Time and time once more, we have seen that there is no require to reinvent the helm. here i will talk about list of top ten most expensive franchises in the world. When you see a good business model, instead of being a copycat of the actual thing, it might be better to take out a franchise of a company. Whereas it would need the payment of some fees, it would as well permit you to use the trademark of the company, as well as sell its goods. You as well obtain a free ride on the coattails of its already famous name and its advertisements.
Hardee’s – $1.6 million
It is a restaurant chain that operates generally out of the Midwest and South states. Established in the year 1960, the company has undergone numerous transfers of ownership, earlier than CKE Restaurants finally acquired it. It is ranked at 10th number in the list of top ten most expensive franchises in the world. It now has more than 1,900 branches around the entire world. Aside from the first $1.6 million begin up cost, franchisees are as well required to pay a 4% royalty fee.
9. Carl’s Jr. – $1.8 million
It is a fast food restaurant chain that operates mainly out of the Southwest and the West Coast. Carl Archer established its initial restaurant in the year 1941 when he opened the Carl’s Drive-in Barbeque. It is ranked at 9th number in the list of top ten most expensive franchises in the world. Its success led to chain of little restaurants called Carl’s, earlier than it took the name of Carl’s Jr. in the year 1954. A 4% royalty fee is necessary, aside from the begin up cost of $1.8 million. This company is owned by popular CKE Restaurant, creating Carl’s Jr. a Hardee’s sister restaurant, which is number ten in this list.
8. Denny’s Inc. – $2.4 million
Denny’s Diner or Denny’s, is a full service restaurant and coffee shop. It operates twenty four hours a day, and serves the breakfast, dinner, lunch and dessert around clock. This restaurant is open still during holidays, except just when the law needs its closing down. It is ranked at 8th number in the list of top ten most expensive franchises in the world. It now has more than sixteen thousand restaurants, most of it owned by a franchisee, in the U.S and around the entire world, including Canada, Curacao, Puerto Rico, Costa Rica, Japan, Honduras, Mexico, Qatar, the United Arab Emirates and New Zealand. The first franchise of Denny was granted in the year 1963. Last year, it earned a net income of $112.29 million.
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7. KFC Corp. – $2.5 million
Kentucky Fried Chicken or KFC is almost synonymous to the fried chicken. Harland Sanders established the famous fried chicken chain in Kentucky in the year 1930. The first KFC franchise was opened in Utah in 1952. It is ranked at 7th number in the list of top ten most expensive franchises in the world. It has since spread to one hundred and nine countries all over the world, with revenues arriving more than $9 billion. Aside from the first start up cost, franchisees are as well necessary to fork over a 5% royalty fee to the mother company.
6. Culver’s – $2.8 million
It is a fast casual restaurant and has 454 branches across the U.S, with most of it in the Midwest states. The main products of this franchise are butter burgers and frozen custard. Aside from the begin up cost, franchisees must as well pay 4% in royalty fees. It is ranked at 6th number in the list of top ten most expensive franchises in the world. The company provides 4 months of training to the potential franchisees, comprising a week of on the job training at the initial Culver’s in Sauk City in Wisconsin.
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5. Buffalo Wild Wings Grill & Bar – $3.2 million
Buffalo Wild Wings Grill and Bar is a casual dining restaurant that is famous for its Buffalo wings. It was founded in the year 1982, it now has 832 restaurants all over the U.S. It is ranked at 5th number in the list of top ten most expensive franchises in the world. The restaurant is as well famous as a bar for sports aficionados. It has revenues of approximately $785 million.
4. Golden Corral – $6.76 million
It is a family-style best restaurant that is open from breakfast to dinner. Established in the year 1973, it has restaurants in forty states. A lot of its items are grilled and restaurant offers a big buffet for its customers. Aside from $6.76 million required to start up a franchise, it as well requires 4% in royalty. It is ranked at 4th number in the list of top ten most expensive franchises in the world. The North Carolina-based popular company earns more than $195 million in revenues each year. Those applying for the franchises must as well have $500,000 in liquid capital and a net worth of $2.5 million.
3. AMPM – $7.6 million
It is a chain of convenience stores with different branches located all over the West Coast, as well as in Florida, Georgia, Illinois, Kentucky, Pennsylvania and Indiana. It is ranked at 3rd number in the list of top ten most expensive franchises in the world. It can as well be found in South and Central America, particularly in Brazil, Chile, Mexico and Argentina. It is generally situated in areas next to a gas station under BP American, Inc. brand.
2. Amazing Spaces – $8.25 million
It started out as a family business in the year 1998. It offers storage space that is clean and well managed. Its first office was situated in Houston. It emphasizes in offering the storage spaces that are well appointed and strictly secured, thus all its units have their own door alarms. It is ranked at 2nd number in the list of top ten most expensive franchises in the world. It now has more than 2,000 customers and presents around 370,000 square feet of self-storage space.
1. Choice Hotels International – $14.6 million
It is affiliated with a number of brands and it is involved in the hospitality business. Among the brands under its banner are Cambria Suites, Ascend Collection, Clarion, Comfort Suites, Comfort Inn, Econo Lodge, Quality Inn, Rodeway Inn, Mainstay Suites, Suburban Extended Stay Hotel and Sleep Inn. It is ranked at 1st number in the list of top ten most expensive franchises in the world. It has revenues of approximately $650 million, with net income at $113 million. The company was founded in the year 1939 and is based in Silver Spring in Maryland.