The Biggest Franchises In The World

15/04/2019 09:30 | International franchises

The biggest franchise brands in the world

Originally uploaded on 10/11/2017. Updated on 15/04/2019.

There are plenty of people out there with the cash and dedication to run their own business. However, what many of those people lack is an original idea to set them on the path to success, and even entrepreneurs with a fantastic idea often struggle to get their business off the ground. Most new businesses fold in the first year, costing blood, sweat, tears and an awful lot of money.

This is where franchises come in; with an established business model and network of suppliers and customers, as well as the support of a brand that has already made its mark in the marketplace, entrepreneurs can invest their time and money with a safety net to fall back on.

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The Benefits of Buying into a Brand

Buying into a franchise is very different from starting your own business. Whether you buy into the biggest franchise in the world or something smaller, the rewards are similar: youre your own boss, you can choose your own hours and you benefit from the assistance offered by the corporate infrastructure of the brand you choose to join.

According to a report from the British Franchise Association, 97 percent of franchises run in profitability, while over half of franchisees declare an average turnover of more than £250,000. These figures are encouraging, but it doesnt mean buying a franchise will bring overnight success. All franchisees must work hard to get things off the ground. However, the odds are stacked in the favour of larger brands.

Which are the biggest franchises in the world?

7-Eleven

7-Eleven is not only the worlds number one convenience store and thought to have the greatest number of franchised units of any business worldwide, but it also offers a fine example of how corporate support can have huge benefits for franchisees. 7-Eleven prides itself on its turnkey model, which means that it will supply all the necessary support to get things up and running.

However, what sets this brand franchise apart from others in its field is its development of a variety of tools and resources designed to help minimise waste and maximise profitability. This is a brand that is invested in each of its franchises, so franchisees benefit from the fact that the success of their franchised unit is as important to their franchisor as it is to them.

Subway

Subway claims to have the largest franchised network of businesses in the UK and Ireland, and indeed throughout the world. It is also one of the largest food brands in the world, with 43,000 stores in more than 110 countries. There are 2,500 Subways in the UK and Ireland alone, which are supported by 22 regional offices, offering invaluable support and guidance. As a result, the franchise group is strong; in fact, on average, 70 percent of new stores are opened by existing franchisees, which is testament to the brands franchise model.

Subway was launched in 1965 as Petes Super Submarines in Connecticut, before becoming Subway in 1968. Today, it offers sandwiches, wraps, salads, drinks and snacks. Franchisees have flexibility when it comes to setting up a new Subway outlet. Store sizes can be set up in spaces of 300 2,000 square feet in high street locations as well as shopping centres; retail, industrial and business parks; hospitals; universities; transport terminals; sporting facilities; amusement parks; and even convenience stores and petrol stations. This versatility boosts the brands profitability and customer base.

McDonalds

McDonalds is one of the most famous and prevalent restaurant chains in the world, but its story began in the US in 1954, when 52-year-old Ray Kroc met Dick and Mac McDonald, who were looking for a franchisee to expand their restaurant business. Kroc went on to establish McDonalds System, Inc. and, within seven years, he had bought the McDonalds name and its operating system. The restaurant chain was established with the intention of providing a consistent customer experience. Kroc made sure that the burgers, fries and drinks that were served on one side of the US tasted the same as they did on the other side. Krocs principal values were: Quality, Service, Cleanliness and Value.

McDonalds has built on its business model to open 1,300 stores in the UK of which, 84 percent are franchised and more than 36,000 stores worldwide. It has also cultivated a global workforce of over a million people. McDonalds relies heavily on its franchise network, as over 90 percent of its American outlets are run by franchisees. The success of the restaurant brand is clear to see, however, as it was ranked as the number one franchise in Entrepreneurs Franchise 500 in 2018.

Successful Franchises with Point Franchise

There are plenty of more franchises at the top of their game waiting for entrepreneurs to help expand their business even further.

Baskin Robbins

Baskin Robbins began when Irvin Robbins decided to experiment with fruit and branded sweet treats to create new and exciting ice cream flavours. After the Second World War, his brother-in-law, Burt Baskin came on board to help establish the first Baskin Robbins ice cream parlour. Now, there are more than 7,300 such ice cream stores in more then 50 countries worldwide. The menu has evolved slightly to incorporate milkshakes, smoothies and fruit creams alongside a huge selection of ice creams.

Baskin Robbins knows how to please consumers they can each create their ultimate sundae, incorporating a huge range of ice creams and toppings. Consumers can add hot fudge, marshmallows, roasted almonds, chocolate truffles or fruit to their sundae to name a few options!

Auntie Annes

Auntie Annes is the biggest pretzel franchise in the world, with more than 1,800 locations in 25 countries worldwide. Starting life as a Pennsylvania pretzel and lemonade stall at a farmers market in 1988, Auntie Annes grew to become a globally recognised seller of American-style pretzels and other dough-based snacks.

The food franchise doesnt shy away from experimentation, either. In 2004, pretzel dogs (hotdogs in pretzel dough) became a menu staple, before mini pretzel dogs were introduced in 2013. Customers are encouraged to return again and again with the business dedicated My Pretzel Perks app, which rewards loyal customers.

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