If you're anxious to delve into the world of franchising, selecting the right business opportunity at the right time can be a daunting task. Franchises have evolved into highly efficient business models in a variety of industries; from pet sitting to maid services, there are many creative and unique business ideas that now populate multiple states and cities with a unique operating process. Franchises can offer many benefits to new business owners, including comprehensive training from the corporate entity, as well as plenty of marketing and administrative support. Franchise owners are independently responsible for the sales and productivity of their individual site, and pay a portion of royalties to company headquarters. As you set your sights on franchise opportunities this year, you'll find plenty of potential in fast-service restaurants. Entrepreneur Franchise 500 publishes a listing of the top predictions each year. Here's a look at the top ten industries, companies, and ideas for 2007:

1. Subway

This famous sandwich chain continues to expand across the country and the globe with outlets tucked into Wal-Marts and other superstores. Subway has had much success with Jared's low fat sandwich campaign, as well as introducing a line of oven-baked pizzas.

2. Dunkin' Donuts

The yummy donut stand and shop continues to crank out those miniature delights for in the early morning hours. The company has relaunched its brand image and marketing strategy, and is slated to open in theme parks, vacation spots, and dozens of strip malls.

3. Jackson Hewitt Tax Service

This no-nonsense tax office is a valuable addition to many suburban communitieis, and continues to draw in many customers looking for independent tax services, tips, and advice.

4. 7-Eleven

The well-known corner store famouse for its slushy drinks continues to expand across the nation, offering today's most popular snacks, convenience foods, and round-the-clock service.

5. The UPS Store

Offering convenience and exceptional customer service throughout its locations the UPS store helps with packing, mailing, and shipping in one place. Cusomers continue to visit their closest location for tips, advice, and packaging material. With the increase in E-bay selling and online auction sites, the UPS store has quickly become a necessity in many communities.

6. Domino's Pizza

This pizza chain continues to compete with the stronger brands, but is a popular choice for many suburban communities and college towns. Domino's offers attractive specials each week with a heavy focus on advertising and marketing.

7. Jiffy Lube

The one-stop oil change shop is a popular consumer choice for many last-minute oil changes, check-ups, and transmission updates.

8. Sonic Drive-In Restaurants

An expanded menu and plenty of tantalizing flavors this year are just one new part of Sonic Drive-In. This diner-style, quick service food spot serves classic American fare at competitive prices.

9. McDonald's

Billions of burgers sold, and this franchise continues to make the top ten list each year. McDonald's is an American legend that helped develop the concept of franchising in the U.S and beyond. This year, efforts turn to a few new menu items and a focus on healthy meals.

10. Papa John's

A surprise top ten list addition, this pizza franchise is steadily heading towards competition with Domino's. The casual dining chain offers up plenty of choices in pizzas and appetizers, with territories slated for opening on the west coast.

Franchise restaurants, cafes, and service companies offer many benefits to their business owners, but they are not without their drawbacks. Many require upfront fees of up to a $250,000, and may require long-term contracts spanning out over ten years. Royalty fees take a significant amount out of the profit streams of revenue, and net worth will vary depending on the location and overall success. Franchises are designed to operate under specific guidelines; there is not much room for changing procedures and policies and owners and managers are responsible for maintaining specific standards that are reviewed continuously. Still, franchising offers a unique type of freedom; access to complete training and learning the business plan and model, ability to hire and train staff with ease, and even some flexibility in operations and management.