If you’re an entrepreneur searching for the best franchise opportunities, our current listings are a great place to get ideas! Our team has researched the top franchises to save you time and broaden your horizons.
Many of the franchises can be purchased with a small initial investment, so you can keep your day job while learning to be a franchisee. Our listings are easy to access and come with complete information about the company, so you can make an informed decision about which franchise businesses to pursue.
The best franchises to own cover a variety of industries, so you have choices about what products or services you want to sell. Our top picks in franchising cover food delivery, social platforms, education and specialty products. You can opt for a franchise that uses your current level of experience, or decide to learn something new.
Many of our top franchise opportunities require small cash investments and are easy to establish. They make a quick profit and are easy to expand, which makes it easier to grow your franchise business.
How Do You Choose the Best Franchise for You?
You have a lot to consider when looking into new franchise opportunities. Potential franchisees can be a bundle of nerves trying to find the best franchise opportunity, raise the initial franchise fee and get started on their new business venture. To make things go easier and to help you pick the most profitable opportunities available, we've boiled down a few major points to resolve before you take the plunge and buy into a franchise. In general, the franchise you're looking at investing in should have:
Name Recognition
Bigger names got that way by being successful, and being a good place to do business for franchise owners is a huge part of that success. Popular franchises grow as big as they are by recruiting and retaining top talent, with current franchise holders finding enough positivity to keep them invested in the relationship. If the brand you're thinking about franchising with has thousands of happy, local partners, it's a fair bet you can be one of them as well.
Proven Track Record
Going hand-in-hand with industry success is a proven track record of sales, which is one reason McDonald's started advertising how many billions of hamburgers it's sold. A brand that's been able to maintain a high volume of sales for decades probably has a devoted following for you to tap into, taking care of one major headache new franchise owners often worry about.
Low Competition
There's a difference between being the only coffee shop in town and competing with dozens of other coffee shops on the interstate. There's also a difference between running a restaurant that's broadly similar to other restaurants and offering a unique niche service. As a rule, the less competition you have, the easier it is to recruit new customers.
Affordable Upfront Costs
It costs money to start a franchise, but the initial investment costs are all over the map. Low-cost franchises may charge $0 to start, with similarly low initial investment costs since you're working from home. Others can charge you millions upfront. Ask your potential new franchisor about financing options, internal financing and other affordable ways to get your foot in the door.
Compatibility With Your Skillset
You want to pick a franchise in which you can succeed, which usually means sticking to industries where you have experience. If you're an experienced chef, restaurant franchises are obviously going to be attractive. If you're mechanically inclined, think about franchising an auto shop. While this makes things easier in theory, you're not strictly bound to one lane. Many of the fastest-growing franchises even offer initial and ongoing training to help inexperienced franchisees learn as they go.
Undivided Attention and Passion
Above all, you have to love what you're doing. A new franchise calls for attention and hard work, and if you're not passionate, you may have a hard time getting past the inevitable hurdles. Pick something you feel strongly about doing and run with it, and the work will be worth doing.
By becoming a franchise owner and investing in a franchise, you are really investing in yourself and your financial future. Take a look at our top franchises in your area, and start on the path to building your wealth and dreams today!