Most Profitable Franchise to Own: Taco Bell
According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades. As of 2021, they have 7,567 open units. It has an initial franchising fee of $25k to $45k. Lastly, it’s one of the fastest-growing franchises in the world.
Provably Lucrative Franchises
The most profitable franchise to own is Express Employment Professionals, a staffing agency. Proving to be one of the most profitable franchises to buy in 2023, the staffing agency set new milestones this past year with an 8% increase in sales to $4.46 billion and employing 579,000 associates in 860 franchise locations across the globe.
RE/MAX, LLC: Real Estate Maximums
RE/MAX, LLC, short for Real Estate Maximums, operates a widespread network of real estate brokerage offices across the United States, Canada, and other global locations. Startup expenses usually fall between $109,000 and $250,000.
Key Factors in Choosing a Profitable Franchise
- The profits of each franchise vary by market, location, size, and various factors.
- Franchising established businesses guarantees a profit, making it safe for entrepreneurs.
- Choosing a profitable franchise isn’t simple. Determining if a B2C or B2B franchise suits your interest matters. Considering brick and mortar versus virtual locations is key. Looking at models then focusing on profits is important.
Considerations in Franchise Ownership
When choosing a Franchise-business, your interests and situational factors affect choice. If interested in a business with zero market demand, success wouldn’t happen.