6 on the Entrepreneur Franchise 500 list, but when you think about Ace, you should instead consider the number 16. McDonald's, Image credit: As humans, we obviously love to save money, but we also love to make money. Ace Hardware ranks No. It is why brands are a thing. HomeVestors of America, Image credit: Depending on where you go for your coffee or dinner out, you probably support at least a few local franchises. The supplemental education franchise might not be a household name domestically, given that only around 6 percent of its units are located in the United States, but Kumon has been a mainstay of the Franchise 500, finishing in our top 20 rankings each of the last three years. Taco Bell, Image credit: The Dallas-based Smoothie King franchise ranks atop our list of smoothie and juices franchises, marking a substantial uptick from last year, when it ranked 22nd. However, the main focus besides popularity was affordability. Franchises are one of the best businesses to start because they have a high success rate. The key points the list looks at are the midpoint (average) initial investment, the franchise's growth rate over the past five years, and the number of franchise locations, or franchise units. Pizza Hut announced in August that it planned to close 500 of its U.S. dine-in restaurants, but in the past three years, it’s also opened thousands of international franchises. According to Franchise Direct, McDonald’s is actually number 1 on the Global 100 franchises of 2020 and within its’ right because of its McDonalds. Here are 55, Initial franchise cost: $136,900 to $259,400. The Coppell, Texas-based tanning franchise has opened 95 units since 2017, good for a 21 percent increase. Today, it’s ranked second in large part due to the growth the company has seen in the interim. To make the list, these businesses must: Have the potential to be profitable now and for many years in the future Jersey Mike's, Image credit: I was going to save this franchise trend for last, but according to some of the best writers around, since you’re being absolutely bombarded with articles, podcasts, videos and more, I’m supposed to get to the heart of the matter, quickly.. That said, the hottest franchise trend for 2020 is “delivery.” The popularity of pet franchises is due to the need of people to take care for someone. However, McDonald’s cost is number 13 in regards to affordability, which is at a price tag of $1.3 million-$2.2 million. Invest at your own … Best franchises in UK: top opportunities to start in 2020 What are the best franchises to own in the UK? Interested in starting a franchise in 2020, but don’t know where to start looking? Best in Category: Home-Based Franchises; Hard Bean Coffee. The problem with that, and it’s nothing against the inexpensive companies, but they are not, unfortunately, popular and are not the best franchise to own. Either they take care of kids or pets, they are ready to spend money on the best conditions, food, hygiene items and services to make the life of their loved ones comfortable. Cruise Planners is a travel agency that helps people book cruises and anything related to travel, such as resorts, flights, and hotels. Get heaping discounts to books you love delivered straight to your inbox. Known as the girl in red, no red riding hood but just as adventurous to our taste buds, Wendy’s is Number 8 in rank out of the other fast food Franchises. Rankings and Ratings of Best Franchise Opportunities, Best Overall Franchises, Best Franchising Opportunities. 86 in 2019, Palm Beach Tan takes the final spot in our top 20 rankings. Despite the fact that the ice-cream franchise has been around since the 1940s, Baskin-Robbins continues to grow, adding 180 units over the past two years. We use a five-pillar system to evaluate the hundreds of entries we receive every year. Scrubbing floors and picking up garbage in the parking lot. Pizza Hut being number 12, is well known for its good pizza quality. They have everything at your fingertips, and generally, McDonald’s rules the fast-food industry. It appears that the company is betting on tech solutions and platforms that can optimize speed of service and make an already-fast place more accessible than ever. Each profile lists its investment financials, training, support, structure, & location for you to compare, in order to find the best franchise opportunity fit for you. That sort of growth helps it earn the top spot in the real estate category for 2020. Before we list out Top 10 profitable Franchises to Own/Buy 2020, we think there few points to be considered when you evaluate the best franchises opportunity: Initial Investment Cost and Franchise Fees: The total investment costs and fees should be checked completely. That is what UPS comes in at number 6, with a cost of $138,400-$470,000. Based on the number of inquiries each of these franchise and business opportunities received, we have compiled this list of the 50 best franchises to buy and own.The economy is thriving in 2020. “That’s telling you two things,” Jersey Mike’s COO Mike Manzo told Entrepreneur. So, even as the domestic market grows more crowded than ever, international business has allowed the Hut to thrive. “About a third of online purchases are returned,” The UPS Store president Tim Davis told our magazine. ... Below are some of the top picks from the best franchises to buy list. Usually, with popularity comes income; customers like things they know. Cruise Planners costs: $2,095- $22,867 which is really affordable. Packing and Shipping Companies Are More Important Than Ever. What makes 7 Eleven different from other convenient stores? The fact of the matter is that franchises are expensive but, do not fret; there is such a thing as what is deemed as cheap franchises and the best franchises to own. They have built over 100 independently owned and operated coffee shops across America over the past 20 years. Related: The 5 Best Burger Franchises You Can Buy (and How Much They Cost), Initial franchise cost: $1.1 million to $4.2 million, It’s fitting that a fitness franchise should run so lean. 2 in three different decades. Top 20 Tips on When to Sell Your Business, Top 20 Christmas Business Promotion Ideas. And as the majority rules, Smoothie King is number 7 and is for $263,600-$844,500. Not to mention that it’s home-based, which is a win-win for everyone. The key to this growth, as the newest issue of the magazine points out, is the company’s focus on convenience, which includes a POS system directly integrated into the Grubhub app and 4,800 U.S. location offering delivery. 1.” That’s the sort of energy we could all use in the New Year: letting go of the things holding us back and continuing to both grow and innovate. If you are interested in buying a franchise in 2020, you should consider the following hot and trendy franchise investment opportunities listed below. Not to mention that it’s home-based, which is a win-win for everyone. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to learn, include quality training, and brand strength. The UPS Store, Image credit: Seriously, people love good ice cream. The best franchises to buy in 2020 range from low-cost options to high-end, established nationwide brands. 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