What Are the Best Franchises To Invest In?
The best franchise concepts combine profitability with ease of operation, but the best option also depends on the goals and values of the investor.
The best franchises to open in 2021 all boast strong profitability, streamlined operations and strong brand names, but not every franchise is right for every franchisee.
First, here are some of the franchises that consistently rank highest in metrics like revenue and growth potential:
McDonald’s
- Startup costs: $1,300,000–$2,300,000
- Units: 39,000+
7-Eleven
- Startup costs: $70,000–$1,200,000
- Units: 68,000+
Popeyes Louisiana Kitchen
- Startup costs: $384,000–$2,600,000
- Units: 3,377
Dunkin’
- Startup costs: $200,000–$1,700,000
- Units: 13,125
The UPS Store
- Startup costs: $138,000–$567,000
- Units: 5,268
Notice something about these franchises? They’re all over the map. The best franchises to open include fast food, a coffee shop, a convenience store and a shipping store.
All of these franchises have a proven business model and thousands of profitable stores in operation. The best franchise for any individual franchisee will match their skills and interests.
The Best Franchise For You
Because franchisees need to dedicate lots of time to running a business, a franchisee has the best chance of success when they actually like dealing with the type of business they pick.
Consider Franchise Investment Levels
Additionally, individual franchisees need to consider their investment levels. Franchisees with less money upfront should go for lower-cost franchises while more experienced and better-capitalized franchisees can likely land a big-name brand.
Consider Territory Availability
Furthermore, the franchise has to have available territories near the franchisee candidate. With brands like McDonald’s or Dunkin', franchisees may find themselves commuting to a distant territory as their neighborhood has been taken.
In summary, the best franchise to open in 2021 will have a profitable, proven business model with a comfortable investment level and territory availability.
1851’s Favorites
Of course, not every franchise entrepreneur can or should invest only in the behemoth brands listed above. Here are some of our favorite franchise brands to invest in this year:
Best Real Estate Franchises To Buy in 2021
Best Child Education Franchises To Buy in 2021
Best BBQ Franchises To Buy in 2021
Best Beauty Franchises To Buy in 2021
Best Home Service Franchises To Buy in 2021
Best Retail Franchises To Buy in 2021
Best Automotive Franchises To Buy in 2021
Best Coffee Franchises To Buy in 2021
Best Mexican Restaurant Franchises To Buy in 2021
Best Bar & Grill Franchises To Buy in 2021
Best Chicken Franchises To Buy in 2021
Best Sports Franchises To Buy In 2021
Best Pool Franchises To Buy in 2021
Best Restaurant Franchises To Buy in 2021
Best Sandwich Franchises To Buy in 2021
Best Laundry Franchises To Buy in 2021
Best Seafood Franchises To Buy in 2021
Best Hair Care Franchises To Buy in 2021
Best Low Cost Franchises (Under $100k) To Buy in 2021