“Success is a science; if you have the conditions, you get the result.” Oscar Wilde
Many entrepreneurs gravitate to franchises because they know that they will have the right conditions to be successful. Franchises typically have a process and a playbook for their business, … and this dramatically increases the likelihood of positive results.
Best Franchise For Profits
When it comes to the question of what are the best franchises for profits, or which are the most profitable franchises, thinking about the cost of entry and how much an entrepreneur needs to invest must be part of the equation.
Lower Cost Franchises
Top profitable franchises come in all shapes and sizes. When evaluating what are the best franchises for profits new franchisees can consider total profits, profit margin, and return on investment. One important aspect to consider is the cost of entry, … and this goes straight to return on investment. Many budding entrepreneurs do not have a lot of capital to invest up front. Franchises that have lower franchise fees and recurring costs can be a great option and make up some of the top profitable franchises when looking at ROI and margin.
Highest Revenue Franchises
What is the best franchise for profits when it comes total profit dollars usually means high revenues. However, with high sales volume comes a price. High revenue franchises typically have significantly higher cost of entry. Many are B2C models and most require a storefront. High revenue franchises also frequently do not have high profit margins. Top profitable franchises include names like McDonalds, Subway, Dunkin, 7-Eleven, Papa Johns, and Taco Bell. All of these franchises have low margins, and all have high costs of entry. Additionally, not every franchisee wants to operate a fast food location or a 24 hour convenience store.
Why Select a Franchise in the First Place?
Owning one of the most profitable franchises can be a faster path to a successful business than starting something on your own. Easier set up is the number one reason we hear from our franchisees as to why they chose a franchise path. The access to standardized systems and processes make life a lot easier. They also tell us that they enjoy the opportunity to network with other franchisees and get best practices. A franchisor provides IT and other HQ support. Some of that additional support will include joint marketing and promotion. Franchises also provide branding and solid name recognition. All of this adds up to lower risk for new business owners.
Different Types of Franchises
While there is a franchise for almost every type of business, all models including the top profitable franchises, always either fall into a B2B franchise models or a B2C one. At Valenta we are clearly a B2B franchise and consider ourselves one of the best B2B franchise models available today. B2C franchise models include all of the big names we mentioned above like McDonalds, Subway, Dunkin, 7-Eleven, and Papa Johns. But they also include B2C franchises with lower franchise fees like Ace Handyman, Mosquito Joe, Pure Barre, Planet Fitness and more. B2C franchises frequently require storefronts and high levels of investment.
B2B Franchise
We are a B2B franchise, and we focus on Digital Workforce, Digital Transformation, IT, Consulting, Digital Marketing, and Learning Platforms. There are other consultancy and coaching franchises that fall into the same category of B2B businesses. Other B2B franchises include financial services and tax preparation. There are also legal services, insurance, recruiting, Staffing franchise and IT franchises. What is the best franchise for profits always comes back to what a franchisee wants to do and what they are good at or have a passion for. B2B franchises often can be more flexible regarding brick and mortar requirements, … especially ones that provide services.
About Valenta
At Valenta we are one of the best franchises for profits if someone is looking for a lower cost of entry B2B franchise where consulting, virtual staff, and digital transformation are the focus. Valenta helps our clients have time for what they do best and their core mission. Valenta is focused most on SMB customers with 10-1,000 employees. Although we have customers with more and less than these amounts. We believe SMBs should benefit just as much from the services we provide as large enterprise, and the Fortune 1000 have. We are convinced that bringing on board enthusiastic franchise partners is the best way to serve SMBs.
The Valenta franchise model is unique whereas a franchisee you join as a Managing Partner. As the owner of a profitable franchise, you are able to provide a wide variety of services to your clients. Franchisee Managing Partners work on building their book of business, recurring revenue, and serving their clients. One of the advantages of being a franchisee is that you do not have to handle every detail or provide all the services clients require. Valenta delivers the operations, while Managing Partners focus on client relationships, customer satisfaction and new business acquisition. To learn more about acquiring a franchise and Valenta Partnership please schedule a meeting with one of our Managing Directors here.
