In this article, we will take a look at the 5 best franchises to own in 2024. If you want to read our detailed analysis, you can go directly to 15 Best Franchises To Own in 2024.
5. Dunkin’ Donuts
Number of Mentions: 4
Number of Restaurants: 13,200
Dunkin’ Donuts LLC, also known as Dunkin’, is one of the best franchises to own in 2024. The coffee and doughnut multinational is based in Massachusetts, United States. The franchise fee ranges from $40,000 to $90,000. A franchisee interested in taking the opportunity must have a net worth of at least $500,000. 5.9% is paid to Dunkin’ in royalties followed by a 5% advertising fee. The company is a well known name in the industry and provides comprehensive training to its franchisees. The franchise has more than 13,200 restaurants across 40 countries.
4. Taco Bell
Number of Mentions: 4
Total System Sales (2022): $14.65 Billion
Taco Bell, a subsidiary of Yum! Brands, Inc. (NYSE:YUM), is one of the best franchises to own in 2024. The initial franchise fee may range from $25,000 to $45,000. Additional costs include real property costs, building construction costs, initial inventory costs, first unit construction services costs, grand opening expenses, and additional funds for the next 3 months. Taco Bell has more than 350 franchise organizations with over 8,200 restaurants serving over 42 million customers every week. Total system sales for Taco Bell in 2022 amounted to $14.65 billion.
3. The UPS Store
Number of Mentions: 5
Number of Franchise Locations: 5,000
The UPS Store, a subsidiary of United Parcel Service, Inc. (NYSE:UPS), ranks among the best franchises to own in 2024. The UPS Store provides a range of services including shipping, shredding, printing, fax, passport, photos, personal, and business mailboxes. To open a franchise, the franchisee must have at least $75,000 in liquid capital which may be a combination of cash, bonds, stocks, and mutual funds. Startup franchise costs may range from almost $247,306 to $476,993 for traditional locations, $218,128 to $419,226 for rural locations, and $101,818 to $310,779 for in-store locations.
2. 7-Eleven
Number of Mentions: 5
Estimated Number of Franchise Locations: 77,000
7-Eleven, Inc., a subsidiary of Seven & i Holdings Co., Ltd. (OTC:SVNDY) is among the best franchises to own in 2024. The convenience store chain is based in the United States, while its parent company is based in Japan. The franchise fee and training expenses vary by store. However, the downpayment on the opening inventory amounts to almost $20,000 followed by $10,000 for supplies. The company pays for the property or building acquisition, advertising, product development, building maintenance, replacement, and utilities including electricity, gas, and water.
1. McDonald’s Corporation (NYSE:MCD)
Number of Mentions: 5
Market Capitalization as of December 22, 2023: $211.58 Billion
According to our methodology, McDonald’s Corporation (NYSE:MCD) ranks among the best franchises to open in 2024. The company has a thorough 5 stage selection process to apply, which includes an application, followed by a phone interview, a panel interview, asset verification, and a thorough review of legal documents. The global image of the franchise makes it one of the most profitable franchise opportunities to own in 2024. The initial franchise fee may range from $0 to $45,000.
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