Most people are looking for a way to start their own business, but most fail. It’s not because they don’t have the skills or money; it’s usually because they haven’t found the right franchise to invest in. There are many franchises that can lead to success, and we’ve compiled three of our favorites here.
1) Subway Franchise
Everyone loves a good sandwich, and most people will agree that Subway makes some of the best. If you’re looking to get into business for yourself but don’t have enough capital on your own, this is one way to go. You’ll need around $116,000 in start-up costs, with most franchises coming in at approximately $315,000. You’ll also need to have an initial net worth of $80,000 and live within 50 miles of the location you wish to open up shop at.
2) Arby’s Restaurant Franchise
This franchise is most popular in the Midwest and South, but that doesn’t mean you can’t find success with it. You’ll need around $150,000 to start this business, up-most of which will go towards purchasing your land. The low cost means less risk for investors who may not have a lot of capital to invest in a new business.
3) Speedy Cash Franchise
Speedy Cash is most popular in the South and Southeast, so this franchise may be a great option for you if you live there already. This business requires little to no experience-you. Just need good credit and at least $15,000 available to start up with. The most important part of starting any business is having a solid business plan, and the most profitable franchises will help you with this step.
In conclusion, most profitable franchises are most likely to succeed out of any other business you might think about starting. If you want a franchise that will get your new business off on the right foot, the most profitable franchises are an excellent choice for success.