Top 10 Franchise Opportunities to Transform Your Future in 2023
Are you considering a new business opportunity? Franchising can be as close to plug and play as you can get. By paying an initial fee and a licensing fee, you’re granted the rights to sell branded products or services using the franchise’s trade name, business model, intellectual property, proprietary business knowledge and processes. We’ll share the top franchises to own in 2023 and the reasons to consider investing in one.
1. United Parcel Service (UPS)
Let’s kick things off with the delivery giant, UPS. Market Reports World predicts that the courier and local delivery services market will see a growth rate of over 5% by 2023. So, why not jump on the UPS bandwagon? You can open your very own UPS Store, offering shipping and printing services to local customers. And the best part? UPS helps you out with securing a retail location, store construction, permits, equipment, and computers.
2. Chick-fil-A
Chick-fil-A has been tantalizing taste buds and impressing customers since way back in 1967. If you’re thinking of becoming a Chick-fil-A franchisee, be ready for a selective process that can take 1-2 years to complete. But hey, it’s all about maintaining their high standards and integrity.
3. Papa John’s
Papa John’s, a beloved pizza chain, has been dishing out pizzas via franchises since the 1980s. If you’re up for owning multiple units, they want to chat with you – they’re looking for franchisees to run at least 5 locations.
4. McDonald’s
Ah, good old McDonald’s, a franchise leader since the 1950s. With its well-earned reputation, it’s no wonder that it’s still one of the top choices for potential franchisees.
5. 7-Eleven
Established in 1927, 7-Eleven is a convenience store behemoth and a fantastic franchise opportunity. They’re even offering up to 65% financing on the initial franchise fee for qualifying applicants.
6. Taco Bell
Craving some Mexican fast food? Taco Bell, part of the Yum! Brands family, is topping Entrepreneur’s Franchise 500 ranking list as the go-to franchise for 2023.
7. Firehouse Subs
Firehouse Subs has been around for nearly 30 years and operates nationwide. If you want to be part of a franchise that gives back, consider this: a portion of the sales at Firehouse Subs locations goes to providing life-saving equipment to first responders.
8. SONIC
SONIC’s roots trace back to the 1950s in Oklahoma. Today, a whopping 95% of SONIC’s drive-ins are franchise locations. It’s part of the Inspire Brands family, which also includes Arby’s, Baskin-Robbins, and Dunkin’, among others.
9. Dunkin’
Dunkin’ isn’t just about coffee anymore. Customers can savor frozen drinks, teas, sandwiches, wraps, bagels, and muffins. What started as a single shop in Massachusetts in the 1950s has grown into a global brand and remains one of the top franchise opportunities across the U.S.
10. Kumon
If you’re passionate about education and helping kids succeed, Kumon is the name to remember. This math and reading learning center, founded in 1954 by a Japanese father, offers a unique program to help children grasp essential concepts through short, incremental assignments.
Finding Your Ideal Franchise
By balancing market conditions, consumer trends, your area of interest or expertise and the amount of capital you have available to invest, it’s not a far-fetched dream to own a successful franchise. Use the insights we’ve provided to identify the best franchising opportunities for you in 2023 and beyond.
