Joining one of the best franchises to invest in is a beautiful way for prospective entrepreneurs to become business owners while avoiding much of the risk of starting a business from scratch.

This is because franchise benefits include a tried-and-tested business strategy, brand awareness, and a vendor and supplier network, which eliminates much of the labor involved in beginning a company from the bottom up.

Naturally, budding entrepreneurs should consider joining one of the best franchises to invest.

Selecting a Lucrative Franchise

The amount of money you can make by purchasing one of the best franchises to invest in is determined by various circumstances. Still, a few boxes that a prospective franchisee should check to guarantee that they have the best chance of making a profit.

The franchise, for example, should appeal to your local population, have an established support structure for franchisees, and have an excellent overall reputation. The number of franchise sites and annual revenue across the country are also significant predictors of whether or not a franchise will be successful for you.

Item 19 of a franchise’s franchise disclosure document (FDD), which covers the business’s financial performance, is the unique approach to assess a franchise’s future profitability.

It’s an excellent idea to get the advice of an accountant or lawyer who can assist you with the finances. Turning a profit, of course, also entails avoiding debt, so you should only choose franchises whose initial franchise price and upfront investments are feasible for your current financial situation—a discussion you should have with your lawyer or accountant on this subject.

Deciding whether a franchise will be successful for you is a subjective process. With that in mind, several franchises fit all of the aforementioned broad conditions and are well worth investigating.

What are the best franchises to invest in the country?

The following five franchises span a variety of industries, investment levels, location counts, and brand recognition. This list is so diverse demonstrates that a franchise doesn’t have to be top-tier to be profitable. However, it would be negligent of us not to include some of the country’s most well-known franchises on this list.

Window Medics

If you are searching for growth in the US, purchasing one of the best franchises to invest in can be a wise option. Notably, glass repairing, and cleaning are now among the most demanded services, which means there is even more option to grow in this sector. Moreover, purchasing a Window Medics franchise will require a very reasonable amount that is lesser than several other companies in the market. You can easily start the glass repair, installation, replacement business at $35,000. For more information, call 888-329-7116 to speak to the window experts.

McDonald’s

There’s something to be said for brand recognition, and it’d be challenging to find a franchise (or, for that matter, any firm) with more brand recognition than McDonald’s. Owning a McDonald’s franchise ensures a loyal client base—essential for making a profit—no matter where you are.

With that said, purchasing a McDonald’s franchise demands a sizable initial investment, so if you have limited access to franchise finance, this is not a viable option. For your application to be evaluated, you must have at least $500,000 in liquid assets, and you will be required to put down at least 25% in cash as a down payment to secure your McDonald’s franchise location.

Dunkin’

Dunkin’ franchisees also benefit from widespread brand recognition, which is particularly strong in the Northeast, where the doughnut store is regarded as a cultural icon. Franchisees can also use Dunkin’s robust franchisee support system, similar to McDonald’s. Like buying a Dunkin’ franchise, buying a McDonald’s franchise demands a significant upfront expenditure.

Candidates must have a minimum of $250,000 in liquid assets and a $500,000 net worth per unit, though these figures vary based on where they live. Franchise fees for Dunkin’ Donuts vary by state, so that entrepreneurs will face a lesser barrier to entry in some places. Confident investors, such as entrepreneurs who aim to create multiple sites, plan to open restaurants in emerging areas, or qualified veterans, are also eligible to reduce the initial franchise price.

The Maids

The Maids has been a franchise for over 40 years, and their robust support system shows in the numbers. According to the corporation, the average Maids franchise earns $1.1 million per year, with the most successful franchise bringing in $6.5 million last year. Plus, their initial franchise fee and other startup expenditures are far lower compared to most other cleaning franchise possibilities. The entire initial investment is less than $200,000 on the high end. In total, you may expect to spend around $200,000 in your first year as a Maids franchise owner.

Pearle Vision

Pearle Vision, which opened its doors in 1961, was a pioneer in the eye care industry by combining the retail and medical experiences under one roof—a business concept that has proven to be successful.

Luxottica, the world’s largest eyewear brand, now owns Pearle Vision, giving franchisees access to a vast selection of mid-tier and designer spectacles and sunglasses. All of this adds up to a franchise system with a lot of revenue potential: Pearle Vision sites with an optometrist made an average of $1.325 million in revenue in 2018, with $1.04 million coming from retail.