If you want to work for yourself without working completely on your own, you might be interested in the most profitable franchises to buy in 2017.
Franchises are a pretty lucrative way to make money. You pretty much own your own business without the faff of coming up with your own concept. You own a branch of an already profitable company and try to make more money for yourself and the franchise itself. I remember one time Domino’s messed up my order and when I tried to contact Domino’s via Twitter they told me that they couldn’t do anything about it because the specific location that gave me issues was a franchise, which means I would’ve had to contact that store’s owner directly to address the problems. I eventually gave up and decided it wasn’t worth it, but that gives you an idea of the separation of power within franchise ownership.
I don’t think I’d ever want to own a franchise, despite the fact that it’s made a lot of money consistently. You can also see if any of the franchises on this list are on our previous list of the most profitable franchises to buy in 2016. Companies often charge franchise fees, so this does require a bit of investment and you also have to keep in mind paying for real estate and maintaining the property. These fees can often hinder how much a franchise owner takes home at the end of the day, but if the franchises are profitable, it should help alleviate that a bit.
In order to create this list, we took a look at Entrepreneur, which published some data about profitable franchises. This took into consideration the startup costs, how profitable the business itself is, size, growth, support, and brand strength. We used their list and provided the startup costs. The most profitable franchises often require a higher startup cost, but you can almost guarantee it’ll be a lucrative business opportunity.
Without further ado, let’s take a look at the most profitable franchises to buy in 2017.