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Best Franchise Opportunities

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By: Scam Risk - Expert Reviewer

The Best Franchise Opportunities Of 2021 And Beyond

How many times have you purchased a quick meal or a drink at a local fast food joint before heading off to work? If the franchise is well-known in your community and has multiple locations, like Dunkin’ or McDonald’s, then it’s likely that you have a favorite restaurant there.

The many benefits of owning a franchise are numerous. The franchiser’s brand is recognizable, and you can make money while running your business. Franchises with the highest profits are very rare to fail. This removes all of the risks that come with starting a business.

Towards the end of this article, I’ll answer some of the most frequently asked questions about the best franchise opportunities in 2021 and other online alternatives.

But most importantly, you’ll be shown a system that many investors have used to build their own business to over $40,000+ per month in mostly passive income.

Let’s first look at what a franchise is, how to evaluate it, and which franchises are the best.

Table of Contents

What Is A Franchise?

A franchise allows independent entrepreneurs to own the rights to the parent company logo, name, and products to manage their own business. The franchiser, who owns the rights for licensing their business, is the one selling the rights. The franchisee is the third-party owner and operator of the business locations.

A franchise is something that you are familiar with. Perhaps you even considered buying and owning one.

Which franchises best fit your skills and budget? Let’s see how we can help you evaluate franchising opportunities.

How To Evaluate A Franchise Opportunity

A franchise cannot be considered universal. Prospective franchisees who wish to open a franchise need to consider their budget and the support system provided by the franchiser.

Below are some points to consider:

Franchisees must pay an upfront payment or the initial franchise fee. This fee can be as high as hundreds of thousands of dollars.

The preferred method is to pay the franchise fee out-of-pocket. Some franchisers do offer financing options, but I recommend investing at least $10,000 upfront.

Profitability

It’s essential to assess the value of a business investment before you make any decisions. While it’s not an exact science, some factors can help you determine the profitability and viability of a franchise.

  • Unit Growth: Learn how many franchise locations have been opened recently.
  • New Franchisee Success Rates: Check the percentage of franchises that remain operational after one year.
  • Franchiser’s Financial Statement: Review the franchise disclosure document and examine average sales per unit.

Support Systems For Franchisees

Take a look at how they support their new location when you’re choosing a franchiser.

7Eleven, for instance, accepts franchisees to their Dallas training center. They have a center for seminars and events. However, not all franchises, especially smaller ones, have the same resources. Make sure that you receive basic training.

Time Commitment

The commitment to a franchise will last for many decades, and ideally, even longer. You can’t close a store after one year. McDonald’s has been a franchisee for 20 years.

It is crucial to remain with the company for a long time without taking on any other commitments, such as another career. You should not feel the need to leave within ten years. Choose a brand that’s easier to sell.

Available Territories

Franchisees tend to want to grow in one particular area, even if they are all. It’s not economically profitable, for instance, to open a new franchise just miles from another or in an untapped area.

You need to verify that your target franchiser would like to open a business in your neighborhood. If so, determine if you are willing to relocate.

Brand Recognition Or Growth

How well-known is the brand that will be franchising it? If the brand is smaller, how has it grown in the past year?

These two factors will determine the viability of a franchise to be operated for a brand. Sometimes, it’s not a wise decision to choose a well-known brand with high upfront costs.

A smaller franchiser can be a more accessible entry point, provided the company has grown in revenue.

Let’s look at our list to help you choose the right franchise opportunity. These franchisees have seen significant growth during the pandemic and are the best franchises for 2021.

Let’s have a look at some franchises and see what they offer. I will discuss what each franchise requires regarding the initial investment needed and the franchise fees. A franchise fee, which is a cost that potential franchisees pay upfront to manage the franchise, is what it is. Additionally, the initial investment amount does not include royalty fees, real-estate, or inventory costs.

Let’s now have a look at these franchises and see how well they stack up. I’ll discuss the requirements for each franchise in terms of the fees and the initial investments you’ll need.

This information will be available at every opportunity:

  • Category: This describes the type of business or industry that is being franchised.
  • Franchise Fee: This fee is what potential franchisees pay up-front to be able to operate their franchise.
  • Initial investment: This includes expenses like royalty fees and real estate.
  • Financing Available: This will show you if financing options are available for your initial investments.
  • Franchise Details: Click this link to go to the franchising webpage for your business.

1. McDonald's

Category: Fast-Food Franchise

Franchise Fee: $45,000

Initial Investment: $1,008,000 to $2,214,080

Financing Available: Yes, through third-party lenders 

Franchise Details: McDonald’s

It will take a significant initial investment to get your golden arches. With that initial investment, you will get the following:

  • Brand recognition
  • Popularity
  • Years of experience in the industry

2. 7-Eleven

Category: Retail Franchise

Franchise Fee: $10,000 to $1,000,000

Initial Investment: $37,550 to $1,149,900

Financing Available: Yes, through 7-Eleven’s internal program

Franchise Details: 7-Eleven

7-Eleven has been ranked the #1 convenience store. This is a remarkable growth rate. It offers turnkey stores and can be opened in just three to six months, after which you will need to complete the testing and receive training.

3. Dunkin'

Category: Food & Drink Franchise

Franchise Fee: $40,000 to $90,000

Initial Investment: $109,700 to $1,637,700

Financing Available: Yes, through third-party lenders

Franchise Details: Dunkin’

Dunkin’ has dropped the word “Donuts,” but the company is just as well-known, with 32 locations across 32 countries. Brand Keys Customer Loyalty Engagement Index placed it at the top of customer loyalty. The franchisees are supported with training and assistance in site selection and construction, operations management, and marketing.

4. The UPS Store

Category: Printing and Packing Franchise

Franchise Fee: $29,950

Initial Investment: $138,433 to $460,031

Financing Available: Yes, through Guidant Financial

Franchise Details: The UPS Store

The UPS Store is a well-known franchise in the business services sector. It offers the following:

  • Financial stability
  • Brand awareness
  • Dedicated training and support

Note that 84%of the U.S. population live within 10 miles of a UPS Store.

5. Popeyes

Category: Fast-Food Franchise

Franchise Fee: $50,000

Initial Investment: $383,500 and $2,620,800

Financing Available: No

Franchise Details: Popeyes

Popeyes is consistently ranked as one of the top franchises to purchase in Entrepreneur’s Franchise 500 Rankings. It is a well-known fast-food franchise in the food service industry with robust advertising strategies and well-developed core philosophies.

6. Sonic Drive-In

Category: Fast-Food Franchise

Franchise fee: $45,000

Initial Investment: $1,240,000 to $3,540,000

Financing Available: No 

Franchise Details: Sonic Drive-In

This drive-in store prides itself on its operational excellence as well as customer service. This brand continues to grow. Its franchise owners made an average of $1.341,000 in gross franchise sales.

7. Great Clips

Category: Hair Salon Franchise

Franchise Fee: $20,000

Initial Investment: $136,900 to $259,400

Financing Available: Yes, through third-party lenders  

Franchise Details: Great Clips

Great Clips is a well-established franchise company that has been in existence for over 30 years. It has made extensive market research investments to offer customers the best possible experience and service.

8. Taco Bell

Category: Fast-Food Franchise

Franchise Fee: $25,000 to $45,000

Initial Investment: $525,100 to $2,622,400

Financing Available: Yes, through third-party lenders  

Franchise Details: Taco Bell

This fast-food restaurant brand has been around since 1950 and has built financial stability. It offers a proven operating system and access to resources for restaurants and a network of 350 franchisees who understand the business.

9. Kumon Math & Reading Centers

Category: Children’s Education Franchise

Franchise Fee: $1,000

Initial Investment: $74,428 – $156,590

Financing Available: No, but Kumon will shoulder up to $36,000 of your expenses

Franchise Details: Kumon

Kumon consistently ranks among the top 10 Entrepreneurs Franchise 500 List. This franchise is great because of its low price and potential for high profit in an era of remote learning.

10. Sport Clips

Category: Hair Salon Franchise

Franchise Fee: $59,500

Initial Investment: $224,800 to $373,300

Financing Available: Yes, via third-party lenders

Franchise Details: Sport Clips

Sport Clips is growing and has shown strength and stability over the past five years. It has a high consistency rate of 95.4%. It means that more than 95.4% have been opened today out of all the stores launched in the last five years. This stability is often attributed to low startup costs and solid support systems. They also monitor store performance.

Low-Cost/ Cheap Franchises

An initial investment in a franchise is expensive. This can range from a few thousand up to over a billion dollars. Many industries offer franchises at a lower price.

1. Cruise Planners

Category: Travel Franchise

Franchise Fee: $6,995

Initial Investment: $2,095 to $22,867

Financing Available: Yes, via third-party lenders

Franchise Details: Cruise Planners

Cruise Planners operates as a planning agency for cruises. You can work from home, so there is no need to add in real estate costs. You don’t need to have any prior travel planning experience. Comprehensive training is provided by the company.

2. SuperGlass Windshield Repair

Category: Vehicle Maintenance Franchise

Franchise Fee: $9,500 to $28,500

Initial Investment: $9,910 to $31,000

Financing Available: No

Franchise Details: SuperGlass Windshield Repair

SuperGlass Windshield Repair, which has been in operation for over 30 years, specializes in repairing cracked windshields and rock-damaged windshields. The mobile option means that overhead costs are not as high, and a physical shop is unnecessary. It also offers on-the-job and classroom training.

3. JAN-PRO

Category: Cleaning and Maintenance Franchise

Franchise Fee: $2,520 to $44,000

Initial Investment: $3,985 to $51,605

Financing Available: Yes

Franchise Details: JAN-PRO

JAN-PRO is a commercial cleaning service franchise that caters to other businesses. You have three options for the franchise: international master franchise, executive-level business, or home-based.

4. Jazzercise

Category: Group Fitness Franchise

Franchise Fee: $1,250

Initial Investment: $2,500 to $38,000

Financing Available: No

Franchise Details: Jazzercise

A Jazzercise franchise is an excellent option if you’re looking to establish a low-investment exercise business. It has a variety of price points that you can start a franchise. You can also choose the one that best suits your needs.

5. Dream Vacations

Category: Travel Franchise

Franchise Fee: $495 to $9,800

Initial Investment: $3,245 to $21,850

Financing Available: Yes, via their internal financing system 

Franchise Details: Dream Vacations

Dream Vacations is a home-based travel agency franchise that involves no inventory and overhead. This reduces the initial investment. It’s an attractive investment opportunity for veterans of the military and has low investment costs.

Most Profitable Franchises

  1. Dunkin’
  2. 7-Eleven
  3. Planet Fitness
  4. JAN-PRO
  5. Taco Bell
  6. Orangetheory Fitness
  7. Great Clips
  8. Mac Tools
  9. Cruise Planners
  10. Jazzercise
  11. McDonald’s
  12. Mathnasium
  13. Jimmy John’s Gourmet Sandwiches
  14. Papa John’s
  15. Anytime Fitness

The above franchises have experienced the most significant growth in their franchise locations in the last year. This is a crucial indicator of profitability.

Become An Entrepreneur By Buying A Franchise

You can start your own business or purchase a franchise through a major brand. While you have the advantages of working for a major brand, you can also enjoy the perks of your own company. If you can create a solid business plan that increases your profits, franchises are a good investment.

However, though franchising is a proven business model, it’s still important to examine your financial and personal goals before you consider business ownership, including asking yourself the following questions:

  • What transferable skills do I have?    
  • How do I achieve my goals, dreams and aspirations
  • How important does future growth for me?
  • How much time will I invest in this business.
  • What does my net value look like?
  • How much money can I shell out?    
  • How much do I spend?
  • Do I have the right time to think about starting a business?

What Is Our #1 Recommendation For Making Money In 2021?

Our review team has come across a program in the real estate industry that is next level!

Although it’s not real estate in the traditional sense, because it’s all digital.

Yup, Digital Real Estate!

With digital real estate, you have the opportunity to completely walk away from your 9-5 job!

Sound too good to be true?

Of course it does!

But it isn’t…in fact, business owners wish they had this skill!

What exactly is the skill?

Well, basically you are acting as a conduit for small business to increase their bottom line.

What we mean is…

You are helping these businesses grow!

But how?

All you have to do is build and rank a website and forward certain service requests off to a business owner in town… you could even email it to them!

This works for literally any service based business… ie: tree service, plumbing, towing, etc. 

How Do You Get Paid And How Much?

Simple, after you forward the jobs off to a business owner and he makes closes the deal, you simply ask to agree to a WIN-WIN arrangement.

A fair price to charge per lead, depending on the industry is 10-20%… let’s just use the tree service industry for example and go by worst case scenario.

Let’s say you build and rank the site and only 20 jobs a month come in. The average tree service job is anywhere from $500-$2000!

That means at bare minimum you have an asset worth $1000 a month!

See why they call it digital real estate now?

That’s a rent payment. 

The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.

Truly passive income!

The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.

You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.

Once the training program is completed you will also have access to a Facebook group where you can ask questions and be in a community with others on the same journey as you.

Digital real estate allows you to have passive income with most of your day being spent OUT of the brick and mortar landscape.

Now, we know you probably have tons of questions… 

So, check this out to learn more.

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