Whether franchise ownership represents freedom from the corporate world, the fulfillment of a lifelong goal of small business ownership, or an addition to your business portfolio, franchising has long proven to be a strong investment option for many.
Owning a franchise can give you a tested business model with brand awareness while benefiting from training and ongoing support. However, like any investment, purchasing a franchise is not a guarantee of success. With so many franchise opportunities in the market, it’s important to do your due diligence before making the leap.
Franchise Gator recently released its annual Top 100 list for 2018, ranking the top expanding franchise systems considered to be solid investments. The list highlights some lesser known concepts that are also more affordable than some of the more well-known franchise brands in the country. Hundreds of Franchise Disclosure Documents (FDD’s) were reviewed in the making of the list, focusing on unit growth, financial health, and franchisee satisfaction, among other aspects.
Here are five franchise opportunities that appear on the Top 100 and rank highest in their industry.
Ranking #4 overall and the leading Senior Care franchise, BrightStar Care provides a full range of home care services from companionship, bathing, and hygiene assistance to in-home infusions and medication management. With more than 300 independently owned and operated locations nationwide, BrightStar offers franchisees multiple services and multiple revenue streams, a scalable business model, and access to national accounts while being supported by a proven business model.
Pest control is an $11.4 billion industry mainly due to an increased concern surrounding mosquito-borne illnesses. Ranked #59 overall and the leading Mosquito Control franchise, Mosquito Joe is a recognized leader in this industry earning numerous awards including Inc. 5000 Fastest Growing Private Companies in America, Franchise Business Review’s Top Low Cost Franchise, and Entrepreneur Magazine’s Top Franchise Brands for 2017.
Mosquito Joe’s is a low cost, low investment opportunity offering extensive training and support with well-known branding and a recurring revenue business model. Also, as a home-based business, you can continue to work your current job while starting up your Mosquito Joe franchise eliminating potential risk.
Christian Brothers Automotive
Founded on the principles of delivering honest, trustworthy, and transparent customer service, Christian Brothers Automotive is ranked #19 overall and the top Automotive franchise. Dedicated to serving their customers and their communities, Christian Brothers Automotive has more 165 locations across 24 states.
To ensure each and every franchisee is set up for success, this award-winning franchise makes significant upfront investments in purchasing land and building the location while also providing extensive training and support. And, if you’re worried about having automotive industry experience, it isn’t necessary. This franchise seeks out candidates who possess a strong business background with proven leadership experience and entrepreneurial spirit.
Ranked #7 overall and the top Cleaning and Maintenance franchise, MaidPro approaches franchise ownership with a more open and flexible business model allowing each franchisee to leverage their own creativity and knowledge. With more than 225 units nationwide, MaidPro offers franchisees steady and recurring revenue, affordable start-up costs, and a product that is always in demand.
MaidPro was named Franchise Business Review’s Top 50 Franchise, awarded Boston Business Journal’s Best Places to Work in 2016, and ranked to Entrepreneur Magazine’s Franchise 500.
Pillar To Post
Founded in 1994, Pillar To Post is North America’s largest and fastest-growing professional home inspection franchise. Ranked #17 overall and the top Home Inspection company by Entrepreneur, today the company has grown to over 515 franchises across the US and Canada. Additionally, the have received a Franchise Business Review Top 50 Award winner for Top Franchisee Satisfaction
Pillar to Post offers franchisees hands-on and in-market training therefore no technical experience is required. You are also provided with a dedicated Start Up Director to coach you through the launch and operations for the first year of your business. It also has one of the lowest franchise fees and initial investment in the industry.