Top Franchise Businesses of 2023
Explore this year's top-performing franchises according to our 2023 sales index:
Franchise.com Sales Index The fastest growing businesses
Build My Brand
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your e-commerce empire and money-making machine from the ground up! All it takes is an upfront investment, and our team will do the rest. By this time next year, you could be sitting on a 7 figure empire.
Cash Required: $30,000
Category: Business Services
Your CBD Store
Your "Award-Winning" CBD Store. Join the largest network of CBD brick and mortar stores. Join the largest network of CBD retailers in the U.S. and the exclusive home of award-winning, hemp-derived SunMed and Sunflora products. With more than 500 stores in 41 states, we're bringing the highest quality CBD experience to customers nationwide. Learn more about the Your CBD Store franchise today.
Cash Required: $70,000
Category: Health & Fitness
Phoenix Ecom
We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. Learn more now
Cash Required: $40,000
Category: Business Services
The Lending Network
Own a National Lending & Financial Services Business. Serious Inquiries Only: We are only accepting individuals who have at least $20,000 cash to invest (please note - we do not provide loans or grants) and are ready to get started within the next 30 to 60 days. Join a Success Culture where individuals like yourself excel and create wealth. Get started today!
Cash Required: $20,000
Category: Business Services
Browse Franchises by Category
Whether you have the perfect niche in mind or simply want to explore franchise opportunities across various industries, you can quickly navigate between listings by category and industry below:
Why Buy a Franchise?
Owning your own business can allow you to build wealth independently while gaining more control over your work-life balance, schedule, and future. But starting a business from scratch can be difficult, posing many challenges. Franchises, however, allow you to start a business with the groundwork already laid out for you. Buying a franchise is a turnkey business opportunity allowing you to take advantage of a proven business model, existing client base, training, and many resources to help you start, manage and grow your business.
Choosing the Best Franchise for You
Before purchasing a franchise, it's important to perform your due diligence. Some considerations to keep in mind when choosing the best franchise opportunities for you include:
- Budget. What is your current budget for startup, and what projections for revenue will the franchise offer? Franchises can be bought for less than $10,000 all the way up to $1 million+, with plenty of great opportunities between.
- Niche. When deciding on a niche, it's important to research demand for various industries, past performance, and future outlook. You should also take into account your personal interests, knowledge and skill set if you plan to be directly involved in the management of the business.
- Location. Depending on the industry, location can be critical for success. Visibility, parking availability, local competition and accessibility can make or break a restaurant or retail business, for instance.
- Personal Involvement. How involved do you want to be personally with the business? If you have little experience in the industry, will the franchise provide you with training and resources to get you started?
- Franchise Success. How successful have other franchise owners been in the past? What are projections for revenue and costs both in the short-term and long-term?
Financing Your Franchise Purchase
While some individuals purchase franchises with cash, this is not always viable. The good news is that there are several options for financing your franchise purchase, including traditional financing, SBA-backed loans, retirement account transfers, and more. Read our financing guide for more information.
Franchise News & Information
Read our blog to get the latest scoop on emerging franchises, industry trends, and franchise success tips.
Interested in being your own boss but not sure how to get started? Maybe you should consider why you should start a franchise. A franchise is a way to secure yourself a turnkey career as your own boss.
If you want the day-to-day experience of running and growing a business without facing overwhelming uncertainty alone, starting a franchise might be the best move for you. You can also explore the advantages of franchising or more specifically the advantages of franchising in the restaurant industry.
