Ready to start raking in the dough?
9 Best Franchises to Own in 2024
Buying a profitable franchise is a great way to take on less risk as an entrepreneur. When you buy into a well-proven business model, you reap the rewards of high success rates and low risk with the right decision. Investing in the best franchises to own will help you pay off your loans and give you the opportunity to enjoy yourself.
Investors often use a 7%-10% ROI barometer to see if investment are passive or active. What if you’re offered a business opportunity with more than 15% ROI? An investment opportunity where your money works for you. This is desirable and may be worth the investment.
Yes, the best franchises to own offer that kind of return on your investment!
Profitable deals usually mean you’re getting more for less. There are many franchise opportunities in the U.S. that you can invest in for as little as $100K and those that are mature and cost more than $2 million to start. As a franchise owner, you will get in return well-built marketing and management, quality yet affordable products and services to sell, support from the franchisor, a proven business model, and even sustainable and consistent income of more than $250,000.
The reasons to invest in a profitable franchising business are numerous, but the goal is always the same: riches. The best way to do this is to invest in a brand before it’s a huge success. All the famous brands started with a single location, and the trick is to get in early. This can be hard on your own, but Fransmart specializes in finding the next big thing. We are the company that helped bring Five Guys and The Halal Guys into the world of franchising.
We are swift in identifying the industry’s latest trends and opportunities, and only work with the right parent companies with the most potential for profits and brand recognition. The key to running a profitable franchise is to have a tech-driven company, with less human intervention and serving something completely different. This will bring success by all means according to our research. Here are the best franchises to own if you’re looking to maximize profits in 2024.
1. Taffer’s: Once in a Lifetime Opportunity
Starting a Taffer’s Tavern restaurant and bar with low start-up costs and minimal staff is a once-in-a-lifetime business opportunity. Nothing can go wrong when you have Jon Taffer, Bar Rescue star and award-winning hospitality mogul, guiding your journey. Robotic, Vacuum sealed cooking, crafted food, drinks, and a rich ambiance all guarantee a unique experience for you and your customers. The franchise model utilizes all economies and provides successful and sustainable opportunities to own.
Investment Costs
| Start-up Costs (Multi-unit Operator Agreement for Five Restaurants) | $1,577,000 – $2,835,000 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $50,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Full franchise fee for 1-3 units (or 1-5 for 10+ units), 50% deposit each additional unit |
Franchise with Taffer’s Tavern Today.
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
2. PayMore: Fastest Growing Electronic Franchise in The U.S.
People looking for a non-food business opportunity might be interested in a PayMore franchise. By leveraging on the boom of used gadgets and the recession-resistant nature of the industry. It is already a coast to coast franchise with over 225 units in development and counting.
The unique and successful franchise business model combines multiple high-growth industries’ revenue streams with personalized support and digital software tools to grow the customer base and scale small businesses.
Investment Costs
| Start-up Costs | $239,250 – $362,500 |
| Royalties | The greater of 5% of the Gross Sales or $1,000 per calendar month |
| Franchise Fee | $35,000 |
| World-wide Creative Fund | 1% of Gross Sales |
| Local Store Marketing | 2% of Gross Sales |
| Multi-Unit Development Fee | 100% of the initial franchise fee for first three stores, plus deposit of 50% of the initial franchise fee for each additional store |
| Technology Fee | 1% of Gross Sales |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
3. The Halal Guys: Fastest Growing American Halal Franchise Opportunity
Halal Guys have a cult-like following, and it’s no wonder they’re expanding so quickly.
We are proud to be part of the fastest-growing franchise in the U.S. Halal Guys serving authentic Mediterranean food in the United States. We started only with four restaurants, and now we have more than 400 outlets, and not a single franchise owner has complained! We cannot take entire credit for Halal Guys 100x growth rate but instead accolade franchisors for serving such fresh-tasting food at every location.
Halal Guys convenience model has allowed the company to see sustained growth and the concept is being franchised worldwide with over 100 locations open and operating!
Investment Costs (Domestic)
| Start-up Costs (Multi-unit) | $542,025 – $1,459,425 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $60,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Full franchise fee 1st unit, 50% deposit each additional unit |
Investment Costs (International)
| Start-up Costs (Multi-unit) | $542,025 – $1,459,425 (USD* Can vary by International Territory) |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $65,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | $650,000 international fee paid upfront ($65,000 per unit, 10 unit minimum required) |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
4. Brooklyn Dumpling Shop: Tech-Forward And Industry Changing Franchise
It’s time to adapt to the new changes in the QSR business model. Generation Z is now the largest living population, and they are leading the charge in disrupting the way we think about food. Fast food needs to be prepared fast, served quickly, with minimum touch.
Want to have one of the best businesses in the U.S. market? Brooklyn Dumpling Shop is America’s Hottest Startup offering multi-bagger opportunities. Every franchise outlet has an automated contactless kiosk that enables people to enjoy authentic dumplings without waiting. It can deliver hot fresh dumplings any time of day.
New franchises such as Dumpling Shop are eating up old franchise markets. Brooklyn Dumpling Shop has affordable start-up costs, and a growing customer segment to their advantage.
Time is money for many in the U.S. This fast-casual franchise saves both time and money for their franchisees and customers—this restaurant curbs preferred franchise partner dissatisfaction from smooth operations to multiple revenue-generating services.
Investment Costs
| Start-up Costs (Multi-unit) | $508,278 – $856,778 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $45,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Full $45,000 franchise fee 1-3 units (or 1-5 for 10+ units), 50% deposit each additional unit. |
Ready to become a successful franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
5. Curry Up Now: Hottest selling Indian Food Franchise Opportunity
As we enter 2024, we have a fantastic franchise opportunity with low start-up costs and a high success rate.
As a fast-casual food franchise owner, you have a rare opportunity to meet the demands of the ever-expanding Indian and Asian populations. Show them what they want – authentic street food, vegetarian, and nonvegetarian dishes. And give them what they need: traditional Indian spices and flavors served with speed and care.
Curry Up Now is a lucrative Indian franchise opportunity that can help you capitalize on this growing segment. If you are looking for a place that can serve authentic Indian cuisine in a fast casual setting, you’ve found it!
Curry up Now is among the few restaurants that qualify to be authentic in Indian cuisine. It requires reasonable initial investment and liquid capital to become a franchise owner of Curry Up Now. However, you get continuous support from franchisors. In addition, it’s easy to get started, and the operations are simple to make your franchise work successfully.
Investment Costs
| Start-up Costs | $416,450 – $1,779,750 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $35,000 |
| World-wide Creative Fund | 3% of Gross Sales |
| Local Store Marketing | 1st Restaurant: $1,5000/month for the initial 6 months of operations |
| Multi-Unit Devlopment Fee | Full Fee 1-3 units (or 1-5 for 10+ units), 50% deposit each additional unit |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
6. Rise: Low Cost, Tech-Forward Franchise With A Take-Out Ready Business Model
Rise Biscuit Chicken franchise only requires 1200 square feet of room needed for this restaurant, the Rise biscuits franchise has been a low-cost business investment in recent times. The other thing favoring the opportunity is being in the chicken franchise segment, which never gets sluggish. The righteous chicken served at Rise is unique and has its own customer segment.
Rise Franchises operating in California, Tennessee, Maryland, and other regions have got the automate kiosk installed and now experiencing better and smooth operation without a cashier. Also, the Rise franchisor promotes a healthy work-life balance with flexible timings. Its franchise can be easily replicated in any city or town and enjoy a booming customer base. Buying this franchise is an opportunity too good to pass up.
Investment Costs
| Start-up Costs | $415,100 – $743,600 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $35,000 |
| Brand Fund Contribution | 2% of Gross Sales |
| Local Store Marketing | Minimum of 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Minimum 5-Units, Full fees for units 1-3, 50% deposit for each additional unit |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
7. Jars: High-Profit Margin Fast-Casual Dessert Concept
This newly launched US-based franchise opportunity for sale is a cash cow! Guests are happy because they get exotic desserts at the best prices, and business owners are becoming wealthy because of the high-profit margins.
Frozen dessert sales are quickly on the rise, and we’ll be seeing Celebrity Chef Fabio Viviani-endorsed desserts on every shelf. The Italian Tiramisu and “Gooey Butter Cake are already dominating the frozen dessert market, which means they can be expected to be high in demand.
This restaurant concept is a cinch to clone and execute. It needs a minimal cooking technique and a limited number of actions to serve food. JARS doesn’t require an elevated chef or a full kitchen buildout. 90% of the desserts and bases are prepared offsite and shipped frozen or refrigerated. This technique produces impossible results to achieve through any other organizational method. It ensures quality, safety, and consistency in each jar, no matter which JARS location you visit.
Investment Costs
| Start-up Costs | $316,000 – $760,100 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $35,000 |
| World Wide Creative Fund | Up to 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | 100% of the initial franchise fee for first three restaurants, plus deposit of 50% of the initial franchise fee for each additional restaurant |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
8. Ike’s Love & Sandwiches
Ike’s Love & Sandwiches is a national sensation! They offer an impeccable guest experience, a loyal customer base including “celebrities,” and they have low start-up costs. Ike’s Love & Sandwiches can easily win the name to be the best sandwich franchise in the U.S.
They make inexpensive conversions and are loved by the foodie-inclined to soft Dutch crunch, French, sourdough, whole wheat, or gluten-free rolls. Perfect franchise to own for large territories and small footprint spaces.
Are you ready to operate large, multi-unit territories of fast-casual food? If so, this opportunity is your ticket in.
Investment Costs
| Start-up Costs | $381,800 – $854,000 |
| Royalties | 8% of Gross Sales |
| Franchise Fee | $80,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Full Franchise Fee for 1-3 units (or units 1-5 if reserving 10 or more), 50% deposit each additional unit |
Ready To Become a Successful Franchisee?
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
9. GLO30
GLO30 is a subscription-based facial skincare brand that has already taken the Washington DC area by storm. With 3 open locations and 2 in the works, residents are flocking to the unique concept for custom facial treatments in a comfortable, relaxing environment. These are just some of the reasons they were handpicked by Amazon to open a location in their Northern Virginia headquarters in 2023.
Founded by Dr. Arleen Lamba, the business was designed to be easy to run and a profitable in a small square footage space. The subscription model ensures that franchisees are making money while they sleep, bringing in dollars from a devoted customer base that keeps coming back for their custom facial treatments. Proprietary AI technology allows GLO30 staff to scan a customer’s face and develop a custom plan based on location, season, skin type and a variety of other factors. There’s no other brand in the skincare space offering this kind of custom, focused care. Don’t wait – territories will go fast for this brand that’s just started franchising. The time is now to get in on the ground floor of the next big thing in skincare.
Investment Costs
| Start-up Costs | $221,500 – $579,000 |
| Royalties | 6% of Gross Sales |
| Franchise Fee | $35,000 |
| World-wide Creative Fund | 2% of Gross Sales |
| Local Store Marketing | 1% of Gross Sales |
| Multi-Unit Devlopment Fee | Minimum 3 Units; full fees for units 1-3; 50% deposit for each additional unit. |
Let’s Get GLO-ing!
Whether you are ready to invest or just getting started, take the next step with us. We will guide you along your franchising journey.
Conclusion
Fast-casual franchise opportunities are often more profitable than other types of franchising concepts. The benefits of starting a fast-casual franchise are numerous. While the initial startup costs and franchise fees can be moderate, fast casuals can be profitable by focusing on one menu and high-quality products.
Starting a fast-casual franchise can bring the stability of working within a proven brand system while also offering the opportunity to own your own business. In addition to financial benefits, the work/life balance of any prospective franchisee is typically high compared to other entrepreneurial endeavors.
Your Franchise Journey Starts Here
Whether you’re playing the field or already have one of our high-achieving brands in mind, Fransmart is ready to put you on the right path to building franchise wealth.