Even in the past two years, the fast-food business has seen sales grow 6 percent, to $11 billion, in 2018, and as of the third quarter of 2019, it was projected to improve same-store sales (5 percent) and overall sales (8 percent) again. Rankings and Ratings of Best Franchise Opportunities, Best Overall Franchises, Best Franchising Opportunities. Normally, we as humans, in this century, are filled with an unexplainable joy when we receive a package in the mail. Cutting its way through to number four is Great Clips. A Hair Salon Franchise is well known, especially in the United States. The best franchises for new business owners are those they can start small and grow big. There are articles on google of the best franchises to own of 2020 under the price of around $25,000 compared to about $1 million-plus prices for popular franchises. Known as the girl in red, no red riding hood but just as adventurous to our taste buds, Wendy’s is Number 8 in rank out of the other fast food Franchises. 7-Eleven continues to grow at a massive rate, adding 4,584 units in the past two years alone. That is what UPS comes in at number 6, with a cost of $138,400-$470,000. It is popular and trustworthy for parents to send their children to advance in their education and receive the help they need. Lastly, at number 15 but also very popular, is Taco Bell. Among the most trendy franchises of 2020 year are fitness, restaurant, beauty salon, retail and food. That’s due in part to the company’s growing number of franchises, which has risen almost 10 percent in the past two years. The fact of the matter is that franchises are expensive but, do not fret; there is such a thing as what is deemed as cheap franchises and the best franchises to own. The problem with that, and it’s nothing against the inexpensive companies, but they are not, unfortunately, popular and are not the best franchise to own. This allows Planet Fitness to charge a basic membership of just $10 a month, targeted at the 80 percent of Americans who don’t have a gym membership. Its cost is as dazzling as a new haircut, which is $136,900-$259,400. 1. People rely on, know, and trust UPS to bring them their products safely and efficiently. What are the best franchises to own today? Initial franchise cost: $237,400 to $766,970, By the end of 2020, Jersey Mike’s wants to have 2,000 restaurants and $2 billion in system-wide sales. Who doesn’t like a good smoothie, whether you are trying to be healthier or crave a smoothie? Scrubbing floors and picking up garbage in the parking lot. “About a third of online purchases are returned,” The UPS Store president Tim Davis told our magazine. “We don’t have pools, we don’t have classes, we don’t have instructors to pay,” Planet Fitness CEO Chris Rondeau told the magazine. Rising all the way from No. The most comprehensive list of today’s top franchises based on feedback from over 27,500 franchisees from 307 of today’s leading brands. Tropical Smoothie Cafe, Image credit: The fact of the matter is that franchises are expensive but, do not fret; there is such a thing as what is deemed as cheap franchises and the best franchises to own. It’s also familiar, and people are attracted to familiarity. Find your ideal franchise today and become the boss your were always meant to be! They have everything at your fingertips, and generally, McDonald’s rules the fast-food industry. Like all of our articles, this is not financial or business advice. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to learn, include quality training, and brand strength. During a 16-week training program at Culver’s ButterBurger University in Wisconsin, franchisees are asked to do just that, proving no one is above the dirty work. There are incidents that hidden costs and fees hamper the financial calculations. Dairy Queen, Image credit: Taco Bell would also be number 3 in familiarity and reliability, but it comes in as the highest price tag of $525,500-$2.96 million as far as cost. So far, the program seems to have been a success, resulting in 175 new franchisees. I was going to save this franchise trend for last, but according to some of the best writers around, since you’re being absolutely bombarded with articles, podcasts, videos and more, I’m supposed to get to the heart of the matter, quickly.. That said, the hottest franchise trend for 2020 is “delivery.” Related: 5 Affordable Franchises You Can Start for Less Than $10,000, Initial franchise cost: $395,500 to $1.6 million. Initial franchise cost: $525,500 to $2.96 million. * Fair warning the costs will only increase from here for the other franchises. “That’s become a very attractive business segment for us.” That doesn’t mean The UPS Store is a retrospective business: It’s actively signed deals to be the official return courier for several major retailers, and one of its biggest changes is obvious before you ever set foot inside the store: Blue, white, and yellow have been added to the company’s traditional brown palette as The UPS Store considers a new store concept. This doesn't mean that your franchising dream needs to be put on hold, though; some of the franchises listed below have an initial investment of less than $500. Usually, with popularity comes income; customers like things they know. Like tasty as Ice Cream, Baskin Robins costs $93,600-$401,800 and comes in as number 5. It’s due to familiarity, which brings a sense of comfort, which is connected to a-familial-kind-of-connection. In 2018, it was acquired by Inspire Brands for $2.3 billion, placing it within the same corporate family as Arby’s and Buffalo Wild Wings. How to Identify the Best Franchises to Own in 2020 . However, the main focus besides popularity was affordability. The evolution of everything creates a constant demand for new franchises in absolutely various business areas. Smoothie King, Image credit: Best franchises in UK: top opportunities to start in 2020 What are the best franchises to own in the UK? The key to this growth, as the newest issue of the magazine points out, is the company’s focus on convenience, which includes a POS system directly integrated into the Grubhub app and 4,800 U.S. location offering delivery. Read our complete list of the best franchises to own before making such a critical decision. While hot companies and sectors change, there are several key characteristics to franchise opportunities that present the best ownership experiences and outcomes. Related: 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less, Initial franchise cost: $1.3 million to $2.2 million. Yum. Much of it comes from the Berkshire Hathaway inspired motto: Protect the brand for today, but grow it for tomorrow. Initial franchise cost: $1.2 million to $3.5 million. A donut lover needs a reliable, well known, and frankly a company that makes good donuts. In particular, Ace’s online sales in the third quarter of 2019 rose 81 percent after the company began offering customers the ability to have their orders delivered at the nearest store. According to the company, 75 percent of all U.S. homes are within 15 minutes of an Ace store, and the retailer managed more than $16 billion in sales last year. Your email address will not be published. The popularity of pet franchises is due to the need of people to take care for someone. Kumon Math & Reading Centers, Image credit: Even making the Franchise 500 is a huge accomplishment, but which ones managed to crack the top echelon and make our top 20? Initial Investment:$123,150 3. The Coppell, Texas-based tanning franchise has opened 95 units since 2017, good for a 21 percent increase. McDonald’s is one of the best food franchises to own in the world. While the franchises listed above are almost a guarantee of success, they require significant financial input and management experience that you might not possess. Coming in at a controversial ranking of number 13, which is known as bad luck here in Canada, is McDonald’s. 6 on the Entrepreneur Franchise 500 list, but when you think about Ace, you should instead consider the number 16. Number of Franchises:1,000+ 4. We've carefully combed through hundreds of Franchise Disclosure Statements (FDDs), conducted interviews, and then ranked the top franchises for 2020 using several key factors. 11 in the past decade. “One, the franchisees are happy, and two, they’re profitable enough to be investing back into their brand.”, Related: 5 Franchises You Can Buy for Less Than $18,000, Initial franchise cost: $1.97 million to $4.7 million. If you are interested in buying a franchise in 2020, you should consider the following hot and trendy franchise investment opportunities listed below. The key points the list looks at are the midpoint (average) initial investment, the franchise's growth rate over the past five years, and the number of franchise locations, or franchise units. The Minneapolis-based hair salon franchise is all over America, with well over 4,000 locations in the U.S. Alright, now that we’ve covered the basics of what a franchise business really is, talked through some of the pros and cons, and defined all of the key phrases you’ll need to be familiar with, let’s dive into our picks for the best franchise businesses of 2020. New Franchises For Sale 2020. Innovation and familiarity. Cruise Planners costs: $2,095- $22,867 which is really affordable. Buying a franchise may be a better option than starting your own business outright. It’s a human thing. Baskin-Robbins, Image credit: Palm Beach Tan, Image credit: Regions Served:All of United States, and some international 5. Like tasty as Ice Cream, Baskin Robins costs $93,600-$401,800, At number 14 is KFC, which is also a very well-known fast-food chain. 92% of franchises are still operating after five years. If you're looking to make an investment in a fast growing business, check out our best new franchises of 2020! Initial franchise cost: $286,000 to $2.1 million. Not only is it constantly updating and changing its menu, but Sonic’s focus on analytics (gathered through its new order-ahead app) helps it find just the right offer for every customer. Related: 100 Franchises You Can Start For Less Than $50,000, Initial franchise cost: $47,100 to $1.2 million. Speaking of convenience stores, usually, they sell sweets, including donuts, and donuts are a delicacy, some will argue, at least. To make the list, these businesses must: Have the potential to be profitable now and for many years in the future If you’re looking to find the best franchise business in the Philippines that could potentially make you rich, look no further. Landing on number 3, and steering in a different direction then travel agencies, is Kumon. Who knows where Sonic will go next, but you can be sure that it won’t stay still. Tropical Smoothie Cafe is a younger franchise than Smoothie King, but it’s shown similar (or perhaps even stronger growth) in the two-plus decades since it began franchising. Do you want to know what the top franchises for 2020 are? Save my name, email, and website in this browser for the next time I comment. Although we already have an ice cream franchise Dairy Queen in this ranking, it is versatile and has other options other than ice cream, and one would argue that Dairy Queen should not have come in at number 11. Ace Hardware, Image credit: As for familiarity, it’s a number 2, but for affordability, KFC is at number 14 as it costs. Another growth opportunity for Pizza Hut lies in football, due to its new partnerships with the NFL and EA Sports (the makers of the Madden NFL franchise). However, McDonald’s cost is number 13 in regards to affordability, which is at a price tag of $1.3 million-$2.2 million. 13 ain’t too shabby. Culver’s key to success? Entrepreneur Store scours the web for the newest software, gadgets & web services. At number 14 is KFC, which is also a very well-known fast-food chain. The majority. Ace Hardware ranks No. Plus, enjoy a FREE 1-year. Depending on where you go for your coffee or dinner out, you probably support at least a few local franchises. Entrepreneur has been ranking the top 500 franchises in America for 41 years. Franchises are one of the best businesses to start because they have a high success rate. And while most of the businesses on this list are focused on the future, UPS is just as focused on returns. Although some may argue that Wendy’s is not the most popular out of other fast-food franchises, it is still well known, and it is, believe it or not, the most affordable out of the other chains. This is really a timeless question in the franchise world. It is why brands are a thing. According to affordability and popularity, these top 15 best franchises to own in 2020, which ties hand in hand with familiarity and sales, is probably a little controversial considering the popular ones are at the bottom of the ranking. It is a home-based travel agency that is at an affordable price of $3,245-$21,850. That is what UPS is like, a friend. Jersey Mike's, Image credit: However, Ace continues to focus on its in-person customer service, too, which includes its acquisition of Denver-based franchise Handyman Matters. This franchise is relatively known; therefore, it wins in the affordability category and popularity and familiarity. Initial franchise cost: $498,300 to $802,400. Initial franchise cost: $246,500 to $580,500. Stick around while we show you the five best franchises to own in 2020. And as the majority rules, Smoothie King is number 7 and is for $263,600-$844,500. It appears that the company is betting on tech solutions and platforms that can optimize speed of service and make an already-fast place more accessible than ever. Also, people like routine, which is doing the same thing, which is transferred over to the shopping mentality, so people enjoy the same company. In our list, we are focusing on those with the best ROI and growth potential based on historical facts and projected trends. Those five pillars (in no particular order) are: Every year, the competition grows thicker and thicker as new businesses create compelling cases and the old-school, established ones keep innovating. Pizza Hut being number 12, is well known for its good pizza quality. Below you'll find the Top Franchises for 2020 as ranked by Franchise Gator in our annual Top 100 list. McDonald's, Image credit: ... Below are some of the top picks from the best franchises to buy list. Wondering about the best franchises for 2020? The 39 Best Franchise Opportunities to Buy & Own in 2020. We have here the most comprehensive database of franchises in the country — complete with useful information such as franchise fee, application requirements, and contact details of your favorite franchises. Explore our giveaways, bundles, "Pay What You Want" deals & more. It’s what the best franchise to own is made up of. Based on the number of inquiries each of these franchise and business opportunities received, we have compiled this list of the 50 best franchises to buy and own.The economy is thriving in 2020. As humans, we obviously love to save money, but we also love to make money. Restaurant Type:Shaved-ice trucks 2. Stay informed and join our daily newsletter now! Therefore, many of these popular franchises cost a few extra bucks, to say the least, but they are a good investment. 7 Eleven is a convenience store usually found alongside a gas station: a 2 in 1, a genius because of double the profits, which is why 7 eleven comes in at number 9 with a price tag of $47,100-$1.2 million. Pizza Hut, Image credit: 5 Low-Cost Franchises You Can Start for as Little as $4,000, Start Your Own Freelance Writing Business, The 5 Top-Ranked Restoration Franchises You Can Start. Ice cream is a critical lifestyle choice. Great Clips, Image credit: This franchise is relatively known; therefore, it wins in the affordability category and popularity and familiarity. According to Franchise Direct, McDonald’s is actually number 1 on the Global 100 franchises of 2020 and within its’ right because of its McDonalds. Also, McDonald’s has training that is well known to be at a high level. A decade ago, Taco Bell was ranked as the No. Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. While it’s too early to definitively tell whether McDonald’s $10 billion system-wide store redesign and investment in tech is a success, here’s something to keep in mind: McDonald’s is now filling 10 delivery orders every second. The newest magazine feature for our top-ranked franchise begins, “How Dunkin’ dropped the word Donuts, sold more doughnuts anyway, and rose to No. The Cheapest Franchises. There are articles on google of the best franchises to own of 2020 under the price of around $25,000 compared to about $1 million-plus prices for popular franchises. Getting into the most important information you may want to find out; buying a McDonald’s franchise will require an initial investment ranging from $1,008,000 to $2,214,080. Packing and Shipping Companies Are More Important Than Ever. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. Updated October 8, 2020. What makes 7 Eleven different from other convenient stores? Which is why Dunkin comes in at number 10. Here Are 5 of the Best You Can Buy. Initial franchise cost: $1.1 million to $1.8 million. So, as far as popularity goes, Mcdonald’s is number 1. These 20 franchises start the new decade atop our Franchise 500 list. “We run our stores with 15 people.”. Best in Category: Home-Based Franchises; Hard Bean Coffee. Budget Blinds, Image credit: For a business that’s been around for over 60 years, Sonic certainly seems focused on the future. “That’s telling you two things,” Jersey Mike’s COO Mike Manzo told Entrepreneur. Entrepreneur Media. The cost to start up this franchise is $73,400-$154,800. Pizza, like anything else, has to have a good crust and what makes it even better is cheese in the crust. Today, it’s ranked second in large part due to the growth the company has seen in the interim. Related: 5 Low-Cost Franchises You Can Start for as Little as $4,000, Initial franchise cost: $138,400 to $470,000.
2020 best franchises to own 2020