With the ease of business setup and greater profitability, franchise businesses are preferable more than starting up. You can still be your business owner with a franchise, although you cannot own the brand.
How to know if a franchise is profitable?
The best way to see if a franchise is worth buying is to see how many franchisee units they already have and how big the brand is. For some brands, having even 100+ franchise locations can be a pretty good thing, and for some, the same might not be the good news. But it is always good to know whether they are still expanding. Business expansion is a good sign for a franchise that is worth investing in.
You can also check whether the new franchisee units are doing okay or whether they are still operating at the location even after a year of starting. The average sales per unit are also good information to determine the success or profitability of a business.
Profitable Franchises in The US
- Window Medics
Want to buy a franchise with a patented process? A patented and unique service means always being one step ahead of your competitors. This is why Window Medics is a preferable choice when it comes to a profitable business in the US. Window Medics is a window & glass business that specializes in window glass repairs and replacements. They started franchising in 2006 but now are 100+ franchise units strong in the US alone. To know details about Window Medics franchise business call 888-329-7116 or email at info@windowmedics.com
- TSS Photography
TSS Photography requires a low investment of $10,500 and has over 148000 average annual sales. It has over 170 franchisee locations in the country. The brand specializes in school and sports team photography and has been offering franchising opportunities since 1983.
For an initial low cost, franchisee units get training, sales, and development support, and also ongoing support in day-to-day operations. If you are into business and photography and want to work in a particular niche, you will have an adventurous experience in this business.
- Image One
Only started in 2010, Image One is rapidly growing to be one of the popular brands in commercial cleaning services. You can own this franchise with a low-cost investment of $15,000 and has a royalty fee of 10% of annual gross revenue.
With the initial investment, you will get training on cleaning methods, equipment, and operations, billing and paperwork, marketing, etc. You will also receive ongoing business development support from your franchisor.
- Dream Vacations
You can start a Dream Vacations at $9,800, with royalty fees of only 1.5 to 3% of annual sales. The brand has more than 1200 locations in the US. The brand is associated with traveling and travel packages that can be both related to land or cruise. With just $9,800, franchisee units are offered 6 days of training at the headquarters. They will also be trained in the digital marketing aspects like website design invoicing and provide ongoing support.
Conclusion
Choosing a franchise might not be easy, but you can consider a few factors that will definitely help you on the right path. Brand recognition and growth definitely should be a priority, but how the franchisor offers support is also essential.
You can also check whether the location you want is available or how much time you must commit as a franchisee unit.