Five Most Expensive Franchise Types
There are thousands of franchises in all type of industries, some of which can be started for as little as $25,000 and some of which require millions of dollars. Here are five of the most expensive industries for franchise businesses:
Hotels and motels are generally the largest franchises and are far and away the most expensive. Hotel and motel franchises of all different price and quality levels cost a couple of million dollars to begin. The real estate is expensive to begin with, and then building out the hotel property costs a lot more property size. One of the most expensive franchises in this area may be the Doubletree by Hilton, which can cost upwards of $50 million to get started.
While not all franchises in this category are very expensive, many of the biggest fast food names, such as McDonald's and Burger King charge higher franchise fees than some lesser-known chains for the universal power of their brand names.
This category is dominated by large national names like 7-Eleven that cost about a million dollars. Only some locations have a gas station, but that addition significantly tacks on to the total costs.
The massive commercial space necessary for a storage franchise is the biggest expense incurred
At the Intersection of Office Coffee, Subscription Revenue, and Opportunity
In a $400+ billion global coffee market, office coffee-as-a-service remains the great untapped opportunity (cold brew pun intended).
Frozen Yogurt Franchises Are Freezing Over America
Yes, all of the aforementioned stores offer frozen yogurt. And most of the products they offer are kosher, fat-and gluten-free, all-natural, and filled with probiotics found in “regular” yogurt that support immune health. Speaking of Pinkberry: Where does the equally colorful, both in name and storefront, Red Mango get off throwing around allegations of copycatism?
Understanding Franchise Opportunity Rankings: The Entrepreneur Franchise 500
The Franchise 500 list is the most well-known and commonly cited of the various franchise rankings, but some confusion surrounds the methodology behind Entrepreneur's ratings. Through a series of articles on FranchiseHelp.com, we'll take a closer look at what goes into compiling these rankings (those from Entrepreneur and those from other sources) and what a prospective franchise buyer can glean from them when trying to make an informed decision about joining a particular franchise system.