The model of franchises has changed drastically in the last 40 years, and the franchises themselves have changed significantly. Today, opportunities are everywhere, just waiting for something to avail of them.
If you were to ask an aspiring entrepreneur which the best opportunity lies for them, the answer would more likely be some big American brand. What most people don’t understand is that the franchising industry is never the same and it is always in a refresh mode where new players are continually coming up increasing the competition within the industry.
Before you start judging our credibility, let us tell you why our top four choices came out the best among the rest. We used a ranking formula, which is highly acknowledged in the business world. The best thing about this formula is that it can keep up with the changes that take place in the industry.
Five pillars of choosing the right franchise:
Before we jump on to our top 4 franchises opportunities, just a quick decision-making criterion for you, that can help your decision making easier and intelligent.
- Size and growth
- Rate of growth
- Opening and operating units
- Financial stability and strength
- Financial statements audited by franchisors
- Cost and fees
- Amount of investment
- Franchise fee
- Royalty fee
- Franchise infrastructure
- Financing availability
- Operation support
- Marketing support
- Training times
- Brand Strength
- System size
- Years franchising
- Social media
- Business years
Top 4 franchise opportunities for entrepreneurs
One of the biggest fast-food brands in the world, McDonald’s opening in 1955 and has been the top contender in the list of top franchise opportunities for consecutively many years. The company is over 60 years old and has stayed on the top for the majority of the time. Wondering why? There is a simple answer to that, constant reinvention. McDonald’s, since the beginning, has focused on using all forms of marketing platforms, from digital menu boards to their mobile applications.
The initial investment for McDonald’s is between $1,008,000 to $2,214,080. The franchise fee for McDonald’s is around $45,000.
If you want to get the best returns, then you must invest in the best as well. If you simply think about the investment, it’s hefty. But with that investment, you are getting the popularity, brand recognition, and years of experience, all on a silver platter.
If you are deciding to invest in something that has a bright future prospect than might we suggest SONIC drive-in. We believe it is a much wiser investment than any other established brand because of SONIC history. SONIC has helped several entrepreneurs in the past into becoming a meaning community member. The brand realizes the potential for an individual, and today, it is one of the most iconic brands in the US.
You need to invest between $1,073,000 to $2,361,500, along with the franchise fee of $45,000. The franchise takes pride in its excellent operational service and is growing with each passing year.
The UPS Store
The UPS Store was established in 1980, is one of the top-ranking franchises in the service sector. It has the financial stability that offers better brand recognition along with a dedicated support and training program. More than 84% of the US population lives with 10 miles radius of the UPS store. The initial investment fee for the UPS Store is between $177,955 to $402,595, and the franchise fee is around $29,950.
UPS Store has undergone a complete renovation. Their floors are much more customer-friendly and interactive where customers can see the process of printing and packaging. This allows the brand to thrive even in today’s cut-throat market.
If you desire more excellent personal development and financial freedom, then grow your business with SportClips. The brand has a stable market position where it is always in demand with recurring revenue. The brand has a growth rate of 97.6% in the community in the latter half of the decade. This means that compared to all other brands in the world that opened in the last five years, SportClips is performing better than them.
SportClips is a stable and stable brand with a relatively low startup cost, continual monitoring of performance, and a robust support system. Initial investment that is required is $189,300 to $354,500 and the franchise fee is between $25,000 to $59,500.
We hope this article will help you make an intelligent franchise decision, and may you find all the success in your future endeavors. All the best.