The COVID-19 global pandemic has had an impact on many industries, but none more than franchising. Its presence has undoubtedly shifted the top enterprise trends in the franchising community and the top 8 best franchise opportunities to own in 2021. Don’t believe us? Let’s take a look at the top franchises and how the pandemic has increased the demand and popularity for them all.
Delivery and Local Courier
Perhaps the industries that benefited most from the pains of the pandemic are delivery and local courier services. This surge in popularity is rooted in the convenience and safety that come with ordering online and having your packages arrive at you with minimal contact.
Estimated Initial Investment Fee: $250K
For the past 19 years, Entrepreneur Magazine has named this brand the No. 1 opportunity on its Franchise 500 list. And there are many reasons to back up this claim. UPS has a wonderful reputation, uses state-of-the-art technology (a necessity for the 13 million-plus packages and documents it delivers daily), and top-notch support for new franchisees.
Although other aspects of the food and restaurant industry are currently considered the worst investment an entrepreneur can consider in 2021, coffeeshops, oddly enough, are among the top 8 best franchise opportunities to own in 2021, especially those like Dunkin’ Donuts. After all, coffee and baked goods are the necessities when trying to navigate an uncertain time, and franchise owners can offer a taste of normalcy.
Estimated Initial Investment Fee: $40K to $90K
Its slogan is, “America runs on Dunkin,’” and that statement couldn’t be more accurate. Dunkin’ Donuts is one of the most popular coffee shop chains next to Starbucks. What makes it one of our top 8 best franchise opportunities to own in 2021 are details like its immediately recognizable branding, seemingly pandemic-proof business model, being a low-risk investment, and having a detailed playbook for franchisees.
As the baby boomer generation ages into retirement, the demand for at-home care franchises does, too. An AARP study found that 90 percent of seniors want to manage their health and their daily lives in their home’s comforts and have healthcare officials come to them. With 71.6 million baby boomers and larger generations like gen x and millennials to follow, the need for senior healthcare is ongoing.
Right at Home
Estimated Initial Investment Fee: $80K to $147K
Easily the most popular of the home care franchises in the market, Right at Home earns a spot on our top 8 best franchise opportunities to own in 2021 for the level of support it gives its franchisees. Word on the street is that owners receive up to 24 months of support from their franchisor. This opportunity also doesn’t require much healthcare experience or liquid capital to invest.
Think of it as the new year, new me mindset, but extended. Because of the pounds gained throughout last year, consumers are looking for ways to get out and work off their quarantine weight (while social distancing, of course). Although gyms tend to be challenging to open, models like Planet Fitness market to first-timers, which means high sign-up and retention rates.
Estimated Initial Investment Fee: $968K to $4.1M
Boasting not to be your average gym with its purple and yellow branding, low membership fees, and welcoming atmosphere, Planet Fitness is a favorite among new gym-goers and those looking for a judgment-free workout experience.
Tutoring and Education
A rising concern for parents is that their children will fall behind in a world of virtual learning because they don’t get the same one-on-one attention as they would attending school in-person. Because of this, the supplemental education industry is booming.
Kumon Math Centers
Estimated Initial Investment Fee: $74K to $157K
Created in 1958 in Osaka, Japan, these math centers teach the Kumon method, which is designed to help students learn critical math and reading skills that ready them for more complex concepts later on in their education. For entrepreneurs, this is an excellent opportunity, as it has a low entry cost but a high demand.
Commercial Cleaning Services
Second to the delivery and courier industry benefiting from the global pandemic is the commercial cleaning services industry. The increased need and desire for sanitation services and dry cleaning have created a spike in this $117 billion franchise industry’s growth. What makes them attractive for entrepreneurs is that it’s a low-risk business that requires little investment on the front end, and experts project a yearly growth trend of 5.4 percent until 2025.
Estimated Initial Investment Fee: $4K to $50K
What once started as a local Rhode Island service in the ‘90s has grown into a small empire of 10,000 units. JAN-PRO offers some of the best cleaning services for other businesses like car dealerships, gyms, banks, churches, schools, and offices and is well known for its top-of-the-line support and “cleaning greener’ approach.
No matter what the state of the world, there will always be a need for cars, but most importantly, the people and the tools to fix them. Automotive tool shops have increased in popularity for their mobility and ability to supply tools to amateur mechanics and auto repair shops alike. One such example is:
Estimated Initial Investment Fee: $7K
It’s a no-brainer why this mobile automotive tool shop is on our roundup of the top 8 best franchises to own in 2021. It was named one of the fastest-growing franchises in the U.S. in 2018 and earned a spot on Entrepreneur’s Franchise 500.
Gas and Convenience Stores
Continuing the trend of cars, investing in gas stations and convenience stores has risen in popularity throughout 2020, and the trend continues into 2021. Like other automotive industry aspects, gas stations are a pandemic-proof industry, as consumers need gas to power their cars. And because convenience stores often go hand-in-hand with gas stations, they, too, are famous for their convenience and offerings of everything from a snack to toiletries and other household items.
Estimated Initial Investment Fee: $500K
As the number one convenience store in the world, it’s not hard to see why entrepreneurs are looking to invest. Even better still, it can have a franchisee up and running after three months of application, training, and testing due to its turnkey business model.
Hundred Acre Consulting
Finding the perfect franchising opportunity can be overwhelming, as there are more than 776,000 active franchises in the U.S. in 21 different industries. With our roundup of the top 8 best franchise opportunities in 2021, we hope we introduced you to new industries and franchises to consider during your search.
If you have questions or are unsure where to begin your journey, let Hundred Acre Consulting help. Our team can help you pick the perfect franchise and consult you throughout your career.
Are you ready to start working together? Contact our team, and let’s get started!