% seen in the month-earlier survey – however, the survey was taken several days before the onset […]
Southeastern Cities Lead Top 100 Metros in New Franchise Interest Index™
Southeastern metros dominated the top 20 leaders in the Franchise Interest Index(TM) in 2019, with multiple major metro areas ranked in Florida and Texas, as well as high-interest from mid-sized metros in North and South Carolina. Atlanta, Ga., topped the list. While the nation’s largest population centers lead the overall volume of franchise inquiries, the […]
Franchise Ventures’ Mystery Shopping Generates Advice for Franchise Development Teams
According to a new mystery shopping survey conducted on the Franchise Ventures lead generation platform, 13% of prospective business buyers indicated they “just haven’t had a chance to respond yet” to a franchisor more than seven days after the prospects’ initial inquiry — but they still intend to engage. That’s one of several insights drawn […]
Small Business Startup Sentiment Index™ (SSI) Shows Increasing Confidence in February 2020
Recent surveys of prospective small business buyers revealed a healthy uptick in confidence from January to February 2020. The new Small Business Startup Sentiment Index™ is based on a monthly survey of individuals who have recently inquired about businesses or franchises for sale on the digital assets of Franchise Ventures. This uptrend in optimism was […]
New Mobile App Helps Franchise Development Teams Improve Contact Rates
Norfolk, Virginia, February 7, 2020 — Franchise Ventures released a new tool to help franchise development teams improve early engagement with prospective franchisees. The Franchise Insights mobile app makes it easier to quickly respond to new prospects, and helps unify each prospect conversation across phone, email and text. “The mobile app helps franchise development teams […]
Franchise Gator Releases 7th Annual Top 100 Franchises List for 2020
Franchise Gator has released the 2020 Top 100 list, a ranking of the top franchise opportunities for the upcoming year. This is the 7th year that Franchise Gator has been publishing the list. The Top 100 list was developed to assist future franchise buyers in identifying opportunities with a track record of success and in an […]
Georgia Leads the Nation in New Franchise Interest Index™
Georgia, Nevada and Florida led the nation with the highest levels of interest in buying a franchise in 2019, according to new data from Franchise Insights. The Franchise Interest Index™ reveals the relative interest of entrepreneurs making an investment inquiry by indexing proprietary data with state population on a per capita basis. An index of 100 […]
TMG Releases New White Paper: Travel, TripAdvisor & Trust
As travel websites have consolidated and Google Hotels has improved, the number of sites a traveler visits while booking their vacation has dropped drastically in the last five years. In 2015, Expedia research¹ showed that consumers visited up to 38 websites while booking; in 2017, Flip.to found² that 86% of leisure travelers visit 9 websites […]
Development Budgets Increasing For Franchises Across All Growth Stages
Over 63% of franchise systems plan to spend more to recruit new franchisees in 2020, and a closer look at key segments shows that confidence is strong in franchise systems in all stages of growth. Plans to maintain or increase spending were strong across emerging, established and large franchise systems, according to a survey across […]
More Than 63% of Franchisors Plan To Increase Recruitment Spend in 2020
In a strong showing of their confidence about the future, nearly two-thirds of franchises plan to spend more to recruit new franchisees in 2020, according to a survey across the Franchise Ventures demand-generation platform. “Business confidence is evident in franchises, the leading category of small businesses,” said Michael Alston, president of Franchise Ventures. “Growth-oriented franchises […]