B.E.'s 30 hottest franchises for 2006 is one in your future? Minority outreach programs and trendy businesses make these franchises the best opportunities for your money.WHILE MOST SECOND-GRADERS WERE LEARNING TO WRITE THEIR name in cursive, at age 7, Johnny Williams was busy cutting his grandfather's hair. Little did he know that this early experience would lead to a career he loves. After several years of perfecting his skills, he finally hit his stride. In 2006, after a stint as a regional director for Fantastic Sams, a hair care franchise with 1,400 locations, Williams used $179,000 in loans to acquire his salon Salon, annual exhibition of art works chosen by jury and presented by the French Academy since 1737; it was originally held in the Salon d'Apollon of the Louvre. By the mid-19th cent. the Salon had become an expression of conservative, established tastes in art. . With the purchase, Williams, 30, turned his passion into profits. Projected sales at Williams' Matteson, Illinois Matteson is a village in Cook County, Illinois, United States. The population was 12,928 at the 2000 census. Geography Matteson (Mat-te-son) is located at (41.509832, -87.739267)GR1. , franchise are expected to reach $450,000. Williams has tapped into a bourgeoning $55 billion industry, driven by both the youth market, with its disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also , and image-conscious baby boomers See generation X. wanting to keep their look current. "The typical African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. female gets her hair done weekly," Williams points out. "Weekly clients generate a lot of revenue for a hair salon A hair salon (also called 'Hairdresser' and 'Hair Parlour')is a place where one goes to get their hair cut, as well as styled, highlighted or coloured. There are many different types of hair salons that one can choose to go to. ." At Williams' location, 97% of the customers are African American. Ultimately, Williams' goal is to have three locations; plans are underway to open a second location in Englewood Englewood (ĕng`gəlw  d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. , Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , in late fall. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have going to be a challenge because it's the first time a Fantastic Sams will open in a Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. inner city. I really want to give back to the community and help grow the marketplace. I will reevaluate next year, look at the numbers, and determine when it's the right time to open a third location." Diversity among Fantastic Sams' salon and regional owners is a priority for the company. Scott L. Colabuono, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fantastic Sams International, explains, "Our [customers] represent a broad slice of the U.S. population; they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. quality hair cuts; coloring and styling services; a convenient location; a personable PERSONABLE. Having the capacities of a person; for example, the defendant was judged personable to maintain this action. Old Nat. Brev. 142. This word is obsolete. , certified See certification. stylist trained in both basic and trendy hair styles at a value-oriented price. Our diverse ownership group is driven to exceed clients' expectations." Williams is one of many African Americans succeeding in the franchising arena by collaborating with a franchisor that understands the need for diversity and has developed an effective minority outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public. program. Franchising, which accounts for nearly 10 million jobs and a payroll of nearly $230 billion, has long been considered an avenue for black entrepreneurs to build and maintain wealth. Each year, BLACK ENTERPRISE identifies the best franchising opportunities for African Americans. This year, to spotlight Spotlight can refer to at least three types of lighting:
Diversity is a widespread business trend, and franchisors are recognizing the benefits. To remain competitive in the marketplace, franchised companies are making a concerted effort to expand their businesses to minority communities. As a result, the International Franchise Association, a trade organization of franchisors, franchisees, and suppliers, announced the launch of the MinorityFran program in February. Currently, MinorityFran includes 114 franchise companies and seven suppliers. Franchisee recruitment is the first initiative of the program, and participating companies receive training and information on diversity issues as well as access to contacts at participating organizations that have reach within minority groups. Through MinorityFran, franchisors receive the exposure, education, and contacts needed to increase the number of minorities within their systems. A VARIETY OF OPTIONS There is no such thing as guaranteed success within the franchise universe. A good way to stack the cards in your favor is to identify viable business concepts and pinpoint the underlying trends that lead to sustained growth. Here are six areas that fit the bill: Health and Beauty: In addition to spas and hair care franchises, fitness concepts, such as Liberty Fitness, and anti-aging specialists such as Sona MedSpa are franchises in this growth sector. Food and Dining: Consumers crave choice, quality, and affordable luxury. This has translated into growth for several food and dining niches. Casual restaurants like The HoneyBaked Ham Ham, in the Bible Ham, in the Bible, son of Noah. In biblical ethnography, Ham is the father of the nations Cush, Mizraim, Phut, and Canaan. In a story separate from the flood narrative, the legend related in the Book of Genesis and in the Qur'an suggests Co. and Cafe offer busy families an alternative to fast food. Multiple brands under one roof such as YUM! Brands Yum! Brands, Inc. (NYSE: YUM) or Yum! is a Fortune 500 corporation, that operates or licenses A&W (excluding Canada), KFC, Long John Silver's, Pizza Hut, and Taco Bell restaurants worldwide. Based in Louisville, Kentucky, it is the world's largest quick-service (a.k.a. (KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge , Taco Bell Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is a Mexican-style quick service restaurant chain based in Irvine, California, United States. The restaurant has locations primarily in the United States and Canada, but also operates outlets in several other markets. , Pizza Hut, etc.) fill this demand by offering an array of menu items. Juice It Up! serves up specialty beverages and smoothies--great for health-conscious professionals and morns on-the-go. Business Services: Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. has become big business as large and small companies search for ways to save on increased healthcare and payroll costs. Services franchises fill the outsourcing needs of various businesses regardless of size. This high-growth category also consists of staffing concepts such as Link Staffing and commercial cleaning brands like Coverall cov·er·all n. A loose-fitting one-piece work garment worn to protect clothes. Often used in the plural. Noun 1. coverall - a loose-fitting protective garment that is worn over other clothing Cleaning Concepts. Technology consultants such as CM IT Solutions are also part of this group. Home Services: Interest rates may be rising but real estate remains a flourishing flour·ish v. flour·ished, flour·ish·ing, flour·ish·es v.intr. 1. To grow well or luxuriantly; thrive: The crops flourished in the rich soil. 2. industry. Homeowners continue to invest in their homes, both to increase the value and to create a safe haven 1. Designated area(s) to which noncombatants of the United States Government's responsibility and commercial vehicles and materiel may be evacuated during a domestic or other valid emergency. 2. . The home services category caters to the needs of busy homeowners. Interior decorating franchises such as Decor & You, home inspection service providers such as WIN Home Inspection and maintenance specialists like Handyman Matters fit into this expanding category. Home services also include in-home senior care concepts such as Comfort Keepers Keepers is a 2005 novel written by Gary A. Braunbeck. It was nominated for a 2005 Bram Stoker Award for "Superior Achievement in a Novel." Plot summary The main character is a shy, lonely, middle-aged man named Gil Stewart. and lawn care specialists like Lawn Doctor. Consumer Services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, : If you've ever dreamed of being a wedding planner, Sweet Beginnings wedding planning and consulting requires a low investment and offers flexible hours. If you've considered owning a pet grooming Combining, consolidating and segregating network traffic using devices such as digital cross-connects, add/drop multiplexers and SONET switches. Grooming is a telephone term that typically refers to managing high-capacity lines between central offices, carriers, ISPs and very large day care service, now is a great time to brush off your business plan. With Americans spending an estimated $38.4 billion on their pets this year, Happy Tails Dog Spa and Gulliver's Doggie Daycare take advantage of America's love of pets. For customers who want to capture personal memories with a family portrait, Grins 2 Go offers portrait photography The goal of portrait photography is to capture the likeness of a person or a small group of people, typically in a flattering manner. Like other types of portraiture, the focus of photograph is the person's face, although the entire body and the background may be included. ; FastFrame provides expert framing services. Children's Services: Economic conditions necessitate ne·ces·si·tate tr.v. ne·ces·si·tat·ed, ne·ces·si·tat·ing, ne·ces·si·tates 1. To make necessary or unavoidable. 2. To require or compel. dual incomes in many families. Children's services organizations have stepped in to fill the gap left vacant by working families. From supplemental education providers such as College Nannies to enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. programs like Abrakadoodle, an after-school art program, opportunities are available in several investment categories. A SPLASH Splash Syarikat Pengeluar Air Selangor Sdn Bhd (Malaysia) SPLASH Standard Parallel Applications for Shared Memory SPLASH Search Procedure Land, Air & Sea Hunting SPLASH Sea Plane Landing Around Someone's Houseboat :-) OF COLOR not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color Michele Reed is a wife and mother of four children who range in age from 14 to 21. The Marietta, Georgia Marietta is a city located in central Cobb County, Georgia GR6, and is its county seat. As of the 2000 census, the city had a total population of 58,748, making it one of metro Atlanta's largest suburbs. , resident is also a successful franchise owner. Reed, 37, combined her passion for interior decorating with her management skills to become one of Decor & You's top franchisees and its No.1 African American decorator. Formerly a manager at Verizon Communications
Verizon Communications, Inc. , Reed wanted to plan her work schedule around her family's activities. While working at Verizon, she received a certificate in interior design and started her own business, Interiors by Michele. Due to a lack of quality vendors willing to work with small businesses, Reed's business failed to turn a profit. In 2004, when Verizon downsized, Reed was offered a sizeable severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when . She used the money to purchase her franchise and saved the remainder to help support her lifestyle until her business became profitable. Decor & You has 88 franchisees, 11 of whom are African American. Decor designers help homeowners define and execute their decorating goals--from reframing reframing (rē·frāˑ·ming), n the revisiting and reconstruction of a patient's view of an experience to imbue it with a different usually more positive meaning in the an old painting to doing a complete living room makeover. Reed's investment totaled $30,000, including the franchise fee, training, and samples. With an affordable investment and low overhead, her business rapidly grew, with first-year sales reaching $203,000. She has since purchased two additional territories and relocated re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. from Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). to Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. . She has also moved into a retail location, hired one full-time decorator and a part-time administrative assistant, and aspires to employ multiple decorators in the near future. This year, Reed's projected revenues are $350,000. Reed relishes the supportive family atmosphere of her franchise. "The support is incredible and is especially helpful for anyone that does not have business experience. When I first bought my franchise, my regional director welcomed me with open arms. She took me in and helped me get started and is still available 24/7." Reed reaches out for guidance often, and still enjoys weekly coaching calls with her regional director. Offering consumers in-demand products or services is integral to your success as a franchisee. "Since 9-11, people seem to be traveling less and spending more time with their families. Homes have become a safe haven, and people are willing to invest in them." Reed has found that "there are more dual-income families with little time to decorate. There are also many second marriages. Couples are combining lives, and they need a decorator to give them a fresh start." GETTING STARTED The variety of opportunities and wealth of diversity initiatives within the franchising community make 2006 a great year to begin your business ownership journey. You can start your search online. Visit the IFA's MinorityFran page, www.franchise .org/minorityfran, or blackenterprise.com's Franchise Center (www.franchisesolutions.com/be). "Do your research and find a franchise that's right for you," says Reed. "Have faith in yourself and trust that you can make it on your own. Nothing in life is worth having without a challenge." B.E.'s 30 Hottest Franchise for 2006 Franchise Telephone Business Services CM IT Solutions 800-399-2648 Coverall Cleaning Concepts 800-537-3371 Liberty Tax Service 800-790-3863 Link Staffing Services 800-848-5465 RE/MAX International 800-525-7452 Children's Services Abrakadoodle 703-860-6570 College Nannies & Tutors 952-476-0613 E.nopi 888-628-4776 Ident-A-Kid 727-577-4646 Kids 'N' Clay 866-543-2529 Consumer Services Sweet Beginnings 866-730-5553 Candy Bouquet International 877-226-3901 FastFrame 888-863-7263 Grins 2 Go 866-464-7467 Incredibly Edible Delites Inc. 866-203-7848 Meineke Car Care Center 800-275-5200 Food & Dining Chester's International 800-288-1555 The HoneyBaked Ham Co. 866-968-7424 Juice It Up! 949-475-0146 Williams Chicken 214-371-1430 Yum! Brands (KFC, Taco Bell) 866-298-6986 Health & Beauty BrightStar Healthcare 877-689-6898 Fantastic Sams 978-232-5600 Liberty Fitness 888-521-2582 Sona MedSpa 615-591-5040 Home Services Comfort Keepers 800-387-2415 Decor & You 800-477-3326 Handyman Matters 866-808-8401 Lawn Doctors 800-452-9637 WIN Home Inspection 800-967-8127 Franchise Web Address Business Services CM IT Solutions www.cmitsolutions.com Coverall Cleaning Concepts www.coverall.com Liberty Tax Service www.libertytaxfranchise.com Link Staffing Services www.linkstaffing.com RE/MAX International www.remax.com Children's Services Abrakadoodle www.abrakadoodleinc.com College Nannies & Tutors www.collegenannies.com E.nopi www.enopi.com Ident-A-Kid www.ident-a-kid.com Kids 'N' Clay www.kidsnclay.com Consumer Services Sweet Beginnings www.asweetbeginning.com Candy Bouquet International www.candybouquet.com FastFrame www.fastframe.com Grins 2 Go www.grins2go.com Incredibly Edible Delites Inc. www.fruitflowers. com Meineke Car Care Center www.meinekefranchise.com Food & Dining Chester's International www.chestersinternational.com The HoneyBaked Ham Co. www.honeybaked.com Juice It Up! www.juiceitup.com Williams Chicken www.williamsfriedchicken.com Yum! Brands (KFC, Taco Bell) www.yumfranchises.com Health & Beauty BrightStar Healthcare www.brightstarfranchise.com Fantastic Sams www.fantasticsams.com Liberty Fitness www.libertyfitnessfranchise.com Sona MedSpa www.sonamedspa.com Home Services Comfort Keepers www.comfortkeepers.com Decor & You www.decorandyou.com Handyman Matters www.handymanmatters.com Lawn Doctors www.lawndoctorfranch ise.com WIN Home Inspection www.winfranchise.com Franchise Type Business Services CM IT Solutions Onsite Technology Services Coverall Cleaning Concepts Commercial Cleaning Liberty Tax Service Tax Preparation Services Link Staffing Services Staffing Services RE/MAX International Real Estate Children's Services Abrakadoodle Children's Art Education College Nannies & Tutors Child Care E.nopi Math & Language Learning Ident-A-Kid Child Identification Kids 'N' Clay Children's Art Education Consumer Services Sweet Beginnings Wedding Consult. & Event Planning Candy Bouquet International Designer Gift Bouquet FastFrame Expert Picture Framing Grins 2 Go Portrait Photography & Digital Prints Incredibly Edible Delites Inc. Edible Flower Creations Meineke Car Care Center Car Maintenance Food & Dining Chester's International Food Services The HoneyBaked Ham Co. Food Services Juice It Up! Food Services Williams Chicken Quick Service Restaurant Yum! Brands (KFC, Taco Bell) Quick Service Restaurant Health & Beauty BrightStar Healthcare Medical & Non-medical Healthcare Fantastic Sams Hair Salon Services Liberty Fitness Fitness & Wellness for Women Sona MedSpa Medical Spa Home Services Comfort Keepers Senior In-Home Care Decor & You Interior Decorating Handyman Matters Maintenance & Repair Lawn Doctors Landscaping Services WIN Home Inspection Home Inspection Franchise Startup Costs Business Services CM IT Solutions $55,400-$104,900 Coverall Cleaning Concepts $6,200-$32,200 Liberty Tax Service $43,000-$54,900 Link Staffing Services $85,500-$156,000 RE/MAX International $20,000-$200,000 Children's Services Abrakadoodle $50,000-$100,000 College Nannies & Tutors $40,000-$112,000 E.nopi $5,000-$15,000 Ident-A-Kid $25,000 Kids 'N' Clay $30,000-$45,000 Consumer Services Sweet Beginnings $25,000-$45,000 Candy Bouquet International $4,000-$30,000 FastFrame $105,800-$150,300 Grins 2 Go $207,000-$254,000 Incredibly Edible Delites Inc. $75,000-$100,000 Meineke Car Care Center $190,000-$350,000 Food & Dining Chester's International $72,500-$416,000 The HoneyBaked Ham Co. $266,500-$389,100 Juice It Up! $235,517-$283,467 Williams Chicken $285,000-573,000 Yum! Brands (KFC, Taco Bell) $928,000-$1,324,000 Health & Beauty BrightStar Healthcare $65,900-$124,700 Fantastic Sams $88,000-$215,000 Liberty Fitness $13,1745 Sona MedSpa $409,215-$824,900 Home Services Comfort Keepers $44,000-$66,000 Decor & You $47,500 Handyman Matters $48,000-$106,200 Lawn Doctors $88,100-$108,300 WIN Home Inspection $45,600-$57,600 |
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