As a smart investor you are, perhaps you are now looking for the best and most profitable business opportunity to invest in. Well, you are here at the right place. This article is going to take a look at some of the 5 best franchises to invest in. So just continue reading through the list and you might just strike it rich.
1. Health Club Franchises
Only a few industries post year after year growth. The health club is an industry which accomplishes this feat. The significance of being fit and healthy is something which will never fade. There are some up and coming franchise concepts focusing on a specific niche segment which have proven to be quite successful within their market. It is a big pie and there are enough pieces for everybody and the earlier you take your bite, the better.
2. Senior Care
In the past two decades or so, there has been an exponential rise in senior care and adult living support. The type of franchise provides caregivers and facilities to help the elderly to live comfortably their last days. The initial startup capital in this line of business may be between $100,000 and $200,000. It’s also quite important that the people who invest in this kind of business also get the satisfaction from serving other people. You can never go wrong with this kind of franchise.
3. Food Trucks
Food trucks popularity has really grown up in the last 10 years. They are considered now to be cool, and among the best chefs in the world are investing in this kind of business. You also can the plunge. Not to mention that overhead is significantly less when compared to a restaurant, and you are also going to serve food in a wide range of markets. It’s worth venturing into.
4. Concrete Cutting
Really? Now this must be some franchise opportunity probably you’ve never heard of. But now, there is a big need for smooth sidewalks, and only some few companies provide this kind of service. This is where you can really make a big profit. The startup is around $130,000. However, the yearly profit may be great.
5. Fast Food Chains
Some franchises will never go out of fashion. Every year, fast food restaurants continue to grow with innovative concepts. Look at the the Wendy’s, Burger Kings, and the McDonald’s. This may be an expensive but less risky business investment. But it is advised that you should be very cautious investing with some new concept which may not stand the test of time. Most restaurants normally go out of operation within the first 24 months, and you do not want to fall in this trap.
All in all, whatever the franchise opportunity you decide to invest in, ensure you have the passion for it. This is something you are not going to see on paper, but could be among the most critical factors to your success in the business.