When a new business opens in your area it can be one of several different types. The business could be part of a larger chain where the company owns and operates all units. It could be a small business started by a single person and not part of a larger company. The new business could be a franchise business, which is where a larger company franchises units to individuals.
Bring Something New to Your Area with a Franchise Business
Deciding what type of franchise business to start will depend on the types of products and services already available in your area. You will want to look for opportunities which bring something new to your area. You will also want to consider the market saturation for a particular product or service. For example, if there is only one quick oil change business in the area, chances are your community will be able to support another one.