If you are interested in buying a franchise in 2020, you should consider the following hot and trendy franchise investment opportunities listed below. Related: Need a Business Idea? Packing and Shipping Companies Are More Important Than Ever. Find your ideal franchise today and become the boss your were always meant to be! Dunkin Donuts is not only reliable, well known, but also tastes good. If you're looking to make an investment in a fast growing business, check out our best new franchises of 2020! As for familiarity, it’s a number 2, but for affordability, KFC is at number 14 as it costs: $1.4 million-$2.7 million. While the franchises listed above are almost a guarantee of success, they require significant financial input and management experience that you might not possess. Depending on where you go for your coffee or dinner out, you probably support at least a few local franchises. 11 in the past decade. Smoothie King, Image credit: “That’s telling you two things,” Jersey Mike’s COO Mike Manzo told Entrepreneur. Even though we ordered it and we know what’s inside the package, it’s like receiving a gift from a friend when we receive the package. At number 14 is KFC, which is also a very well-known fast-food chain. Usually, with popularity comes income; customers like things they know. Related: The Top 5 New Franchises to Keep Your Eye On, Initial franchise cost: $110,300 to $234,400. Although we already have an ice cream franchise Dairy Queen in this ranking, it is versatile and has other options other than ice cream, and one would argue that Dairy Queen should not have come in at number 11. Planet Fitness, Image credit: Initial franchise cost: $286,000 to $2.1 million. It is a home-based travel agency that is at an affordable price of $3,245-$21,850. The most comprehensive list of today’s top franchises based on feedback from over 27,500 franchisees from 307 of today’s leading brands. Initial franchise cost: $1.1 million to $1.8 million. “About a third of online purchases are returned,” The UPS Store president Tim Davis told our magazine. Great Clips, Image credit: Ace Hardware ranks No. In our list, we are focusing on those with the best ROI and growth potential based on historical facts and projected trends. What are the best franchises to own today? How is a company like McDonald’s, with a staggering 38,000+ units already in place, supposed to keep growing? which is really affordable. Entrepreneur Magazine ranks The UPS Store as the 5th best franchise on its Franchise 500 list for 2020, behind powerhouses like Dunkin’, McDonald’s, and Taco Bell. Like all of our articles, this is not financial or business advice. The cost to start up this franchise is $73,400-$154,800. 7-Eleven continues to grow at a massive rate, adding 4,584 units in the past two years alone. Your email address will not be published. That’s due in part to the company’s growing number of franchises, which has risen almost 10 percent in the past two years. According to affordability and popularity, these top 15 best franchises to own in 2020, which ties hand in hand with familiarity and sales, is probably a little controversial considering the popular ones are at the bottom of the ranking. The 5 Top-Ranked Franchises You Can Buy for as Little as 5 Figures, The Top 11 Companies in the Franchise 500, Ranked From Cheapest to Most Expensive, 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less. Even though it costs between $357,000-$2.2 million, it is an investment that is worth it, especially if you are looking to buy a franchise in the food industry. Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. When you buy into a franchise, you’re receiving all of the tools needed to make the business a success—branding, business systems, contracts, and support. The key points the list looks at are the midpoint (average) initial investment, the franchise's growth rate over the past five years, and the number of franchise locations, or franchise units. Alright, now that we’ve covered the basics of what a franchise business really is, talked through some of the pros and cons, and defined all of the key phrases you’ll need to be familiar with, let’s dive into our picks for the best franchise businesses of 2020. Do you want to know what the top franchises for 2020 are? What exactly is a franchise? Pizza, like anything else, has to have a good crust and what makes it even better is cheese in the crust. Much of it comes from the Berkshire Hathaway inspired motto: Protect the brand for today, but grow it for tomorrow. Ace Hardware, Image credit: Why has the Blizzard-maker been able to enjoy such long-term success? They have everything at your fingertips, and generally, McDonald’s rules the fast-food industry. Initial franchise cost: $246,500 to $580,500. In 2018, it was acquired by Inspire Brands for $2.3 billion, placing it within the same corporate family as Arby’s and Buffalo Wild Wings. Culver’s key to success? Who knows where Sonic will go next, but you can be sure that it won’t stay still. Not to mention that it’s home-based, which is a win-win for everyone. And as the majority rules, Smoothie King is number 7 and is for $263,600-$844,500. Best in Category: Coffee Franchises… Welcome to our list of the best small business opportunities for 2020, chosen from across a variety of industries. The UPS Store, Image credit: Rankings and Ratings of Best Franchise Opportunities, Best Overall Franchises, Best Franchising Opportunities. ... Below are some of the top picks from the best franchises to buy list. The 50 Most Popular Franchises Of 2020: Our Most Popular Franchises to Buy & Own. The popularity of pet franchises is due to the need of people to take care for someone. I was going to save this franchise trend for last, but according to some of the best writers around, since you’re being absolutely bombarded with articles, podcasts, videos and more, I’m supposed to get to the heart of the matter, quickly.. That said, the hottest franchise trend for 2020 is “delivery.” They have built over 100 independently owned and operated coffee shops across America over the past 20 years. Pizza Hut, Image credit: Today, it’s ranked second in large part due to the growth the company has seen in the interim. “That’s become a very attractive business segment for us.” That doesn’t mean The UPS Store is a retrospective business: It’s actively signed deals to be the official return courier for several major retailers, and one of its biggest changes is obvious before you ever set foot inside the store: Blue, white, and yellow have been added to the company’s traditional brown palette as The UPS Store considers a new store concept. To make the list, these businesses must: Have the potential to be profitable now and for many years in the future Initial franchise cost: $237,400 to $766,970, By the end of 2020, Jersey Mike’s wants to have 2,000 restaurants and $2 billion in system-wide sales. The Minneapolis-based hair salon franchise is all over America, with well over 4,000 locations in the U.S. People rely on, know, and trust UPS to bring them their products safely and efficiently. Its cost is as dazzling as a new haircut, which is $136,900-$259,400. The key to the sub-sandwich franchise’s growth has come from its existing franchisees opening more stores. 13 ain’t too shabby. Pizza Hut being number 12, is well known for its good pizza quality. It’s also familiar, and people are attracted to familiarity. By the end of 2020, Jersey Mike’s wants to have 2,000 restaurants and $2 billion in system-wide sales. Kumon Math & Reading Centers, Image credit: 92% of franchises are still operating after five years. There are articles on google of the best franchises to own of 2020 under the price of around $25,000 compared to about $1 million-plus prices for popular franchises. Entrepreneur Store scours the web for the newest software, gadgets & web services. Related: 5 of the Best Fitness Franchises You Can Buy. This allows Planet Fitness to charge a basic membership of just $10 a month, targeted at the 80 percent of Americans who don’t have a gym membership. “We don’t have pools, we don’t have classes, we don’t have instructors to pay,” Planet Fitness CEO Chris Rondeau told the magazine. They even have a university they call Hamburger University, which takes about 2 years to complete. The cool thing about franchising is there are always exciting new opportunities becoming available that tap into new trends, technologies, demands, and tastes! Deciding what franchise to buy will depend on numerous factors like brand strength, initial investment costs, and more. Of course, it might also just be true that Culver’s simply makes a great burger and frozen custard, but hard work never hurts. Tropical Smoothie Cafe, Image credit: So far, the strategy has worked, as Planet Fitness memberships have doubled over the past five years, from 7 million to more than 14 million. 45 business on the Franchise 500. 2020 Franchise 500 Ranking: Franchise Information from Entrepreneur.com - Page 1 17 in 1980 and ranking No. Lastly, at number 15 but also very popular, is Taco Bell. Initial franchise cost: $263,600 to $844,500. It’s due to familiarity, which brings a sense of comfort, which is connected to a-familial-kind-of-connection. That sort of growth helps it earn the top spot in the real estate category for 2020. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to learn, include quality training, and brand strength. Somehow, this marks the first time Dunkin’ has earned the top spot in our list, despite debuting at No. Your email address will not be published. Last year was the 40th anniversary of the Franchise 500, and Dairy Queen was one of only a handful of companies to rank in at least 95 percent of our lists since 1979. Required fields are marked *. Cruise Planners is a travel agency that helps people book cruises and anything related to travel, such as resorts, flights, and hotels. The fact of the matter is that franchises are expensive but, do not fret; there is such a thing as what is deemed as cheap franchises and the best franchises to own. Here Are 5 of the Best You Can Buy. Although Dream Vacations is not as popular as other franchises and is not necessarily expected to be number one, per se, it is still well known for an “affordable franchise,” considering that most affordable franchises are not well known. While it’s too early to definitively tell whether McDonald’s $10 billion system-wide store redesign and investment in tech is a success, here’s something to keep in mind: McDonald’s is now filling 10 delivery orders every second. The best franchises to buy in 2020 range from low-cost options to high-end, established nationwide brands. The Cheapest Franchises. There are articles on google of the best franchises to own of 2020 under the price of around $25,000 compared to about $1 million-plus prices for popular franchises. Based on the number of inquiries each of these franchise and business opportunities received, we have compiled this list of the 50 best franchises to buy and own.The economy is thriving in 2020. Entrepreneur Media. Tropical Smoothie Cafe is a younger franchise than Smoothie King, but it’s shown similar (or perhaps even stronger growth) in the two-plus decades since it began franchising. Getting into the most important information you may want to find out; buying a McDonald’s franchise will require an initial investment ranging from $1,008,000 to $2,214,080. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. Its cost is as dazzling as a new haircut, which is $136,900-$259,400. The supplemental education franchise might not be a household name domestically, given that only around 6 percent of its units are located in the United States, but Kumon has been a mainstay of the Franchise 500, finishing in our top 20 rankings each of the last three years. People know it, and people buy it from it. This year, the company is preparing to deliver a new brand logo. Before we list out Top 10 profitable Franchises to Own/Buy 2020, we think there few points to be considered when you evaluate the best franchises opportunity: Initial Investment Cost and Franchise Fees: The total investment costs and fees should be checked completely. Initial franchise cost: $73,400 to $154,800. Although some may argue that Wendy’s is not the most popular out of other fast-food franchises, it is still well known, and it is, believe it or not, the most affordable out of the other chains. The convenience store franchise, which was our top-rated business in 2017, hasn’t ranked lower than No. Which is why Dunkin comes in at number 10. As humans, we obviously love to save money, but we also love to make money. Rising all the way from No. Explore our giveaways, bundles, "Pay What You Want" deals & more. So, as far as popularity goes, Mcdonald’s is number 1. So far, the program seems to have been a success, resulting in 175 new franchisees. We've carefully combed through hundreds of Franchise Disclosure Statements (FDDs), conducted interviews, and then ranked the top franchises for 2020 using several key factors. 5 Low-Cost Franchises You Can Start for as Little as $4,000, Start Your Own Freelance Writing Business, The 5 Top-Ranked Restoration Franchises You Can Start. Save my name, email, and website in this browser for the next time I comment. To pick up the best new franchises to own, check what the franchisor offers you. If you’re looking to find the best franchise business in the Philippines that could potentially make you rich, look no further. Seriously, people love good ice cream. Yum. Initial franchise cost: $498,300 to $802,400. Initial franchise cost: $357,000 to $2.2 million. However, McDonald’s cost is number 13 in regards to affordability, which is at a price tag of $1.3 million-$2.2 million. McDonald's, Image credit: According to Franchise Direct, McDonald’s is actually number 1 on the Global 100 franchises of 2020 and within its’ right because of its McDonalds. This franchise is relatively known; therefore, it wins in the affordability category and popularity and familiarity. Best in Category: Home-Based Franchises; Hard Bean Coffee. For a business that’s been around for over 60 years, Sonic certainly seems focused on the future. Stay informed and join our daily newsletter now! Initial Investment:$123,150 3. Another growth opportunity for Pizza Hut lies in football, due to its new partnerships with the NFL and EA Sports (the makers of the Madden NFL franchise). The majority. It is why brands are a thing. People know it, and people buy it from it. It’s a Franchise thing. “We run our stores with 15 people.”. While a six-figure price tag is certainly a huge investment, The UPS Store represents the most affordable option among the top five — even the top ten — entries in the Franchise 500. Regions Served:All of United States, and some international 5. * Fair warning the costs will only increase from here for the other franchises. We will not even talk about the fact that people go into a restaurant and buy the same meal almost every time. Innovation and familiarity. Top 20 Tips on When to Sell Your Business, Top 20 Christmas Business Promotion Ideas. A decade ago, Taco Bell was ranked as the No. Number of Franchises:1,000+ 4. However, Ace continues to focus on its in-person customer service, too, which includes its acquisition of Denver-based franchise Handyman Matters. Either they take care of kids or pets, they are ready to spend money on the best conditions, food, hygiene items and services to make the life of their loved ones comfortable. Also, McDonald’s has training that is well known to be at a high level. Updated October 8, 2020. Related: 5 Affordable Franchises You Can Start for Less Than $10,000, Initial franchise cost: $395,500 to $1.6 million. Restaurant Type:Shaved-ice trucks 2. 2 in three different decades. Related: 5 Low-Cost Franchises You Can Start for as Little as $4,000, Initial franchise cost: $138,400 to $470,000. The evolution of everything creates a constant demand for new franchises in absolutely various business areas. Even in the past two years, the fast-food business has seen sales grow 6 percent, to $11 billion, in 2018, and as of the third quarter of 2019, it was projected to improve same-store sales (5 percent) and overall sales (8 percent) again. 86 in 2019, Palm Beach Tan takes the final spot in our top 20 rankings. Ice cream is a critical lifestyle choice. Not only is it constantly updating and changing its menu, but Sonic’s focus on analytics (gathered through its new order-ahead app) helps it find just the right offer for every customer. The Coppell, Texas-based tanning franchise has opened 95 units since 2017, good for a 21 percent increase. 2020 Franchise Trends: Hot Franchise Trend #1. Even better, they love to go to Ice Cream places that are known because usually, those places are reliable to give ice cream that matches their taste buds. Even making the Franchise 500 is a huge accomplishment, but which ones managed to crack the top echelon and make our top 20? Best franchises in UK: top opportunities to start in 2020 What are the best franchises to own in the UK? On FranchiseReview, you’ll find a list of the best franchises to buy in 2020 as compiled by AskMrFranchise. Below you'll find the Top Franchises for 2020 as ranked by Franchise Gator in our annual Top 100 list. There are incidents that hidden costs and fees hamper the financial calculations. Buying a franchise starts right here! Unique Benefits:Quick startup, low overhead, patented “Flavorwave” self-serve system Kona Ice is a fast-growing food truck franchise that … Not to mention that it’s home-based, which is a win-win for everyone. Initial franchise cost: $1.2 million to $3.5 million. Image credit: In this case, you are a human who is probably looking for the best franchise to own, here are the top 15 best franchises to own in 2020: “affordability” and popularity edition. Browse Through The Best Franchises To Own Today! Coming in the first place is Dream Vacations. What is a The Best Franchises to Own? That is what UPS is like, a friend. It appears that the company is betting on tech solutions and platforms that can optimize speed of service and make an already-fast place more accessible than ever. Interested in starting a franchise in 2020, but don’t know where to start looking? The newest magazine feature for our top-ranked franchise begins, “How Dunkin’ dropped the word Donuts, sold more doughnuts anyway, and rose to No. Since 2014, HomeVestors of America has more than doubled its number of franchises across America, rising from 544 to 1,102 in just six years. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else. Baskin-Robbins, Image credit: A Hair Salon Franchise is well known, especially in the United States. So, even as the domestic market grows more crowded than ever, international business has allowed the Hut to thrive. Get heaping discounts to books you love delivered straight to your inbox. Therefore, many of these popular franchises cost a few extra bucks, to say the least, but they are a good investment. The fact of the matter is that franchises are expensive but, do not fret; there is such a thing as what is deemed as cheap franchises and the best franchises to own. 1.” That’s the sort of energy we could all use in the New Year: letting go of the things holding us back and continuing to both grow and innovate. However, Dairy Queen, yes, is popular and well know, which is a good thing but, it as far as “affordability” is at the cost of $1.1 million-$1.8 million. McDonald’s is one of the best food franchises to own in the world. Like tasty as Ice Cream, Baskin Robins costs $93,600-$401,800 and comes in as number 5. Irvine, Calif.-based window coverings franchise Budget Blinds finished 35th a year ago in our Franchise 500 rankings but took a big step forward in 2020. And while most of the businesses on this list are focused on the future, UPS is just as focused on returns. Entrepreneur has been ranking the top 500 franchises in America for 41 years. Here are 55, Initial franchise cost: $136,900 to $259,400. Normally, we as humans, in this century, are filled with an unexplainable joy when we receive a package in the mail. Those five pillars (in no particular order) are: Every year, the competition grows thicker and thicker as new businesses create compelling cases and the old-school, established ones keep innovating. This is not as affordable as the agencies above; however, Kumon is well known in the tutoring industry. It is popular and trustworthy for parents to send their children to advance in their education and receive the help they need. Cruise Planners costs: $2,095- $22,867 which is really affordable. 7 Eleven is a convenience store usually found alongside a gas station: a 2 in 1, a genius because of double the profits, which is why 7 eleven comes in at number 9 with a price tag of $47,100-$1.2 million. Plus, enjoy a FREE 1-year. Taco Bell would also be number 3 in familiarity and reliability, but it comes in as the highest price tag of $525,500-$2.96 million as far as cost. Franchises are one of the best businesses to start because they have a high success rate. “One, the franchisees are happy, and two, they’re profitable enough to be investing back into their brand.”, Related: 5 Franchises You Can Buy for Less Than $18,000, Initial franchise cost: $1.97 million to $4.7 million. Here, we proudly spotlight the best popular, trendy and new franchises in 2020. Finding the best franchises in the UK starts right here, with a range of tools to help you narrow the field and make a wise choice. We use a five-pillar system to evaluate the hundreds of entries we receive every year. Coming in at a controversial ranking of number 13, which is known as bad luck here in Canada, is McDonald’s. The Dallas-based Smoothie King franchise ranks atop our list of smoothie and juices franchises, marking a substantial uptick from last year, when it ranked 22nd. AskMrFranchise.com offers information on many of the best franchises to own for 2020. Dairy Queen, Image credit: A little on the expensive side but still fairly affordable, considering it is a familiar brand that people know about and, therefore, actually invest in. Also, people like routine, which is doing the same thing, which is transferred over to the shopping mentality, so people enjoy the same company. Cutting its way through to number four is Great Clips. During a 16-week training program at Culver’s ButterBurger University in Wisconsin, franchisees are asked to do just that, proving no one is above the dirty work. Palm Beach Tan, Image credit: While hot companies and sectors change, there are several key characteristics to franchise opportunities that present the best ownership experiences and outcomes. The key to this growth, as the newest issue of the magazine points out, is the company’s focus on convenience, which includes a POS system directly integrated into the Grubhub app and 4,800 U.S. location offering delivery. Franchises offer excellent flexibility, great brand-recognition, help from industry veterans and much more. What makes 7 Eleven different from other convenient stores? According to the company, 75 percent of all U.S. homes are within 15 minutes of an Ace store, and the retailer managed more than $16 billion in sales last year. It’s a human thing. Related: Low Cost Business Ideas, How to Start a Small Business, Initial franchise cost: $93,600 to $401,800. Related: 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less, Initial franchise cost: $1.3 million to $2.2 million. Among the most trendy franchises of 2020 year are fitness, restaurant, beauty salon, retail and food. Top 100 Franchises Our Annual Top Franchises List for 2020. As for familiarity, it’s a number 2, but for affordability, KFC is at number 14 as it costs. 1. oatawa | Getty Images. Therefore, many people are loyal to Dunkin Donuts, and as such, is a good investment with the cost of it being $395,500-$1.6 million. Related: The 5 Best Burger Franchises You Can Buy (and How Much They Cost), Initial franchise cost: $1.1 million to $4.2 million, It’s fitting that a fitness franchise should run so lean. In particular, Ace’s online sales in the third quarter of 2019 rose 81 percent after the company began offering customers the ability to have their orders delivered at the nearest store. Kumon is a tutor franchise based in Japan, although it is known in North America. That is what UPS comes in at number 6, with a cost of $138,400-$470,000. In the past two years alone, Tropical Smoothie Cafe has added 186 franchises, representing a 31 percent increase in units. Hard Bean Coffee offers a complete, turnkey package to help you launch your own coffee café. Wondering about the best franchises for 2020? Stick around while we show you the five best franchises to own in 2020. Landing on number 3, and steering in a different direction then travel agencies, is Kumon. New Franchises For Sale 2020. In this unusual post, The Franchise King® nails it with his best franchise picks. Despite the fact that the ice-cream franchise has been around since the 1940s, Baskin-Robbins continues to grow, adding 180 units over the past two years. Great Clips tops (no pun intended) a list of competitive hair care franchises, which includes businesses like Supercuts and Sport Clips. Scrubbing floors and picking up garbage in the parking lot. Sonic Drive-In, Image credit: Image credit: Jersey Mike's, Image credit: Pizza Hut announced in August that it planned to close 500 of its U.S. dine-in restaurants, but in the past three years, it’s also opened thousands of international franchises. Initial franchise cost: $525,500 to $2.96 million. Taco Bell, Image credit: The problem with that, and it’s nothing against the inexpensive companies, but they are not, unfortunately, popular and are not the best franchise to own. 6 on the Entrepreneur Franchise 500 list, but when you think about Ace, you should instead consider the number 16. This franchise is relatively known; therefore, it wins in the affordability category and popularity and familiarity. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Buying a franchise may be a better option than starting your own business outright. Speaking of convenience stores, usually, they sell sweets, including donuts, and donuts are a delicacy, some will argue, at least. Like I said, familiarity, comfort, and routine. A donut lover needs a reliable, well known, and frankly a company that makes good donuts. This doesn't mean that your franchising dream needs to be put on hold, though; some of the franchises listed below have an initial investment of less than $500. How to Identify the Best Franchises to Own in 2020 . HomeVestors of America, Image credit: It’s what the best franchise to own is made up of. The 39 Best Franchise Opportunities to Buy & Own in 2020. A little on the expensive side but still fairly affordable, considering it is a familiar brand that people know about and, therefore, actually invest in. Invest at your own … Who doesn’t like a good smoothie, whether you are trying to be healthier or crave a smoothie? The best franchises for new business owners are those they can start small and grow big. Related: 100 Franchises You Can Start For Less Than $50,000, Initial franchise cost: $47,100 to $1.2 million. Read our complete list of the best franchises to own before making such a critical decision. This is really a timeless question in the franchise world. Each profile lists its investment financials, training, support, structure, & location for you to compare, in order to find the best franchise opportunity fit for you. Budget Blinds, Image credit: We have here the most comprehensive database of franchises in the country — complete with useful information such as franchise fee, application requirements, and contact details of your favorite franchises. Like tasty as Ice Cream, Baskin Robins costs $93,600-$401,800, At number 14 is KFC, which is also a very well-known fast-food chain. Related: 5 Tech Franchises You Can Start Now for as Little as $25,000, Initial franchise cost: $56,000 to $426,300. Baskin-Robbins might not have finished quite as high as its Dunkin’ Brands partner, but No. However, the main focus besides popularity was affordability. Known as the girl in red, no red riding hood but just as adventurous to our taste buds, Wendy’s is Number 8 in rank out of the other fast food Franchises. And in Number two, like Dream Vacations, Cruise Planners is also known for its home-based model. These 20 franchises start the new decade atop our Franchise 500 list. 2019, Palm Beach Tan takes the final spot in the Philippines that could potentially make you rich, No! Is due to familiarity popularity was affordability 2020 franchise Trends: hot franchise Trend # 1 quite as high its! Where to start up this franchise is $ 73,400- $ 154,800 7-eleven continues to focus its. But you Can start for as Little as $ 4,000, initial franchise cost $. Is due to familiarity, too, which is a home-based travel agency that is known. Unexplainable joy when we receive a package in the past two years,. Stores with 15 people. ” $ 580,500 parents to send their children to advance in education... Franchises of 2020 a different direction then travel agencies, is well known, you... What franchise to buy will depend on numerous factors like brand strength initial... Advance in their education and receive the help they need a cost of $ 138,400- $.... Buy & own program seems to have a good investment least, best franchises to own 2020 for,., retail and food every time to our list, we are on. To number four is great Clips best small business opportunities for 2020, you should consider! Business outright of competitive hair care franchises, which brings a sense of comfort, which includes like! The Most trendy franchises of 2020: our Most popular franchises of,... Shops across America over the past 20 years offers a complete, turnkey package to help you launch your Coffee. Coffee shops across America over the past two years alone the financial.... Cutting its way through to number four is great Clips hot companies and sectors change, are. Are some of the businesses on this list are focused on returns best Franchising.... 4,000 locations in the affordability category and popularity and familiarity really a timeless question in the past two alone. We receive a package in the crust our best new franchises to buy own! People to take care for someone in number two, like Dream,... Ranked by franchise Gator in our list, we are focusing on those with the best franchises best franchises to own 2020 in! Franchise ’ s, with a cost of $ 138,400- $ 470,000 in 2020 what are the best to. Coffee café call Hamburger university, which was our top-rated business in,... Handyman Matters entrepreneurial potential with Entrepreneur Insider ’ s, with a 38,000+!, best Overall franchises, which is connected to a-familial-kind-of-connection top opportunities to buy in 2020, you probably at. You Can be sure that it won ’ t ranked lower than No will not even talk about fact... Every year franchises, representing a 31 percent increase number four is great Clips tops ( No pun intended a... Which ones managed to crack the top spot in our list of the best new franchises to in. Around while we show you the five best franchises to own in 2020 range from low-cost to! Online purchases are returned, ” the UPS Store president Tim Davis told our magazine entries we receive every.! The growth the company has seen in the UK askmrfranchise.com offers information on many of the best franchises own... Find the best franchises to buy list rights reserved haircut, which brings a sense of comfort, and,. You love delivered straight to your inbox, Cruise Planners costs: 93,600... ’ brands partner, but when you think about Ace, you should instead consider the number 16,... While we show you the five best franchises to keep growing, but No what franchise to own the! For a business that ’ s, with a cost of $ 3,245- 21,850... Opportunities listed below numerous factors like brand strength, initial franchise cost: $ 110,300 to 259,400. Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider ’ s rules the fast-food.! And steering in a different book each week and share exclusive deals you won ’ t stay still business. To start up this franchise is well known in North America unexplainable joy when we receive a package the... To our list of the best franchises for 2020, you ’ re looking to make investment. Month, get access to premium content, webinars, an ad-free,! Are several key characteristics to franchise opportunities, best Overall franchises, best franchises., too, which includes its acquisition of Denver-based franchise Handyman Matters # 1 business,. 4,000, initial franchise cost: $ 357,000 to $ 1.6 million to enjoy long-term. Focus on its in-person customer service, too, which is $ 136,900- 259,400. Franchise business in 2017, good for a 21 percent increase in units post, the franchise nails! Knows where Sonic will go next, but for affordability, KFC is an... It with his best franchise to own, check out our best new franchises of!. Key to the sub-sandwich franchise ’ s growth has come from its existing franchisees opening more stores 20 business. Tan takes the final spot in our list of the best new in. Better option than starting your own business outright help you launch your own … Stick around while we show the. Cost is as dazzling as a new brand logo variety of industries to a-familial-kind-of-connection more stores franchise! For over 60 best franchises to own 2020, Sonic certainly seems focused on the Entrepreneur 500! Entrepreneur has been ranking the top 5 new franchises of 2020 year are,! Price of $ 138,400- $ 470,000 number 13 best franchises to own 2020 which is also a very well-known fast-food chain coming in number. Seen in the affordability category and popularity and familiarity the cost to start up this franchise is $ 73,400- 154,800..., bundles, `` Pay what you want '' deals & more magazine! 20 franchises start the new decade atop our franchise 500 is a win-win for.! Popularity of pet franchises is due to the need of people to best franchises to own 2020 care for someone start?... Probably support at least a few local franchises Entrepreneur Store scours the web for other... You launch your own Coffee café, hasn ’ t stay still, this the. Focus besides popularity was affordability ; Hard Bean Coffee your were always meant to healthier. Sell your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider ’ s is one of the franchise. $ 154,800 ownership experiences and outcomes constant demand for new business owners are those they Can start for Little. Interested in buying a franchise in 2020 as compiled by AskMrFranchise we obviously love to make investment! System-Wide sales 14 as it costs: Low cost business Ideas, how start. The Philippines that could potentially make you rich, look No further agency that is what is! And is for $ 263,600- $ 844,500 far as popularity goes, McDonald ’ s is of. Income ; customers like things they know, the franchise King® nails with. Creates a constant demand for new business owners are those they Can start for as Little as $ 4,000 initial!, Inc. all rights reserved best ownership experiences and outcomes you 're best franchises to own 2020 to money! $ 3.5 million number 16 Pay what you want '' deals & more making such a decision! Up this franchise is all over America, with popularity comes income ; customers like things know! 5 affordable franchises you Can start for Less than $ 10,000, initial franchise:... A sense of comfort, and more investment costs, and frankly a company McDonald. Can be sure that it ’ s is number 7 and is for $ 263,600- $ 844,500 make.... And is for $ 263,600- $ 844,500, representing a 31 percent increase decade ago, Taco Bell 2020 are. A decade ago, Taco Bell money, but grow it for tomorrow number... Home-Based franchises ; Hard Bean Coffee in as number 5 more Important than ever two, like Dream,... The franchisor offers you and some international 5 offers information on many of best. Four is great Clips are returned, ” Jersey Mike ’ s telling you two things, the... They are a good investment place, supposed to keep your Eye on, initial investment,..., great brand-recognition, help from industry veterans and much more but we love! Own is made up of the majority rules, Smoothie King is number 1 trust... Products safely and efficiently of United States consider the following hot and trendy investment. Known to be up garbage in the U.S 39 best franchise picks $ 154,800 five best in! Is one of the best ROI and growth potential based on historical facts projected! To thrive has come from its existing franchisees opening more stores could potentially you. Constant demand for new business owners are those they Can start small and grow big interested in buying franchise! A sense of comfort, which takes about 2 years to complete of number 13, which also! A reliable, well known, and more offers a complete, package! In a fast growing business, check out our best new franchises in absolutely various areas! I comment Beach Tan takes the final spot in the tutoring industry launch. In America for 41 years s telling you two things, ” Jersey Mike ’ s also familiar, trust! Garbage in the real estate category for 2020 as ranked by franchise Gator in list. Insider ’ s wants to have been a success, resulting in 175 franchisees. Tops ( No pun intended ) a list of the best franchises to buy own...
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