What are today’s most profitable franchises?
If you haven’t reviewed Entrepreneur’s Franchise 500, now’s the time to study up. Franchise trends tell you what businesses are taking off and how they’re staying successful.
Here’s what you can learn from some of the best.
Hampton Hotels has topped Entrepreneur’s list four times in the past five years. The company is fueled by providing unbeatable service, but the organization’s winning strategy is moving into more international markets. The franchise plans to open 400 locations in China in the coming years.
Subway took third place using a similar strategy. There are restaurants in 107 countries across the world, and the business continues to expand internationally after saturating the U.S. with locations.
Between those two top dogs is Anytime Fitness, a gym that thrives off of providing incredibly affordable startup and royalty fees. Franchisees can open a location for as low as $85,000 and royalties cost a flat rate of just $549 per month.
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