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The franchise brands most likely to succeed have competent, well-capitalized franchisors and belong to sectors including home-based businesses, QSR concepts, automotive services, tech companies, tutoring centers and health and wellness spas.Here are the three factors that help determine if a franchise is likely to succeed:<h4>The Franchisor</h4>While some industries are more poised for growth than others, a good franchisor can win in a bad market and a bad franchisor can lose in a good one.&nbsp;In general, a brand’s <a href="https://1851franchise.com/what-is-an-fdd-2705192">franchise disclosure document (FDD)</a> is the best way to evaluate the franchisor as it provides in-depth information on the brand’s performance history, business model and support infrastructure.&nbsp;<h4>The Franchisee&nbsp;</h4>Successful franchisees, without fail, have a passion for what they’re doing. A great franchisee can work with a great franchisor in a great industry, but if they don’t truly live the brand, they can still fail.&nbsp;For example, if a prospective franchisee is coming from a background in sales, then a <a href="https://1851franchise.com/top-10-retail-franchises-to-watch-in-2020-2711701">retail franchise</a> may be the best bet. If they are more skilled at working alone, then they’ll want to find a concept that does not require managing a team, such as pool maintenance or dog-walking.&nbsp;The business model should also <a href="https://1851franchise.com/finding-the-right-franchise-fit-what-franchisees-look-for-when-buying-a-franchise-2713801">align with a candidate’s specific goals</a> — are they looking for a semi-absentee business opportunity that will generate passive income over time or are they looking for a 9 to 5 job that will put them on a new career path?<h4>The Industry&nbsp;</h4>Prospective franchisees will want to evaluate the longevity of the industry, consumer demand, competition and how the specific category has fared with the COVID-19 pandemic.&nbsp;For example, <a href="https://1851franchise.com/360painting/despite-2020s-challenges-360-painting-saw-40-year-over-year-growth-2714905#franchisor">home-service franchises have been booming</a> as homeowners spend more time tackling renovation projects, and <a href="https://1851franchise.com/covid-19-vaccine-what-it-means-for-the-pizza-and-fast-food-boom-2714504">quick-service restaurant concepts</a> are appealing to the growing demand for delivery and takeout services. Other categories that are particularly hot right now include: <a href="https://1851franchise.com/top-10-automotive-franchises-to-watch-in-2020-2711553">automotive services</a>, <a href="https://1851franchise.com/5-technology-franchises-making-a-name-for-themselves-in-the-industry-2706594">tech services</a>, <a href="https://1851franchise.com/top-10-childrens-education-franchises-to-watch-in-2020-2711699">children’s education</a> and <a href="https://1851franchise.com/the-best-health-wellness-franchises-to-buy-in-2021-2715127">health and wellness</a>.For more information, publications like <a href="https://www.entrepreneur.com/franchise500/2021?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-type-of-franchise-is-most-likely-to-succeed-2715203" target="_blank" rel="nofollow">Entrepreneur </a>and <a href="https://www.franchisetimes.com/franchise-times-top-200/article_77c9c957-2238-5477-959b-0674d5584089.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-type-of-franchise-is-most-likely-to-succeed-2715203" target="_blank" rel="nofollow">Franchise Times </a>release annual lists that detail the top franchise categories and concepts of that particular year.

What Type of Franchise is Most Likely to Succeed?

1851 Franchise

The most successful franchise brands are the ones with strong business models and supportive franchisors in well-positioned industries.

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Dillas Quesadillas

Design with photo of Michael Mabry and Dillas Primo Quesadillas logo

Franchise Times: New Franchise Exec Says Dillas Is Bringing ‘Excitement’ Back to QSR Category

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Lawn Squad

Greener, Faster, Smarter: Why Entrepreneurs Are Choosing Lawn Squad 

Greener, Faster, Smarter: Why Entrepreneurs Are Choosing Lawn Squad as a Treatment-Only Lawn Care Franchise

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Jollibee

How Jollibee’s Veteran Leadership Team Is Rewriting the Playbook for U.S. Expansion

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Woodhouse Spas

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Mellow Mushroom

How Mellow Mushroom’s Model Made it the Perfect Addition to Brad Harper’s Restaurant Portfolio

How Mellow Mushroom’s Flexible Model Made it the Perfect Addition to Brad Harper’s Growing Restaurant Portfolio

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What Type of Franchise is Most Likely to Succeed?

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