If you want to work for yourself without working completely on your own, you might be interested in the most profitable franchises to buy in 2017.
Franchises are a pretty lucrative way to make money. You pretty much own your own business without the faff of coming up with your own concept. You own a branch of an already profitable company and try to make more money for yourself and the franchise itself. I remember one time Domino’s messed up my order and when I tried to contact Domino’s via Twitter they told me that they couldn’t do anything about it because the specific location that gave me issues was a franchise, which means I would’ve had to contact that store’s owner directly to address the problems. I eventually gave up and decided it wasn’t worth it, but that gives you an idea of the separation of power within franchise ownership.
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I don’t think I’d ever want to own a franchise, despite the fact that it’s made a lot of money consistently. You can also see if any of the franchises on this list are on our previous list of the most profitable franchises to buy in 2016. Companies often charge franchise fees, so this does require a bit of investment and you also have to keep in mind paying for real estate and maintaining the property. These fees can often hinder how much a franchise owner takes home at the end of the day, but if the franchises are profitable, it should help alleviate that a bit.
In order to create this list of most profitable franchises to buy in 2017, we took a look at Entrepreneur, which published some data about profitable franchises. This took into consideration the startup costs, how profitable the business itself is, size, growth, support, and brand strength. We used their list and provided the startup costs. The most profitable franchises often require a higher startup cost, but you can almost guarantee it’ll be a lucrative business opportunity.
Without further ado, let’s take a look at the most profitable franchises to buy in 2017.
15. Firehouse Subs
Startup Cost: $124,678 – $1,263,115
Firehouse Subs is a great fast casual restaurant. The founders were brothers and firefighters. It’s become extremely popular and it’s a great sandwich spot.
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14. Anytime Fitness
Startup Cost: $80,020 – $490,100
The fitness industry has seen a tremendous boost in sales as people are more and more dedicated to living a healthy lifestyle. Gyms are always a great business option.
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13. Supercuts
Startup Cost: $144,400 – $293,800
Supercuts began as a humble, small hair cutting saloon in Albany, California. This franchise competes with both fancy hair salons and neighborhood barbershops. Supercuts also offers customized services and accepts walk-in visits.
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12. Taco Bell
Startup Cost: $1,177,300 – $2,620,600
Taco Bell is my favorite spot to go when I’m hungry and just want a boring quesadilla. It’s not traditional or authentic Mexican food by any means, but it’s highly profitable. Taco Bell is a subsidiary brand of Yum!, which also owns brands like KFC and Pizza Hut.
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11. Kumon Math & Reading Centers
Startup Cost: $69,428 – $140,626
A math teacher named Toru Kumon invented the Kumon Match technique to aid his struggling son with math problems. The results were spectacular, and within a few years he was able to handle complex equations in the sixth grade. These math and reading centers were formed after people became more and more interested in this method.
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10. RE/MAX LLC
Startup Cost: $37,500 – $224,000
Financial experts consider the real estate business a risk-free business. RE/MAX is a global network of almost 100,000 real estate agents across 95 countries. Dave and Gail Liniger founded this company based on a highly agent-centric policy and they believed that if commission is high enough, agents will pull off impossible deals. It turns out they were right.
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9. Sport Clips
Startup Cost: $183,300 – $351,500
Sport Clips is a men’s exclusive hair salon chair. The founder, Gordon Logan, recognized a huge market of sports-minded men who were underserved, so he came up with this profitable idea.
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8. Wingstop Restaurants Inc
Startup Cost: $303,176 – $922,930
Wingstop doesn’t have the best wings, in my opinion, but their fries are incredible. This restaurant chain began in 1994 by Antonio Swad. He began franchising within four years.
7. Ace Hardware Corp.
Startup Cost: $272,500 – $1,561,500
Richard Hesse, E. Gunnard Lindquist, Franke Burke, and Oscar Fisher were four hardware store owners who decided to band together in 1924 to compete with bigger stores. The chain shop now is spread across seven countries.
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6. Dairy Queen
Startup Cost: $361,450 – $1,835,825
This company began as an innovative ice cream venture back in 1940. Since its inception, it’s undergone many changes to become even more popular. It offers a wide variety of food, drinks, ice cream, and more. Because of its popularity and profit, it’s one of the most profitable franchises to buy in 2017.
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5. Jimmy John’s Gourmet Sandwiches
Startup Cost: $325,500 – $555,000
James J. Liautaud founded this sandwich shop when he was 19. He started it using a few used equipment items, a refrigerator, one meat slicer, a freezer, and an oven. His sandwiches became a sensation in his college town of Charleston, Illinois.
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4. The UPS Store
Startup Cost: $159,224 – $434,521
UPS began its journey as Mail Boxes Etc. and the initial idea behind it was that it would offer improvements and other services not provided by USPS. It provides service throughout the US and Canada.
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3. Dunkin’ Donuts
Startup Cost: $228,621 – $1,692,314
Dunkin’ Donuts is an all-inclusive doughnut shop that serves over 70 types of doughnuts and bagels. You can find locations in 32 countries.
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2. McDonald’s
Startup Cost: $1,003,000 – $2,228,000
McDonald’s has become an internationally recognized symbol for over 60 years. There are a ton of locations worldwide and it’s a very profitable franchise.
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1. 7-Eleven Inc.
Startup Cost: $37,200 – $1,635,200
7-Eleven is a convenience store chain that has thousands of branches all around the world. It’s highly likely that you’ve been in one at least once or twice in your life, and they’re open 24/7.
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This concludes our list of the most profitable franchises to buy in 2017. If you’re looking to make some more money and enter a new business field, you should consider one of these options.
