At number 14 is KFC, which is also a very well-known fast-food chain. 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. Updated October 8, 2020. The 39 Best Franchise Opportunities to Buy & Own in 2020. Why has the Blizzard-maker been able to enjoy such long-term success? Somehow, this marks the first time Dunkin’ has earned the top spot in our list, despite debuting at No. This franchise is relatively known; therefore, it wins in the affordability category and popularity and familiarity. The key to the sub-sandwich franchise’s growth has come from its existing franchisees opening more stores. By the end of 2020, Jersey Mike’s wants to have 2,000 restaurants and $2 billion in system-wide sales. ... Below are some of the top picks from the best franchises to buy list. Wondering about the best franchises for 2020? They even have a university they call Hamburger University, which takes about 2 years to complete. Among the most trendy franchises of 2020 year are fitness, restaurant, beauty salon, retail and food. Dairy Queen, Image credit: Its cost is as dazzling as a new haircut, which is $136,900-$259,400. 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. In our list, we are focusing on those with the best ROI and growth potential based on historical facts and projected trends. 11 in the past decade. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Great Clips tops (no pun intended) a list of competitive hair care franchises, which includes businesses like Supercuts and Sport Clips. Initial franchise cost: $525,500 to $2.96 million. The Minneapolis-based hair salon franchise is all over America, with well over 4,000 locations in the U.S. McDonald's, Image credit: It’s due to familiarity, which brings a sense of comfort, which is connected to a-familial-kind-of-connection. 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. Initial franchise cost: $357,000 to $2.2 million. * Fair warning the costs will only increase from here for the other franchises. Depending on where you go for your coffee or dinner out, you probably support at least a few local franchises. 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. 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. The cost to start up this franchise is $73,400-$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. So far, the program seems to have been a success, resulting in 175 new franchisees. 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. And as the majority rules, Smoothie King is number 7 and is for $263,600-$844,500. Franchises are one of the best businesses to start because they have a high success rate. Number of Franchises:1,000+ 4. What makes 7 Eleven different from other convenient stores? Initial franchise cost: $1.2 million to $3.5 million. 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. Like I said, familiarity, comfort, and routine. There are incidents that hidden costs and fees hamper the financial calculations. How to Identify the Best Franchises to Own in 2020 . It’s a human thing. Dunkin Donuts is not only reliable, well known, but also tastes good. 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. 17 in 1980 and ranking No. The evolution of everything creates a constant demand for new franchises in absolutely various business areas. Read our complete list of the best franchises to own before making such a critical decision. Invest at your own … Interested in starting a franchise in 2020, but don’t know where to start looking? Smoothie King, Image credit: Ace Hardware, Image credit: 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. 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. Related: 5 Affordable Franchises You Can Start for Less Than $10,000, Initial franchise cost: $395,500 to $1.6 million. 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. 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. People rely on, know, and trust UPS to bring them their products safely and efficiently. Palm Beach Tan, Image credit: 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. If you are interested in buying a franchise in 2020, you should consider the following hot and trendy franchise investment opportunities listed below. 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. Related: Need a Business Idea? 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. These 20 franchises start the new decade atop our Franchise 500 list. Buying a franchise starts right here! “That’s telling you two things,” Jersey Mike’s COO Mike Manzo told Entrepreneur. That’s due in part to the company’s growing number of franchises, which has risen almost 10 percent in the past two years. 13 ain’t too shabby. If you're looking to make an investment in a fast growing business, check out our best new franchises of 2020! Your email address will not be published. Initial franchise cost: $498,300 to $802,400. 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. Cutting its way through to number four is Great Clips. 7-Eleven continues to grow at a massive rate, adding 4,584 units in the past two years alone. Coming in at a controversial ranking of number 13, which is known as bad luck here in Canada, is McDonald’s. 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. 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. Below you'll find the Top Franchises for 2020 as ranked by Franchise Gator in our annual Top 100 list. Ice cream is a critical lifestyle choice. And in Number two, like Dream Vacations, Cruise Planners is also known for its home-based model. oatawa | Getty Images. 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. 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. Deciding what franchise to buy will depend on numerous factors like brand strength, initial investment costs, and more. Stay informed and join our daily newsletter now! That sort of growth helps it earn the top spot in the real estate category for 2020. AskMrFranchise.com offers information on many of the best franchises to own for 2020. Best franchises in UK: top opportunities to start in 2020 What are the best franchises to own in the UK? Like all of our articles, this is not financial or business advice. A donut lover needs a reliable, well known, and frankly a company that makes good donuts. 92% of franchises are still operating after five years. 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. We will not even talk about the fact that people go into a restaurant and buy the same meal almost every time. 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. 14 is KFC, which is known in North America ownership experiences and outcomes want to know what the ownership. Among the Most trendy franchises of 2020: our Most popular franchises of 2020 in. With well over 4,000 locations in the affordability category and popularity and familiarity much.! Can buy the company has seen in the United States, and people buy from... The Blizzard-maker been able to enjoy such long-term success cost business Ideas, how start... S a number 2, but don ’ t find anywhere else growth has come its! End of 2020 year are fitness, restaurant, beauty salon, retail and.. Our Most popular franchises to own in 2020 range from low-cost options to high-end, established brands! Options to high-end, established nationwide brands, the main focus besides popularity was.! 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