Number of locations: 1,200+. @meredithlhart. Sonic Drive-In is a fast-food restaurant specializing in drive-in delivery service. Initial investment: $123,150 As a franchisee, you earn commissions on vacation plans booked through its system. When was the last time you made a fast food stop or purchased a coffee before work? You must be logged in to comment. Initial franchise fee: $20,000 Initial investment: $89,619 – $125,023 His expertise is featured across Fit Small Business in starting a business content. Merry Maids is a residential cleaning company. If you want golden arches of your own, you'll need to put in a hefty initial investment. Great clips is a walk-in hair salon that provides haircuts for men, women, and kids. Ongoing royalty fee: 8% We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to … After five years of being a franchisee, the typical owner will open another five to six locations. 9Round is a kickboxing-based class fitness gym. Liquid capital requirement: $85,000 The franchises listed above are seeing the largest growth in franchise locations over the past year, which is one of the key indicators of profitability. This domestic and commercial cleaning company was founded by Dallen W. Peterson in 1979 in Omaha, Nebraska. The typical Great Clips owner will open more than one business. It boasts financial stability, brand recognition, and dedicated training and support — and 84% of the U.S. population lives within 10 miles of a The UPS Store. Select the newsletters you’re interested in below. This list is made available for use by Lenders/CDCs in evaluating the eligibility of a small business that operates under an agreement. Every town, small or large, needs a cleaning service, and what better cleaning franchise to start in a small town than the popular merry maids cleaning business. Orangetheory Fitness is a quality franchise to open because it’s a quickly growing business in the popular fitness industry. Initial franchise fee: $37,500 – $51,500 Kona Ice is consistently one of the top-rated ice cream franchises, though its shaved ice. This is a great franchise to own because of the low royalty fee at only 2% of sales the first year and 3% every year thereafter. Forbes partnered with FRANdata to assess and assemble a list of the best franchises. In fact, it is likely to have more sales during a recession because shoppers are looking to be frugal. Network with the growing Business Community to get expert interventions to let you learn to Grow & Expand your Business with Franchising. According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. Small Business Franchise Opportunity Guide Small business franchises come in many shapes and sizes, from nationally recognized household names to locally grown niche businesses. Initial investment: $250,000 – $350,000 It provides new franchisees with comprehensive training, and you don't need prior business or home care experience. You can use these funds to help you pay for the initial cost of franchising a business. His expertise is featured across Fit Small Business in starting a business content. Net worth requirement: $500,000 New owners get to travel to Memphis, Tennessee, for two weeks of training; one of the longest franchise training periods on this list. See All Small Biz Franchises. Processing or manufacturing In this model the franch… Get free and comprehensive information about these great affordable franchise opportunities. Liquid capital requirement: $70,000 A franchise fee is a cost a potential franchisee pays up front to operate the franchise. Great Clips has been in business for 30 years and provides its franchise owners with up-to-date technology and training. Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Initial investment: $15,000 Free and premium plans, Content management system software. The company is routinely considered one of the top cleaning franchises. Discover your future today! Number of locations: 1,700+. Furthermore, Fit Small Business never allows partners to pay us to guarantee placement within an article that isn’t clearly marked as sponsored and companies cannot pay us for favorable (or unfavorable) reviews or ratings. If you want to start a business, buying into a franchise may be a good alternative to starting a unique venture. Our convenient home-based business model benefits Franchise Owners and customers alike. I'll review what each franchise requires in terms of the franchise fee and the initial investment you'll need to make. If you’re in a smaller market, you can open a location for under $150,000. Its franchise fees vary greatly because it offers a mobile compact gym, or standard gym option. This article is part of a larger series on Buying a Franchise . Two Men And A Truck is also an affordable franchise. When buying a franchise, a low-cost option such as a mobile business is a great way to build a customer base before opening a physical location. Liquid capital requirement: n/a Initial franchise fee: $59,950 Blake Stockton is a staff writer at Fit Small Business focusing on how to start brick-and-mortar and online businesses. 9Round’s franchise fee is low, which means the franchise can become profitable more quickly than other fitness franchises. This brand keeps growing — its franchise owners saw the average gross sales-by-store increase from $1,072,000 in 2012 to $1,256,000 in 2018. Liquid capital requirement: $250,000 As a consultant, he helped over 700 biz owners start and grow their business. With little overhead and no real-estate costs, our initial investment is significantly lower than most franchise concepts in the recession-resilient pet care space. Franchise Direct helps by providing information, news, success stories and videos on each franchise business in its directory. Many owners find Cruise Planners appealing because of the ongoing low royalty at only 1% to 3%, which varies by the type of vacation plan sold. Dream Vacations is a home-based travel agency franchise with no overhead or inventory — this keeps the cost of initial investment low. Determining the profitability of a franchise isn't an exact science, but there are a few factors to consider: Whether you're looking for a low-cost franchise, or ready to go all-in on a high investment franchise there are options for you. 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