According to the International Franchise Association, there are over three quarters of a million franchises in the United States. Many people have no idea how common they actually are. Here are five businesses that you probably didn’t even know were franchises.
The National Basketball Association
The NBA is one of the most popular franchises in the world, but most people don’t even realize that it is a franchise. Each of the 30 teams in the NBA had to pay a fee to join, which varied over time. Four teams needed to pay $3.2 million for membership to the franchise.
Capriotti’s is a Delaware based sandwich shop with 103 locations across the United States. The company was founded in 1976 as a single store, but quickly grew to be a popular franchise that generates $1.2 million in revenue a year.
groOrganic is a franchise that helps gardeners find an organic approach to growing food. The most recent data available shows that there are six units across the country, but that figure is expected to grow with demand for organic gardening. Franchisers can get started with an investment of only $10,000.
Zaxby’s is a franchised restaurant that sells chicken in over 600 locations in 15 states. The company generates over $4 million a year and has consistently grown every year since it was founded in 1990.
Recruit is a unique franchised business that provides news on high school athletes to recruiters across the country. Any sports fan that wants to be a franchise member can do so with a startup cost of only $20,000.