Top Franchise Opportunities to Open
To the investor in search of viable investment opportunities, this article focuses on some of the top franchise opportunities for 2020. These franchise opportunities have been tested and proven to be the investors’ delight, and are backed by years of commitment to the ideals of excellence and professionalism.
It focuses on important information such as the startup costs involved, the franchise fee training and support among others.
We begin the list including some up and coming franchises too;
Hardee’s is a restaurant chain that opened shop in Greenville, North Carolina. Founded by Wilber Hardee in 1961, Hardee’s restaurant specializes in the provision of products as biscuits, chicken, and burgers. A subsidiary of the CKE Restaurants Holdings Inc. opened its franchising arm in 1962 and has Andrew Puzder as its CEO. Its current headquarters is located at St. Louise Missouri.
The opportunities available to its franchisees are enormous, as they can benefit from a national brand with increasing potentials for growth.
Hardee’s Franchise Startup Cost
There are associated startup costs that must be incurred in the course of owning this franchise opportunity. These consist of the following; an initial investment sum starting from $1,426,500 to $1,949,000, a liquid cash requirement of $300,000, and a net-worth requirement of $1,000,000.
These are mandatory requirements for all interested franchise candidates. Failure to meet these requirements results in outright disqualification.
Hardee’s Franchise Fee
The Hardee franchise requires that prospective franchisees meet its franchise fee requirements to qualify for consideration. The franchise fee includes an “initial franchise fee” starting from $25,000 to $35,000.
Under its financing options arrangement, the franchisor makes available financing covering the franchise fee. To qualify for this, its franchisees need to meet certain criteria.
Under its veteran incentives program, the franchisor makes available an impressive 50% discount off the franchise fee for all veterans applying for this franchise opportunity.
Hardee’s Franchise Ongoing Costs
The Hardee’s franchise has certain ongoing costs all its franchisees are required to incur. These include an ongoing royalty fee of 4%. There is also an advert royalty fee of up to 7% to all its franchisees.
These fees, however, depend on the size of the purchased franchise, as bigger-sized franchise units typically pay higher ongoing costs.
Hardee’s Franchise Training and Support
All Hardee’s franchisees undergo a comprehensive training session to acquaint them with the procedures involved in efficiently running this franchise opportunity. The training sessions typically last one week at its corporate headquarters, including a 10-week on-site training. Support covers areas that include security, field operations, internet services, newsletter publications, and a grand opening ceremony.
Hardee’s Franchise Application and Terms of Agreement
The Hardee restaurant franchise has not disclosed its franchise terms of agreement and renewal, however, this vital information will be supplied in the Franchise Disclosure Document (FDD) presented to the franchisee. The document contains all its terms of the agreement, including the renewal status, and the conditions if any for renewal.
How to Start a Hardee’s Franchise
To own a Hardee’s franchise opportunity, a seamless application process has been designed to ensure that prospective franchisees encounter minimal difficulties. Simply log on to the franchisor’s website on https://www.franchise.org/hardees-franchise, there is an online application form available.
Carefully fill this form and submit. Successful candidates are contacted for further investment discussions, leading to the eventual ownership of the franchise opportunity.
The Ace Hardware Corp. franchise founded by four store owners who pulled resources together to bring this to reality was founded in 1924. Specialized in the provision of home improvement services, and related hardware products, the Ace Hardware Corp. commenced franchising in 1976.
Today, it has John Venhuizen as its CEO and has its corporate headquarters located in Oak Brook, Illinois.
This franchise opportunity presents immense possibilities to prospective franchisees, as it has an international presence, with its operations currently spread across 7 countries.
Ace Hardware Corp. Franchise Startup Costs
This franchise opportunity requires that all interested franchisees meet its startup costs which consist of the following; an Initial Investment sum starting from $272,500 to $1,561,500, a Liquid Cash requirement of $250,000 and a Net-Worth requirement sum of $400,000.
Ace Hardware Corp. Franchise Fee
Ace Hardware Corp. franchise has franchise fee requirements all interested prospective franchisees are expected to meet if their applications must be considered. Prospective franchisees are expected to meet its Initial Franchise fee which starts from $5,000.
A financing option is made available by the franchisor through a third-party financing arrangement that covers the franchise fee.
Under its Veteran Incentives program, Ace Hardware Corp. waives off the franchise fee for all veterans applying for this franchise. This is its way of appreciating military veterans for services rendered to their country.
Ace Hardware Corp. Franchise Ongoing Costs
All franchisees interested in this franchise opportunity are required to pay certain ongoing costs. However, the franchisor has not disclosed these ongoing costs, nevertheless, these costs will be fully specified in the Franchise Disclosure Document (FDD). Also, the ongoing costs vary according to franchise size.
Ace Hardware Corp. Franchise Training and Support
This franchisor, in a bid to ensure the success of its franchise, organizes training sessions lasting more than a week, conducted at its corporate headquarters. There is an additional on-site training lasting more than two weeks.
Support covers several key areas that include newsletter releases, a toll-free line, security, and field operations. Others include meetings, a grand opening ceremony, and purchasing cooperatives.
Ace Hardware Corp. Franchise Term of Agreement/Renewal
As contained in the Franchise Disclosure Document (FDD), Ace Hardware Corp.’s terms of the agreement specify the renewal for this franchise opportunity. Being a document that regulates the business relationship between the franchisor and franchisee, it helps in greatly reducing conflicts by ensuring that both parties agree on their specific roles and the proper implementation of these roles.
How to Start an Ace Hardware Corp. Franchise?
Owning this franchise opportunity requires that the prospective franchisee indicates his/her interest through an online application process. Visit the franchisor’s website on https://myace.com/ and click on the “click here to invest button.”
This leads to an easy-to-follow application process, with provisions made for different investment sizes. The franchise candidate is adequately guided during the application process through the supply of necessary information that will help ensure the investor takes informed decisions.
- Wingstop Restaurants Inc.
Founded in 1994 by Anthonio Swad and specialized in the provision of its signature chicken wings, the Wingstop Restaurants opened its franchising arm four years later in 1998. Its corporate headquarters is located in Dallas, Texas, and Charlie Morrison is its CEO.
This franchise opportunity presents an investment opportunity in the restaurant chain sector, its franchisees are assured of their investments through the provision of a successful working business model to follow.
Wingstop Restaurants Inc. Franchise Startup Costs
This restaurant franchise opportunity has attendant startup costs that must be incurred by its franchisees. These include an Initial Investment sum starting from $303,176 to $922,930, a Liquid Cash requirement of $600,000, and a Net-Worth requirement of $1,200,000.
Wingstop Restaurants Inc. Franchise Fee
The Wingstop Restaurants Inc. franchise has a franchise fee required for all its franchisees. The franchise fee is in the form of an Initial Franchise fee starting from $20,000. Also under its financing options, the franchisor has made financing provisions to cover the franchise fee mainly through third-party financing.
The Wingstop Restaurants franchise also runs a veteran incentives program that provides veterans a $15,000 discount off the first store franchise fee. This is its way of appreciating veterans for their selfless service to their nation.
Wingstop Restaurants Inc. Franchise Ongoing Costs
The Wingstop Restaurants franchise has associated ongoing costs its franchisees are required to pay. These ongoing costs include an ongoing royalty fee of 6% and an advert royalty fee of 2%. These ongoing fees vary according to the franchise size.
Franchisees owning bigger sized franchises pay higher than those with smaller sized franchises who typically pay lesser ongoing costs.
Wingstop Restaurants Inc. Franchise Training and Support
The training and support provided by the franchisor to its franchisees last 24 days, held at its corporate headquarters. There is also an on-site training which lasts 10 days. These are aimed at ensuring there is a comprehensive transfer of knowledge and skills for the efficient functioning of the franchise under the franchisor.
The franchisor also provides robust support for all its franchisees. The areas covered under its support include security, a grand opening ceremony, and periodic meetings and newsletter releases. Others include internet services, a toll-free line, and field operations.
Wingstop Restaurants Inc. Franchise Application and Terms of Agreement
All details of its renewal agreement are all contained within its terms of agreement found in the Franchise Disclosure Document (FDD). This term of agreement governs the business relationship entered into between the franchisor and franchisee.
All parties are expected to abide by the agreed terms. The terms of the agreement containing the renewal arrangement all have legal backing.
How to Start a Wingstop Restaurants Inc. Franchise
To own a Wingstop Restaurant Inc. franchise opportunity, first, visit the franchisor’s website on https://www.wingstop.com/own-a-wingstop/. Click on the “own a Wingstop” button. You will be immediately redirected to a page where you will be required to fill in your details, including other investment details such as your net-worth, plus other related details.
The franchisor contacts you using the contact details supplied by you in the application process if your application qualifies. Further investment discussions are then entered into between both parties (franchisor/franchisee).
The McDonald’s franchise is among the most popular franchise opportunities in the world. Specializing in services that include salads, beverages, burgers and chicken, the McDonalds franchise was founded in 1955. With Steve Easterbrook as its CEO and its corporate headquarters located in Oak Brook, Illinois, the McDonalds franchise opened its franchising arm the same year it was founded in 1955.
Interested franchisees have the opportunity of owning a global brand with a track record of excellence. Franchisees only need to carefully follow the business model to replicate the success of the parent franchise.
McDonalds Franchise Startup Costs
There are startup costs all new McDonald’s franchisees must incur. These are mostly in the form of an Initial Investment sum starting from $1,003,000 to $2,228,000, and a Liquid Cash requirement starting from $500,000.
Ownership of this franchise opportunity depends on fulfilling these criteria.
McDonalds Franchise Fee
The McDonalds franchise requires a franchise fee in the form of an Initial Franchise fee starting from $45,000. The franchise fee requirement is to be fulfilled by all interested franchise candidates. The McDonalds franchise has not made available information on financing sourcing covering the franchise fee.
However, full disclosure will be available in its Franchise Disclosure Document (FDD) that will be presented to prospective franchisees, as it contains all its terms of the agreement including financing.
McDonalds Franchise Ongoing Costs
The McDonalds’ franchise has certain ongoing costs to be paid by the franchisee. These ongoing costs include an Ongoing Royalty fee of 4% and also an Advert Royalty fee of 4%. The ongoing cost is not fixed, as the size of the franchise purchased will greatly influence the ongoing cost to be paid.
McDonalds Franchise Training and Support
The McDonalds franchise has made provisions for the compulsory training of all its new franchises. The length of training includes the following; an on-site training session lasting a period of 6 to 24 months. Also, there is a training session that varies with locations. This training session takes place at McDonald’s corporate headquarters in Illinois.
In the area of support, the McDonald’s franchise provides support covering critical areas such as security, a grand opening ceremony, periodic meetings, and newsletter releases. Others include field operations and internet services.
McDonald’s Franchise Application and Terms of Agreement
Under the McDonalds franchise agreement, there are no provisions for the renewal of the franchise contract. This means that immediately the franchise term elapses, the franchisor takes closes every franchise transaction whatsoever with the franchisee.
The McDonald’s terms of agreement document control the business relationship between both parties, specifying exactly the roles to be played by both the franchisor and franchisee. All of McDonald’s franchisees are required to abide by these terms of the agreement.
How to Start a McDonald’s Franchise
To own a part of this global franchise opportunity, expression of interest needs to be done by the franchise candidate.
Simply visit the franchisors franchising website on https://corporate.mcdonalds.com/corpmcd.html, there is a provision for franchises candidates seeking franchise opportunities within the United States.
This is named “US Franchising,” while there is an “International Franchising” provision for franchise candidates seeking McDonald’s franchise opportunities outside the shore of the United States.
Select the option most suitable for you, and you will be redirected to a page containing a detailed application process. The whole application process has an easy-to-follow format, to ensure that little or no mistakes are made.
The Dairy Queen franchise specialized in the provision of services such as ice cream, burgers, and the chicken was founded by J.F McCullough in 1940. A subsidiary of IDQ Inc. this franchise opportunity has its corporate address located in Minneapolis, Minnesota. It opened its franchising arm four years after it was founded in 1944. John Gainor is its current CEO.
Dairy Queen franchisees have presented an opportunity of owning a successful brand that has witnessed impressive growth over the years. With the support and training provided, franchisees are given the needed guide in replicating the successes of the parent franchise.
Dairy Queen Franchise Startup Costs
The startup costs required for full ownership of a Dairy Queens franchise include an Initial Investment sum starting from $361,450 to $1,835,825, a liquid cash requirement of $400,000 and a net-worth requirement of $750,000. These are key requirements all franchise candidates must possess to be considered for ownership.
Dairy Queen Franchise Fee
The Dairy Queens franchise has a franchise fee requirement that consists of the Initial Franchise fee starting from $25,000 to $35,000. However, there is a third-party financing source facilitated by the franchisor that provides financing covering the franchise fee. Under this arrangement, qualified franchisees are offered financing that covers this vital area of investment.
Dairy Queen Franchise Ongoing Costs
All Dairy Queens franchisees attract an ongoing cost that consists of the following, an ongoing royalty fee of 4%, and an advert royalty fee hovering between 5 to 6%. These ongoing costs are requirements that must be fully met.
However, the ongoing costs differ according to franchise types. Bigger sized franchises would attract higher ongoing costs consisting of both the ongoing royalty fee and the advert royalty fee, while smaller sized franchises typically attract less ongoing costs.
Dairy Queens Franchise Training and Support
The Dairy Queens franchise provides mandatory training to all its new franchises to acquaint them with successfully running their franchises. This training session consists of a 33-day on-site training.
Under its support, Dairy Queens franchise makes provision for robust support, through areas that include periodic newsletter publications and meetings, field operations, internet services, a toll-free line, and a grand opening ceremony. These provide much-needed guidance to its franchisees especially during periods of difficulties.
Dairy Queens Franchise Application and Terms of Agreement
The Dairy Queens Franchise terms of the agreement last 20 years. However, if the franchisee wants to renew these terms of the agreement, the franchisor has allowed for a renewal lasting a term of 10 years. This provision allows for the flexibility of continuity or exit.
How to Start a Diary Queens Franchise
Owning a Dairy Queens franchise opportunity requires that the franchise candidate meets the above-named criteria.
The application process is easy! Simply log on to the franchisor’s website on https://www.dairyqueenfranchising.com/ and click on the “franchise with us” section.
This redirects to the detailed application page where everything has been optimized for easy application experience.
Your details including financial are required.
LIST: Low Franchises Under 5k
If your application qualifies, a Dairy Queens franchise representative contacts you for further investment discussion.
This article has focused on the top franchise opportunities for 2020, providing basic details such as the costs of the franchise plus the training and support among other details. These are aimed at providing the franchise candidate adequate information to aid in making informed investment decisions.