The Most Successful Franchises
There are certain stores, restaurants, or brands that almost everyone recognizes. McDonald’s, Taco Bell, and 7-Eleven are a few good examples. How do these places seem to be everywhere? Why are they so successful and how do they cover the country and also the globe?
Franchises come with an existing business strategy, popular brand, and standardized training; all of which enable franchise owners to make full use of the demand in the market without spending lots of cash and time in establishing a brand and business.
Presented below are the 8 most successful franchises.
McDonald’s is not just one of the biggest franchises in the world, but also the most successful in America. As of 2018, there are over 13,000 franchise outlets in the US and nearly 21,000 outlets in the rest of the world. Starting a McDonald’s franchise can be really expensive at nearly a million dollars, but the returns are equally impressive.
This well-known franchise of a convenience store has over 50,500 outlets around the world. The firm was founded in the late 1920s and has continued to remain profitable. Its prolonged stay in the business has allowed it to develop great practices and franchise training programs that allow it to remain a successful company. Starting packages are as low as $40,000, which is also ideal for small-time entrepreneurs.
This is one of the most well-like donut chains in the world. It has over 11,000 franchise outlets around the planet and all franchise owners have been reaping the rich rewards of the successful money making formula of the firm. Investment for opening a franchise begins from around $230,000.
The UPS Store
This firm has franchise locations in the US, Puerto Rico, and Canada which total to just over 5,000 in number. Founded just 14 years ago, the UPS Store offers copy and print, packaging, and courier services that are still in demand in 2018. The return offered by a franchise is really good, while the initial investment is around $180,000.
Launched in the early 1970s, this burgeoning real estate franchise chain has nearly 7000 outlets worldwide. The starting investment is around $40,000, but the returns in the form of commission earnings are highly attractive.
Sonic Drive-in Restaurants
This restaurant chain is an American classic and it started franchise outlets in the fifties. Over the past few years, it has become very profitable and climbed up the ladder to become one of the most successful franchises in 2017/18. It has restaurants at more than 3,500 locations; however, the initial investment of over a million dollars is on the steeper end.
It is a solid strip mall salon franchise with over 4,099 stores in the US and Canada. The salon chain launched in the early 1980s and has become really popular. The initial investment is around $140,000, but the earnings are really good.
This restaurant chain’s brand is popular and highly recognizable in the US and around the globe. Founded in the mid-1960s, the franchise outlets serve Tex-Mex cuisines and the firm currently boasts of more than 7,000 outlets around the world. The starting investment is over $520,000.
Other successful franchises include Hardee’s, Sport Clips, and Right at Home.
If you were to become a franchisee of one of the options presented above, which one would you choose? Do you have the next big idea that will be included on this list someday?