The most profitable franchises ownership venture is the real American dream. A good, well-established brand, available for your association, will make all of your dreams come true. That is why here we have listed the most profitable franchises in the U.S.
The most profitable franchises in 2020 will include unusual names as well. We all know about McDonald’s and KFC’s, so let’s not waste our breath. Let’s discuss the lesser-known franchises that are an excellent opportunity for you to grow your business.
The UPS Store is a brand that delivers parcels all over the world. The brand presently has more than five thousand franchises all over the USA and Canada. It is one of the most profitable franchises in the U.S. The brand provides services in retail shipping, printing, postal, and business-related functions.
It is a highly- regarded brand that has made it to the Entrepreneur Magazine’s Franchise 500 list for three years. The initial franchise fees start from only $9,950, where the initial investment will start from $138,433. It is far easier to gain customers and revenue when your area needs the service.
The UPS Store has a partnership with Guidant Financial that focuses on veterans’ financing options and small store-in-store options in rural areas. If your market research shows that everyone is hoping for a new delivery service option in the area, UPS is the most profitable franchise investment.
You will need to show $60,000 of liquid cash available for the franchise, but it has an excellent reputation. The company gives you programs and incentives that will ease your burden, and if there is a need in your community, then this is a match made in heaven.
Dream Vacations is a well- known travel agency franchise that is a great investment option. Its a low-cost and high revenue investment, where the initial franchise fees starts from $496 and goes up to $9,800. If your franchise can show extensive business experience, you will get a considerable discount on your franchise fees.
The initial investment starts from $1,795 and goes up to $20,300. It is an unparalleled low rate and comes with an excellent brand reputation. The franchise offers exceptional discounts for veterans, first responders, military spouses, community heroes, medical and teaching professionals, and members of DiversityFran.
If you are interested in working from home, then the franchise does not require you to have a location and a shop. You can run your entire operation from home, and the company allows that option for its franchises. So it is one of the most profitable franchises for stay-at-home business owners!
Another unusual, but highly lucrative, franchise option is a fitness center. If you are a fitness buff like most of us, you will love the idea of the right fitness center. Anytime Fitness is a fitness brand that promises a 24/7 workout place.
Anytime Fitness is one of the most profitable franchise options that brings in many new customers with brand recognition alone. The monthly franchise fee is $699, and the initial franchise fee starts from $3,150. As there is a lot of fitness equipment required for the franchise, the estimated initial investment goes from $58,870 to $521, 437. If you are a fitness enthusiast, have access to an excellent venue, and proper equipment, you should apply for Anytime Fitness.
Pearle Vision was founded in 1961 and allowed eye exam and lens or glasses choice under one roof. It is a successful concept that is now used all over the world. The brand is now owned by Luxottica that is the largest eyewear company in the world.
You will have the best range of mid-tier and designer glasses, and you will have a reliable brand name to go with it. Data shows that Pearle Vision franchised with resident optometrist earned $1,325 million in revenue and $1.04 million in retail in 2018 alone.
But as with all major franchises, the franchise fee here is hefty. You can have the franchise with the initial payment of $30,000, and the estimated initial investment is from $391,795 to $620,538.
The Maids is a 40-years-old franchise that has a reliable support system and an extensive network. One franchise is expected to make $1.1 million annually, and its most profitable franchises made six million last year. Most cleaning franchises are expensive, but their initial investment in $200,000. You will only be expected to spend $200,000 in the first year of owning the franchise.
The initial franchise fee is $12,500, which is pretty affordable. The management of the franchise will require a high focus on quality, and that is why you should only go for it if you have substantial experience in the hospitality business. But the product promotion and customer gaining is a natural part of the franchise growth.
Dunkin’ Donuts is the most profitable franchise investment we can offer you. Not only in the U.S., but Dunkin’ Donuts also franchise a good investment all over the world. The brand has an exceptional global recognition. As food franchises are an expensive investment, Dunkin’ Donuts, when launched abroad, can be within your budget.
In the U.S., opening a Dunkin Donuts franchise requires $500,000 minimum of liquid cash. The initial franchise fee for Dunkin Donuts ranges from $40,000 to $90,000. The cost can be lowered if the entrepreneurs or qualified veterans intend to own multiple branches at various locations.
Another excellent cleaning service to consider is Jan- Pro. It is one of the few cleaning service providers who have franchised. The brand has a 25-year-long recognition and a long-range of proprietary cleaning system that you can boast.
Rather than committing to a massive franchise in hardcore fashion, you will have three franchising options. These options will allow you to choose the right package and involvement with the brand. Your choice will depend on your level of commitment and investment.
Jan- Pro also gives you the option of running the franchise from your home. Now, you do not have to waste money on setting up an office, set up a team of staff, and run your business from home.
The initial franchise fee is as low as a thousand dollars and can up to $20,000. The estimated investment also starts at $1,000 and will go up to more than $500,000. The main idea is that you can start a small operation from your living room and grow it into an industry.
All in all, the franchise business is an excellent investment if you have a few hundred thousand dollars. Running a franchise is better than starting a new business, mainly because many of the initial expenses coming your way while starting a new business But with a franchise, you already have a well-established brand that does not require any brand recognition in the first place. You only have to set up a shop, and you will have a massive amount of promotional material that you can use for your own branch’s promotion.
There will be no need to waste money on product development. You can use the product and business model provided by the franchise. You will achieve success with that simple business model alone.
So start your franchise owning a business today and grow your seed money at an excellent pace!