Entrepreneur.com is a wonderful website to gain insight into business, franchising, marketing and much more. Recently, they released their list of 2011's Top Ten Franchises. What makes each of these franchises great? You be the judge.
#1 Hampton Hotels
Hampton Hotels first got their start in Memphis Tennessee twenty-seven years ago in 1984. They were THE first mid-priced national hotel chain to offer free breakfast and local phone services in 1995. In that same year, they expanded into Hampton Inn & Suites, consisting of two-room hotel rooms and kitchen areas.
In 1999, Hilton Worldwide acquired Hampton Inn. Hilton currently has 84 hotels worldwide, and owns brands including Waldorf Astoria, Conrad, DoubleTree, Embassy and more. They are a giant in the Hotel Franchise industry and deserve their #1 standing.
#2 AM/PM
The first AM/PM gas station opened in 1979 in California and has since grown to over 3,000 gas stations over the United States. From a Franchise PR standpoint, they've done exceptionally well for themselves and their franchisees.
#3 McDonald's
If anyone doubts McDonald's franchising power, they can stop wondering now. With over 30,000 locations in 119 different countries, it's no wonder the Golden Arches is synonymous with burgers and good business.
#4 7-Eleven Inc.The original 7-Eleven dates back to the 20s when an ice-block company started selling sandwiches. When hours changed to 7am to 11pm, the name was changed, and 7-Eleven began opening their doors all over the place. Today they're a staple in our local strip malls and a highly profitable franchise operation to own.
#5 Supercuts
Supercuts developed a low-cost, yet great way to get a quick haircut without having to set an appointment. With over 1,000 locations in the US and Canada, Supercuts has become a giant in quick, affordable hair cutting locations in North America.
These companies, in the past year, have risen to the top 5 Franchises in the world due to effective business practices, great advertising campaigns, effective Public Relations firms, and a unique product that while always copied, can never be replaced.
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