What is the best franchise to own? 14 Answers
What is the best franchise to own?
What franchise is the most profitable to own? From Anytime Fitness to Rise Biscuit & Chicken, here are 14 answers to the best franchise to own:
- Anytime Fitness
- Planet Fitness
- Kumon Math & Reading Centers
- Griswold Home Care
- Rise Biscuit & Chicken
- Curry Up Now
- Fit Body Boot Camp
- Brooklyn Dumpling Shop
Now that people are comfortable working out again with others, they’re looking for an affordable place to do so. That’s why Anytime Fitness is one of the best franchises to own. The operating costs are low, but the ROI is high. This is due to national brand recognition. They have over four million members worldwide and claim to acquire a new customer every minute. If you want a strong-performing fitness franchise, consider Anytime Fitness.
Melanie Edwards, Sr. E-commerce and Digital Product Manager, Olipop
Planet Fitness is the best franchise to own for a number of reasons. First, it is a low-cost franchise, so you don't need to worry about high initial investment costs. Second, Planet Fitness has a proven track record of success, so you can be confident that you will be able to make a profit. Third, Planet Fitness provides comprehensive training and support to franchisees, so you can be sure that you will have all the tools you need to succeed. Finally, Planet Fitness has a strong brand identity that customers will recognize and trust. These factors all combine to make Plant fitness the best franchise to own.
Lorien Strydom, Executive Country Manager, Financer.com
Franchises that are known for their coffee, such as Dunkin', are a great investment. Dunkin' in particular has locations in over 32 countries and research has known they rank highly in customer loyalty. While purchasing a franchise can be expensive, there is financing available through third-party lenders. As a bonus, Dunkin' supports their franchises with training, operations, management, marketing, and more, making it a wise business to own.
Christian Kjaer, CEO & Co-Founder, ElleVet
Although many people might think to flock to the fast food category for the most profitable franchise, I’d argue that although they are a safe bet, convenience stores such as 7/11 are an even more profitable option with less upfront training required and more lenient real estate requirements. 7/11’s can fit inside malls, on street corners, and require less staff as well as maintenance in comparison to a fast food joint of the same size. If this is your first venture into franchising, I don’t think there is a better place to start than with 7/11.
Patrick Robinson, Founder & CEO, Paskho
Kumon Math & Reading Centers
A surprising top contender among a list of the 500 best franchises to invest in for 2022 was Kumon Math & Reading Centers. One main reason for this is the ability to scale a physical location to have a wider reach with online tutoring and learning. There is also no need in hassling with the logistics of food delivery and other essential services for a comparable fast food franchise.
Michael Burghoffer, CEO, PicoSolutions
McDonald’s is one of the most franchised companies in the world. There are over 36,000 restaurants worldwide, around 14,000 of which are in the United States. The franchise is a great choice for those looking to start a business. It is an established brand with a solid reputation. There is a lot of brand recognition and awareness. This can be a huge advantage if you are trying to build a new business. McDonald’s has come a long way and is now considered a healthy fast food alternative. The company prides itself on offering high-quality food to customers in a convenient manner. With a McDonald’s franchise, you know what you are getting into. The brand has been around for over 70 years and is still going strong. If you are looking for a successful franchise to own, McDonald’s is probably one of the best choices.
Luciano Colos , Founder & CEO, PitchGrade
Griswold Home Care
Being the business owner of a home cleaning service, I believe this particular franchise is of great importance. They currently run in over 168 locations, growing in popularity since the pandemic. Since they cater to the senior population, people prefer their franchise due to the good quality and care. With almost 40 years of experience, they look after adults coming from varied backgrounds. This will not only be a profitable opportunity due to the current market but would provide a sense of community. Many of the current franchise partners praise the culture and compassion found in every Griswold Home Care franchise. They not only have a homely system but take it up a notch by relating it to their own life. A kind of care you can find at home is a rare scenario. I feel many businesses can find their social purpose through this opportunity.
Ryan Knoll, Owner, Tidy Casa
Rise Biscuit & Chicken
Given the current status of the U.S. real estate market and the historically low-interest rates on credit cards, I believe that now is an excellent moment to invest in a Rise Biscuit & Chicken franchise. The Rise biscuits franchise has proven to be a cost-effective business venture since its restaurant only requires 1200 square feet of space. The opportunity's other ace in the hole is that it's a chicken franchise, a sector that's always booming. At Rise, they offer a special kind of righteous chicken that attracts its own dedicated fan base. Franchises of Rise operating in California, Tennessee, Maryland, and elsewhere have implemented the automated kiosk and report improved efficiency and customer service in the absence of a cashier. Its franchise model is highly transferable, making it possible to open multiple locations in other cities. This is a once-in-a-lifetime chance to own this franchise.
Frederic Linfjärd, Director of Growth Marketing, Planday
Curry Up Now
Because of their amazing franchise opportunity, minimal startup expenses, and high success rate, I believe this is the ideal franchise to buy. There aren't many places that provide truly authentic Indian food, but Curry Up Now is one of them. In order to become a franchise owner of Curry Up Now, you will need a reasonable amount of starting money and liquid capital. However, franchisors provide ongoing help and sales are consistent. In addition, running a successful franchise requires little in the way of complicated procedures.
Nely Mihaylova, The Content Editor, UNAGI Scooters
Since this is the fastest-growing electronic franchise in the United States, I think it would be a good investment to buy into it. PayMore is offering franchise opportunities to anyone who is seeking anything other than the food industry. This business has great potential given the current market for pre-owned electronics and the recession-resistant characteristics of the sector as a whole. It has gained widespread recognition and praise from people all over the world. The franchise owner's profit is in the six figures thanks to the minimal start-up costs and high income. The innovative and effective franchise business model integrates the revenue streams of several fast-growing sectors with one-on-one guidance and the scalability benefits of digital software.
Tiffany Payne, Chief Marketing Officer, iFlooded Restoration
Fit Body Boot Camp
Fit Body Boot Camp provides scalable personal training as a turnkey operation for a funding requirement of $100,000 with the potential for larger profit margins than comparable fitness firms. Low-cost equipment, long-term training, and customized diet regimens are all things that Fit Body Boot Camp emphasizes. In my opinion, franchisees have the opportunity to collaborate with marketing experts on things like advertising campaigns, promotional initiatives, and more. You can make use of their website, software, and low-priced retirement plans for both you and your staff. You may guarantee that you will have a substantial chance to serve clients thanks to Fit Body Boot Camp's region map.
Steve Rose, CEO, Money Transfers
The best franchise to own is NextHome. NextHome is a real estate company that specializes in helping people buy and sell homes. With a network of over 1,200 real estate agents across the United States, NextHome is known for their innovative technology, customer service, and marketing. NextHome has been ranked as one of the top 50 franchises by Entrepreneur magazine, and they were named one of the top 100 franchises by Franchise Times. It is a great investment for anyone interested in owning their own business, and they offer a proven business model with a strong brand identity.
Ludovic Chung-Sao, Lead Engineer & Founder, Zen Soundproof
Brooklyn Dumpling Shop
Considering the current market, I believe this is the ideal QSR franchise to invest in. I think generation Z has surpassed baby boomers as the largest living demographic, and they are at the vanguard of a movement to revolutionize our relationship with food. Fast cuisine requires minimal handling from start to finish. The Brooklyn Dumpling Shop is America's Hottest Startup, with multi-bagger chances and a high potential for long-term success in the U.S. market. Every franchise location includes a contactless automated kiosk where customers can order and pay for their authentic dumplings without having to wait in line. With little competition, minimal start-up expenses, and an expanding client base, many new franchises are seeing substantial profits. In the United States, many people value time as highly as they do cash. This fast-casual franchise saves franchisees and consumers money and time. Its flawless operations and revenue-generating offerings reduce franchisee dissatisfaction.
Daniel Foley, Founder, Assertive Media
If you're looking for a franchise to invest in, go no further than this brand-new business opportunity in the United States. Franchises can make rich selling desserts to guests, who are pleased to pay the lowest costs for a wide variety of unique treats. The popularity of frozen desserts is on the rise. It's no surprise that Gooey Butter Cake and Italian Tiramisu are two of the most popular frozen desserts on the market. It wouldn't take much effort to replicate this restaurant's success. Food can be prepared and served with minimal effort and skill. There is no need for a master chef or elaborate kitchen setup with JARS.
Holly Cooper, Content Manager & Planner, Lucas Products & Services
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