2 Franchise Ownership Business Success Stories [2024]
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 youβve 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.
In this list, you'll find real-world franchise ownership business success stories and very profitable examples of starting a franchise ownership business that makes money.
1. Busch Global ($12M/year)
John's passion for entrepreneurship and business growth motivated him to create Busch Global first as a franchise and a development partner. His early successes demonstrated the potential of franchising, inspiring the business idea.
How much money it makes: $12M/year
How much did it cost to start: $20K
How many people on the team: 0
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.
2. Franchise Direct ($1.2M/year)
Ben Wrafter, the CEO of Franchise Direct, came up with the idea for the business after working as a consultant for the company from 2009 to 2018. Recognizing the company's potential and the value he could bring, he eventually took on the role of CEO. With over 20 years of online marketing experience and a focus on constantly upgrading and testing, Franchise Direct has become the world's leading portal for franchise and business opportunities, attracting clients through methods such as email marketing and social media. Despite the challenges of the Covid-19 pandemic, the company has remained strong and continues to adapt to the changing needs of the franchise industry.
How much money it makes: $1.2M/year
How much did it cost to start: $25K
How many people on the team: 40
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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.