FranBlog

Starting a franchise with no money might seem like a daunting task, but it's entirely possible with the right strategies and resources. By exploring various financing options and understanding how to leverage existing assets, you can make your dream of franchise ownership a reality.

Mexican food is America’s second most-popular cuisine, and Mexican food franchises are poised as a hot investment for the second half of 2022. 

According to Technavio, the Mexican food market is set to grow by USD $113.85 billion through 2026, at a CAGR of 6.7 percent 2026. A majority of the market’s growth (58 percent) will originate from North America. The key market drivers for this growth are attributed to the increasing popularity of Mexican cuisine among consumers, especially among younger generations such as millennials. 

With summer in full swing, families are hitting the beaches, swimming pools, and other outdoor water-related activities, making fitness franchises a hot investment as Americans look to get in their ‘summer bod’ shape. And nowhere is that trend hotter than California fitness franchises. 

According to Forbes, Pennsylvania has the sixth biggest state economy in the U.S. at USD $815 billion and is home to nearly 50 of the 1,000 highest revenue U.S. companies. This strong business climate and diverse economy makes Pennsylvania franchises a great investment, and the International Franchise Association (IFA)’s Open for Opportunity roadshow is heading to Philadelphia to generate more awareness among Pennsylvanians of the success of the franchise business model and help them take control of their own financial independence.

I’m writing to you today on the heels of Open for Opportunity Miami—an incredible road show event focused on workforce development and diversity, equity, and inclusion in South Florida hosted by Restaurant Brands International. What follows is a detailed recap of how the International Franchise Association and members like you helped decisionmakers and opinion leaders understand firsthand the value and opportunity of franchising. I’ve already spoken with many of you about getting involved in Open for Opportunity. If you are on the fence, I trust the story that follows will push you over the edge. If we haven’t yet spoken, I hope you raise your hand and are willing to learn more and get involved.    

The International Franchise Association’s IFA's 2022 Annual Convention - franchising's biggest event for business and personal entrepreneurial growth - is right around the corner! Featuring informative speaker sessions, networking opportunities and more, this year’s convention will be held in San Diego, California from February 25th to March 1st. Among the sponsors attending are some of the top marketing resources for franchises, and we’re giving them a deeper dive in this week’s post.