Every person in the world wanted to start some business to earn their living and meet their expenses as well. There are many types of businesses all around the world according to the interest and specialty of the people. This article is based on the top 10 most expensive franchises to start which is included according to the Entrepreneur magazine which has shown 500 expensive franchises in their latest issue. It includes all types of businesses which can be restaurants or hotels which need almost more than $1 million only to have a franchise of these kinds of hotels. It is the first investment which is done to start their business with well known and famous brands of the world and then they can make it more profitable to earn profits after deducting their costs as well. These big franchises have high brand equity in the market which is worth purchasing at these high prices to have much profitable and successful business in future.
The following are top 10 most expensive franchises to start in the whole world:
McDonald`s is very well known fast food restaurant in the world which has been operated by more than almost 2,400 operators. It is also named as one of the most successful and famous franchises of the world. It also provides special training programs to the franchisers to set their policies and standards to maintain their standard of products and environment. Their new franchises can be obtained from their existing McDonald branches. The startup cost of franchise is almost $1.1-$1.9 million.
9. Denny`s Inc:
Denny`s Inc is the restaurant which has faced much decrease in their sales in 1990 and then they started to improve the quality of their products and gaining more control on their franchises to maintain their standard. It has also advertised on social media about their free breakfast to attract more people and it was estimated that almost 2 million new customers came to eat there. It has also added almost 126 new franchises in different parts of the world in 2010 with the starting cost of $1.1-$2.4 million which also has 4% franchise royalty.
Again here comes an expensive fast food chain of the world with the name Hardees which offers its franchise with the startup cost of $1.2-$1.6 million with the added 4% franchise royalty. It has almost 1,925 restaurants all around the world. It has recently expanded its new branches in different places like Georgia, Maryland, Indiana, Illinois, Florida and some others. It is quite famous among the people and loved as well.
7. Carl`s Jr:
Carl`s Jr is the restaurant which has almost 1,100 restaurants all over the world and among those 300 of them are dual branded. This brand has much predominant in the market of West Coast and some other new states like Texas, Washington, Hawaii and Colorado. The owner of franchise much agree to have almost 3 minimum restaurant which have the startup cost of $1.3 million-$1.8 million with the further added 4% franchise royalty.
6. KFC Corp:
KFC is also a well-known name in the world of fast food which provides the franchise at the startup cost of $1.30 – $2.5 million with the added 5% franchise royalty. It is estimated that it has more than 12 million customers which are available in 109 different countries of the world. The brand claims that it controls almost 43% of the chicken quick-serve restaurant in the whole US market and 80% of their franchises are located in different countries which has made this brand popular among the people.
5. Buffalo Wild Wings:
Buffalo Wild Wings which has started their business with a buffalo-style wings and then with the success of the company they are further grown to almost 41 different states of the world with 600 restaurants there. It has focused on very powerful branding to catch the attention of the people at the top locations and high visited areas there. The franchise of this company is available at the startup cost of $1.4-$3.2 million with the further added 5% franchise royalty for the franchisee.
4. Culver`s Custard:
Culver`s Custard is the restaurant which owns almost more than 400 hotels all around the world. The startup cost to start its franchise is $1.7-$2.8 million with the added 4% franchise royalty. It also provides the training for almost 16 weeks to make the franchise successful. The opening process also provides 4 additional weeks to learn about the processes and working environment in their restaurants all around the world.
It is the company which works a lot to provide all kinds of training and guidance to the people starting it up successfully. They have certain requirements to start franchise which includes more than 30,000 cars and 60,000 square foot pad as well and the daily population there is almost 18,000. The startup cost charged by this company is almost $1.8-$7.6 million with the further added 5% franchise royalty for the franchisees. It is expensive to own its franchise but is quite profitable for the owners.
2. Golden Corral:
Golden Corral is considered as the largest grill-buffet chain in the whole country, and it was estimated that it opened almost a single franchise after every 17 business day working on average there in 2009. The liquid capita of this company is $500,000 while the net worth value of $2,500,000. The startup cost of its franchise if $2.1-6.4 million with the further added 4% franchise royalty for the people owning its franchise. It is a very profitable franchise to own to earn more profit and successful business in life.
1. Amazing Spaces:
Amazing spaces is a self-storage company in the world which claims their annual sales are almost $22 billion which is an amazing and unexpected thing in the world of business. It provides much convenience and security at low costs which are their main features and all their units are made with monitored door alarms and loading areas are also fully covered. The startup cost of this franchise is $2.2-$7.2 million with the further added 6% franchise royalty. It is an expensive one to own but is the most profitable business of the world which is worth investing to do successful business.
Most Expensive Franchises to Start – Top Ten
|1||Amazing Spaces||$2.2 to $7.2 Million|
|2||Golden Corral||$2.1 to $6.4 Million|
|3||Amp||$1.8 to $7.6 Million|
|4||Culver`s Custard||$1.7 to $2.8 Million|
|5||Buffalo Wild Wings||$1.4 to $3.4 Million|
|6||KFC Corp||$1.3 to $2.5 Million|
|7||Carl`s Jr||$1.3 to $1.8 Million|
|8||Hardees||$1.2 to $1.6 Million|
|9||Denny`s Inc||$1.1 to $2.4 Million|
|10||McDonald`s||$1.1 to $1.9 Million|
There are many companies which are different in nature and include hotels; manufacturing, restaurants, etc. wanted to open their different branches at different locations in the world to enhance their business. All these companies explained above are very successful and are expensive to pay their startup cost to obtain their franchise in your respective area. These franchises provide much profitable and successful business to the people with proper training and policies which are to be followed there as well.