5 “Under the Radar” Franchise Opportunities You Should Know
When people think of successful franchises, their thoughts turn to McDonalds, Burger King, Kentucky Fried Chicken, and so forth. However, while these companies are raking in billions of dollars, there are many lesser-known franchises that are also doing well. Creating more jobs and having greater growth than the private sector, franchises contribute $500 billion annually to the U.S. economy. For those who are interested in owning a franchise, here are some of the best opportunities that are considered to be under the radar.
Capriotti’s Sandwich Shop
First established in Delaware in 1976, this franchise has since had exceptional growth over four decades. Charging a one-time franchise fee of $40,000, the chain has found its best spots in the western United States, with Las Vegas being a prime location. In fact, many of its shops in Vegas and other western cities stay open 24 hours a day, catering to college students and workers on the graveyard shift.
A restaurant chain specializing in Southern chicken, Zaxby’s is a staple in the Midwestern United States. Known for being very resilient even in tough economic times, the chain is becoming a popular choice for entrepreneurs who want to invest in a stable, reliable business opportunity. Most locations earn several million dollars per year and show annual growth of almost two percent, considered outstanding in the restaurant business.
Offering care to aging baby boomers, BrightStar Care in Wisconsin now has five locations, 500 caregivers, and more than $9 million in annual sales. With gross profits increasing 35-40 percent per year, this franchise has become well-respected in the elder care industry for its personal touch and high levels of care.
A company focused on creating custom shipping solutions and solving logistics issues for companies, this Salt Lake City-based company has seen its sales double over the past five years, coming in at more than $5 million per year. Charging a franchise fee of $30,000 for a new location, it’s expected to go nationwide within the next five years.
When people in northern Virginia need help keeping their lawns mosquito-free, they call on the Mosquito Squad. With $2.5 million in revenue, 15 trucks, and 25 employees, this franchise is expected to take the pest control market by storm in the coming years. For a franchise fee of $25,000, you can be well on your way to success.
Whatever type of business you’re interested in, these franchises offer a chance to not only help others, but also make a successful living for yourself.