The Most Profitable Franchises in the US

There are a lot of budding entrepreneurs who want to start their own business but they realize that creating a brand from scratch may be very expensive and time consuming.  This is why franchising has become an increasingly popular option. In fact, franchising has been around for 30 years but it wasn’t until the turn of the 21^st century that it really took off. If you’re interested in this kind of business venture, take a look at the most profitable franchises in the US for 2014 based on a study made by Entrepreneur.com.

Based on the data gathered by the site, Anytime Fitness emerged as the top choice for 2014, being the fastest growing franchise in the world in its industry. This company which specializes in fitness clubs started in 2002 and now has over 2,000 locations in the United States as well as overseas. Right now, Anytime Fitness has co-ed facilities that are open 24 hours a day. If you’re interested in opening a franchise, the cost starts at $56,000+ and can be operated full time or part time even from home.

Here’s the list of the most profitable franchises:

10. Dunkin’ Donuts

Costs: $294K – 1.51 million

9. Pizza Hut

Costs: $297K – 2. 1 million

8. Denny’s Inc.

Costs: $1. 17 million – 2.4 million

7. Servpro

Costs: $134.8K – $183.44K

6. 7-Eleven

Costs: $30.79K – $1.63 million

5. Jimmy John’s Gourmet Sandwiches

Costs: $300.5K – 489.5K

4. Supercuts

Costs: $103.55K – 196.5

3. Subway

Costs: $85.69K – 262.85K

2. Hampton Hotels

Costs: $3.7 – 13.52 million

1. Anytime Fitness

Costs: $56.29K – $353.89K

Fastfood Restaurant Franchises

If you’re more interested in opening a fast food restaurant franchise, you may want to start with Subway.  It’s fairly affordable after all. The Subway franchise cost includes a one-time fee of $15,000  although you will need to have a minimum of $100K to cover other essentials such as a location, equipment, hiring employees, marketing, etc. Although the franchise fee is one-time, you will also be required to pay 8% of your weekly gross sales as royalties and an advertising fee of 4.5% of your weekly gross sales.

Another great franchise option is Krispy Kreme. This doughnut company has been around for awhile now, with over 249 stores in the US and they also have store locations all over the world. About half of the stores are owned by the company but it is possible to get a Krispy Kreme franchise although ownership is quite complicated. You would first need to complete their application on their website. They’ll want to know your financial info and when you want to purchase a franchise. You will also need to explain why you think you are a good candidate to open a franchise.