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Support
Support: examining levels of support offered by the franchisor
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 83 |  |
| 02. | Mister Minit | 73 |  |
| 03. | Mortgage Choice | 73 |  |
| 04. | Kwik Kopy | 72 |  |
| 05. | Mrs Fields | 67 |  |
| 06. | Gutter-Vac | 65 |  |
| 07. | Mr Rental | 65 |  |
| 08. | Signwave | 63 |  |
| 09. | Snooze | 61 |  |
| 10. | Snap-on Tools | 61 |  |
Support through mentoring and guidance
Mentoring and guidance is one of the major elements of importance to other potential franchisees. In franchise opportunities it is critical to understand the support you will receive, because no matter how experienced you are in business, when you buy a franchise you will go from being involved in managing some parts of a business, to executing or managing all parts of a business - a big shift for most people. The first 12 months are crucial. This is the time when you will need franchisor support to get your skills and knowledge up to speed. Some systems offer stronger support than others, so spend time researching the offering.
In this category, when examining franchise opportunities we look at the support provided by the franchise company to its franchisees. The questions franchisees were asked cover a variety of situations and issues they face on a day to day basis. The questions gauge how well the communication, support and mentoring systems implemented by the franchise company are viewed.
For a franchise company to perform well in this area is a great testimonial not only for their support system but also to their support staff.
Mentoring rather than managing franchisees is crucial, and the mentoring skill is something that takes time to develop. Franchise companies that perform well are likely to not only train their franchisees but also their support staff regularly. They are also likely to have good systems in place to ensure that franchisees know how they are performing and that communication between all parties is clear and consistent. A high level of trust between franchisor and franchisees as well as the franchisee' s feeling of belonging to the franchise company can play an important role in this category, too.
Our congratulations go to all the franchisors that made the top 10 in the Support category for franchise opportunities and particularly to the top 3 of Smartline Personal Mortgage Advisers, Mister Minit and Mortgage Choice.
To find more about franchise opportunities strong on mentoring and support read the full analysis here.
Financial
Rewards: level of financial & social rewards franchisees feel they receive
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Mister Minit | 78 |  |
| 02. | Smartline | 74 |  |
| 03. | Mr Rental | 73 |  |
| 04. | Anytime Fitness | 69 |  |
| 05. | Snap-on Tools | 63 |  |
| 06. | Mortgage Choice | 62 |  |
| 07. | Kwik Kopy | 60 |  |
| 08. | Snooze | 60 |  |
| 09. | Gutter-Vac | 56 |  |
| 10. | Signwave | 53 |  |
Financially Rewarding franchise opportunities
The category of finding franchise opportunities with a good financial payback reflects the level of financial reward franchisees feel they are receiving by owning their franchise and being part of their franchise system. Different aspects that can be perceived as a reward to a franchisee are analysed in this category. Financial rewards include the salary that is achievable through the business and the return on investment available for capital invested from the start. Franchise companies who perform well in this area are most likely to have set realistic expectations of the work involved and the profitability of the business during the franchisee recruitment process. They will also have strong systems in place to educate franchisees how to maximise their returns as well ensure a good and consistent presentation of the business.
When in comes to financial rewards most franchisees have to wait till their third year of business until they become highly profitable. So be realistic in your search of franchise opportunities and get a sense of what it will take to achieve your goals and how long it will take for you to be taking the financial rewards you want from the business.
Our congratulations go to all the franchisors that made the top 10 in the Financial Rewards category for franchise opportunities and particularly to the top 3 of Mister Minit, Smartline Personal Mortgage Advisers and Mr Rental.
To find more about financially rewarding franchise opportunities read the full analysis here.
Lifestyle
Lifestyle: whether franchisees are satisfied with the lifestyle their franchise affords them
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 85 |  |
| 02. | Mr Rental | 82 |  |
| 03. | Mister Minit | 75 |  |
| 04. | Anytime Fitness | 74 |  |
| 05. | Snap-on Tools | 72 |  |
| 06. | Kwik Kopy | 71 |  |
| 07. | Gutter-Vac | 69 |  |
| 08. | Muzz Buzz | 69 |  |
| 09. | Mortgage Choice | 69 |  |
| 10. | Signwave | 68 |  |
Lifestyle friendly Franchise Opportunities
The lifestyle category looks at how positively franchisees perceive the balance between their work and home lives as an indicator of their satisfaction with their choice of franchise as well as how family and friends perceive the success of the business. Franchise companies who cater for a good lifestyle according to their franchisees create an environment and an operating system where a good work life balance is very achievable.
When reviewing franchise opportunities it is important to consider the lifestyle that you want to have and to select a model that fits your expectations. When you are doing your due diligence ask the franchisor and existing franchisees about the time you need to put in to achieve your goals.
When considering franchise opportunities If you are weighing up the number of hours you will need to work also consider your family and friends in your support network and what affect the hours you put in will have upon them and your relationships with them. If you create the right expectations with family and friends from the start they are more likely to be understanding and supportive if you need to put in a few extra hours every now and then.
One of the other elements in lifestyle is how your business will look to family and friends. Consider how the franchise' s business model and branding is presented and how well other franchisees represent the brand, this is an important element as when you step into a franchise and own a business which is highly visible you will quickly want to be proud of your business and happy to tell friends of the career choice you have made.
Our congratulations go to all the franchisors that made the top 10 in the lifestyle category for franchise opportunities and particularly to the top 3 of Smartline Personal Mortgage Advisers, Mr Rental and Mister Minit.
To find more about franchise opportunities that allow a good work-life balance read the full analysis here.
Opportunity
Opportunities: whether franchisees feel there are opportunities to expand their business within the system and stay a franchisee for a long period of time
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 65 |  |
| 02. | Signwave | 64 |  |
| 03. | Mortgage Choice | 62 |  |
| 04. | Snooze | 61 |  |
| 05. | Mr Rental | 61 |  |
| 06. | Snap-on Tools | 61 |  |
| 07. | MBE Business Services Centres | 59 |  |
| 08. | Anytime Fitness | 58 |  |
| 09. | Kwik Kopy | 56 |  |
| 10. | Gutter-Vac | 54 |  |
Expansion Franchise Opportunities
When looking at franchise opportunities understanding what expansion plans a franchise group has will help you determine whether it fits within your long term ambitions. You may have worked your way up the corporate ladder, so now you should think about your choice of franchise in the same way you would think of your career and consider growth strategies for the business. Does the system you are looking at offer multi-unit growth options? Will they help you source capital to expand?
What programs does the franchise group offer to help you develop multi-unit ownership skills?
The expansion category indicates whether franchisees feel that their franchise company provides good opportunities for expansion and continuity of their business.
The expansion component looks at whether the franchise company actively supports and caters for multi-unit ownership by helping you to source capital to expand.
The business continuity component considers the steps involved in renewing a franchise agreement. For franchisees, this means that they have the security of knowing that they will be continuing in their business for another term and can make medium to long term plans for expansion of their business.
Our congratulations go to all the franchisors that made the top 10 in the Opportunities for Expansion category for franchise opportunities and particularly to the top 3 of Smartline Personal Mortgage Advisers, SIGNWAVE and Mortgage Choice.
To find more about franchise opportunities with good expansion plans read the full analysis here.
Passion
Passion: how passionate franchisees are about their customers, brand, product or service they offer
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 91 |  |
| 03. | Snooze | 88 |  |
| 03. | Snap-on Tools | 88 |  |
| 04. | MBE Business Services Centres | 87 |  |
| 05. | Mister Minit | 86 |  |
| 06. | Anytime Fitness | 86 |  |
| 07. | Mortgage Choice | 85 |  |
| 08. | Kwik Kopy | 85 |  |
| 09. | Signwave | 84 |  |
| 10. | Muzz Buzz | 83 |  |
Passionate franchisees
Be passionate. When you are looking at franchise opportunities it is important to be able to get passionate about what you will be doing, as for most franchise opportunities your involvement with the franchise will take up the majority of your waking hours during the week. When it comes to running your own business, being passionate about the brand, customers, service or product is essential.
Luckily when it comes to being passionate most franchisees across the industry have passion in bucket loads. In the tightly contested category of passion, when it comes to being passionate and the category of passion we asked questions in relation to franchisees' passion about their customers, and the products they are selling or the services they are offering.
Franchise companies who perform well in this area will most certainly have a culture of caring for the customers' needs. Passion is contagious and starts with the franchisor being passionate about his or her products and services, and this passion filters through to the franchisee. The franchisee then needs to pass this passion on to the end customer. If the franchisee feels passionate about their customers, products and/or services, this is a good indicator that the franchise company successfully communicates a positive vision about the company' s brand internally and externally.To see if you can get passionate about the customer experience, take yourself mystery shopping and go through the experience yourself.
Our congratulations go to all the franchisors that made the top 10 in the Passion category for franchise opportunities and particularly to the top 3 of Smartline Personal Mortgage Advisers, Snooze and Snap-on Tools.
To find more about franchise opportunities you can get passionate about, read the full analysis here.
Refer
Refer: willingness to recommend a franchise to friends and colleagues
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 85 |  |
| 02. | Mister Minit | 81 |  |
| 03. | Anytime Fitness | 79 |  |
| 04. | Snap-on Tools | 77 |  |
| 05. | Mr Rental | 76 |  |
| 06. | Kwik Kopy | 71 |  |
| 07. | Mortgage Choice | 70 |  |
| 08. | Snooze | 69 |  |
| 09. | Gutter-Vac | 66 |  |
| 10. | Signwave | 58 |  |
Renew
Renewal: intention of franchisees to renew their agreement beyond the current term
| Rank | Company Name | Rating (Out of 100) |
Franchise System Score |
| 01. | Smartline | 90 |  |
| 02. | Mr Rental | 88 |  |
| 03. | Mortgage Choice | 85 |  |
| 04. | Muzz Buzz | 85 |  |
| 05. | Anytime Fitness | 80 |  |
| 06. | Snap-on Tools | 80 |  |
| 07. | Mister Minit | 79 |  |
| 08. | Kwik Kopy | 76 |  |
| 09. | Snooze | 72 |  |
| 10. | Signwave | 65 |  |
