Hottest Businesses to Franchise in America

Owning one’s own business is a dream for many Americans, offering an opportunity to put their business skills to the test and turn a significant profit. Starting a business wholly from scratch is a daunting task, and many aspiring entrepreneurs choose to open a franchise instead.

There are hundreds of companies that offer franchise opportunities, but a handful stand out as doing especially well, growing swiftly in recent years. Many of the fastest-growing franchises have more than doubled their total locations in the last five years.

To determine the hottest businesses to franchise in America, 24/7 Wall St. reviewed data on franchise growth from Entrepreneur magazine’s 43rd annual Franchise 500 ranking.

The hottest businesses to franchise are in a range of industries, including restaurants, gyms and workout classes, cleaning services, real estate, and salons. Franchise businesses often require significant initial investment in real estate, materials, and more. The franchises on this list can have starting costs anywhere from a few thousand to several million dollars. 

Franchises offer the option of owning a business with a ready-made business plan, brand identity, and blueprint for success. Many well-known businesses offer franchisees a positive business image that they can benefit from without having to cultivate it themselves. However, this can be a double-edged sword, as any scandals at the corporate level can taint the image of all locations through no fault of the franchisee. These are America’s most hated companies.

Click here to see the hottest businesses to franchise in America
Click here to read our detailed methodology

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Source: Read Full Article