There are a plethora of franchises from which to choose in the present robust marketplace; however, you want to take care and drill your list down to a few. There’s help in this endeavor, compiled below is a shortlist of the most profitable franchises that are out there.
Profitable Franchises: Out of the Gate With The UPS Store
There’s a reason why The UPS Store is always top five in the list of franchises – people are always going to have to mail letters and packages. The lowest amount of liquid assets required for entry is $60,000 – which is quite manageable for many people. However, your initial investment can span between $140,000 and $470,000, so make sure you have access to the funds necessary via bank loans/hard money. The franchise fee runs between about $10,000 and $30,000.
Hair Care With Supercuts
This one may come as a bit of a surprise, but salon franchise Supercuts is quite lucrative for a lot of franchisees and franchisors. They’ve been in business as such for half a century, and that doesn’t appear to be in jeopardy. The franchise fee is about $40,000, and the initial investment runs between $150,000 and $320,000 – which means you should have nearly half a million in net worth, with $150,000 of this in liquid assets. Then, you can put in an application to own one of these profitable franchises with confidence.
King of Profitable Franchises: McDonald’s
Insofar as brand recognition and visibility are concerned, it simply doesn’t get any bigger than the world’s most famous burger joint. You will need, however, a whopping half a million dollars in liquid assets to qualify, and a quarter of the initial investment of $1 million to $2.2 million is needed as a down-payment (in cash, no less). The investment or franchise fee will set you back another $45,000 – but so many have been successful with McDonald’s franchises that one must wonder at how profitable such a business will eventually become in the right location.
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