The 5 Best Franchise Opportunities of 2022
If you’re looking for a new business venture, but don’t want to take on the burden of developing your own brand image and identity, a franchise opportunity might be right for you. Since there’s already a proven corporate and management framework in place as well as best practices around everything including marketing, merchandising and production, owning a franchise is a great choice and should be considered by everyone - from all walks of life.
Finding the best franchise opportunities can be a challenge. There are more franchises out there than one can reasonably count and consider, making it tough to figure out which one is right for you.
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That’s why we at The Franchise Insiders are constantly reviewing many of the different options for franchise businesses, and have picked out some of the best franchise opportunities of 2022 across several different industries. Their fees and requirements are different, but you should hopefully be able to find a franchise opportunity that is of interest and aligns with your goals.
Remember that all costs and fees listed here are averages or approximates, and will change based on when you might inquire, so make sure you contact us directly to get the the most up-to-date numbers and find out how much The Franchise Insiders can save you on a top franchise of 2022.
5 Top Franchise Opportunities Of 2022
Initial investment: $1,263,000 to $2,235,000
Liquid cash requirement: $500,000
Ongoing royalty fee: 4%
Ad royalty fee: 4%+
McDonald’s is one of the more expensive franchises around, but has perhaps the best brand recognition in the world. If you’re able to open a McDonald’s franchise in a well-trafficked area without much competition, you may be able to quickly recoup the initial investment. However most ideal locations are sold at this point and you might be better off with another franchise brand.
2. QC KINETIX
Initial investment: $250,000 - $10,000,000
Net-worth requirement: $700,000
Liquid cash requirement: $250,000
Initial franchise fee: $55,000
Ongoing royalty fee: 8%
QC Kinetix is a concierge medicine that offers tailored treatment plans for things like arthritis or injury. We treat damaged joints, muscles, tendons, ligaments, cartilage, and tissue, due to arthritis or injury. We use non-surgical injections to restore damaged tissue, decrease pain, and increase quality of life. This is designed to be a long-term fix and keep patients out of surgery, away from toxic steroid injections, and off addictive pain medications. Class IV deep tissue laser, Platelet-rich Plasma, A2M (naturally occurring protein and Bone Marrow stem cells are used in these treatment plans. The plans are tailored to the patient’s specific needs. We do not bill any insurance as this is not covered by Medicare or any private payor. This is a concierge model that allows the patients to be involved in the latest and greatest treatment methods that only elite athletes once had access to. We now have access and have help many patients regain their quality of life.
3. Furry Land Mobile Pet Grooming
Initial investment: $100,000 - $1,000,000
Net worth requirement: $400,000
Liquid cash requirement: $100,000
Initial franchise fee: $62,500
Ongoing royalty fee: 5.9%
Ad royalty fee: 6%
Furry Land Mobile Pet Grooming offers the best healthy grooming experience and essentials for pets without the Owner needing to leave their home. Inside the mobile salon, Furry Land has everything they need in order to provide grooming services efficiently and safely.
High Demand for services (Bookings are months out!)
Area Developer Model - Franchisee owns the entire market and develops multiple vehicles in market
Small flex Business space
Very Strong ROI
Fast to start and ramp up
WHY Furry Land Mobile Pet Grooming?
The Pet Industry is one of the fastest growing industries in America.
Approximately 80% of American households own a pet.
The order-it-to-your-door culture has been growing over the past 10 years and the Covid pandemic has driven home services and a surge in pet owners.
Initial investment: $407,810 - $499,860
Net-worth requirement: $500,000
Liquid cash requirement: $100,000
Initial franchise fee: $60,000
Ongoing royalty fee: 7%
Few fitness franchises are as hot right now as CycleBar.
Founded in 2004, CycleBar is the largest indoor cycling brand and offers a variety of low-impact, high-intensity indoor cycling workouts, which are inclusive of all fitness levels. CycleBar offers an immersive, multi-sensory, community focused experience in state-of-the-art “CycleTheaters,” led by specially trained instructors, enhanced with pumping “CycleBeats” playlists and tracked using rider-specific “CycleStat” performance metrics. No matter where our riders are in their fitness journey, our class experience promises to calm their mind, elevate their mood, and revive their senses.
Why own a CycleBar? With more than 200 studios open across the globe and ranked on Entrepreneur Magazine’s Franchise 500 three years running, Fastest-Growing Franchises in 2021, and Inc. Magazine’s Inc. 5000 in 2020, CycleBar is 2x bigger than its largest competitor and leading the thriving indoor-cycling industry.
5. Tint World
Initial investment: $229,950 - $339,950
Net-worth requirement: $200,000
Liquid cash requirement: $100,000
Initial franchise fee: $49,950
Ongoing royalty fee: 6%
TINT WORLD® IS AMERICA’S LARGEST AND FASTEST GROWING AUTO STYLING AND WINDOW TINTING FRANCHISE.
Founded in 1982, Tint World® Automotive Styling Centers™ specializes in car and truck accessories, window tinting, protection films, vehicle wraps, mobile audio electronics, security systems, detailing, nano ceramic coatings, custom wheels and tires, and auto maintenance services.
TINT WORLD® FRANCHISE LIFESTYLE
The Tint World® system gives its franchisees the opportunity to be their own boss in an auto styling franchise they own, and build their business around their personal lives, with little to no outside travel necessary. Because you will be the boss in your own business, you have the opportunity of building equity, which can pave the way for financial freedom.
Day in The Life of The Franchisee:
Regular daytime hours
Casual business dress code
Professional customer services
Clean and safe work environment
Providing good jobs to good people
Building a future for you and your family
Opportunity for strong community involvement
And you’ll always drive the coolest cars
Financing your franchise
As you’re looking into the best franchise opportunities for 2022, one thing to keep in mind is how you’re going to pay your franchise investment.
All franchises come with some kind of investment, which usually comprises franchise fees, startup costs, real estate, staff, equipment and other expenses, too. Your investment will be contingent on several things, but the two most important are the mandatory expenses set by the parent company to get up and running as well as the regional expenses that dictate costs (in other words, some markets are more expensive than others).
Make sure you take into consideration where the capital to finance your franchise will be coming from. Many entrepreneurs choose to take advantage of a business loan, including SBA loans, 401K Rollover (tax and penalty free), home lines of credit, cash out refinance, term loans and equipment financing. To learn your best financing strategy, check out our financing calculator.
Also note that some franchises offer internal financing, as well as discounts for certain types of business owners (such as women, veterans and more). Make sure to check with your franchise representative for their options if you are seriously interested in pursuing their franchise.
The bottom line
One thing you’ll find as you search for franchise opportunities: There’s no shortage of great companies with strong brands and quality products and services to explore.
Still, it’s important to keep in mind that the best franchise opportunity for one person isn’t necessarily the best franchise opportunity for you. When you’re weighing options, don’t forget to take into account how much you’re willing to spend on an opportunity and, perhaps most crucially, what you’re interested in doing.
There are both advantages and disadvantages to franchising, so make sure you weigh the pros and cons before investing. A great franchise owner is one who truly believes in what’s being sold, and wants to stand out both in their local business landscape and also as a franchise owner across their parent franchise system. In other words, you want to make a great investment and be a top performing franchisee!
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