If you ever thought about owning your own business and opening a retail store or service you’re not alone. Even in a market dominated by retail giants like Walmart, Target, and Home Depot, some 99% of retail stores remain small businesses, account for 29 million jobs, and contribute an estimated $2.6 trillion in the U.S. GDP each year.
And despite pandemic challenging times in 2021, the retail market remained strong. Data forecasts indicate that consumer spending will only increase in 2022. So, now may be the perfect time to get in on the retail wave by investing in a proven franchise.
The Retail Category is inherently wide-ranging, all focused on the business model of "retail" rather than on any particular product, service, or clientele. There are many well-known brands as well as "specialty" brands that have found their niche market within this category.
Browse the award-winning retail franchises below and complete a contact form on a company's profile page to receive more information directly from the brand. Who knows? This could be the start of an exciting new career for you.
With a proven business model over 35 years and over 340 locations, Wild Birds Unlimited is the #1, largest and most recognized source for backyard bird feeding and nature related products in North ...
Perhaps it’s time to turn your side hustle into a full-time venture. Maybe you’re finally ready to take over a family business. Or, you might not yet know what business you wish to enter but are considering investing in a franchise you enjoy. Whatever your motivation, here are five good reasons for opening a small business and investing in a franchise.
If you know that customers are already demanding a product or service, and you know how to deliver it to them better, the demand may signal a solid business opportunity.
Small businesses take time to be successful. In fact, most small businesses aren’t profitable until their third year on average. If you can work your day job as you grow your business, or have a spouse bringing in a steady income, you can test your business idea while you minimize your financial risk.
Business ownership isn’t for those who have a hard time weathering storms. As a new business owner, you’ll oversee operations, marketing, human resources, and finances — perhaps by yourself for the first few months. If you’re ready to roll up your sleeves, learn new skills and embrace uncertainty, then consider taking the plunge. Otherwise, it’s probably best to try something else.
If you’ve already worked in a particular industry, you probably understand the competition, pricing, and the uniqueness your product brings to the market. Furthermore, your experience and connections will allow you to ramp up much more quickly.
Small business financing can be challenging. Having cash on hand can help, and more than 39 percent of new owners used it to fund their businesses, according to those surveyed. Other popular financing resources include tapping into 401K funds, borrowing from family and friends, Small Business Administration loans, and lines of credit.
George Hamilton was nominated for a 2022 Rock Star Award by the Snap-on Tools leadership team under the Veteran-Owned category. He was chosen by Franchise Business Review from among 200+ nominations for his outstanding achievements as a Snap-on Tools franchise owner in Saint Charles, IL.