Talk on the Street
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Talk on the Street
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When looking to become a business owner, franchising offers so many advantages. Choosing the right franchise to suit is an important decision. Here is a list of the top 10 franchise brands of 2022.
1. Taco Bell
With more than 7,000 locations across 30 different countries, Taco Bell is known for serving great-tasting Mexican-style food and offering customers fast service and good value for money. Founded in 1962 and franchising since 1964, it is easy to see why Taco Bell is a recognised brand across the globe. Consistently ranking highly in any list of top franchises to purchase for the past few decades, buying into a Taco Bell franchise is for the serious entrepreneur and requires the franchisee to meet some net worth and liquid capital requirements, and initial investment is usually between $500,000 and $3.5 million.
2. The UPS Store
The UPS Store has more than 40 years’ experience in franchising, and they have one of the highest franchisee satisfaction responses of any franchise. Initial capital investment is mid-range, sitting at roughly between $100,000 and $500,000, making this a viable and accessible option for the average entrepreneur. The UPS Store also offers some attractive veteran incentives. The UPS Store is known for providing franchisees with excellent training and on-going support, reliable systems and significant brand strength.
3. Popeyes Louisiana Kitchen
Another quick-service-restaurant, Popeyes Louisiana Kitchen is one of the most popular fried chicken restaurants in the country. The franchise is committed to offering customers the best tasting fried chicken available and at an affordable price. Popeyes Louisiana Kitchen has seen some good growth in recent years, with more than 21 percent increase in the number of units in the last three years. Initial investment and start-up costs are fairly high, ranging around $380,000 to $3.5 million, so investment into a Popeyes Louisiana Kitchen franchise is not for the faint-hearted. However, the financial rewards are very attractive.
4. Jersey Mike’s Subs
Another fast-growing franchise, with a 40 percent increase in units over the past few years, Jersey Mike’s Subs has been serving up delicious and authentic subs and Philly cheesesteaks since 1952. This franchise puts a strong focus on supporting its franchisees as well as the local communities in which they serve. A franchise that is designed to be on the smaller size and it’s initial investment of less than $1 million make it a great option for those looking for something easy to manage with a little less financial upfront risk.
Culver’s specializes in specialty burgers and frozen custard. Since it began franchising in 1988, Culver’s has experienced steady growth, and now has nearly 900 units across the country. Absentee ownership is not an option within this franchise. As a Culver’s franchisee, you are expected to run the business as an owner-operator, with a heavy focus on customer satisfaction, hospitality, and quality. While initial investment costs are quite high, at around $2.3 million to $5.8 million, Culver’s is a top-quality franchise for any serious entrepreneur to consider.
Kumon is an education-based franchise and is a great option for those who are looking for something that offers lower initial investment requirements. For less than $150,000 you can become part of one of the best child education and tutoring franchises available. Kumon is well-known for its long-term education system that teaches children not only reading and math, it is also highly resected for its ability to instil a strong and effective learning ethic in its students.
7. Planet Fitness
In terms of memberships and locations, Planet Fitness is the largest fitness franchise in the United States. And with more than 2,300 locations worldwide, it is also one of the largest fitness franchises across the globe. The focus of a Planet Fitness franchise for the owner is a small staff base with easy-to-manage systems and little fitness background knowledge required. Planet Fitness offers customers a range of free weights and exercise equipment, fitness training services, competitive prices and an all-inclusive membership. Their customer base is the every-day person and the casual gym-goer as opposed to the hard-core bodybuilder.
Considered the market leader in restoration services industry, Servepro has been around since 1967 in the U.S. and Canada. With over 2,000 units, Servepro specialize in cleaning, repair work and reconstruction work of buildings that have suffered water, fire or smoke damage for both commercial and residential properties. All Servepro franchisees undergo intensive training at Servepro’s national training center. With an initial investment outlay of around $215,000 to $270,000 a Servepro franchise is a good option to consider.
Having been founded back in 1927, 7-Eleven has a long history and is one of the most recognized brands in the country and around the world. The 7-Eleven franchise is focused on convenience, offering its customers a one-stop-shop where they can get fuel, buy a lotto ticket, pick up some milk, buy a toothbrush, or grab a snack. With over 7,300 franchises worldwide, the 7-Eleven franchise is one of the largest and most recognized brands, consistently considered one of best franchises year after year. One of the common responses from 7-Eleven franchisees is their appreciation of the company’s commitment to each franchisee’s success. A strong focus on training and ongoing support is why so many entrepreneurs consider the 7-Eleven franchisee as the franchise of choice.
10. Tropical Smoothie Café
Established in 1997, the Tropical Smoothie Café has 25 years’ experience in franchising industry. With more than 1,100 locations across the country, they have seen significant growth, with a 45 percent increase in units in the last few years. Initial investment outlay sits around $280,000 to $580,000 and the franchise offers some attractive veteran incentives. Flexible management options are available for those who may want to consider absentee ownership. The company also offer exclusive territory options.
Franchising with the Experts
When looking into franchising it is important to seek the advice of professionals who have the knowledge and experience to guide you in the right direction when it comes to franchise selection, financing and setup. All State Franchise Finders, led by CEO and President Derek Cafferata, are the leading franchise experts in the United States.
The award-winning team at ALLSTATEFF.COM are ready to help. Contact them on 1-800-544-2161 or visit allstateff.com today. ALLSTATEFF.COM – your award-winning franchise experts.