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Best Restaurant Franchise Opportunities for 2024
Written by: Patrick Findaro
If you’ve been considering venturing into the world of restaurant ownership, franchising can be an appealing and less risky option. With the restaurant franchise industry witnessing a lot of growth, there is promising potential success that comes with choosing the right franchise. In this article, we will discuss the best restaurant franchises and what they provide for their franchisees and customers.
Contents
10 Best Restaurant Franchise Opportunities for 2024
Jersey Mike's
Total U.S. Locations |
2387 |
Net Unit Growth (3 years) |
776 |
Initial Investment |
$214K-$1.35M |
Royalty Fees |
7% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Jersey Mike’s is a great restaurant franchise opportunity for a potential franchisee. They are known for their delicious sandwiches. Also, they offer customers catering services for different events like an office party or a birthday party. Jersey Mike’s franchisees receive a comprehensive training program in addition to the continuous support of the operations personnel. They also receive marketing initiatives, assistance for their grand opening, and access to a supplier program. To maintain the high standards of the franchise system, franchisees are required to run their restaurants in full compliance with the operating standards and procedures outlined in the franchise agreement and manuals.
Domino’s
Total U.S. Locations | 6774 |
Net Unit Growth (3 years) | 622 |
Initial Investment | $107K-$683K |
Royalty Fees | 6% |
Estimated Profits | Click here |
Estimated Resale Value | Click here |
Domino’s Pizza, founded in 1960, is a very popular American pizza restaurant worldwide. They are mainly known for selling pizza. However, they also offer customers pasta dishes, chicken wings, breadsticks, salads, and a variety of desserts. As a franchisee, you will benefit from running your business under the name of a well-known and established brand like Domino’s Pizza.
Also, they will help you with marketing and advertising and give you access to several resources that will help you succeed.
Popeyes Louisiana Kitchen
Total U.S. Locations |
2946 |
Net Unit Growth (3 years) |
447 |
Initial Investment |
$110K-$3.7M |
Royalty Fees |
5% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Popeyes Louisiana Kitchen specializes in the sales of fried chicken, seafood, and others. Popeyes Louisiana Kitchen is ranked continually as the number one restaurant franchise by customers and franchisees. You will be allowed to operate using their name and trademark, but first, your location of business must be accepted, plus the fee of owning the franchise.
Taco Bell
Total U.S. Locations |
7513 |
Net Unit Growth (3 years) |
427 |
Initial Investment |
$576K-$3.37M |
Royalty Fees |
No royalty fees in particular, but there are other fees. To learn more please check their FDD. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Taco Bell is one of the most promising restaurant franchises with franchises across the US. Taco Bell offers its customers various priced, quality Mexican-style food for take-out and on-premises eating. Also, they offer their franchisees a skilled team to help them start the business in addition to anything they might need to start.
Chick-Fil-A
Total U.S. Locations |
2410 |
Net Unit Growth (3 years) |
273 |
Initial Investment |
$518K-$2.8M |
Royalty Fees |
No royalty fees. However, there are other fees. Check FDD to learn more. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Chick-Fil-A is known for its boneless fried chicken sandwiches which are considered to be one of the best fried chicken sandwiches in the country. As a franchisee, you will benefit from operating under a well-known and established name like Chick-Fil-A. In addition, Chick-Fil-A usually covers all the opening expenses which is something most franchisors don’t do.
Arby’s
Total U.S. Locations | 3415 |
Net Unit Growth (3 years) | 137 |
Initial Investment | $645K-$2.45M |
Royalty Fees | 4% of gross sales for traditional restaurants and 6.2% of gross sales for non-traditional restaurants. Check FDD to learn more. |
Estimated Profits | Click here |
Estimated Resale Value | Click here |
Arby’s is a famous fast-food chain with multiple locations across the globe. They are known for their sandwiches, wraps, and side dishes. They also serve different kinds of desserts. As a franchisee, you will receive training programs, marketing assistance, and access to their proprietary software systems. In addition, you will have access to their resources as they support your franchise to succeed.
Papa John’s
Total U.S. Locations | 3180 |
Net Unit Growth (3 years) | 114 |
Initial Investment | $102K-$975K |
Royalty Fees | Check FDD to learn about royalty fees. |
Estimated Profits | Click here |
Estimated Resale Value | Click here |
Papa John’s is one of the largest pizza chains in the United States and worldwide. As a franchisee, you will receive the right to use Papa John’s trade names, logos, service marks, and other commercial symbols in connection with the operation of the franchise. Also, you will be required to purchase food and supplies from suppliers approved by Papa John’s.
Wendy’s
Total U.S. Locations |
5994 |
Net Unit Growth (3 years) |
96 |
Initial Investment |
$321K-$4.62M |
Royalty Fees |
Varies between 4-6% of gross sales. Check FDD to learn more. |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Wendy’s is one of the most popular fast-food chains and it is considered the third-largest hamburger fast-food chain in the world. Wendy’s offers its customers several menu items including hamburgers, chicken sandwiches, Frosty desserts, and soft drinks. As a franchisee, you will receive support from their corporate team, and you will have access to proven marketing and operational strategies offered by Wendy’s. However, you will be responsible for hiring and training staff, ordering supplies, promoting the business, and other things that are necessary to run your own Wendy’s franchise.
Five Guys
Total U.S. Locations |
1458 |
Net Unit Growth (3 years) |
49 |
Initial Investment |
$306K-$641K |
Royalty Fees |
6% |
Estimated Profits |
Click here |
Estimated Resale Value |
Click here |
Five Guys is a fast-food chain that is known for selling delicious hamburgers in addition to hotdogs and fries. They’re also a great restaurant franchise. As a franchisee, you will receive comprehensive training on different topics including restaurant operations, marketing, and financial management. Also, you can get help from the company online, through their website, or by setting up conference calls.
Del Taco
Total U.S. Locations | 591 |
Net Unit Growth (3 years) | 5 |
Initial Investment | $863K-$2.47M |
Royalty Fees | 5% |
Estimated Profits | Click here |
Estimated Resale Value | Click here |
The one and only Del Taco has been in business for more than 50 years. In those 50 years, Del Taco has proven to be one of the leading restaurant franchises of fast-growing Mexican quick-service restaurants. They are expanding rapidly across the US. they offer its franchisees a special support team plus anything they might need in the future.
Conclusion
This article offers you a viewing point of what the best restaurant franchises are and what are the benefits of investing in those franchises. We ask you to take all of these top restaurant franchises into consideration, but you should choose the franchise that best fits your needs and is within your budget range.
