Starting a business is no easy task, trying to make it profitable and all other challenges that comes is pretty much exhausting. It is a big miracle that most people are able to keep a business afloat because so many hardly survive. But for others, a franchise is the only way to stay afloat and not sink.
The cost of franchise varies. It ranges from millions to thousands of dollars in ongoing operational costs and your initial investment, but it all depends on how complete the business package is or how big and strong the company is, and also on the industry as well. Before deciding on which franchise to invest in, you first need to know if you have the required capital to buy in or just go for a business loan. This is the time a lot of crunching numbers takes place.
So how to choose the right franchise aside knowing if you have the necessary funds? Carry out research, because knowledge is power. Let's now look at some of the top franchises that are most likely to outshine in high growth for 2017.
Top Franchises for 2017
Agreed, Subway has been around for quite a long time but there are now a couple of health categories included in their menu and they're here to stay. Imagine whole wheat sandwich or salad hungry raving individuals standing in line at your register. It is something to look forward to and this five-decades-old brand might just satisfy that craving.
2. Jimmy John's Gourmet Sandwiches
Another clear sign that a lot of people are getting conscious of what they eat is the emergence of Jimmy John's sandwich shops across the States. This franchise which has been around for over 3 decades, don't seem to slow down anytime soon. It keeps growing with major support from franchise owners.
3. Anytime Fitness
This brand is well recognized globally, with a membership status that allows customers to attend their gym anywhere.Even though there’s no shortage of fitness franchises around, this particular brand has made a name for itself that's worth it.
4. Clean It
Clean it are experts in the cleaning services (both in homes and businesses) and they continue to experience growth. One of the reasons is that people tend to go for trusted names, rather than allow a novice to come into their house or offices.
This franchise already has a reputation of being one of the fastest growing franchise in 2016 and its seems to maintain that position. Jan-Pro offers a favorable incentive for veterans intending to be part of their franchise program for up to 20% discount.
6. Hampton by Hilton
If you are looking to invest in the hotel business, then you should consider Hampton. Its a fast-growing hotel chain with impressive future plans both in the US and beyond.
7. Right at Home
Right at home is predicted to continue growing at least 16 percent for the next 5 years, according to Forbes. The company is into hotel and hosting services and its brand name is well-recognized in growth and in size with a minimum of $150,000 in liquid assets. People love to go on vacation and trips, and they will much prefer to do so at a place popular for its name and services.
People need franchises that they can trust, so as to rest easy that their money is in safe hands. This is where the strength of a franchise brand becomes important, and 2017 is the right time to start looking into all these franchises.