What Are the Best Franchises To Invest In?

The best franchises to open in 2021 all boast strong profitability, streamlined operations and strong brand names, but not every franchise is right for every franchisee.

First, here are some of the franchises that consistently rank highest in metrics like revenue and growth potential:

• Startup costs: $1,300,000–$2,300,000

• Startup costs: $70,000–$1,200,000

• Startup costs: $384,000–$2,600,000

• Startup costs: $200,000–$1,700,000

• Startup costs: $138,000–$567,000

Notice something about these franchises? They’re all over the map. The best franchises to open include fast food, a coffee shop, a convenience store and a shipping store.

All of these franchises have a proven business model and thousands of profitable stores in operation. The best franchise for any individual franchisee will match their skills and interests.

Because franchisees need to dedicate lots of time to running a business, a franchisee has the best chance of success when they actually like dealing with the type of business they pick.

Additionally, individual franchisees need to consider their investment levels. Franchisees with less money upfront should go for lower-cost franchises while more experienced and better-capitalized franchisees can likely land a big-name brand.

Furthermore, the franchise has to have available territories near the franchisee candidate. With brands like McDonald’s or Dunkin', franchisees may find themselves commuting to a distant territory as their neighborhood has been taken.

In summary, the best franchise to open in 2021 will have a profitable, proven business model with a comfortable investment level and territory availability.

Of course, not every franchise entrepreneur can or should invest only in the behemoth brands listed above. Here are some of our favorite franchise brands to invest in this year:

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