Best Franchises To Own and Franchise in 2022 and 2023

You can identify numerous characteristics shared by the USA’s most profitable franchise businesses. They all have effective marketing and management, offer high-quality yet reasonably priced goods and services, and care deeply about their franchisees. The highest and best franchises and franchise to own, however, can be found across a broad spectrum of industries.

As per Statista, the total number of franchise establishments present in the US range somewhere around 774,965. Additionally, the total number of people employed in such establishments is tentatively around 8.19 million. Further, the economic output of the establishments in the US is $787.7 billion USD.

Top and Best Franchises to own and consider

The following are some of the best franchises to own if you are looking to earn a good profit:

McDonald’s Franchise

Franchise fee: $45,000
Initial investment: $1,008,000-$2,214,080
Royalty fee: 4-5%
Liquid cash requirement: $500,000
Financing available: Yes

McDonald’s is a fast food restaurant chain that was established in the United States in 1940 in San Bernardino, California, by Richard and Maurice McDonald. There have been numerous McDonald’s franchises founded during its more than seven decades of existence. This is why the great majority of business owners interested in the restaurant franchise industry choose to purchase existing franchises as opposed to starting their own.

Dunkin’ Donuts Franchise

Franchise fee: $40,000-$90,000
Initial investment: $109,700-$1,637,700
Royalty fee: 5%
Liquid cash requirement: $125,000-$250,000
Financing available: Yes

Besides being a quick service restaurant and one of the best franchise to own, Dunkin’ is a multinational American coffee and doughnut business. It was established in 1950 in Quincy, Massachusetts, by William Rosenberg. The company is known to b searching for great franchise applicants to help keep America running on Dunkin’ every single day as they have plans to increase the number of locations in the U.S. within the next 20 years.

Popeyes

Franchise fee: $50,000
Initial investment: $383,500-$2,620,800
Royalty fee: 5%
Liquid cash requirement: $500,000
Financing available: No

The Popeyes franchise is a global fast-food fried chicken restaurant brand. Popeyes Chicken franchise opportunities have expanded to 2,600 locations that provide not only fried chicken but also desserts, seafood, sides, and beverages. By purchasing a Popeyes Louisiana Kitchen you become a part owner of a successful, profitable brand that consumers all over the world adore.

Great Clips

Franchise fee: $20,000
Initial investment: $136,900-$259,400
Royalty fee: 6%
Liquid cash requirement: $50,000
Financing available: Yes

Almost 4,400 outlets of the hair salon chain Great Clips franchise can be found in the US and Canada. Owning and running your own company with the support of a recognized brand is what it means to be a Great Clips franchisee. It is comparable to running your own business, but not alone. As compared to their rivals, they excel in almost all metrics for the industry.

Taco Bell

Franchise fee: $25,000-$45,000
Initial investment: $525,100-$2,622,400
Royalty fee: 5.5%
Liquid cash requirement: $750,000
Financing available: Yes

This quick-service restaurant chain has been in business for 50 years and has achieved financial stability as well as brand awareness. It features a recognized operating system and provides you with access to restaurant resources as well as a network of more than 350 experienced franchisees. As a result, a businessman interested in establishing a Taco Bell franchise needs to put in very little or no effort at all to create the brand image because the name speaks for itself.

Sport Clips

Franchise fee: $59,500
Initial investment: $224,800-$373,300
Royalty fee: 6%
Liquid cash requirement: $200,000
Financing available: Yes

Sport Clips franchise, being one of the best franchises to own 2022, is expanding and demonstrating its strength and stability, with a 95.4% continuity rate over the last five years. This means that more than 95.4% of all stores that opened in the last five years are still open today. It attributes this consistency to relatively low initial costs, excellent support systems, and ongoing store performance monitoring.

Ace Hardware

Franchise fee: $59,500
Initial investment: $224,800-$373,300
Royalty fee: 6%
Liquid cash requirement: $200,000
Financing available: Yes

Ace Hardware stores focus on providing a pleasant, personalized shopping experience while selling high-quality home improvement supplies. Ace’s brand strategy aims to enjoy the best of both worlds as the world’s largest retailer-owned hardware cooperative. Ace franchisees have the option to transition from privately-owned hardware stores to co

pany shareholders.

Cruise Planners

Franchise fee: $6,995
Initial investment: $2,095-$22,867
Royalty fee: 1.5-3%
Liquid cash requirement: $11,000
Financing available: Yes

Cruise Planners is a cruise business. Because it is home-based, there is no need to consider the expense of the real estate. Previous travel planning experience is not required along with which the organization additionally provides extensive training. It is indeed one of the best franchises to own 2021.

Jazzercise

Franchise fee: $1,250
Initial investment: $2,500-$38,000
Royalty fee: Varies
Liquid cash requirement: $2,900
Financing available: No

Judi Sheppard Missett started the fitness franchise business Jazzercise in 1969. It is based in Carlsbad, California, in the United States. Have you ever desired a Jazzercise franchise but did not want to conduct the workouts yourself? You can now! You are not required to teach a single course as a Business Franchisee. Instead, you will be in charge of classes led by the Jazzercise-certified Instructors you have hired. Jazzercise provides the ideal setting for starting and running your business.

7-Eleven

Franchise fee: $10,000-$1,000,000
Initial investment: $37,550-$1,149,900
Royalty fee: Varies
Liquid cash requirement: $50,000-$150,000
Financing available: Yes

For many years, 7-Eleven franchise has been a market leader in convenience store franchising. Franchise options are available for anyone wishing to start their own business with the assistance of a well-known and reputable brand name. While getting started can be difficult, the potential rewards are huge. 7-Eleven is a well-known convenience store franchise that has been in operation for almost 90 years. Joe C. Thompson founded “The Southland Ice Company” in 1927 and sold ice to local clients.

The UPS Store

Franchise fee: $29,950
Initial investment: $138,433-$460,031
Royalty fee: 5%
Liquid cash requirement: $75,000
Financing available: Yes

The UPS Store franchise provides an excellent chance for entrepreneurs to start their own businesses with well-known brands. The UPS Store is one of the most famous names in retail shipping and packing services with over 5,000 independently operated and owned shops in the United States and Canada. As a franchisee, you may take advantage of an established system that has been perfected through time, allowing you to concentrate on building your business.

Sonic Drive-In

Franchise fee: $45,000
Initial investment: $1,240,000-$3,540,000
Royalty fee: 2.5-5%
Liquid cash requirement: $500,000
Financing available: No

Sonic franchise may be America’s most iconic drive-in fast-food restaurant, with over 3,400 locations serving millions of customers. If you own a Sonic Drive-In, you’ll be able to boast about serving everything from foot-long chili cheese dogs to juicy burgers and legendary milkshakes. Because of its broad menu, it may be one of the best franchised fast food restaurants. Even customers who have never tried Sonic Drive-In are familiar with the drive-in idea.

Taco Bell

Franchise fee: $25,000-$45,000
Initial investment: $525,100-$2,622,400
Royalty fee: 5.5%
Liquid cash requirement: $750,000
Financing available: Yes

Taco Bell is the world’s largest supplier of Mexican cuisine, offering everything from a sizzling chalupa to their distinctive sauce. Taco Bell, one of the biggest quick-service restaurant franchises, is known for offering Mexican-style food fast and affordably. Their delectable tacos are available in over 7,000 locations across 30 nations. Taco Bell franchise is owned by Yum! Brands, Inc., which also owns several other well-known QSR brands. Yum! Brands Inc. has approximately 43,000 restaurant outlets in 135 countries and territories.

Kumon Math & Reading Centers

Franchise fee: $1,000
Initial investment: $74,428-$156,590
Royalty fee: Varies
Liquid cash requirement: $70,000
Financing available: No

Toru Kumon founded Kumon Institute Education Co. Ltd., an educational network that teaches arithmetic and reading primarily to young kids using his Kumon Method. As Kumon does not offer to tutor, it is different from other educational franchises. You can lead youngsters through an extracurricular activity that complements their academic work while ensuring that nothing in math, reading, or writing is missed. Kumon frannchise has been assisting franchisees in building profitable, emotionally satisfying businesses for decades.

Anytime Fitness

Franchise fee: $35,000
Initial investment: $105,000-$720,000
Royalty fee: $549 per month
Liquid cash requirement: $100,000
Financing available: Yes

Anytime Fitness franchise takes pleasure in being genuine. It works hard to build strategies for its customers that fit their lives and support them on their path. Anytime Fitness knows that everyone has a different schedule, thus why they are open 24/7. Anytime Fitness is one of the most successful fitness businesses on the market today. Their brand recognition is strong, but its operating costs are cheap, with over 4 million members worldwide.

Conclusion:Will you buy these Best franchises to own?

Start your own business or purchase a franchise from a famous brand to become an entrepreneur. Profit from an established brand name while enjoying the benefits of running your own business. Franchises may be quite profitable to own, especially if you develop a solid business plan that allows your revenues to expand. We hope the above-mentioned best franchises to own will help you reap the advantage of a good profit in no time.