Franchises are big businesses in the US and if you have the money it’s a great way to enter a business that gives you free marketing and everything else you need to succeed. But which ones are the most profitable?
5. Steak ‘n Shake
It’s not the biggest burger joint, but it seems to be very popular wherever it opens and it’s profitable for franchisees. The initial investment is a little over $2 million, but based on the facts and figures put out by the company, you can earn your money back and more within 5 years.
4. Firehouse Subs
Sub sandwich shops are still very popular in the US, even though many of these chains seem to be going backwards (as is the case with Quiznos). Subway has the honor of being the biggest fast food chain in the US, though the company’s sales are falling. Jimmy Johns is growing quickly, and Firehouse Subs is also a huge earner for its franchisees.
This hot sauce/sub chain also has one of the smallest initial investments as it costs owners less than $600,000 on average to set up shop.
3. Planet Fitness
There are thousands of potential franchises across the United States, the vast majority of which are in the fast food industry.
But there are also ones in the fitness industry that are rising at a rate of knots, focusing on everything from swimming pools and spas to actual gyms with fitness equipment, as reviewed by our friends at Indoor Training Bikes.
Such is the case with Planet Fitness, which has nearly 1,500 units nationwide and a five-year growth rate of nearly 25%. Fitness is big business and it seems like Planet Fitness is the biggest business of all.
2. Culver’s Butterburgers
Although the initial investment is high at close to $3.5 million on average, the growth rate is huge on this fast food chain and it seems to be capturing the hearts of diners across the country. This trend may fade away soon as it’s one that seems to be there for all frozen custard and specialty burger chains, but it has lasted for a few years and has kept Culver’s near the top throughout that time.
1. Freddy’s Frozen Custard and Steakburgers
When it comes to frozen custard and specialty burgers it doesn’t get better than Freddy’s Frozen Custard and Steakburgers, and the public seems to agree, turning this into a hot chain that is earning franchisees big bucks.
The minimum investment is just over $1 million, but there is a five-year growth rate of over 31%. What’s more, there are fewer than 300 Freddy’s Frozen Custard and Steakburgers locations nationwide, which means this is far from a saturated chain.
