The first thing that comes to mind when you think “most profitable franchise” is probably a list of popular international franchise brands. You might think popular equals profitable, and there are times that is true. Something to consider, though, when it comes to the most profitable franchises is what “profitable” means to you. Are you thinking of franchise brands that rake in the highest gross revenue? Or are you wondering which franchise brand is going to make you, as the Franchise Owner, the most take-home income? Are you thinking most profitable within a certain industry, or in general? Because profitable means different things to different people, here are some very general answers to frequently asked questions about most profitable franchises.
What are the most profitable franchises worldwide?
If you’re looking for answers about the top franchises worldwide, we’re going to have to continue to think about profitability very generally. A quick, high-level search to this question would come up with answers including brands like KFC, 7-Eleven and McDonald’s. Big names like these typically come with a price tag and exist in already-saturated markets.
If you’re a potential Franchise Owner and you’re looking to become part of a profitable franchise brand you need to consider things such as your investment amount, the management, the industry size and the effort you’re putting into things like marketing, among other things. Joining an established brand as a Franchise Owner, such as Express Employment Professionals, is a great start to becoming a top franchise in the U.S., Australia or New Zealand.
One unit of measurement used to determine the most profitable franchises is to look at a brand’s Average Unit Volume, also known as their AUV. The AUV is the current average annual sales that a franchise brand is experiencing across all of its locations. The higher the AUV, typically the more profitable the franchise brand is. Brands disclose their AUV in their Franchise Disclosure Document, which gets updated each year. Express currently has an AUV of $6.1M*, which is comparably high to many similar brands whose AUVs are between $1M and $2M.
Is franchising profitable?
Much like the answer to the most profitable franchises question, this depends on factors within the Franchise Owner’s control. How you run your franchise brand, whether you embrace Corporate support, how you treat employees and customers, your marketing efforts and more will affect your profitability as a franchise.
If you’re passionate about your business and the industry you’re in, you’re on the right path. For many Express Franchise Owners, they chose us not because they came from a staffing or recruitment background, but because they were passionate about helping others in their community. They knew they wanted to be their own boss and run their own business, and a recruitment agency like Express was the perfect solution for all the things they were looking for.
What are the most profitable franchises to own in the U.S.?
The list of the most profitable franchises in the United States is similar to the list of top franchises worldwide. The results are primarily ultra-popular QSR brands, hospitality franchise brands, convenience brands and more. For annually updated lists of leading franchise brands, both nationally and internationally, people rely on resources such as Entrepreneur’s Franchise 500. These 500 franchise brands are not just chosen because of their financial performance, but also for their overall performance, growth and more. Express is consistently recognized by Entrepreneur as a top franchise to own, and as the #1 Staffing Franchise.
If you are interested in owning the #1 Staffing Franchise and discovering how profitable you can be with Express, fill out the form below.
*For territories open more than 24 months, average sales in 2021 were $6,119,487. First-year offices averaged $900,049 according to Item 19 in the Franchise Disclosure Document. $185.5B industry revenue projection provided by SIA.