6 Essential Business Franchise Opportunities for Entrepreneurs

Whether you have years of business experience or are currently running multiple companies, another franchising opportunity doesn’t hurt. Buying a franchise means getting a stream of income from a turnkey business. Of course, selecting the right franchise business is vital for success. Some factors to consider are proven track record, growth opportunity, training support, and franchise costs. But don’t fret. We’ve selected these essential business franchise opportunities for you. 

1. Subway

With more than 42,000 global locations, Subway remains the most prominent sandwich franchise. The company has served healthy and delicious sandwiches for over 50 years. Flexibility is also Subway’s priority, giving business owners more freedom in choosing locations, business sizes, and models. 

Subway ensures a shorter development period, allowing franchisees to open faster. It also lets you go for multi-unit franchise opportunities, so you can expand locations in several territories. 

Estimated franchise investment: $182,000 to $510,000

2. 7-Eleven

When it comes to convenience store franchises, 7-Eleven emerges as the top with more than 70,000 locations worldwide. The company has been around, catering to different target audiences of all ages and nationalities, since 1927. This company is a legendary brand known as the largest store franchise, snagging a spot on the Top 10 franchisor list. 

7-Eleven is an essential business franchise opportunity if you’re looking for brand strength. The company has invested millions in state-of-the-art technology to help streamline operations and monitor inventory. This is also the franchise to buy if you’re looking for an internal program that offers up to 65 percent financing. 

Estimated franchise investment: $37,000 to $1,635,200

3. McDonald’s

Buying a fast food franchise is a lucrative business idea providing you with considerable sales. And McDonald’s is a household name in the fast food landscape. Buying a McDonald’s franchise is a once-in-a-lifetime opportunity, and you will be one of the tens of thousands of satisfied franchisees. 

McDonald’s proven system has been the company’s fuel for over 60 years. Their proven operating system provides franchisees with the highest standards and training excellence. The company’s values align with most consumers, including inclusion, service, family, integrity, and community. 

Estimated franchise investment: $1,314,500 to $2,306,500

4. The UPS Store

The UPS Store has been around shipping and printing since 1980. The company now has more than 5,000 locations worldwide and is a go-to choice for entrepreneurs looking for a retail-related business. The UPS Store has built a reputation as the world’s largest retail shipping, printing, and postal business franchise. They have been recognized by The Business Journals’ American Brand Excellence Awards as a top retail brand. 

One of the reasons why franchisees look into The UPS Store for a business opportunity is due to locally owned centers. This offers excellent benefits for local consumers, local business owners, and the communities nearby. You may also own more than one UPS Store branch if you’re aiming to expand your financial gains.

Estimated franchise investment: $80,357 to $508,472

5. Jiffy Lube

If you want to join the bandwagon in the automotive space, Jiffy Lube is the name people rely on. It has been around since 1979, with more than 2,000 locations worldwide. The company is deemed the number one quick lube chain nationwide. Customers rely on Jiffy Lube for their oil change service. 

Jiffy Lube promises a convenient and quick service, such as oil changes, battery maintenance, brake services, and more. The company also has a particular service center construction called Jiffy Lube Multicare®. Buying a Jiffy Lube franchise means you’ll get a wide vendor selection, an excellent point-of-sale system, an online communications portal, national advertising, marketing assets, and more. 

Estimated franchise investment: $232,000 to $442,650

6. Ace Hardware

If you want to get into retail, Ace Hardware is an essential business franchise opportunity. It has over 5,200 locations worldwide, offering a simple franchising application process. They conduct preview and qualification, do market research, proceed to new store application, store development, and finally, opening. The company also offers upfront incentives to kickstart your journey. 

Ace Hardware is proud to maintain net new store growth for 11 years in a row. Conversion results are also up by 20 percent as well as retail sales and gross margin. 

Estimated franchise investment: $292,000 to $1,624,230

Looking for a different franchising opportunity? Check out FranchiseHow’s website for more franchise businesses across all industries.