Here's one of the most critical pieces of information you'll read today: the restaurant business is booming. It has been for a long time, and it's not about to slow down anytime soon. The market for franchising, especially for restaurants, will steadily continue to rise year after year. That's the good news.
The bad news is that there are already plenty of franchises, which means that your future competitors are already established and ready to keep serving customers as long as possible. And if a strong economy means more people eat out, there will be more competition for those people.
As with any business investment decision, choosing a franchise comes with risks; but all in all, investing in a solid franchise with good management and a proven track record of success is still one of the best ways to make money in the restaurant business today. With that information in hand, you're probably wondering what exactly makes a good franchise investment—and that's where we come in. We've compiled research on some of the most profitable franchises to invest in across America in 2022.
Ace Hardware
You don't have to look further than your friendly neighborhood Ace Hardware when franchising.
The company has been in business for almost 100 years and is still going strong. It's a great brand to invest in because it's well-known and has a wide range of products available that customers will love.
In addition, Ace Hardware has an initial franchising cost of $286k to $2.1m and is Number 6 on the Franchise 500 list; it's one of the most profitable franchises in 2021. There are over 4,700 locations worldwide, and more are opening every day. In addition, the company offers training programs that help local owners build their businesses, and new owners get started when purchasing franchises.
Its owner-friendly policies allow each location to operate independently while still adhering to corporate standards.
Because of its extensive distribution network and trusted name, Ace Hardware is well positioned for continued growth that outshines the competition. As a result, it's a solid investment for anyone looking to get into franchising.
McDonald's
McDonald's is a fast food restaurant chain with a global presence. It offers franchise opportunities in both the United States and internationally, making McDonald's one of the best franchises to invest in today.
McDonald's has a diverse menu that includes burgers, chicken nuggets, french fries, salads, and more.
The company also offers breakfast items like pancakes and omelets. In addition, McDonald's recently partnered with Uber Eats to deliver their food through that service and other delivery services across America.
Recently, the business has made a $10b system-wide store redesign, adding customizable burger toppings like guacamole or grilled mushrooms for an additional charge. Whereas other fast food restaurant chains like Burger King or Taco Bell offer no option but to order what they give you without any customization options.
Supercuts
Supercuts is a hair salon franchise that has been around since 1975 and is still growing.
The company offers services, including haircuts, facials, manicures, and pedicures, at its franchises across the globe.
This is a great investment opportunity because it's a proven business model with low startup costs.
It's also perfect for people who love working with their hands and have an eye for detail; it helps to be able to give someone the exact hairstyle they want.
If you're looking for a franchise opportunity that will be profitable but won't require as much work on your part as other businesses do, then this might be just what you need.
The UPS Store
The UPS Store is a franchise that offers various services, including shipping, packing, printing, mailbox rental, and copying. The UPS Store is an excellent investment for the following reasons:
● It has a strong brand and low startup costs.
● It is a good option for those who want to get into the shipping business but don't want to invest in a truck or van.
The UPS Store may be an appealing option if you are looking to buy into a franchise because it allows you to open your location after buying into the company.
This investment can help you get your foot in the door without having too much at stake personally if things don't go as planned with your initial location.
-This way, if things do not go smoothly initially with your first location, then there's still hope
- another possibility would be starting again with another branch somewhere else where conditions might work better.
Pearle Vision
Pearle Vision may be the right franchise for you if you want to start a business and make money.
The initial franchise fee is $30k, and there are no royalties. In addition, they offer great support during training so that you can be successful as a business owner.
Pearle Vision has a strong reputation in the industry because they offer high-quality products at affordable prices.
When customers visit their stores, they receive personalized service from skilled optometrists who specialize in eye care services rather than just salespeople trying to sell expensive glasses with little concern for customer needs or preferences (like some other optical chains).
Their product line includes contact lenses, sunglasses, and prescription frames.
And unlike many other optical stores, their pricing includes all taxes on merchandise they sell, so there are no hidden fees.
Dunkin'
Dunkin' Donuts is a fast food restaurant chain that has been around since 1950. William Rosenberg created it in Quincy, Massachusetts, and it quickly grew to become one of the most popular restaurants in America.
While the coffee market has already consolidated and small local coffee shops have been closing their doors, Dunkin' Donuts is still on the rise.
It currently has over 11,000 locations throughout the United States and is working hard to expand into other countries.
The brand is also continuing to grow its food menu and beverage list. With this expansion, there are plenty of investment opportunities and a lot of money to be made.
This company has been around since 1950. While it's one of the more extensive franchises in the United States, it remains family-owned and family-operated.
The chain was bought by Allied Domecq in 1990 and changed hands again when purchased by the British-Dutch company JAB Holding Company.
In 2018, Dunkin' Donuts reported $7 billion in revenue from locations worldwide, up from $6 billion in 2017.
The company plans to continue its expansion into Canada, Europe, China, Southeast Asia, and Latin America.
Although Dunkin' Donuts didn't make any acquisitions or mergers during 2018, it did open nearly 600 new locations globally last year alone.
The Maids
As you can probably imagine, when you're running a business or working for one, the health of your company's fiscal situation matters.
There are plenty of reasons why knowing how much money your company is making or losing each year would be an essential piece of information to have at hand.
One reason is that if your company is making more than it's regularly spending—and hopefully it is—then this could mean it's operating well enough financially to provide employees with raises and benefits.
This means that everyone who works there has a higher chance of being able to afford the things they want in their lives, including homes, cars, and even vacations!
Another reason is that knowing how much your company makes each year can help with planning future investments like buying new equipment or expanding into new markets overseas.
Conclusion
These are a great place to start if you're looking for the best franchises to invest in. Each one has been carefully vetted and ranked by our team of experts.
They're all strong brands with plenty of room for growth and profitability, which makes them ideal for anyone looking for their first business venture or wanting to expand their current portfolio.
