A franchise is a business in which independent entrepreneurs use the rights to a larger company’s business name, logo, and products to operate an individual location. Many companies claim to be the “best franchise”. There are thousands of franchise opportunities available to business owners today. There are hundreds of franchises in the U.S. alone that you can research to find the best match for your interests, skills, and budget. You’ll want to choose a company that fits your skillset and your interests because most franchise owners become wealthy by owning multiple locations. There are several franchises out there that will meet all your general requirements regarding franchises.
Category: Travel Franchise
Franchise fee: $495 to $9,800
Initial investment: $3,245 to $21,850
Financing available: Through their internal financing system
Dream Vacations is a home-based travel agency franchise with no overhead or inventory this keeps the cost of initial investment low. It’s a great option for military veterans and offers discounted investment prices.
If you’re interested in owning a travel agency, a Dream Vacations franchise should be at the top of your to-research list. This is one of the most profitable franchises firstly for its low-cost investment: Depending on your experience level, the initial franchise fee may be as low as $495.
Category: Fast-Food Franchise
Franchise fee: $45,000
Initial investment: $1,008,000 to $2,214,080
Financing available: Yes, through third-party lenders
There is something to be said about brand recognition, and you’d be hard-pressed to find a franchise (or virtually any business, for that matter) with greater brand recognition than McDonald’s. Owning a McDonald’s franchise, wherever you’re located, guarantees a loyal customer base—a key for generating a profit. Buying a McDonald’s franchise requires a hefty initial investment, so this is not a pathway to profitability if you have limited access to franchise funding. Potential franchisees must have access to at least $500,000 in liquid assets for their application to be considered, and you’ll be expected to put down at least 25% in cash as a down payment to secure your McDonald’s franchise location.
Category: Food & Drink Franchise
Franchise fee: $40,000 to $90,000
Initial investment: $109,700 to $1,637,700
Financing available: Through third-party lenders
Dunkin’ franchisees also enjoy massive brand recognition—and that’s especially true in the Northeast, where the doughnut shop is beloved as something of a cultural institution. And, like McDonald’s, franchisees can take advantage of the robust franchisee support system that Dunkin’ offers. Dunkin’ dropped the “Donuts” from its name, but this business is as recognizable as ever with locations in 32 countries. They support their franchisees with training and assistance with site selection, construction, operations, management, and marketing.
Category: Printing and Packing Franchise
Franchise fee: $29,950
Initial investment: $138,433 to $460,031
Financing available: Through Guidant Financial
The UPS Store has been ranked among the top five on Entrepreneur Magazine’s Franchise 500 List for the past three years, thanks to the company’s world-class training and support system for new franchisees, strong brand recognition, and spotless reputation. The UPS Store is the top-ranked franchise in the business services industry. It boasts financial stability, brand recognition, and dedicated training and support and 84% of the U.S. population live within 10 miles of a UPS Store.
Category: Group Fitness Franchise
Franchise fee: $1,250
Initial investment: $2,500 to $38,000
Financing available: Unavailable
Jazzercise is a dance fitness franchise company founded by Judi Sheppard Missett. It combines dance, strength, and resistance training with popular music for a full-body workout. If you’re looking to start a low-investment, exercise business, a Jazzercise franchise might be a good fit for you. It offers various price points to begin a franchise and you can find the one that aligns with your budget.