Best Buy is not a franchise company but a corporation. All Best Buy stores are owned and operated by the parent company located in Richfield, Minnesota. The company currently runs operations domestically in the US and internationally in Mexico and Canada, with over 1,100 stores in total.
The good news is that you don't need that kind of money to start a profitable business. There are plenty of great franchises you can buy for $25,000 or less, and I've thrown every one from our Franchise 500 list into this slideshow. The franchises come from all sorts of industries -- everything from sports to auto care and tax services -- so there are plenty of options that can fit your interests, strengths and budget.
When it comes to the best franchise concepts by category, Entrepreneur has you covered. We have business opportunities to share from over a dozen industries. Everything from automotive, home services, and childcare to food, health and beauty, and everything in between. To see what's in our franchisor database, be sure to check out Entrepreneur's Best of the Best Rankings.
Jan-Pro provides a commercial cleaning services for businesses, and there are two types of franchises in the company's business model. The first is a home-based or unit franchise, which represents the person who is responsible for actually doing the cleaning. The second is a master franchise, which oversees a cluster of units.
The first franchise on the list that isn't a commercial cleaning business, Cruise Planners is pretty much exactly what it sounds like. The home-based travel agent network sells full-service travel packages.
Vanguard Cleaning Systems is yet another commercial cleaning franchise. It's worth noting that five of the top seven affordable franchises on our Franchise 500 list are cleaning franchises. They might not be glamorous, but they're good investments.
Like Cruise Planners, Dream Vacations is a home-based travel agency network. Both travel agencies -- and many of the franchises on this list -- also offer discounted investment prices for military veterans. So, if you have served in the armed forces, research whether the franchise you want offers those discounts.
Chester's has one of the widest ranges for initial investment -- you will need to invest anywhere between $8,000 to almost $300,000. However, depending on your current assets and plans for the fried-chicken franchise, there's a chance you could start a new location for less than five figures, which makes it worth investigating.
Property Management Inc. franchises find tenants for rental properties, process rent payments, provide inspections and more. Basically, you'll work as a flexible landlord who can collaborate with multiple property owners, real estate agents and more.
If you have a passion for teaching, then a Dale Carnegie Training franchise might be a good investment. Franchises help build new thought leaders by teaching important business subjects like self-improvement, leadership, investment and sales.
Buildingstars International is the sixth of seven commercial cleaning franchises in this slideshow, but unlike some of the other options, Buildingstars offers three investment paths: the technician, who works part-time; the onsite manager, who oversees larger buildings and a bigger team; and the corporate manager, who takes on a still greater share of responsibility and revenue.
Padgett Business Services franchises offer tax advice, business advice, payroll solutions and other business services. So, if you're an accountant looking to leave an established business and work for yourself, but you need a recognized brand to help make the transition, Padgett could be a good investment.
Christmas Decor franchises offer holiday decorating services. The business focuses only on Christmas, so this is seasonal. That could be a good thing or a bad thing, depending on what you're looking for in your business investment, but it's certainly worth noting ahead of time.
OpenWorks is the final commercial cleaning business on this list. However, if you've determined that a commercial cleaner is the best investment opportunity for you, then don't write this one off. Take the time to find out which of the cleaning franchises actually fits you best.
Not only are franchises more likely to succeed than traditional businesses, but franchising is becoming a more popular route to business ownership. The International Franchise Association (IFA) released its annual report, which anticipates franchise growth of 2.2% in 2022.
The additional revenue stream for parent brands (franchisors) is a huge incentive for offering franchise opportunities, and the improved technologies and supply chain logistics have made it easier for brands to scale franchises.
Franchises only work because the franchisor has garnered enough brand equity or other proprietary value to pass on to other locations. The act of franchising involves scalability, and franchises need explicit support from franchisors to succeed.
Taco Bell currently sits atop the Franchise 500 list, but would it still be the most profitable franchise if every entrepreneur opened a Taco Bell Even more importantly, would you feel excited or passionate about running one
Choosing the best franchise is about finding the right one for you within the market you intend to operate. Because every situation is different, consider the following questions when deciding which franchise is best.
The World Travel and Tourism Council (WTTC) projects the travel industry to rebound to pre-pandemic levels in 2022. This is great news for travel agencies like Cruise Planners. Founded in 1994, this travel agency brand has grown to offer more than just planning cruises. If you own a Cruise Planners franchise, you own a full-service travel agency as an American Express Travel Representative.
If bringing joy to your community sounds like a fun business, you may be the perfect franchisee for Card My Yard. Best of all, you can own one with an investment of less than $10,000. As a Card My Yard franchise owner, you get access to a turnkey eCommerce website, ongoing training, and marketing collateral.Learn more about owning a Card My Yard franchise 404.
As a Lendio franchise, you will gain access to a robust network of lenders, proprietary technology, and continued support from industry experts. Additionally, you get to help small business owners fuel their dreams.
While opening a Taco Bell is not cheap (they have a $1.5 million net worth requirement), if you do open one, you stand to benefit from one of the most powerful franchises in the country. In fact, some estimates have Taco Bell owners earning between $80,000 and $100,000 annually.
After selecting a winner in each category, the editorial team conducted interviews with top-performing franchisees in each brand to share advice and lessons learned. Home Instead won the Zor Award in the category of Aging America - best senior care franchises.
Home Instead franchise owners Kaipo and Stacy Robello of Pensacola, Florida, and Greg Sanchez, of Pasadena, California, were interviewed by Franchise Times as top-performing franchisees as part of the Zor Awards program.
Sound of Music operated nine stores throughout Minnesota by 1978. In 1981, the Roseville, Minnesota, Sound of Music location, at the time the largest and most profitable Sound of Music store, was hit by a tornado. The store's roof was sheared off and showroom destroyed, but the storeroom was left intact. In response, Schulze decided to have a \"Tornado Sale\" of damaged and excess stock in the damaged store's parking lot. He poured the remainder of his marketing budget into advertising the sale, promising \"best buys\" on everything. Sound of Music made more money during the four-day sale than it did in a typical month.
In the second quarter of 2007, Connecticut Attorney General Richard Blumenthal ordered an investigation into the company's use of an in-store website alleged to have misled customers on item sales prices. In December 2007, the Los Angeles Times reported on the same issue, in which some customers claimed they thought they were surfing the Internet version of bestbuy.com at an in-store kiosk only to learn that the site reflected in-store prices only. In response, company spokesperson Sue Busch indicated the in-store kiosks were not intended for price-match purposes and rather were a means to navigate in-store availability. Since the initial investigation, a banner was placed on the in-store site to make its customers more aware of the difference.
As the world bounces back from the lockdowns and restrictions of 2020, salon suite concepts provide an appealing opportunity for customers and franchise owners alike. With so many options on the market, there has never been a more exciting time to invest. The right franchise will provide the highest level of flexibility, creativity, and freedom for your investment, while supporting your path toward lasting success.
Franchising since 2015, Image Studios 360 provides ongoing training and education to salon professionals through their proprietary IMAGE Pro Business program to assist them in effective business practices, an appealing feature for both new and experienced entrepreneurs. The ideal Image Studios 360 franchise candidate includes C-level executives, seasoned investors, commercial property owners, and established beauty industry professionals.
Each Image Studios 360 location is approximately 4,000-7,000 square feet and houses anywhere between 22 to 38 turnkey salon units (ranging from 100-250 square feet), which are leased out to various health and beauty professionals. The brand currently has 19 units in operation across four states. Comparatively, MY SALON Suite is a well-established franchise currently supporting 222 locations across the country. 781b155fdc