Brick-and-Mortar Franchises to Consider for 2024

Brick-and-mortar concepts may have a higher initial investment, given the real estate requirements, but this investment often pays off in the long run. The benefits to owning a physical store location are many.

Firstly, the customer service experience of browsing and receiving guidance is usually a positive one, and the human connection in those moments cannot be replicated online. In addition, brick-and-mortar franchises typically have all the benefits of online businesses, as they can also have a website, app or social media presence that adds to their physical presence. Finally, investing in real estate provides another valuable asset on top of the business itself.

These 10 concepts are among some of the most lucrative brick-and-mortar franchises in the market.

Brooklyn Dumpling Shop

Initial Investment: $293,000 to $649,500

This restaurant is completely contactless, using an innovative approach where consumers order via an app and the food (primarily dumplings and spring rolls) is placed in electronic lockers that are automatically unlocked upon pickup. The convenience of this new, modern concept is sure to appeal to the masses.

Workout Anytime

Initial Investment: $784,950 to $2,073,050

COVID taught us the importance of keeping healthy and the fitness industry has reaped the benefits of this new education. Workout Anytime offers affordable membership fees and a wide variety of fitness equipment, making it a very popular concept.

Big Chicken

Initial Investment: $450,000 to $1,400,000 million

Owned by Shaq, the franchise king, this brand is destined for success. The chicken industry is booming and well positioned for continued growth. This brand is just getting started, making now a great time to invest.

Dunkin’

Initial Investment: $121,400 to $1,787,700

They say America runs on Dunkin’ and that seems to be true with over 9,000 locations across the country. The products are more affordable than Starbucks and the brand recognition is just as strong.

Initial Investment: $112,860-$149,155

School closures during the pandemic left families seeking supplemental education for their children and the industry has continued to grow in the years after. This math tutoring franchise provides students with individualized support and helps them restore a positive relationship with education.

D1 Training

Initial Investment: $223,560 to $692,350

D1 Training has all the equipment of a big box-style gym but provides a much more tailored approach to workouts, with a team of coaches and experts leading clients through regimens focused on cardio and strength training. Many staff and owners were D1 athletes themselves.

Tint World

Initial Investment: $179,500 to $259,500

Tint World offers a variety of automotive services such as window tinting, car audio/video, auto security, styling accessories, auto detailing and reconditioning services. Window tinting and other car cleaning and styling services have been popular for years and show no signs of slowing down.

Crumbl Cookies

Initial Investment: $347,666 to $691,783

Crumbl Cookies has taken social media by storm with clever marketing techniques, such as unveiling rotating flavors one week at a time. The gourmet cookie concept has a modern approach that is working; the brand just keeps growing.

7-Eleven

Initial Investment: $53,600 to $1,163,000

The convenience of a 7-Eleven is hard to beat. The brand recognition is high and the products offered to consumers are many and varied. The brand offers three different business model options to prospective franchisees looking for flexibility.

Rise

Initial Investment: $415,100 to $743,600

Rise franchise locations only require 1,200 square feet, so although it is a brick-and-mortar concept, it is relatively inexpensive compared to other brands. The brand is situated in the ever-popular chicken segment, making it well-positioned for continued growth and high profit.

Within the world of brick-and-mortar franchises, there are a number of industries to choose from. These 10 concepts are primed for continued growth, but which industry do you prefer?