If you’re looking for a fantastic investment opportunity, you can’t go wrong buying into the most profitable franchises UK-wide.
Offering you the chance to invest in a proven and successful business model with an established customer base, opening up one of the most profitable franchises will help you to turn a quick profit with minimal risk.
To inspire your profitable business purchases, here’s our detailed rundown of the best franchises UK-wide in 2020!
What is a franchise?
A franchise is a licence that’s sold by an existing business which allows an individual to open up a new store or outlet using an existing business model, trading methods and branding.
A franchise is a great way to open a branch of an already successful business, and some of the most profitable franchises are well-known brands such as McDonald’s, which has leveraged this type of business model to expand all over the world.
Franchisees pay for the rights to the licence, and in return, trade under the name of the company, benefiting from support and help from head office. If you pick the right franchise for your skills and interests, you can turn a great profit.
What are the most profitable franchises in the UK?
There are many well-known franchises in the UK which are undeniably profitable, but there are also many lesser-known franchise opportunities that can provide just as big a return on your investment. Here are some of the most profitable franchises in the UK in 2020.
Mcdonald’s is easily the most well-known franchise brand in the world – this fast-food chain introduced the concept of franchising to the world decades ago. Not much has changed, and McDonald’s remains not only a safe investment for your money, but a profitable one too.
There are always opportunities in the UK to open a new McDonald’s restaurant and with huge marketing campaigns from head office, well-known products and an even larger fanbase, you always stand to make money with a McDonald’s franchise.
Another fast-food chain which always makes the most profitable franchise lists in the UK is KFC. With its world-renowned product, loyal fanbase and innovative menu (KFC is even going vegan!), there is always room to make solid profits with one of these franchises.
Like other fast-food chains, the upfront costs of opening a franchise might be high, but you can make incredibly good profits with a KFC franchise too.
The Seattle coffee company, Starbucks, can be found in almost every country in the world, and the UK is no exception.
It has become one of the most profitable franchise businesses in the country, offering a quality product that is instantly known by customers wherever they are in the world.
Starbucks offers franchise opportunities in the UK which have the potential to turn substantial profits through well-established branding and customer bases.
Food and drink are some of the most profitable niches in the UK, and Domino’s is no exception.
The iconic pizza delivery store is expanding all over the country and has a well-established pizza-loving customer base more than happy to keep them busy wherever they set up shop in the United Kingdom.
If fast food or coffee isn’t your domain, then why not look at opening up a retail store? One of the UK’s most profitable retail brands is Swarovski, the Austrian company known for its crystal products and jewellery.
This is high end, high-quality jewellery, so there’s always risk involved. Nail the sales though and the profit margins with a Swarovski franchise can be absolutely enormous.
If you’re looking for a more niche franchise opportunity, but one that can still make you huge profits, then take a look at working with Aspray.
Aspray is an insurance claims management company, which means it works with clients looking to settle cases and win money. If successful, it takes a slice of that cash.
The profits are potentially huge, and that makes Aspray one of the most profitable franchises in the UK for those who know the industry. Knowledge of legal and financial law is beneficial, but if that’s what you are interested in, then you can tap into Aspray’s huge client base and marketing programs to make large profits.
There are plenty more franchise opportunities to look at too that we haven’t had time to list in this article. This is just a selection of the most profitable franchise opportunities that are out there.
For more information, you can also consult franchise magazines UK business owners often turn to for further ideas or even speak to a franchise consultant before investing your money. After all, you want to make sure that the business you buy is the right fit for you!