Business Strategies

Top Profitable Franchise Businesses to Launch

Moving into a franchise business is an easy way to start your own company. While many require a little more upfront costs than some entrepreneurial endeavors, business and marketing help can be invaluable. Here are the top franchises you should consider investing in.

Gas Stations

Gas station builders can help you launch a gas station. With the constant growth in many metropolitan areas, the need for new gas stations is on the rise. Larger cities mean more cars on the roads. Those cars need gasoline to operate. A little market research along with a knowledge of local zoning laws can help you get started. Partnering with a franchise may help offset some of the costs.

Fast Food

Drive-through fast food companies still rank high on the best franchises. Topping the list is McDonald’s followed by Dunkin’ Donuts, Sonic Drive-In, Taco Bell, Culver’s and Jersey Mike’s Subs. That’s just the 2019 top ten list by Entrepreneur Magazine. Convenient food options are always a hit as long as the market isn’t overly saturated. If you choose food, go with something you enjoy and do market research before choosing a location for your store.

Service Stores

Stores that offer services such as The UPS Store provide customers with a variety of options necessary for both personal and business needs. Beyond mail services, hair salons, gyms and learning centers such as Kumon Math & Reading Centers can allow you to meet an untapped need. Many of these stores are small and work well in office complexes and strip malls.

Hospitality Businesses

With urban areas growing, there is a need to house visitors. Hotel chains like Hampton by Hilton and Holiday Inn meet that need especially during the holidays or when events come to town. Hotels and motels typically stay open all year long. You can work with the franchise to set rates based on the area, time of year and even weekday.