-
FASTSIGNS Centers use state-of-the-art computer technology to create custom signs, graphics, banners, trade show exhibits, vehicle graphics and much more. A pioneer in the sign industry, FASTSIGNS has continued to grow by optimizing its systems and expanding the scope of its products and services.
-
Liberty Tax Service is the brand with the iconic Statue of Liberty Wavers. When Americans see us, they know it’s tax time. We’ve got the most experienced CEO in the tax business, and we’re looking for franchisees who want to work with him to capitalize on the $10 billion tax preparation services market.* *IBISWorld, October 2016 Tax Preparation Services Market Research Report
-
Our full service salons use the best and most reliable hair care products in the industry. We have a reputation for delivering superior haircuts and beauty salon services to consumers across North America.
-
A completely diversified cleaning and restoration business, with multiple income opportunities. The insurance restoration market (fire, smoke and water damages) is our main focus.
50 Top Franchises for Minorities (2013)
USA Today's Top 50 Franchises for Minorities in 2013
Friday, October 25, 2013
By Rob Bond and C. Everett Wallace
The National Minority Franchising Initiative (NMFI) recently completed its seventh annual survey to analyze the progress of minorities within the franchising community. From over 400 detailed responses, two overarching conclusions can be drawn. First, the overall percentage of minority participation in the franchise industry continues to grow. Second, while ownership among African-Americans has increased, there have been substantial increases in the number of Hispanics, Asian-Americans and Other (generally Indian and Middle Eastern) minorities who own franchises. Although there is no conclusive way to interpret this increase from the returned questionnaires, our sense is that these groups are attracted to the business by three primary factors:
- Technical and/or language skills are not required in many of the industries highlighted
- The cost of entry is generally modest, and
- Franchisor management has specifically prioritized the aggressive recruitment and on-going support of these groups.
The long-term key here is on-going support.
The questionnaire, designed by NMFI (a subsidiary of the World Franchising Network), asked franchisors two primary questions:
- List the minority (African-American, Asian-American, Hispanic, South Asian, etc.) participation among franchised and company-owned units, and
- Indicate the minority representation among senior management.
From the 400+ questionnaires returned, we selected 50 companies that are clear leaders in the industry. The subsequent list of 50 Top Franchises for Minorities is an excellent starting point in your search for an optimal franchise that meets your needs, experience and financial capabilities. While the percentage of minority participation is certainly a factor in the selection process, your primary focus should be on a company’s reputation within the marketplace, their on-going support of their franchisees, their financial stability, and whether you can make a return on your investment (both financial and time committed) as a franchisee. The single most important factor, however, though it is difficult to determine, is the success and happiness among the existing franchisees, particularly the minority segment. Among the 50 franchisors selected, we thought it might be helpful to highlight several representative companies that have exceptional records in the minority makeup of their franchised operations and/or senior management.
| Company | Total Units | Minority % | Management % | Industry |
|---|---|---|---|---|
| 7-Eleven | 7,761 | 57% | 19% | Convenience |
| Anago Cleaning Systems | 2,431 | 89% | 50% | Maintenance |
| Charleys Philly Steaks | 507 | 66% | 43% | Food-Service |
| Church's Chicken | 1,205 | 78% | 44% | Food-Service |
| Coverall North America | 9,134 | 86% | 8% | Maintenance |
| Denny's | 1,683 | 47% | NR | Food-Service |
| Estrella Insurance | 62 | 100% | 100% | Insurance |
| Eye Level Learning Centers | 191 | 74% | 69% | Child Learning |
| Fiesta Auto Insurance | 151 | 85% | 33% | Insurance |
| Flame Broiler, The | 142 | 97% | 100% | Food-Service |
| Genghis Grill | 111 | 46% | 100% | Food-Service |
| Golden Krust Bakery | 107 | 100% | 90% | Food-Service |
| Jan-Pro | 10,120 | 85% | 14% | Maintenance |
| Jani-King International | 10,000 | 60% | 20% | Maintenance |
| Kiddie Academy | 115 | 51% | NR | Child Learning |
| Manchu Wok | 140 | 64% | 38% | Food-Service |
| Pronto Insurance | 124 | 97% | 100% | Insurance |
| Regal Nails | 874 | 99% | 83% | Beauty Services |
| Vanguard Cleaning Systems | 2,794 | 88% | 33% | Maintenance |
If you are considering investing in a franchise, the NMFI (WorldFranchising.com) has various resources (detailed franchisor profiles, links, access to publications, FDDs, Item 19s, etc.) that could be of assistance. Our advice is to always do your homework.
