The Top 10 Franchises
According to the Small Business Association, franchises account for 35% of all business transactions in the country. So when you are part of the franchising business, you can take great pride in being part of the economic engine that drives the country’s growth. The Franchise 500 is a list of the best franchises operating in the United States. If you’re considering a franchise opportunity, then this is a valuable resource.
The #1 franchise in America is the 7-Eleven chain, which grew from a small Dallas, Texas convenience store in 1927, into a massive chain of franchises in 1964. Today, there are 5,580 American stores and 25,062 international locations serving more than 6 million customers. There are twenty-six states from New York to California looking for new franchise owners to add to their pool of 30,642 operators. What makes a franchise so profitable is its ability to grow and adapt over time, offering new products, as well as the franchisor attitude that says “Our franchisee’s success is our success.”
Seven out of ten franchises are fast food franchises. Subway comes in at #2 after fifteen years at #1. This year, the healthy sub shop (with startup costs from $76,100 to $227,800) has grown to 28,000 franchised stores worldwide. The 5,451 US Dunkin Donut franchises have been in the top 10 since 2004, with its fair trade espressos, cappuccinos and breakfast items. Pizza Hut comes in at #4, with 9,881 restaurant franchises and startup costs from $1.1 to $1.7 million. McDonald’s has made the top spot eight times and the top 10 twenty-seven times. To open a McDonald’s franchise, it will require $506,000 to $1.6 million in startup costs. Sonic Drive In Restaurants, KFC, InterContinental Hotels Group, Domino’s Pizza and ReMax Realty are also in the top 10.
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