Top 3 Most Profitable Franchises in the States
If you’re interested in running your own business, starting a franchise can be a great option. Instead of worrying about how to attract customers and build a brand that consumers will one day trust and recognize, a franchise lets you tap into the success of a business that already exists and has a track record for turning profits.
That being said, not every franchise is created equally, and some are far more lucrative than others. If you want to make six figures running a franchise, here are three of the most profitable US franchises to consider.
The UPS Store
Perhaps one of the most recognizable brands in the country, franchising The UPS Store is an excellent way to turn a hefty profit. For almost two decades, The UPS Store is consistently ranked as the top franchise in its industry according to Entrepreneur’s Top 500 list.
Thanks to state-of-the-art technology and a reputation as a trustworthy company, customers consistently choose The UPS Store for many of their mailing needs. Best of all, The UPS Store offers a wide range of discounts and benefits that make it more affordable to open your own franchise.
From financing options to discounts for veterans, The UPS Store has plenty going for it to make its franchising opportunities worthwhile. Top-performing UPS Store franchisees own upwards of $200,000 a year, making it an incredibly lucrative option if you’re driven to succeed.
In the United States, Orangetheory Fitness franchises have grown exponentially in recent years. One reason for this fitness center’s surge in popularity is that Americans have become much more interested in personal fitness over the past five years.
Thanks to social media sharing sites like Instagram, more and more people are seeing photos of all the fit choices their peers are making. As more pictures of healthy meals, protein shakes, or sweaty selfies circulate on social media, more and more people are seeking ways to get toned and healthy.
This, in turn, has spurred more interest in boutique fitness options like Orangetheory as people seek out personalized training, flexibility, and encouragement. Thanks to its membership model, profits at franchises can exceed a million dollars annually, giving franchisees plenty of profit to take home for themselves.
There are plenty of restaurant chains to consider when choosing a franchise. But one of the most promising newcomers to the franchise industry is Wingstop, which serves bone-in and boneless wings as well as french fries.
One smart move that the company made to increase its franchisee’s profitability was decreasing the cost of their wholesale stock options. At the same time, Wingstop continues to deliver impressive growth overall. Part of this is because franchisees are paying 30 percent less for the wings and sauces that they sell, a move which saw an immediate increase in profits overall.
As a company, Wingstop also continues to innovate rather than rest on its laurels. Coupling more delivery choices with specials on their wings on Mondays and Tuesdays, Wingstop can continually drive customers to its business, helping franchisees grow their profits each quarter.
There are hundreds of franchises to choose from when you’re interested in starting your own business. With so many options, it can be hard to decide which franchise makes the most financial sense for you. While industry should certainly be one aspect of your decision-making process, it’s also never a bad idea to make a choice based on how much money you’re hoping to earn each year.
Consider one of the above franchises, and you’ll be sure to make a good living as the owner and operator of your new business.