5 Most Profitable Franchises To Buy in 2023

In this article, we take a look at the 5 most profitable franchises to buy in 2023. To see our detailed analysis of franchises alongside some other entries in this list, go ahead and click the 10 Most Profitable Franchises To Buy in 2023.

5. The Wendy’s Company (NASDAQ:WEN)

Category: Fast Food Franchises

Number of Franchises: 6,949

Annual Sales: $12.5 billion

Initial Franchise Cost: $320,500 – $698,500

The Wendy’s Company (NASDAQ:WEN) is an American holding company for the major fast food chain Wendy’s. Its headquarters are in Dublin, Ohio. The company’s principal subsidiary, Wendy’s International, is the franchisor of Wendy’s restaurants. During the first three quarters of 2022, The Wendy’s Company (NASDAQ:WEN) successfully incorporated 131 new restaurants into its network and anticipates having a total of 8,000 to 8,500 restaurants by the end of 2025. Additionally, for the three-month period ending on October 2, 2022, the company achieved a revenue of $533 million, resulting in a net income of $51 million.