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
Minuteman Press
Own an Essential B2B Printing & Marketing Franchise. Be part of the modern printing industry. Own a franchise that can provide anything you can put a name, image, or logo on. Apparel, Promotional Products, Signs & Banners & much, much more! With a proven business model, low inventory, work-life balance, great products & services that every business needs. No prior experience is needed to own and operate a Minuteman Press franchise. Learn more today.
Cash Required: $50,000
Category: Printing Packing & Shipping
Mr. Electric
Mr. Electric is an award-winning electric installation and repair franchise, but you don't need experience as an electrician to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy an executive ownership model with personalized corporate support, protected territories, and an easy-to-follow system. Inquire to learn more about Mr. Electric and your path toward a flexible and fulfilling lifestyle!
Cash Required: $65,000
Category: Home Services & Repair Franchises
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
The Brass Tap - Craft Beer Bar
The Brass Tap is an upscale beer bar that offers 40-60 different craft beers on tap, more than 300 varieties of imports, and local craft beers. We are constantly searching for the best beers from all regions around the world, and rotate our taps to ensure that you can always expect to find a new favorite. We offer hundreds of different bottled beers that are also available for carry out. At The Brass Tap, you can enjoy our spacious patio and never have to drink the same beer twice!
Cash Required: $250,000
Category: Food
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.
