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Most Profitable Franchise Opportunities – Corporate Layoffs

The COVID-19 pandemic has caused hundreds of thousands of layoffs across the retail industry, leaving many individuals without a steady income and in search of new investment opportunities. Thankfully, franchising remains a viable option for those looking to make an impact and find financial independence, with some of the most profitable franchises available in 2023 for recently laid-off individuals.

At the International Franchise Professionals Group (IFPG), we specialize in helping investors identify top-tier franchise opportunities and navigate the complexities of owning a franchise. As part of our mission to empower business growth, we’ve compiled a list of promising franchise investments that may pique the interest of those displaced by corporate layoffs.

Subway

Named the world’s most ubiquitous fast-food chain by Business Insider, Subway is a popular, low-cost investment opportunity that’s ready to be tapped into by the recently unemployed. With an initial franchise fee of only $15,000 and $251,550 to $323,700 in estimated startup costs, it’s the perfect way for those looking for new investment opportunities to build a profitable business.

Subway also stands out due to its proven brand value and loyal customer base. Easy to operate and internationally recognized, Subway franchises are a time-tested option with a high success rate among franchise owners.

McDonald’s

Not far behind Subway in terms of global reach is the beloved McDonald’s franchise. This iconic fast-food restaurant has graced households and street corners around the world for more than 60 years, and its reliable revenues make it a lucrative option for those looking to start their own business.

However, McDonald’s does come with a steeper initial investment than Subway. The initial franchise fee stands at $45,000, while startup costs ultimately depend on the size and location of the franchise. That being said, McDonald’s often grants financial support to franchise owners, which takes the burden of financing off their plate.

BrightStar Care

Serving as an alternative option for those trying to break into the franchising market, BrightStar Care provides medical and nonmedical health care services to clients in their home and other residential locations. With an initial franchise fee of $50,000 and estimated startup costs ranging from $220,000 to $637,700, BrightStar Care is a solid mid-range investment opportunity that carries the potential for long-term gains.

Additionally, BrightStar Care stands out from other franchises in that it allows investors to combine their profits with a rewarding sense of purpose. Even though the health industry comes with substantial risks, it also offers a unique opportunity to improve the lives of those within the franchise’s local community.

7-Eleven

For those looking to get a piece of the convenience store market, 7-Eleven is one of the top franchise options out there. This brand’s decades-long success within the industry can be attributed to its competitive pricing and established commitment to quality products. With an initial franchise fee of $37,500 and an estimated $425,000 in startup costs, 7-Eleven delivers an inexpensive path to becoming an independent business owner.

7-Eleven’s greatest strength, however, lies in its generous reward program. According to their website, their franchisees can expect “favorable terms” when it comes to their royalty and cooperative advertising funds, ultimately reducing their burden and freeing up capital to pursue growth opportunities.

Theseus Franchising

Though often overlooked by aspiring investors, Theseus Franchising provides a great option for those looking to break into the franchising sector. Its portfolio of franchises includes brands like: Restaurants.com, Endorse-It.com, The Cleaning Authority, and other companies in a variety of industries.

Theseus aims to make it easier for franchise owners to reap significant returns with minimal effort. Its technology-based business model helps accelerate startup costs, providing prospective franchisees with an inexpensive pathway to success. Its initial franchise fee clocks in at $3,500, with estimated startup costs reaching as low as $11,300 for some of its brands.

Topics:

Franchise Opportunities,

Franchise Investing,

Franchising

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