Growth Club
1851 Growth Club
What Are the Best Franchises To Invest in Right Now?
Some food franchises thrived over the past year, while education and home service industries are breaking into the franchise scene unlike ever before.
The best franchises to currently invest in are the ones that have adapted to the COVID-19 pandemic, a struggling supply chain and new consumer behaviors. Some traditional franchises are dominating the industry, while others are pioneering their respective fields.
In April, 1851 released a list of the top five franchises to invest in. Perennial nominees McDonald’s and 7-Eleven were ranked highly, as was The UPS Store. Four months later, Entrepreneur.com’s Franchise 500 list featured many of those same businesses.
The pandemic made business difficult for virtually everybody, but restaurants that have made successful adjustments, like Popeyes navigating a chicken shortage, are desirable investment options. Some restaurant franchises have adjusted their business models in the past year better than others, and investment action should follow a proven history.
The Franchise 500 list gives a nod to other industries, too. The education industry, for example, has seen a hefty uptick in franchise attention with remote learning at an all-time high.
Kumon Math & Reading Centers, a franchised tutoring service, has gained serious investment appeal. Kumon’s strategy was put in place to address the need for remote learning long before the COVID-19 pandemic (having opened for business in the 1980’s) which puts them in a great position to thrive with a proven business setup.
Other franchises like SERVPRO® Restoration Services are thriving while home services are in high-demand due to more people staying at home. SERVPRO® specializes in clean-up and restoration from fire and water damage.
Here are some of 1851’s favorite franchises to invest in, sorted by industry:
