Joining a franchise is an excellent opportunity for aspiring entrepreneurs to become business owners while mitigating much of the risk of starting a business from scratch.
Is Franchise Business Worth it?
If you’ve ever dreamed of starting your own business, you might be surprised to find that joining a franchise is one of the best ways to become an entrepreneur.
You can launch your own business with low startup costs and a proven business model when you join a top franchise business. Franchising allows entrepreneurs to leverage the brand and infrastructure of an established company while owning their own business. As a result, business owners mitigate the risk of starting a business from scratch. In addition, the franchise model provides support and training, making it possible for new business owners to start generating revenue in months.
Take a Glance at 5 of the Most Profitable Franchises in America:
The respective companies are the top franchise businesses in the US that promise more significant ROI.
Window Medics
With so many different kinds of businesses to choose from, it can be challenging to narrow down your choices. However, Window Medics has a long history of success and is a well-respected brand. There are hundreds of locations across the country, and it continues to grow each year.
Window Medics tops our list as they are known to be the fastest emerging brand expanding beyond the boundaries of the US and UK. Businesses don’t get much more profitable than this one. According to the company’s estimates, any average location makes about $1 million a year in revenue.
In 2004, an 18-year-old teenage entrepreneur named Michael Joasil strategized the company. Then, later in 2006, Window Medics had its first-ever Franchising program. The services involve Window Defogging and Installation, Repairment, Remodelling, and Maintenance of Window Glass Repairment and Doors. Since then, hundreds of franchisees have been looking up to Window Medics as a top franchise business in the US and the UK.
The Initial Investment of Window Medics will be $ 35,000, excluding the rebates. And, instead of Royalty, the franchisees will be rewarded for their performance.
After the dealership enrollment, Window Medics will deliver your resources such as marketing material, marketing strategies, supply chain, operational support, and inventory management to branding, best practices, and training sessions. Moreover, Window Medics offers a range of business models, including storefronts and mobile kiosks that can be placed in places like malls or airports. There are even semi-mobile locations where a trailer is attached to a truck that can be driven to special events and workplaces.
Cruise Planners
Cruise Planners is a travel agency franchise specializing in cruise vacations. It has nearly 2,000 franchisees who book an estimated $500 million in annual sales. Entrepreneur’s Franchise 500 rankings, Cruise Planners, is one of the fastest-growing franchises in America, and its franchisees report average annual revenues of $1.3 million. The company also enjoys an impressive retention rate of 98%.
Launching a Cruise Planners franchise costs about $10,000, including training and ongoing support from its headquarters.
McDonald’s
The company operates in more than 100 countries and serves around 68 million customers each day. In the U.S., it has 36,000 restaurants and employs 1.8 million people, making it one of the largest private employers in the world.
But even with its size and scale, McDonald’s has continued to grow. The chain’s restaurant count increased by more than 500 in 2017, according to Franchise Times magazine’s list of top franchises this year, and McDonald’s earned more than $21 billion in revenue last year — a 3% increase from 2016.
Dunkin’ Donuts
Dunkin’ Donuts is one of the world’s largest coffee and baked goods chains, serving more than 3 million customers every day. In 1955, the first franchise opened, and by 1963, there were 100 stores.
If you’re thinking about buying a Dunkin’ Donuts franchise, you might be wondering how good it is compared to other franchises. The short answer is that it’s one of the best franchises to own in America today. The proof is that franchisees own almost all Dunkin’ Donuts stores. The company itself owns only five percent of all stores. That means that 95 percent of all Dunkin’ Donuts owners think their business is successful enough to expand and open another location, or they wouldn’t have done it!
Supercuts
The Supercuts franchise is one of the most popular and profitable hair-cutting businesses in the United States. So, if you are looking to start your hair salon, look no further than this franchise opportunity. They have locations in all 50 states and Canada, Mexico, and Puerto Rico.
The company was started in 1975 by Ray Barton and Jim Rogers, who wanted to create an affordable salon where people could get professional haircuts without spending a fortune on them. Today there are over 3200 franchises in operation worldwide, with plans for expansion into China soon!
Conclusion
Determining the above-stated brands for franchising has already proven to be very profitable. Consider these points before you decide on the brand you will collaborate with. Firstly, choose an industry that interests you. Secondly, research franchise opportunities in your chosen industry. Thirdly, attend seminars, webinars, and other events for prospective franchisees. Fourthly, choose a profitable franchise. Fifthly, go for home-based franchises as such franchises are booming. And lastly, avoid retail franchises as they are losing ground.Window Medics is the safest bet on the list of franchises to own as it’s one of the most budgeted and has the highest ROI. To know details about the Window Medics franchise business, call 888-329-7116 or email info@windowmedics.com.