Choosing the Right Franchise

The Best Franchises to Launch for 2016

Can’t decide what franchise to launch, simply because there are so many options out there? Here’s a list of the best franchises right now. They’ve proven to franchisees to be valuable investments, easy to work with, and highly profitable.

#1. Expedia CruiseShip Centers

If the idea of helping people plan exciting vacations thrills you, consider investing in an Expedia CruiseShip Center. As a franchise owner, you will be a part of one of the most recognized names in travel, Expedia. These franchises feature travel agencies specializing in cruises, and you and your staff will work with customers to plan their cruise experiences.

Why to Consider it: Expedia CruiseShip Centers have experienced an average growth rate of 20% each year, far exceeding other travel agency franchises. There are approximately 220 independently owned franchises and more than 4,100 Vacation Consultants across North America.

Minimum Cash Required: $50,000

The Best Franchises to Launch for 2016

#2. Jimmy John’s

More interested in a food franchise? Jimmy John’s Sandwiches is a lucrative opportunity for franchisees this year. This sandwich concept fast food business focuses on quality food and world-class service.

Why to Consider it: Because Jimmy John’s isn’t your typical burger-and-fries fast food joint, it stands out in a sea of sameness. Average 2015 annual sales were $1,326,276, and will only grow from there. In addition to revenue potential, the franchise puts a great deal of attention on training new franchisees through an intense 17-day training program and 4-week apprentice program. And Jimmy John’s franchise owners love their businesses so much, most of them open a second store within two years of the first.

Minimum Cash Required: $80,000

#3. E2 Young Engineers

If teaching children brings you joy, consider E2 Young Engineers for your franchise investment. Offering a flexible work schedule, this franchise uses a proprietary curriculum focused around using LEGO® and K’nex® bricks, combining education and entertainment.

Why to Consider it: This education franchise is hot: in just two and a half years, it has spread to 27 countries. Franchisees love it because it offers multiple options to diversify revenue streams.

Minimum Cash Required: $33,500

#4. HomeVestors

You’ve likely seen those “We buy ugly homes” signs, but maybe didn’t know much about HomeVestors. With this real estate franchise opportunity, you don’t have to be a professional real estate investor or licensed real estate professional to buy a franchise; you just have to have interest.

Buying and selling homes provide ample opportunity for high revenues, and with the housing market on the rise, the potential only gets greater over time.

Why to Consider it: The brand advertises itself heavily, which you will benefit from as a franchisee. HomeVestors is the #1 real estate franchise, as well as the #1 home buyer in America. There are more than 725 independently-owned and operated franchises in the US, so you will be in good company.

Minimum Cash Required: $18,000

#5. Little Caesars

One of the most recognized pizza franchises in the country, Little Caesars is one of the hottest franchises in 2016. The fact that the brand has been in business since 1959 means that you have decades of proven success, as well as tons of marketing and advertising to help you grow. In fact, the franchise is so popular, the brand offers qualified franchisees territory reservation agreements so that they can expand their franchise reach over time.

Why to Consider it: Little Caesars works with preferred lenders, so even if you don’t have the upfront cash, financing your franchise is an option.

Minimum Cash Required: $100,000

These are just a few of the franchise opportunities that are currently seeing phenomenal growth in the industry. If one of them appeals to you, use our Franchise Directory to reach out and connect with them.

Image: Photospin

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