What are the “Best” Franchises?


Last video where we discussed “best franchises”
I got some flak from viewers because I didn’t give any solid examples of what the supposedly
“Best Franchises” actually are. I’ll try and do better this time. But in my defense what is the “Best franchise?” That’s completely subjective. And that is why in the last video I didn’t
mention any names because to do so would be impossible. It’s the same as me asking you what is the
best car. It depends entirely on your situation and
your needs. You wouldn’t want a Lamborghini to go 4 wheeling
or to drive kids to sports and it’s the same for franchising – every person, every location,
every budget, every situation is different. But let’s break it down and give some individual
examples of what a best franchise might mean for you. We have found there are varying top priorities
people seek in a franchise. and depending on what your priorities are
your best franchise choices will be entirely different. Those 6 priorities are as follows 1. Passive or absentee ownership
2. High earnings
3. Exit Strategy and Resale
4. Lifestyle Businesses
5. Low Cost or driven by budget
6. Lowest Risk These 6 categories have several or even hundreds
of franchise choices in each category and from an overall perspective most people will
find their “best franchise” in one of these 6 categories. Obviously we wont have time to cover them
all as there are hundreds – but we will look at industries within each group that are best
suited for your goals. Now depending on which of those are important
to you your best franchise choices will be entirely different. Not to mention many people have no idea how
much franchises actually make and just go with the big names thinking they pay the big
bucks. Not true in fact often the opposite. Lets break down these 6 categories one by
one. 1. Passive investment. Some people don’t want to actively work in
the franchise because they have an existing job or run another business, or it may be
a celebrity or investor group. Obviously they don’t want to work behind the
counter so they need a business that will allow for passive or absentee ownership. Now keep in mind these will not be your highest
moneymakers because you also need to hire additional senior management in your place
to run your store. many people are under the mistaken impression
that all franchises can be run passively and that is just not true. In fact many of them have clauses requiring
you to be actively involved in the operation of the store. So from a purely passive ownership perspective
some of the best franchise choices are Hair salons, certain types of restaurants, automotive
repair and bodyshop centers, certain learning and tutoring centers, certain health clubs
or massage outlets and assorted business services franchises. These businesses also have sufficient margins
to allow you to hire a manager and still earn a profit. You typically wont make a lot of money from
one location with these types of franchises so the ultimate goal should be multi unit
ownership which you can build over time. That’s a great move as in a decade you could
own 5-10 locations and sell them off for a nice profit. 2. High earnings. For those people who want to work hard and
long and make as much money as possible the best franchises for them are the ones that
of course have the highest profits and these franchises must provide the owner the ability
to directly impact these profits. Businesses like restaurants are not good choices
because you are completely reliant on walk in traffic and have little to no control over
increasing your revenues unless you buy another location, and pay more fees. Business to business service type franchises
however are excellent moneymakers and are likely your best franchise choice. These can be a blend of retail and also B2B
sales like a printing or sign franchise. Other service based franchise like cleaning
and painting are also surprisingly solid earners. Senior care can be good although may be becoming
saturated in certain areas. Personnel and staffing companies are high
revenue generators as well – one of the franchises we work with has an average of $6.4 million
dollars per single mature franchise territory. That’s just the average many are over that
number. If you put that in context with a typical
Subway franchise that is over 12 times the annual average earnings of a Subway store. We’ll dig into that topic in another video
where one franchise owner across the street from another can be working twice as hard
and making literally 10 times less than the other and not even know. You don’t want to be that person. For anyone who has sales, marketing or business
management experience these types of franchises are a great fit. Another little known but solid moneymaker
in franchising is Master Franchising. This allows you purchase the rights to a large
territory and sell franchises as well as open your own. You then share in collected franchise fees,
and the ongoing royalties of all your franchisees in the system. Many millionaires have been made from master
franchising. We work with close to 100 franchises that
have master franchising options available. 3. Exit strategy. Some investors have a specific plan where
they want to build a business and sell it off in 5-10 years for a profit. There are people that do this multiple times
as a career. Now as suggested above owning multi units
is a good plan for exit strategy so choices might be master franchising, restaurants,
retail franchises, or even some service based, cleaning, painting or junk removal if profitable
can be sold for several times their original purchase price if profitable and will be your
best franchise choices if exit strategy is a priority. Consulting type businesses are terrible for
exit strategy so if this is your goal keep to traditional business models that are easily
understood by buyers and will be easily resold. 4. Lifestyle Franchises. Many individuals don’t have money or exit
strategy at the top of thier list they just want a business they can enjoy working at
every day and make a decent living. Best franchises will vary from person to person
but usually these franchises involve the life passion the investor may have. Franchising has a lot of great lifestyle choice
franchises like pet grooming or boarding where you can be around animals all day. If you like helping kids tutoring or kids
health franchises are a fantastic fit. Health clubs or gym franchises are a great
lifestyle business if you are into fitness and health and can be very profitable as well. Certain retail franchises can be fun like
specialty coffee shops or smoothie or Yogurt – although we caution people
this sector as the industry has taken a beating recently. Senior care can also be a lifestyle business
for someone who has a passion for helping seniors in the community. The earnings in senior care can also be quite
impressive depending on your location. Travel planning type franchises can also be
a good choice -which brings us to…….. 5. Low cost franchises. If someone has a limited budget their best
franchise will be one that offers the most for the lowest price. Be cautious however in this segment because
this is the arena where a lot of scammers reside offering little to no real viable business
model. Some of the sectors that we like for low cost
or work at home are travel planning – for around $10,000 you can become a travel planner
and work from anywhere in the world helping people with their travel plans. Many people are generating 6 figure incomes. If you have a business background business
consulting or coaching can be very profitable and great from an R.O.I perspective. many of these franchises have low start up
costs under $50,000, can be operated from home, have low overhead and very high margins. Within that group as well are specialty consulting
franchises, such a cost reduction consulting where you help companies save money on telecom
or billing costs, or energy consulting where you help companies save money on their energy
costs. These are all cash businesses no inventory
and low overhead so can be very profitable. One franchise we work with shows their top
25% of owners generating over $650,000 a year with only a $50,000 investment. Medical billing is also a great choice at
under $25,000 and just one doctor client will typically recoup your investment costs. 6. Low Risk Franchises. There are actually franchises that provide
safety nets for people who are extremely risk averse but still want to own a franchise. They will provide the owner with a salary
during startup, buy all the equipment, and even in some cases offer a money back guarantee
if the business doesn’t succeed. These perks come at a cost however as you
will typically pay half of your royalties to the franchise. There is always a trade off. So as you can see depending on your business
goals and situation there are many different choices for the “best franchises”. If you would like to discuss any of these
franchises further or see which are available in your territory give us a call consultations
are always free or visit our franchise directory

64 comments on “What are the “Best” Franchises?”

  1. Tony Marlowe says:

    Extremely helpful content my friend thank you

  2. Ruth Edwards says:

    Very informative video. Thank you

  3. Abrar unar says:

    This information is for Canada or USA..?

  4. Clinton Carroll says:

    Robert, you mention in another video that you and most at your organization own them yourselves. Would love to hear which ones are owned and the logic behind it. Would not need to identify who owns which, of course. Thanks for considering. Keep the videos coming!

  5. Noway B says:

    This was an amazing video and I will review provided links before I call. Thank you!

  6. mia hazel says:

    Tell us what names to go to?

  7. Rob Bastien says:

    Your info. videos are Gold, thanks for posting.

  8. garyp4205 says:

    The best videos out there for folks looking at getting into business.

  9. alfaruk aliraqi says:

    as always fantastic video with full of so important infos. thanks

  10. an bo says:

    I know it was just an example but I’d love to take my kids to sports in a Lamborghini

  11. Fatha Truth says:

    Talk about CHECKERS!

  12. DORKUCHO TANIHU says:

    I ALWAYS THINKING OF OWNING APPARTMENT, TWO OR THREE FAMILIES UNIT IS IT GOOD BUSINESS? THANKS

  13. OCD Stig says:

    What about a car wash?…

  14. Burgundy Llama says:

    Self service carwash

  15. Burgundy Llama says:

    Auto/boat detailing service

  16. Burgundy Llama says:

    Lawn Care

  17. Burgundy Llama says:

    Roofing business

  18. Burgundy Llama says:

    Pool service

  19. Burgundy Llama says:

    Mobile detailing

  20. Burgundy Llama says:

    Hotdog stand/cart

  21. Burgundy Llama says:

    Food truck

  22. Burgundy Llama says:

    Water sport rental

  23. Burgundy Llama says:

    Fishing charters

  24. Burgundy Llama says:

    Door to door selling pet rocks

  25. Hot Wings says:

    What about those money exchange franchise outlet like, "Cash Now" or "Pay Now"?
    Are they any good?

  26. Pramod Pandit says:

    I am running roofing business in india, because it's seasonal so i am free for half of the year , could you suggest me any relative business idea for that..

  27. Michael Dunbar says:

    What about Whataburger

  28. diggy doug says:

    Here's a suggestion create a water efficient washer for shopping carts no 1 has that. The shopping carts never gets properly washed by rain? Food for thaught

  29. Liquid Heat says:

    An hour ago I was looking for funny videos while I shaved. 35 minutes later after stumbling upon three of your videos I'm wanting to start my own business hahaha. 👌 you're
    good man crazy good info.

  30. Sixgun Sal says:

    Lamborghini made the very rare LM002 which was very Hummer-like. Great for 4-wheelling 😉

  31. Bohemian Mama says:

    I have a meeting Tuesday for a franchising opportunity in the lifestyle genre. It was great to see it on that list. I have no funds to startup and I’m currently fixing my credit (very low credit score due to never owning a credit card and 3 collections adding up to under $150 total). I just finished homeschooling my son for 17yrs and now he’s in college. I have time to pursue my entrepreneur dreams. Is there a chance for someone like me with no startup funds and poor credit score?

  32. Stewart Campbell says:

    Much A-Dou About Nothing $$$ .YYZ-Planker -Movi'n" On !

  33. Jeff J says:

    What about a lemonade stand? you always see that at festivals, do they actually make money on the big scale?

  34. hugo zamarripa says:

    I've been fascinated with brewing beers for quite some time. However, I havent had much luck finding out whether breweries are good businesses. What do you think?

  35. Tosic says:

    I currently work at a cha and the operator of the store receives 30% of the yearly profits from the store, this may not sounds good but he didn't pay for the store or any of the equipment and it typically makes over $1,000,000 every year, earning him a nice hefty 6 figure salary.

  36. dabell12 says:

    Franchises have very danger collateral loans that will definitely will send you to bankruptcy or will make you slave of you franchise just to have your head over the water. the days of "moms and pops" stores it was back in time the way to make a living and be prosperous. now only the bank and the Oligarchy control everything

  37. North American YouTuber says:

    If you want a passive business, then get into the real estate business. Buy a duplex, buy a parking lot, buy a trailer park, etc.

  38. AZDuffman says:

    I wonder if there is such a thing as a mortgage processing franchise?

  39. Steven Lawless says:

    I definitely want a lambo to take the kids to sports 🙌

  40. Jimmy Tremblay says:

    Just sayin bud: a lambo is not a 4-wheeler… A 4-wheeler is not a car… Terrible analogy!

  41. Paul Price says:

    Thanks again for the entertaining and informative video. One thing that bothers me is you frequently refer to gross sales as earning. Such as an average Subway earns $454000 per year. I am sure you mean they gross $454,000 per year. Big difference. If you do not run your business right you can get into a situation where the more you sell the more you lose, if you get my drift.

  42. Red Rock Bliss says:

    Any advice for a $15,000 $20,000 investment ?

  43. Tanner Winchester says:

    BMW Z4 is the best car change my mind

  44. Vj Polo JX says:

    Great video, very helpful ✌🏾

  45. michael kane says:

    Sell drugs multiple locations, and you can pimp on your days off.

  46. Josh says:

    Jesus loves you.

  47. Charlie Robles says:

    You haven't done a video on Burgerm

  48. William Jones says:

    Great video, thank you sir.

  49. bigdaddy gator says:

    I owned a jani- king.franchise in the 90's. They supply cleaning contracts for you and set you up with a wholesale distributor of cleaning supplies. What I painfully discovered was:
    1. Unmonitored minimum wage employees couldn't be trusted to do job right. Business could not be scaled.
    2. Master franchisor kept 20% of contract fee, so after paying for supplies and labor there was very little $ left.
    3. Master franchisor was skimming off the best contracts for his own separate cleaning company.
    Result: a fundamentally, fatally flawed business model.

  50. Frenchy Alicea says:

    So…he admitted the title was click bait…
    No one will click on a vid NOT expecting to hear names of franchises to then look into themselves. Sad.

  51. FlatWorldJomhuriRegime88 says:

    Why don't franchises "do their homework" when choosing a location? Down this particular very busy street in a suburb of Little Rock, tens of thousands of cars pass a day, we will (every year or so) see some kind of a franchise opening on the left-hand side of the road. That's great if they are a breakfast burrito franchise, and they can get people going to work in the morning, but these are dinner-type food establishments. No one's going to pull into the left-hand side of the road and then try to make that left against traffic. Anyone who lives here would know that. These places always close within 1 to 3 months.

  52. Marcellos Buckner says:

    Can you do or link a video series for each one in more detail with examples of those franchise options

  53. M khan says:

    This guy will start earning decent money from these videos. These are great

  54. Sweet-Jay says:

    Can I franchise a Franchise City?

  55. AB says:

    B2B need to offer terms. Ask the vendors who Trump BK'd on how that went. If there's an opportunity where I can get enough COD customers to earn a living guaranteed, let me know. I'll be right there.

  56. Matt P says:

    You mentioned a franchise you work with that has reported 650k+ profit on a 50k investment??? That’s quite a feat. Do you have a link to that information or further to read on that?

  57. Rakesh Sharma says:

    My business has improved year after year and the reason why is. I Sit There Everyday your business will succeed!!! Be a part of your business and throw the clock out the window

  58. از ایران چه خبر says:

    What you thing about Burgerim

  59. iStudent7 says:

    What about American Communication Network (ACN) are these considered franchises?

  60. email Gmail says:

    Are there any staffing agency franchises for under 50k?

  61. 1p4142136 says:

    I remember Futurama when that 80s guy ask Dr Fansworth “ what’s your exit plan? This is not an exit plan this is an escape plan!” 😂

  62. Jaycee Williams says:

    What does he consider little revenue? Because if you put 350k into something and you make 50-100k in profits into your pocket a year and you don't have to actively run it. I'd say that's pretty good plus a salary from a day job

  63. Michael Williams says:

    What about the dildo industry, i really heard its growing in size, no pun intended.

  64. Troy Robinson says:

    Need to invest in vibrainium

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