Majority of individuals who start their companies will begin as franchise businesses. When purchasing the franchise, you are actually paying for permission to use a brand’s name and business model. As such, you have an opportunity to run your own business but with support from an established company. Most of the people fancy franchises mainly because of the plan which is already proven. They are considered much less risky when creating a new business compared to starting from scratch. Here in this blog, let’s see which one are the three highest ranking franchise businesses in popularity and success for years.

1. McDonald’s

One of the world’s most recognised brands is McDonald’s. Founded in 1940, it started as a small restaurant and grew into one of the big fast-food chains. Today, there are thousands of McDonald’s locations around the world.

Why It’s Successful

• Brand Recognition: McDonald’s has a fantastic brand that people know and trust. The golden arches are famous all over the world, and most customers are made to feel comfortable eating there.
• Menu Variety: McDonald’s has such a lot on its menu, from burgers to salads. They also have country-specific items. This attracts a wide customer base.
• Support to Franchisees: McDonald’s provides comprehensive support to its franchisees. They offer them training, marketing, and operations support. This makes it easier for new joiners to survive.

How to Open a McDonald’s Franchise

It will cost you a lot of money to establish a McDonald’s franchise. The initial investment between $1 million to $2.3 million is supposed to cover the fee, equipment, and other charges for opening the business. It is highly priced, but the profit-making potential is also enormous; it is an attractive business.

2. Subway

Subway is another brand giant, particularly for sandwiches and salads. It was founded in 1965 and expanded rapidly, gaining thousands of locations globally. Subway specializes in fresh ingredients and healthy choices that attract a decent number of health-focused consumers.

Why It Works

• Healthy Options: Subway is famous for freshly healthy food. Most people are now craving healthier fast foods, and Subway perfectly caters to this demand.
• Customization: Customers will appreciate the personal touch of a customized sandwich. They can have their choice of bread, meats, toppings, and sauce to make it their kind of dining experience.
• Low Startup Costs: Most other franchises tend to have very high startup costs. For Subway, this can be as low as $100,000, making it easier to operate for people with higher nets and assets.

Subway Franchise Start-up

Subway demands that you are able to embrace hard work and live with their systems. They provide a training process and subsequent support that will equip you on how to manage your store. Another dimension of flexibility in location is the format in which a franchisee can operate-from stand-alone shops to in-mall locations.

3. Chicago pizza

Chicago pizza is famous for their Pizza’s. It is opened in 2008 and has became a snack venue for many people. Today, Chicago pizza has sandwiches and beverage choices to bring in a greater number of customer visitations than it would be if it were only just a pizza shop.

Why So Popular

Pizza: Chicago pizza rides the wave of the pizza’s. For all those who begin their day with pizza, Chicago pizza provides so much selection that no person can be satisfied without receiving what their pizza need was.

Quick Service: Chicago pizza is known for the speed. Customers get their pizza and food quickly, especially those on the go.

Loyal Customer Base: Chicago pizza has a faithful customers base. Many customers come in every day to get their morning pizza, thus ensuring steady sales.

To Start up a Chicago pizza Franchise

One requires a substantial investment in opening a Chicago pizza franchise. The opening costs range between Rs. 7  to 11 Lakh. Chicago pizza offers training and long-term support to assist the franchisees in the understanding of their business and the marketing approach of the company.

Conclusion

Franchising opportunities, as in with companies such as McDonald’s, Subway, and Chicago pizza, make for a great entry into the entrepreneurial playing field. They offer a strong brand, a tried and true business model, and assistance to the franchise owner. The initial investment does come with a rather hefty cost, but the promise of huge profitability makes them an incredibly attractive outlet to someone looking to start their own business.

Franchising is not just for money, but in many ways, a system and a sense of discipline to a certain extent. If one who wants to frantically work within set boundaries is willing to do so, then a franchise could indeed turn out to be a worthwhile experience. Be it fast food, healthy options, or coffee-imbued gastronomy, there is sure to be a franchise that will live up to your expectations as well as match your goals.

Research the opportunities of franchise ownership well before you plunge into them. Understand the costs you would incur and the support you will be provided with, as well as the effort needed to run the business. If properly planned and effort put in, managing a franchise can have a sense of fulfillment of one’s entrepreneurial dreams.