You’ve got your eye on a franchise, but which one should you buy? In this post, we take a look at five franchises that are likely to be the best in 2022 based on their rankings from Franchise Business Review in 2017. You can also read about another five franchises here and our full list of franchise opportunities here.
1. Restaurant Franchises
If you love to eat, owning a restaurant franchise may be right for you. Restaurant franchises have tons of opportunities to master your craft and learn from experts. However, buying a franchise can be expensive and challenging, so know what you’re getting into before buying into a local favorite. Some tips: start by doing research on franchises for sale in your area—there are plenty of established restaurants looking to expand that might be great fits for someone just starting out. Also keep in mind franchising is growing quickly and opportunities will only increase as more companies continue to open new units every year. Once you’ve decided which industry best fits your passions (foodie or entertainment), dive in and research potential brands with reputable track records before pursuing ownership in your chosen field.
2. Online Franchises
An online business is one of the most common types of franchises for sale. These businesses rely on an internet presence and strong online presence. Online franchises for sale are a great choice for entrepreneurs who want to start their own business but can’t afford to invest in expensive brick-and-mortar locations or storefronts. There are many options available, including domain name registration, ecommerce and marketplace sites, such as GoDaddy or Etsy, and lead generation services like Constant Contact.
3. B2B Franchises
If you’re looking to buy a franchise for sale, consider starting your search with a list of franchises for sale in business-to-business (B2B) categories. B2B franchises focus on selling products and services to other businesses rather than consumers. Examples of B2B franchises include accounting firms, marketing agencies, and education centers. If you’re looking to buy a franchise for sale, you may want to start your search with franchisors that specialize in building brands in business-to-business markets.
4. Tutoring Franchises
If you’re looking to buy a franchise, it makes sense to target ones that provide services in areas where they’re needed. You can maximize your chances of success and enjoy larger profits by buying tutoring franchises if you believe demand for such services will be strong as schools become more attentive to standardized testing. For example, check out Tutor Doctor—the company also sells its proprietary teaching methodologies and materials. According to their site, Many young children do not have access to quality learning programs on a daily basis. Do you agree? How might greater emphasis on tests impact learning?
5. Fitness Franchises
Fitness franchises for sale are incredibly popular right now. A number of top-rated options exist out there that appeal to a range of demographics and personality types, meaning there’s no excuse not to get in shape. For some, they want to lose weight or improve their health. Others want to set up shop as a local source of exercise knowledge and guidance. Either way, buying a franchise is an effective way to achieve your goals quickly—and you’ll have plenty of help along the way too. Your franchisor will be responsible for growing your business by providing marketing support, sales training, financial backing, product development assistance and more. That kind of one-stop support can really help new business owners reach their goals more efficiently than trying to do it all on their own.
