Business Idea: Start A Franchise Ownership Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$550K

Market Size

$788B

Avg Revenue

$550K/month

Avg Days To Build

48 days

Market Size

$788B

Avg Revenue

$550K/month

Avg Days To Build

48 days

Looking for a business opportunity with existing brand recognition and support? Consider franchise ownership.

Franchise ownership allows you to operate your own branch of an established company, leveraging their proven business model, marketing strategies, and operational procedures. You'll benefit from the franchisor's experience while putting in the work to manage day-to-day operations, hire staff, and meet sales targets.

One appealing aspect of franchising is the reduced risk compared to starting a business from scratch. You'll receive training and ongoing support from the franchisor, helping to smooth the learning curve. However, this requires an initial investment and ongoing royalties.

If you’ve ever dreamed of running your own business but want the backing of a well-known brand, franchise ownership may align with your entrepreneurial goals. While it involves hard work and commitment, the potential rewards make it a compelling option.

Revenue & Profitability

How much do franchise ownership businesses make?

On average, successful franchise ownership businesses report $6.6M/year in revenue.

Startup Costs

How much does it cost to start a franchise ownership business?

It can cost as low as $20,000 to start a franchise ownership business.
It can cost as high as $25,000 to start a franchise ownership business.

Learn more about the costs of a franchise ownership business.

Examples Of Successful Franchise Ownership Businesses

Successful franchise ownership business businesses and case studies

How I Started A $1M/Month Business Growing Franchise Concepts

This case study follows the founder of Busch Global, a uniquely oriented franchise sales organization, as he details how he transitioned the company to focus on growth and networking, and offers advice for aspiring entrepreneurs looking to find success.

$1M Monthly Revenue

$20K Startup Costs

Read by 7,548 founders

From Business Consultant To Owning A $1.2M/Year Franchise Portal

Franchise Direct, a leading global franchise portal with 15 multilingual sites, boasts 1,000 clients, 675k monthly visitors, and nearly 2M page views per month, all achieved despite Covid-19.

$100K Monthly Revenue

$25K Startup Costs

Read by 4,995 founders