Purchasing a franchise proves to be a wonderful method to begin your own business without any of the danger associated with beginning it from scratch, as well as a way for a franchise owner to substantially increase their brands and hence their gross sales without a large monetary outlay. This article will cover the top 20 popular franchises options for you in 2023, the types of businesses that are accessible, and how much you can anticipate investing and making as a potential franchisee.
Franchises have had an astonishing growth spurt in recent years, from small-scale firms to worldwide organizations, with no signs of stopping anytime soon. With its ability to capitalize on the skills of both investors and entrepreneurs, it is easy to see why this model remains an effective business approach for all parties involved.
20 Top Popular franchises in 2023 in the world
How was your day? If you have ever gotten a cup of coffee or eaten at a fast food restaurant, you have probably been to a franchise location. In 2023, the most prominent chain restaurants, pubs, hairdressers, and even car rental firms are part of the franchised business, and you can own one of these lucrative businesses more simply than you might expect.
While the top 20 franchises are fairly static, there are some new entries. The other change is that a lot of franchises are no longer popular in their respective regions. For example, Tim Hortons franchise is no longer in the top 20 list for North America or Europe. The most popular franchise list covers franchises from all categories and industries.
- Started in 1980
- Franchising since1980
- Franchise fee $29,950
- Initial investment $240,959-$508,472
- Royalty fee 5%
The UPS Store is the largest package, shipping, printing, and business services franchise in the world. Franchisees tend to own 100% of the sites of the company in Puerto Rico, the United States, and Canada.
When you run a UPS Store franchise, you are effectively in the retail shipping industry. This means that your consumers will include both individuals as well as corporations. Customers will utilise your services for personal and business reasons. This can prove to be an excellent opportunity for you to develop relationships with your consumers and establish yourself as a reliable resource for them.
- Started in 1967
- Franchising since 1987
- Franchise fee $10,000
- Estimated Initial investment $219,055 to $2,912,697
- Chick-fil-A is not franchising.
Chick-fil-A is a privately run and owned fast-food restaurant that specializes in cuisine based on boneless chicken. The franchise has developed a cult-like following, boosting the brand from its origins in the American South to a countrywide network of over 2,500 outlets and anticipated annual systemwide sales of more than $10 billion.
Chick-fil-A, with its emphasis on family and early reputation for strong Christian ideals, has sparked considerable controversy while retaining wide American appeal. Chick-fil-A aggressively pursues franchisees and invites new owners to a multi-week training session before launching a restaurant, as well as follow-up support.
- Started in 1984
- Franchising since 1985
- Franchise fee $25,000
- Initial investment $188,615 – $975,415
- Royalty fee of 5%
In 1984, “Papa” John Schnatter founded Papa John’s Pizza in Jeffersonville, Indiana. It provides standard and non-standard venues to franchisees.
Most traditional locations of Papa John’s only accept delivery and take-out orders; however, a limited number of these locations allow customers to eat in. Traditional Papa John’s locations are typically located along or near major roads and highways because of their large (or exclusive) emphasis on delivery and take-out service. Placements at non-traditional Papa John’s sites include hospitals, airports, sports stadiums, travel rest stops, food courts, schools, theme parks, concert venues, etc. These non-traditional formats do not often include delivery.
- Started in 1955
- Franchising since 1955
- Franchise fee $45,000
- Initial investment $1,366,000 to $2,450,000
- Royalty fee
McDonald’s is the iconic American fast-food restaurant chain. It began in 1940 as a restaurant run in San Bernardino, California, USA by Richard and Maurice McDonald. They have been providing chicken nuggets, milkshakes, hamburgers, and ice cream since then.
It now has over 36,000 locations in more or about 100 countries across the world. McDonald’s has been franchising since 1955, and its franchisees have played a significant role in the development of the system. Currently, approximately 95% of all restaurants in the United States are franchised to independent franchisees, with the remaining 5% being company-owned.
Mcdonald’s is one of the most popular franchises of all time.
- Started in 1956
- Franchising since 1956
- Franchise fee $50,000
- Initial investment $316,100-$2,660,600
- Royalty fee 4.5%
In addition to hamburgers, soft drinks, desserts, onion rings, and chicken fries, Burger King is a leader in the fast food sector. In addition to its usual menu, Burger King also sells combo meals, breakfast dishes, salads, and kid’s meals, all of which can be ordered and consumed inside the restaurant or through a drive-through.
However, a sizable portion of its revenue comes from the popularity of its iconic burger, The Whopper. On its website, Burger King describes a corporate responsibility strategy in addition to its commitment to providing consumers with excellent, inexpensive food promptly. It is a privately held restaurant chain with more than 12,000 stores globally and is present in over 75 countries.
- Started in 1927
- Franchising since 1964
- Franchise fee $1,000,000
- Initial investment $53,600 to $1,163,000
- Royalty fee Varies
7-Eleven is a convenience store chain with locations both in the United States and across the world. The present version of the shop, which was started in 1927 in Dallas, Texas, has become recognized for its Slurpees and Big Gulp offers. The chain takes itself in being a spot where you can get anything you overlooked at the grocery store, eat a snack, and fill up your car. Whether it is a cold or hot beverage, a toothbrush, or a lottery ticket, 7-Eleven bases its convenience brand and what people in the community may require.
If you enjoy serving others and getting to know the community, a franchise by 7-Eleven could be right for you. It could also be a good alternative to running a full-service supermarket and convenience store.
- Started in 1962
- Franchising since 1964
- Franchise fee $22,500-$45,000
- Initial investment $1,298,600 to $590,100
- Royalty fee 5.5%
Taco Bell is the world’s largest provider of Mexican cuisine. 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 and across 30 nations.
Taco Bell is owned by Yum! Brands, Inc., who also manage several other well-known franchises. Yum! Brands Inc. has approximately 43,000 restaurant outlets in 135 countries and territories. Taco Bell opened its first location in 1962 and started franchising two years later. It has subsequently become one of the world’s most recognisable brands.
- Started in 1985
- Franchising since 1986
- Franchise fee $49,775
- Initial investment $234,317-$324,489
- Royalty fee 3-6%
When Gary Salomon and Bob Schanbaum established their signage company in the Dallas Metroplex with the beginning of FastSigns.Since then, the brand has expanded to over 700 locations across more than 10 nations; Only the United States contains more than 650 of those places.
If you work with a franchise that values originality and innovation, you could be able to match the requirements for store signage in the signs industry. As a franchisee, you can be creating graphics for local businesses and events. Businesses generally use creative signage to reach their target clients in an intensely competitive niche market. FastSigns is a well-known graphics business since it typically provides excellent customer service and quality.
- Started in 1994
- Franchising since 1995
- Franchise fee $20,000
- Initial investment $189,574 to $997,320
- Royalty fee 6%
Firehouse Subs is a quick casual restaurant franchise established in the United States that was started in 1994 in Jacksonville, Florida by Robin and Chris Sorensen. Firehouse Subs has over 1,135 franchise locations in 44 states, Puerto Rico, and Canada.
The menu, which includes salads, hot specialty subs, and other seasonal foods, is themed like a firehouse, with items including Hook & Ladder, Engineer, and Firehouse Hero. Firehouse Subs is widely regarded as a fast-casual industry pioneer. For the past three years, Firehouse Subs has ranked first among fast casual brands in Tech Nomic’s Chain Restaurant Consumers’ Choice Awards in the areas of atmosphere in 2014, service in 2015, food quality in 2016, and overall brand in 2017.
- Started in 1953
- Franchising since 1959
- Franchise fee $45,000
- Initial investment $1,242,200-$3,537,700
- Royalty fee of 4-5%
Troy Smith established Sonic Franchise LLC in 1953. Atlanta, Georgia is home to the company’s headquarters. Sonic brand drive-in restaurants are known for their distinctive menu of high-quality, made-to-order culinary items with cutting-edge technology. The management of Sonic restaurants, which serve a variety of foods like cheeseburgers, chicken dinners, hot dogs, specialty drinks, and ice cream desserts, is licensed by Sonic Franchising LLC.
The humble beginnings of the SONIC chain have led to it being among the most instantly identifiable brands in the country. Currently, the corporation has more than 3,500 franchise stores across 46 US States, from coast to coast. Of the 3500 total stores, 271 are owned by the corporation. Millions of people embrace the well-known brand Sonic.
- Started in 1950
- Franchising since 1955
- Franchise fee $10,000-$90,000
- Initial investment $121,400 – $1,787,700
- Royalty fee 4.9%
Bill Rosenberg established The Open Kettle in Quincy, Massachusetts, in 1948. In 1950, Rosenberg changed the company’s name to Dunkin’ Donuts, and seven years later he began franchising. Locations that are now known as Dunkin’ are known for their coffee, bagels, doughnuts, and breakfast sandwiches.
Although the majority of Dunkin’ Donuts stores typically serve consumers looking for a morning start, they can still be useful to customers all day long. America runs on Dunkin’, according to the company’s motto, which is a national brand.
Dunkin’ has a significant local, regional, and global presence.
For franchisees with a strong sense of community, a passion for the food industry, and the ability to appeal to both early risers and late-nighters, owning a Dunkin’ franchise might be a wise choice.
- Started in 1965
- Franchising since 1974
- Franchise fee $15,000
- Initial investment $229,050 – $522,300
- Royalty fee 8%
With a focus on subs, wraps, salads, and drinks, Subway is considered to be a multinational American fast-food restaurant chain. The restaurant additionally offers paninis and baked products like muffins, doughnuts, and cookies.
In 1965 in Bridgeport, Connecticut, as Pete’s Super Submarines, Subway was started by Fred DeLuca with funding from Peter Buck. After going through many changes in its name in the early years, it was finally given the name Subway in 1972 and started franchising in 1974. Since that time, it has grown to become a worldwide franchise. Customers at Subway have a variety of topping options to select from for their sandwiches.
- Started in 1998
- Franchising since 2005
- Franchise fee $49,900
- Initial investment $395,800-$537,400
- Royalty fee 8%
School of Rock is one of the more popular music school chains in the United States. In addition to more than 30 international franchises, they also had more than 40 company-owned stores and over 165 franchises alone in the United States. Through performance-based music education, the firm seeks to improve children’s lives. School of Rock is the company that served as the basis for the movie of the same name. It was started in 1998 by Paul Green. Its fundamental educational tenet is that pupils will be more motivated to learn music if they play the tunes they enjoy.
Daily, franchisees might collaborate with a dozen or more part-time students and professional musicians. Your pupils can have the opportunity to participate in national music workshops and camps in addition to their regular lessons and try out for the All-Stars program.
- Started in 1982
- Franchising since 1983
- Franchise fee $20,000
- Initial investment $183,400 – $394,900
- Royalty fee 6%
The $70 billion hair care market is still expanding. The largest and most rapidly expanding haircutting brand in the world, Great Clips operates in the handy, no-appointment haircutting sector of the market. Due to their desire to keep the business straightforward and concentrate on the service that they do best, cutting hair, they do not provide mail services, tanning, color, or waxing. This is a simple, recession-resistant business strategy. Additionally, people always need their hair trimmed, often every 4-6 weeks, regardless of the state of the economy.
The qualities they look for in their profitable franchisees are sound business expertise and people management abilities rather than prior experience in the haircare industry.
- Started in 1940
- Franchising since 1940
- Franchise fee $45,000
- Initial investment $1,511,200 –$2,533,400
- Royalty fee 4%
One of the most recognizable quick-serve restaurant brands in America is Dairy Queen, now commonly referred to as DQ. Originally known for its renowned soft-serve ice cream, Dairy Queen has long since expanded to provide a full menu of delectable restaurant fares, such as burgers, chicken strips, sandwiches, and fries.
On the DQ menu, delicious dessert items like the Buster Bar and Dilly Bar, several ice cream sundaes, and the renowned Blizzard, a delectable combination of ice cream shake and candy chunks take center stage. At Dairy Queen, flavor and fun are the focus, and nobody leaves without a beaming smile and memories.
- Visiting Angels
- Started in 1991
- Franchising since 1998
- Franchise fee $49,950-$79,950
- Initial investment $123,460-$161,150
- Royalty fee 3-3.5%
Visiting Angels has more than 550 franchise locations across the country and is one of the best non-medical home care providers in the country. Visiting Angels has employed some of the top senior carers since the company’s start in 1992, taking care of both new and existing clients. The company’s individualized service system often emphasizes creating deep connections between the carer and the customer.
As a Visiting Angel, you can give the elderly the kind of private care they need to age in place in their familiar surroundings. You might be the one to calm a client’s worries if they have been having trouble caring for an old or disabled friend or relative.
- Started in 1939
- Franchising since 1952
- Franchise fee $45,000
- Initial investment $1.3-$2.5 million
- Royalty fee 5%
Who would have thought Colonel Harland Sanders’ secret fried chicken recipe, which first appeared at a roadside restaurant in 1930, would grow into a multi-billion dollar industry? A clear indication of its great popularity is the growing number of KFC franchisees in the USA.
KFC is currently one of the most well-known and beloved restaurant chains in the world. The company has been supplying excellent fried chicken to millions of chicken fans in more than 125 countries; the recipe remains a secret.
Over 185 million individuals, on average, are said to visit a KFC at least once per week; this figure is shockingly higher than half the country’s population. Many business people are stepping forward to buy a KFC franchise because of its increasing popularity.
- Monster Tree Service
- Started in 2008
- Franchising since 2012
- Franchise fee $49,500
- Initial investment $422,166-$568,358
- Royalty fee 6.5%
As a recurring revenue service provided to preserve the health of trees and shrubs, Monster Tree franchise owners provide tree services including As a recurring revenue service provided to preserve the health of trees and shrubs, Monster Tree franchise owners provide tree services including tree pruning, tree removal, stump grinding, shrub management, emergency services, and plant health care.
The Tree Care Industry is still dominated by small, one-truck operators; these independent owners/operators typically both sell and carry out the task. With tools designed for Search engine optimization and pay-per-click that make sure a franchise owner is getting enough leads online, Monster Tree destroys the competition. 100% of the franchisees of Monster Tree are now on the first page of local Google searches for tree services thanks to the money that the corporate marketing team has put into these initiatives and the national website.
- Started in 1996
- Franchising since 1997
- Franchise fee $35,000
- Initial investment $94,560-$119,800
- Royalty fee 4-7%
There are no pre-configured cleaning services available on the MaidPro menu. Instead, a representative meets with clients to create a cleaning schedule that fits their demands and budget. A 49-point checklist that can be adjusted as necessary to suit a customer’s needs serves as the foundation for its cleaning methodology. On a number of its internet pages, the business details its environmental practices and the green items it uses.
Since its establishment in Boston in 1996 by Mark Kushinsky and Richard Sparacio, the company has grown steadily in size, with a current total of 265 locations, none of which are company-owned, and 12 of which are situated outside of the United States.
- Kare Plus
- Started in 1989
- Franchising since
- Franchise fee £29,950
- Initial investment £32,200-£106,000
- Royalty fee
Kare Plus offers a lot more services than only elder care. A comprehensive spectrum of healthcare services is provided by Kare Plus, including medical staffing, expert and non-specialist nursing, critical care, home care, assisted living, and more.
Since its inception in 1989, Kare Plus has grown to become the most well-known multi-service healthcare franchise in Britain, delivering a genuine multi-service, multi-income franchise business in a sector that is seeing exponential growth due to an aging global population.
Franchise owners can hire and provide nurses, healthcare assistants, and support staff for placement in healthcare and medical environments like hospitals, care facilities, and nursing homes through Kare Plus’ healthcare institution supply business. This is a key component of the tried-and-true business strategy because of the global nursing shortage.
Financing & Possibilities for Popular Franchises in the Year 2023
Franchising is a great option for business owners looking to start their businesses. It has many benefits, such as lower start-up costs and the ability to scale up or down as needed. There is a wide range of franchise loan options for the most popular franchises.
In the year 2023, franchising will be one of the most popular options for small businesses. The future of franchising is bright. Several aspects will help to make the industry stronger in the year 2023.
Here are some of the factors that will help to increase the success of franchises in the year 2023
- Increase in Franchise Opportunities
Franchising has been on a steady rise since it began, and it is expected to continue this trend for many years to come. The number of franchise opportunities available will increase significantly by 2023 as more and more people discover franchising as an option for their businesses.
- Increase in Venture Capital
Venture capital funding has increased by over 50% from 2017 to 2018. This increase shows that investors are willing to put their money into new ideas, which should lead to a higher success rate for franchises by 2023.
- Increase in Technology
Technological advancements make it easier for franchises and entrepreneurs alike, especially when it comes down to marketing and advertising campaigns. As technology becomes cheaper and more accessible, I advise you to see franchise pos and franchise software options.
When it comes to selecting a franchise opportunity, there are many possibilities available, and the choice can often be perplexing when considering the top 20 popular franchise ideas of 2023.
While you might be inclined to seek out the most profitable franchise opportunity, this is not necessarily the greatest option. Seek out possibilities that tend to match your passions for optimal achievement, since these will nearly always be longer-lasting and, ultimately, more rewarding. When evaluating an option, always read the fine print and conduct thorough research before making a decision.
Owning a profitable franchise is no longer an unrealistic dream if you balance market conditions, your area of experience or interest, consumer trends, and the number of funds you have available to invest in the best franchise business.
Similar Franchise opportunities to look for
- Franchise Portal: Best Lead Generation Portals
- Cheap Franchises to Start under $1000 to Buy in 2023
- Franchise Advantages And Disadvantages, Proven Secrets You Need To Know
- What does Shaq own? Franchises, Companies Business in 2023
- Software Franchise Opportunities : IT Company Business
- Franchise Seo Services For Company and Franchises
- Sandwich Franchises : Top and Best Franchise in 2023
- The Truth Behind Popular Asian Food “Teriyaki Madness” Franchise
- Best Cars Franchise Opportunities to Buy in 2023
- Best and Most Valuable Sports Franchises Opportunities to Buy in 2023