As we emerge from the pandemic and get back to business as usual, 2021 promises to be a great year for entrepreneurs. The expected economic upturn should bring plenty of business opportunities. Franchises are especially appealing because they offer a ready-made brand that you can take advantage of. Rather than starting a business from scratch, you’ll be able to draw upon an existing business model that has already proven successful. The most important part of starting a successful franchise, of course, is deciding what franchise to invest in. There are plenty of options out there, but some look more promising than others. If you’re hoping to start your business in 2021, here are the best seven franchise opportunities to consider.
The problem with a Dunkin Donuts franchise is the size of the initial investment required. The good news is that this investment gets you a lot. Not only does Dunkin Donuts have instant brand recognition and a massive fanbase, but it also provides excellent structural support. Once you’ve laid out the initial costs, you’ll find yourself in a great situation.
Long the country’s most popular fast food chain, McDonald’s offers similar conditions to Dunkin Donuts. That initial investment will buy you into the most recognizable brand in the world. Much more than a mere burger joint, McDonald’s has become a cultural institution. Despite calls for healthier diets and major lifestyle changes, Americans show no signs of giving up their favorite restaurant. That means a McDonald’s franchise could be successful for years to come.
Americans might like their greasy hamburgers, but they enjoy working out, too. Planet Fitness gyms have become popular for their convenience and affordability. Since the gyms are open twenty-four hours, members can fit a workout into their busy schedules. The continuation of the current fitness trend suggests that investing in a gym makes sense in 2021. In the social media era, people are going to keep paying for the ability to sculpt their bodies.
No matter how the world changes, some products are always going to be in demand. Hardware and other home improvement supplies fit perfectly into this category. People are always going to be interested in maintaining and improving their living spaces. An Ace Hardware store offers a smaller, more manageable alternative to bigger box stores. These shops are also easier to run that many franchises on this list, since the volume to customers is less.
UPS is a highly successful company, and has been for many years. To operate one of their stores, you need a much smaller initial investment than for fast food chains. UPS also helps entrepreneurs find financing, making this a great option for anyone looking to start out on a smaller budget.
With serious name recognition and a reputation for affordability, Supercuts remains a leader in the salon industry. While this is a great franchise to get into, the company can be a bit strict about accepting new owners. While the initial investment is nothing to balk at, Supercuts expects their owners to have good credit, considerable wealth, and managerial experience. If you tick all these boxes, you have a great opportunity in front of you.
With such a memorable and recognizable name, this convenience store has become a major cultural force. It’s hard to imagine an American city or town without a 7-Eleven on every other corner. To invest in this franchise is to sign on with a winning team. Training is fast and easy, and you can get your own business up and running in only three months.
With their structural support and instant brand recognition, franchises will offer entrepreneurs enticing opportunities in 2021 and beyond. Considering their proven track records and potential for growth, these seven companies are especially worth investigating. Any of one them could quickly prove successful.