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The Best Types of Franchises to Own

The Best Types of Franchises to Own

Franchise ownership is on the rise. Learn about the best types of franchises to own.

Franchise ownership is on the rise in the United States and across the globe due to the freedom, structure, and stability it offers to those who might want to avoid the potential risk and uncertainty involved in opening a business on their own.  If you too are ready to make the jump into franchising, the first question you should consider is which franchise network to buy into.

The answer depends on your interests, the amount of money you’d like to invest upfront, and your location. However, there are some clear standout franchisors worth looking into.

Publications like Entrepreneur, Business Insider and Franchise Direct all publish yearly lists of the franchises they rank the highest. While the rating scales on these lists vary,  they all have a few things in common. The franchises on their lists are well-known, stable, and offer good infrastructures that help their franchisees grow their business.

If you look at some of the most common names on these lists: 7-Eleven, McDonald’s, Hilton, The UPS Store, and Great Clips, you’ll notice a few things—they’re all  recognizable brands, their logos are familiar, and you know what to expect when you walk into any of these businesses. Whether it’s in your hometown or across the country, these franchises have a business structure and plan that deliver quality and familiarity to their customers.

While new businesses often struggle with generating awareness and becoming well-known in their area, buying into a franchise system can help alleviate some of that struggle for the business owner. Established franchises are often known by name and that recognition helps drive customer traffic. If you’re opening a McDonalds, you don’t have to become known as the place for burgers– the name is already synonymous with the product. The franchisor has done much of the hard work for you.

Franchise rankings are based on network size, growth rates, years in franchising, financial strength, and overall stability of the franchise. Also taken into consideration are training programs, marketing efforts (which includes a presence in social media), and assistance available to franchisees. Because there are a number of factors that go into the ranking, and those factors vary by publication, check into the specific areas that you know are important to you. Whether that’s the training program offered, financial assistance for franchisees, or franchise and royalty fees.

Beyond those things, make sure you’re looking at the right industry. Many people think of fast food or quick service restaurants first when they think of franchises. If you’re looking beyond the food industry, there are a number of other franchises to choose from. When looking at the ranking lists mentioned or doing your own research, look for top franchises in the industry in which you’re interested. It doesn’t matter if there are 15 restaurant chains that are ahead of your franchise system if you’re interested in the shipping and packing business, for example. Find the industry that suits you and then look into the top franchises within that specific market.

When you consider investing with a “best of” type of organization, it means you’re more likely to be putting your hard-earned money into a business that can have lasting value, giving you the best possible start.

Entrepreneur's Franchise Top Rated for Veterans in 2020 badge

We Proudly Support Our Veterans

Participating partners with the VetFran program, The UPS Store offers qualifying veterans $10,000 off their franchise fee to start their new business. To learn more, contact The UPS Store Franchise Development Team.

Entrepreneur's Franchise 500 Ranked #3 in 2021 badge

Ranked for over 30 Consecutive Years

The UPS Store has been ranked #1 in the postal and business services category for over 30 years and remains in the top 5 overall for the fifth consecutive year according to the Franchise 500 list.

Kristin Howard

Franchisee, Michigan

The reason my husband and I decided to go into franchising and specifically with The UPS Store, is the different opportunities we're given with the business. The UPS Store has name recognition as well as opportunities to expand.

Debbie Adams

Franchisee, Kentucky

What I enjoy most about being a The UPS Store owner is working with my customers. We are the solution specialists for our customers.

Jim George

Franchisee, Illinios

My favorite part about The UPS Store network is the camaraderie with other franchisees. Everybody loves to help everybody else. You’re really part of a family.

Greg Murray

Franchisee, Florida

The interesting thing about The UPS Store is that when a customer walks through the door there's an extremely high probability that they're coming there to do something that is important to them. So at the end of the day, what we do for customers is very important and they are trusting that we are going to do it well.

See the Full Testimonial

Mariana Huberman

Franchisee, Washington, D.C.

One of the things that I love about The UPS Store franchise system is that you're not ever in this by yourself. The franchisees of The UPS Store network are great.

Heidi Morris

Franchisee, Colorado

The thing I enjoy most about being a The UPS Store franchisee is I get to get up, go to work and know that I'm helping other business owners succeed in what they're doing.

Bob Brown

Franchisee, Tennessee

Owning a The UPS Store franchise has changed my life because it's finally given me the opportunity to engage my customers and my staff and be able to take real pride in what I do. As a franchisee, we get faced with solving peoples' problems every day and we do everything we possibly can to try to help.

Marie Jensen

Franchisee, Oregon

My favorite thing about The UPS Store is the variety. I love the variety of customers, I love the variety of services; getting to know the customers, meeting their needs, finding out how we can help them accomplish what they need to accomplish and seeing how happy they are. That makes me ecstatic.

Tad Mollnhauer

Franchisee, Florida

With the products and services that The UPS Store provides we can make a difference in people's lives and that is the best reason for being a The UPS Store owner.

Joy Batchelor

Franchisee, Idaho

What makes being a The UPS Store franchisee worthwhile at the end of the day is the customers. The customers treat us like we're family.

Paul Erchinger

Franchisee, Texas

One nice benefit of owning a The UPS Store franchise for me has been that it gives me the opportunity to be more involved in the community. As I make relationships with others it seems like no matter what the environment is, in one way or another business comes out of that and that's not my objective—it's been a secondary benefit to being involved in the community.

Chris Reminder

Franchisee, Ohio

There are several things that I really enjoy about being a The UPS Store franchisee. First and foremost it allows me to get to know the people in the local community and that is a lot of fun. We get to see people on a regular basis. We get to know their life stories. That's a lot of fun.

Bruce Jones

Franchisee, Kentucky

Since we have joined The UPS Store, our life has changed by just having more time to spend together as a family. We've been very fortunate with the stores that we have and we have a great staff that looks out for our best interest and we look out for theirs.

Lonnie Williams

Franchisee, Oklahoma

What makes The UPS Store so successful is it gives each individual an opportunity to grow with the network and just meet the challenges that are brought to them on a daily basis. Every day gives us a new opportunity to help another person, to help another small business, to answer a question and to solve a problem.

Jeff Graham

Franchisee, Alabama

I love my customers. I love my employees. I love every person, every face that comes into my store. I enjoy every day going into work and I can't see doing anything else for the rest of my life.

Stacie Stigar

Franchisee, Alaska

I think that this franchise is so successful because of all of the resources that are available to us as center owners—we have marketing materials, we have so many different opportunities for help from the home office, and it just really makes for a great franchise.

Don Pollard

Franchisee, New Jersey

I think the thing that makes this franchise successful is a number of things. First of all we have an outstanding system, we have a great product, a great brand, and we're able to attract dynamic people to run these centers and run the business. So I think when you put all that together it really provides for a winning combination.

Mary Ellen Nichols

Franchisee, Tennessee

The thing I love about the franchise is that you have the UPS name backing you but yet you also have the autonomy to make your own decisions to promote.

Laura Griffin

Franchisee, Florida

In the eight short months I've owned my The UPS Store it has really changed my life. I've gone from being an employee of someone else to being an employer of my associates. It's a big responsibility but it's exciting every day.

Sandy Scandrett

Franchisee, Wisconsin

Being a The UPS Store franchisee has improved every aspect of my life. It's very rewarding financially, professionally, and emotionally. I have a large number of regular customers who are really, really appreciative of everything we do.

Kristie Robison

Franchisee, Alabama

I would say owning a The UPS Store location has changed my life to where I have more time and flexibility. In owning your own business you get your store up and running and you get employees that you can trust that are going to help keep your store running. This allows me to attend my two boys' ball games and also travel and do things with them so it has really changed my life for the better.