Top 25 Franchises to Own
Top 25 Franchises to Own
- Burger King
- ACE Hardware Corporation
- Pizza Hut
- Tim Hortons
- Smoothie King
- Great Clips
- Anytime Fitness
- Budget Blinds
- Home Instead
- Marco's Pizza
- Wireless Zone
- Homewatch Caregivers
- Glass Doctor
- Planet Fitness
- Service Master Clean
If you wish to be an entrepreneur and would like to be your own boss, then you perhaps could look at franchise business as an option. There are thousands of men and women across the globe that have built successful public and private franchise businesses and have built a fortune for themselves.
The biggest advantage with franchise business is that it helps in complete and total financial freedom. In other words, it helps a person to move from a single source of income to multiple sources of income.
Hence, in this article we will look at the top 25 franchises to own (both private and public). We are sure it will help in understanding some basic details about each of these businesses and help the readers to make the right choice.
However, before we briefly describe the 25 franchise businesses that are popular, let us have a basic understanding as to what franchise business is all about.
What is Franchising?
When we talk about franchising we are referring to a unique way and method of distribution of services and products.
It basically involves a franchisor who is the owner of a trade name or a trademark along with a proven business system and model. The other entity is the franchisee that has to pay a royalty along with an initial fee so that he or she gets the permission and right to do business under the franchisor’s system and name.
It basically is a contract that binds two parties and when they start working in the right direction for their mutual benefit.
It is a win-win situation for both the entities. The franchisor gets new markets for its products and services. The franchisee is able to look at new avenues for making money and this is how this business model has seen many ordinary human beings becoming extremely rich and financially free.
Hence, at the end of the day there is no doubt that public franchisee in most cases and private franchisees in some cases are known to be a good way to make big money in a legal, fair and transparent manner.
The Top 25 Franchises to Own
There is no doubt that is one of the most popular fast food franchise business models in the world. It started in the year 1955. It has a huge revenue of 21.10 billion dollars as per 2019 revenue figures.
KFC is the short form for Kentucky Fried Chicken was founded in 1952 and over the years it has grown quite rapidly. The revenue is estimated at 2.8 billion dollars.
3. Burger King
Burger King is another big name as far as successful franchises are concerned. It was founded in 1954 and it has a turnover of 1.78 billion dollars.
Founded in 1967 Domino’s is a big franchisee name and it has around 17,600 units. Domino's revenue for 2020 to 2021 was an estimated 4.2 billion dollars.
5. ACE Hardware Corporation
ACE Hardware Corporation is a 90 year old company and has a revenue of $2.79 million and is a good franchise option.
6. Pizza Hut
Pizza Hut needs no introduction and they have been able to build a successful franchisee model across the world. The estimated revenue is 1.45 billion dollars.
Wendy’s started their business in 1969 and they have 6,830 franchise locations around the world and it could be a good choice. The estimated revenue is 1.73 billion dollars for 2020.
Subway is yet another well-known brand and they have been into franchising business since 1974 and have around 41,600 locations worldwide. The estimated annual revenue is 1.8 billion dollars.
9. Tim Hortons
They have been into franchising business since 1964 and today they must be close to 5,000 franchising locations worldwide. Revenue is estimated to be around 1.88 billion dollars.
Baskin-Robbins has been into franchising business since 1950 and today they have around 8,000 locations worldwide. Estimated annual revenue is 1.9 billion dollars.
11. Smoothie King
They went into franchising business in 1988 and they are headquartered in Dallas, Texas, USA. Smoothie King has experienced a lot of growth. New stores have average annualized sales of $627,922.
If you are looking for a franchisee arrangement with a reputed automotive company, then Midas could be a good choice. The average revenue for Midas franchises is $1,255,966.
Chili’s could be a good choice for those who are looking for Grill and Bar and Special Venue Restaurant. The estimated annual revenue for Chili's 3.42 billion dollars.
14. Great Clips
They have been into franchising business since 1983 and they have around and they offer the best of hair services. The average gross revenue for their stores is $371,612.
15. Anytime Fitness
Anytime Fitness is into franchising since 2002 and for those who are looking to start a fitness business, this could be the right choice. The median annual membership revenue for franchises is around $1.7 million.
16. Budget Blinds
Budget Blinds is the place to be in for all those who want to start a business on blinds on a limited budget.
17. Home Instead
They are recently into franchise business since 1995. They offer specialized companionship services and other such services.
18. Marco's Pizza
Having been in the business since 1979, this could be a good business opportunity for those who want to be in a profitable food business.
19. Wireless Zone
Wireless Zone locations offer the latest wireless devices, smart home products, bluetooth accessories and more. It is the largest Verizon franchisor in the US. The median gross revenue for 2019 was estimated to be around $1,399,455. There are over 400 franchise locations in the US.
20. Homewatch Caregivers
With an ageing population, Homewatch Caregivers could be the best option for all those who want to be a part of this ever-growing business.
21. Glass Doctor
They have been into franchise business since 1970 and offer services pertaining to install, replacing, repair and other such areas of auto glass. Their business has a good future.
22. Planet Fitness
This is a company from New Hampshire and is into fitness training facilities and fitness related equipment.
23. Service Master Clean
This is one of the oldest companies and they have been into the business of residential services since 1948. They are experts in disaster relocation services.
Started in 1979 and headquartered in California, Jollibee offers franchisee arrangements for those who want to start restaurant business.
If you want children to become math wizards, it makes sense to go in for Mathnasium. It has been around for a reasonably short period of time, but has been able to grow impressively because of their ability to throw a new light as far as math preparations for young students are concerned.
These are just a few of the many thousands of franchisors around the world and as we read this article, it is quite possible that a few more will be added to the entire list as the weeks and months roll by.
If you are an ambitious individual and are keen on making a future for you and your family, it makes a lot of sense to look at some good franchisors. Look at their history, track record, number of franchisees that they have across the globe.
It certainly is a time-tested and proven model that has made ordinary people reach high levels of financial success within a reasonably short period of time.