1851

In April, 1851 Franchise conducted <a href="https://1851franchise.com/can-you-get-rich-owning-franchises-2715618#stories">research</a> showing that the <a href="https://pos.toasttab.com/blog/on-the-line/how-much-do-restaurant-owners-make?utm_source=1851franchise.com&utm_medium=article&utm_campaign=can-you-get-wealthy-owning-a-single-franchise-unit-2716844" target="_blank" rel="nofollow">salary range of a non-franchise restaurant owner</a> can range from $24,000 to $155,000. This wide margin shows that different kinds of franchises are equipped to handle multi-unit ownership better than others, as a $155,000 salary suggests a business owner has to spend more time working.It also shows that a single unit can bring wealth for a lot of franchise owners. Not everybody needs to own multiple franchises to earn a six-figure salary.Multi-unit franchise ownership is a challenge for many business owners, as each franchise needs individual attention. Single-unit ownership is often a better means for business owners looking to enter the franchising industry, as it allows them to devote their attention to a single operation without demands from multiple locations.An absentee franchise ownership model is often best equipped for multi-unit owners, but the largest single-unit revenue models are often the businesses that require full-time ownership demands.Owning multiple franchises also comes with multiple up-front franchise payments, which may cause several business owners to shy away from this form of ownership. Startup funding can cost six or seven figures for certain franchises, which is another hurdle for those looking to create a diverse revenue stream. The end goal for multi-unit owners is to develop a sustainable form of income, but it can be tough to get wealthy right away with so much money committed toward getting off the ground.Short-term wealth is often better equipped for single-unit ownership, but a franchise owner can also generate long-term revenue through a single franchise with an established strategy in place.

Can You Get Wealthy Owning a Single Franchise Unit?

1851 Franchise

Revenue models are often more projectable for multi-unit owners, but single-unit ownership can still draw serious income.

can-you-get-wealthy-owning-a-single-franchise-unit

Children's Lighthouse

Why Franchisees Are Buying — and Expanding — with Children’s Lighthouse

why-franchisees-are-buying-and-expanding-with-childrens-lighthouse

Mosquito Squad

image of a mosquito squad franchisee visiting a site for bidding

Why More Families Are Saying Goodbye to Mosquitoes — and Hello to Mosquito Squad Plus

mosquito-squad-pest-control-consumer-benefits

image of mosquito squad franchise team in front of a nice home

Built To Outsmart the Buzz: Why Mosquito Squad Plus Is the Franchise Opportunity Pest Control Entrepreneurs Have Been Waiting For

mosquito-squad-franchise-opportunity

KidStrong Franchising, LLC

Why This Orangetheory Fitness Franchise Owner Decided To Invest in KidStrong

why-this-orangetheory-fitness-franchise-owner-decided-to-invest-in-kidstrong

Building Stronger Futures: How KidStrong’s Atlanta Footprint Is Sparking Transformational Growth

building-stronger-futures-how-kidstrongs-atlanta-footprint-is-sparking-transformational-growth

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

McDonald’s Rolls Out Major Value Push To Win Back Customers Amid Inflation

mcdonalds-rolls-out-major-value-push-to-win-back-customers-amid-inflation

Photo of Paris Baguette pastries and beverages 

Paris Baguette Celebrates 250th Café Opening in Frederick, Maryland, Accelerating Expansion and Reviving the Neighborhood Bakery Café

paris-baguette-250th-north-america-cafe

Restaurant Chains Open Their Wallets To Jump-Start Franchise Growth - 1851 Franchise

Restaurant Chains Open Their Wallets To Jump-Start Franchise Growth

restaurant-franchise-incentives-cash-royalty-holidays-fee-reductions

U.S. Budget Deficit Rises as Tariff Revenues Increase — Potential Considerations for Franchising

us-budget-deficit-rises-as-tariff-revenues-increase-potential-considerations-for-franchising

Dickey's Franchisee Backlash - Lawsuits - Disputes - 1851 Franchise

Texas-Based Dickey’s Barbecue Pit Grapples with Franchisee Backlash

dickeys-barbecue-pit-franchisee-lawsuits

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

Can You Get Wealthy Owning a Single Franchise Unit?

MORE STORIES LIKE THIS