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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?

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

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Crust Pizza Co.

Crust Pizza Co. Spreading Through the Southwest - 1851 Franchise

Crust Pizza Co. Targets Southeast U.S. for Expansion

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Seniors Helping Seniors®

Nathan Peterson Turns Passion for Helping Others into a Purpose-Driven Business with Seniors Helping Seniors Franchise

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Famous Dave's

Famous Dave’s Fires Up Third Annual All-Star BBQ Series This May, Leading Up to the 2025 World Food Championships

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HomeTeam Inspection Service

From Air Force Veteran to Entrepreneur: Danny Hemchand Builds a Thriving Home Inspection Business

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HomeTeam Inspection Service Reports Record-Breaking Performance in Q1, Continues National Expansion

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Amateur Bodybuilder and Business Partner Bring Passion for Fitness to World Gym Franchise in Fulton, New York

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What Type of Franchise is Most Likely to Succeed?

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