The 5 Best Franchise Brands to Invest in 2020

Are you considering buying or owning a business in 2020?

But then you are not sure on which franchise is suited to thrive and still fit your budget?

A franchise is an organization in which independent companies can use the rights to the company name, logo and goods of a larger organization to run a specific location. The owner of the large company selling its right to license their business is known as a franchiser while the operator of business on location is the franchisee.

Franchising could be a great idea for you no matter what the economy is facing. Franchise companies deliver the high-performance franchise opportunities in the food, retail and service sectors.

There are several different types of franchises that you can own. Before you get started on your franchise, be sure to make note of your preferred time commitment, your interests, and your personal goals. For example, if you are interested in home improvement but would like to keep your day job, consider getting a semi-absentee franchise in that sector.

Some of the names are long time franchise players while others are brand new in the market.

So, how do we determine which companies to invest in?

Doughnut Topped with Colorful Sprinkles in Tilt-Shift Lens
Source: Pexels

Top 5 Franchise Businesses to Invest in 2020

Below are some of the best brands to invest in 2020

  • McDonald’s

They are one of the giant fast-food giants and cover almost every country on the entire planet. McDonald’s management is always looking for new ways to get their products to the market.

 One of their ways to attract more customers; they partnered with Uber eats to deliver fast food to consumers. This has boosted customer satisfaction levels as well as sales in the retail chain. Due to this association, a business analyst forecast that McDonald’s sales will double over the next ten years. 

They have also adopted a new technology that will see them refine their future real estate strategy.

The Franchise fee is $45,000.

  • 7 Eleven Stores

7 Eleven has reported exponential growth being the first convenience store. One of the reasons for the steady growth is that the franchise gives entrepreneurs various benefits from the start. Once you invest with them, you get immediate access to key resources that could be helpful for your business.

The other reason is that convenient store are everywhere and this is because these days everyone needs a convenient store. Its stores are located in Turkey, and one can get started within three to six months, including the application, testing and training.

The franchise fee is from $10,000 to $1,000,000.

  • Dunkin Brand

Even after dropping the name donuts, Dunkin is still warm for the market. One year ago, the company decided to launch a strategic initiative to introduce espresso drink and handcrafted beverages on their menu. Driven by this shift, Dunkin sales growth have been on the rise showing that it is a healthy brand. 

This famous chain has a wide Northeast customer base, where it was established and where most of its stores operate.

 In the whole world, it serves approximately 3 million customers per day, and they have more than 8 million customers in their perk program.

The franchise fee is from $40,000 to $90,000.

  • The Sports’ Clip Franchise

For entrepreneurs looking to build a business, Sport clips offer you an opportunity to invest in a business and still keep your current job. Sport clips is a men’s and boy’s hair care provider which reported a strong economically location and chain. 

For 25 years, Sport clips continue to show strength as one of the top franchises and continued dominance in the hair care industry.

Sport Clips has had a continuity rate of 95.4% over the past five years. This means that more than 95.4% of their stores are still open to date.

The franchise fee is $59,500.

  • Soccer Shots

A soccer shot is a kids’ soccer program with the aim of helping in character development. Just as adults have been joining the fastest payout online casino NZ to play video slots and other casino games, children also have a soccer program. Unlike online casino Australia, which is meant to entertain, this program is set to help in developing appropriate soccer as well as character development under guidance.

The soccer shots program is offered in more than 200 territories across nearly 40 states and Canada. The brand also has a well-established relationship with national brands like the U.S. Soccer Foundation and Adidas. 

The midpoint initial investment cost is $47,492.

In Conclusion

When evaluating an investment plan, it is important to ensure that the franchise is worth your money. Check out the profitability of a business before investing.

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