Are you the type of person who dreams about owning a business? Are you held back by the thought of building a brand from the ground up? If you answered yes to both of these questions, there is an obvious solution: become a franchise owner.
With this business strategy, you can take advantage of a variety of benefits:
- The ability to run your own business
- Brand recognition from day one
- Support of the franchisor
Now that you are excited about the prospect of becoming a franchise owner, there is one question you need to answer: which type of franchise is best for you?
With thousands of opportunities, you need to make a “short list” as soon as possible.
If you don’t know where to start, take a look below at the 10 fastest growing franchises of 2013.
The Top 10 Franchise Opportunities for 2013
Subway
- Category: sandwich shop
- Total Investment: starting at 85,700
- Franchise Fee: $15,000
- Ongoing Royalty Fee: 8 percent
- Term of Franchise Agreement: 20 years
Jan-Pro Franchising International Inc.
- Category: commercial cleaning
- Total Investment: starting at 3,145
- Franchise Fee: $2,800 – $44,000
- Ongoing Royalty Fee: 10 percent
- Term of Franchise Agreement: 10 years
7-Eleven Inc.
- Category: convenience store
- Total Investment: starting at $30,800
- Franchise Fee: $10,000 – $1,000,000
- Ongoing Royalty Fee: Varies
- Term of Franchise Agreement: 10 years
Vanguard Cleaning Systems
- Category: commercial cleaning
- Total Investment: starting at $9,850
- Franchise Fee: $8,550 – $32,130
- Ongoing Royalty Fee: 10 percent
- Term of Franchise Agreement: 10 years
Liberty Tax Service
- Category: tax preparation
- Total Investment: starting at $56,800
- Franchise Fee: $40,000
- Ongoing Royalty Fee: 14 percent
- Term of Franchise Agreement: Perpetual
Chester’s
- Category: chicken restaurant
- Total Investment: starting at $4,634
- Franchise Fee: $0 – $3,500
- Term of Franchise Agreement: 5 years
Jazzercise Inc.
- Category: exercise and dance fitness classes
- Total Investment: starting at $4,280
- Franchise Fee: $2,000
- Ongoing Royalty Fee: 20 percent
- Term of Franchise Agreement: 5 years
Jimmy John’s Gourmet Sandwich Shops
- Category: gourmet sandwiches
- Total Investment: starting at $300,500
- Franchise Fee: $35,000
- Ongoing Royalty Fee: 6 percent
- Term of Franchise Agreement: 10 years
Dunkin’ Donuts
- Category: doughnuts, coffee, and other related items
- Total Investment: starting at $310,250
- Franchise Fee: $40,000 – $80,000
- Ongoing Royalty Fee: 5.9 percent
Anago Cleaning Systems
- Category: commercial cleaning
- Total Investment: starting at $5,590
- Franchise Fee: $4,590 – $32,348
- Ongoing Royalty Fee: 10 percent
- Term of Franchise Agreement: 10 years
As the 10 fastest growing franchises of 2013, those who get involved with these companies in the near future will have a lot going for them.
In addition to a variety of industries, each company on this list sets its own total investment, franchise fee, royalty fee, and term of agreement.
As an interested franchisee, consider the industry, brand, and financial implications before making a final decision.
Disclaimer: All logos are trademark by their respective owners. We are in no way affiliated with any of these brands.
