Investing in a franchise is a reliable option for people starting their first business. You get a proven business model
and a recognizable brand, plus a boatload of support while you cut your entrepreneur teeth.
The best franchises aren’t necessarily the ones everyone knows about, but the following eight are great ideas to consider if you’re ready to invest in a franchise.
The world’s top convenience store has been around for nearly 90 years! The name changed a couple of times before becoming 7-Eleven in 1946, to reflect the stores’ expanded hours. Despite the franchise’s 24-hour operating model today, the name remains.
This is a great choice; you’re up and running in six months, max. Franchisees split profits with the brand instead of paying royalties, and take advantage of 7-Eleven’s technology, such as inventory management. What’s more, they provide the facility, the land, and a ton of training and support.
Learn more about starting a 7-Eleven franchise here.
2. Anytime Fitness
Entrepreneur named this franchise in its Top 500 two years in a row, 2015 and 2016. With the constant growth in health clubs, (1 million new people join each year), that kind of success is no surprise.
Anytime Fitness members love the club’s 24-hour availability, while franchisees love the security systems that mean they don’t have to staff the facility 24 hours a day. Click here to learn more about this $78 billion industry and Anytime Fitness’ franchise opportunities.
Founded in 1953 as Danny’s Donuts, the company expanded to 20 locations and changed its name to Denny’s, all before the end of the decade. Ten years after opening that first location, Denny’s sold its first franchise, going IPO three years later.
Today, 90 percent of all Denny’s are franchises. The year Denny’s turned 60 (2013), it launched the $1 Million Incentive, offering reduced rates and fees to investors willing to promote Denny’s focused growth into emerging markets.
Learn more about starting a Denny’s franchise here.
4. Jimmy John’s Sandwiches
This franchise exploded in popularity in recent years, and topped Entrepreneur’s 2016 Franchise 500 list. The brand is famous for delivering delicious sandwiches, made fresh within 30 seconds of ordering.
The goal at Jimmy John’s is simplicity; they know what they do and want to be the best at it. If you’re interested in opening a franchise, learn more here.
For a business that can never be outsourced, look at anything service-related. Supercuts launched in 1975 with a technology-driven model to provide haircuts and other hair care services. Today, the business just keeps growing.
Supercuts offers investors a complete franchise model, with a support system that includes marketing, training, and operational support. If you’re interested in learning more, click here.
6. Dunkin’ Donuts
Despite everyone talking about the evils of carbs, people never stop eating donuts. With a 70-year history, Dunkin’ Donuts exists in over 30 countries, serving 70 different donut varieties. They’re also famous for brewing excellent coffee, and expanded into breakfast sandwiches and other bakery items, such as bagels.
To learn more about a Dunkin’ Donuts franchise, click here.
You’ll notice a prevalence of restaurants on this list. This is because Americans eat out more than at any other time in our history. Busy lifestyles mean that the average person hits at least one drive-thru or takeout counter every week, if not every day.
Subway’s assembly line method of sandwich making keeps bringing customers back. Investors like the relatively low cost of a Subway franchise, plus the fact that it makes numerous best franchise lists year after year. To learn more about Subway franchises, click here.
When it comes to cleaning and restoration, Servpro has earned its spot as a top brand.
The company specializes in disaster restoration, performing repairs due to water, fire, mold, and storm damage. They offer residential and commercial services and earned top 10 spots on a number of franchise lists in recent years, including those of Entrepreneur and The Wall Street Journal.
To learn more about a Servpro franchise, click here.
The Bottom Line
Franchises make a simple investment for anyone looking to launch their first business, but they also work well for experienced entrepreneurs. Franchisors typically offer an enormous amount of support to their franchisees, such as marketing assistance and training. If you’re looking for an investment opportunity, these eight businesses are worth looking into.