Relatively few franchise models cater to investors who don’t want to work in their franchise as a day-to-day manager. The following franchises offer opportunities to manage multiple franchise licenses and/or the ability to hire managers to run the day-to-day operations of the business and were recommended by industry experts as the top choices for investors:
With more than 4,000 stores, Supercuts has been in business for more than 30 years. Supercuts is owned by Regis, which has 11,000 salons worldwide. Industry experience is not required with Supercuts. Initial investments range from $106,860 to $197,900, and franchisees are required to buy a minimum of three franchise licenses.
2. Great Clips
Hair cutting franchises are the most prevalent multi-unit franchise models. Great Clips has been in business for more than 25 years. The average Great Clips owner who has been in the system for five years or more owns five or six stores, according to the Great Clips website. The required initial investment ranges from $106,900 to $197,700.
3. Fantastic Sams
The company has been in business for 30 years. There are more than 1,350 Fantastic Sams salons throughout North America. The initial investment ranges from $100,500 to $225,100.
4. The Maids Home Services
This is the fastest-growing residential cleaning franchise, according to their website. The company has been in business for more than 27 years. The initial investment required is $117,000 to $170,000.
5. Hollywood Tans
The nation’s largest chain of professional tanning salons, Hollywood Tans requires an initial investment of $273,950 to $319,500.
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6. Merry Maids
Offering a low cost of entry investment, Merry Maids’ initial investment requirement is between $24,400 and $55,500. Merry Maids has been in business for more than 25 years and is among the leaders in the industry.
7. Sport Clips
Sport Clips has taken the multi-salon ownership model and modified it to focus on a specific niche market: men and boys. The theory is that men and boys don’t like to get their hair cut, but they will be placated by the plasma TVs and sports memorabilia featured in every Sport Clips. The initial investment required is $165,000.
8. Molly Maid
Founded in 1979, Molly Maid has an international presence, with locations in the U.S., Japan, Canada, England and Portugal. The initial investment required ranges between $110,000 and $150,000.
9. Dry Cleaning Station
Offering a “green” alternative to traditional dry cleaning, Dry Cleaning Station also offers multiple types of ownership. Plant stores—main locations where the cleaning equipment is located—require initial investments of $361,500 to $614,500. For subsequent or individual drop locations—retail outlets where customers bring in and pick up their dry cleaning—an investment of only $88,000 to $157,000 is needed.
The convenient pick up and drop off services offered set 1-800-Dry-Clean apart from its competitors. In essence, they act as the middle man in the dry cleaning transaction. Because expensive dry cleaning equipment is not needed, the initial investment is much lower than other dry cleaning franchises, between $49,900 and $65,000.
11. Planet Beach
A step up from traditional tanning salons, Planet Beach offers personal spa services in addition to tanning services. Initial investment required ranges from $189,800 to $504,000.
For nearly 40 years, Valpak has offered direct mail advertising through the distribution of envelopes full of coupons. The required investment for this franchise ranges from $54,200 to $94,800.
13. Dryclean USA
With more than 400 locations worldwide, Dryclean USA has locations throughout the U.S., Latin America and the Caribbean. They offer plant and drop off store options; the benefit of drop off locations, obviously, is that they require a smaller initial investment. Initial investment ranges from $237,500 to $519,500.
14. Instant Imprints
Marketing itself as five businesses in one—screen printing, embroidery, banners and signs, promotional products and transfers—initial investments range from $58,000 to $224,000.
15. Desert Sun
The largest tanning salon on the West Coast has more than 80 locations, according to the Desert Sun website. Initial investment ranges from $198,500 to $427,500.
All investment range numbers were drawn from Entrepreneur.com. Visit Investment Listing Service for a more complete list of franchise opportunities.