Aside from the hotel and motel industry, which incidentally require at least 1million US dollars, the single most expensive franchise is the Doubletree hotel. It actually needs an initial investment of 33.9 million US dollars at least. Other than the motel and hotel industries below are the top ten most expensive franchises.
1- Amazing spaces
This requires a start up cost of between 2.2 and 7.2 million US dollars and 6 percent franchise royalty. This is a self storage company which pulls 22 billion US dollars in sales each year. The company puts more stress on security and convenience over low costs and all the units have monitored door alarms as well as covered loading areas.
2- Golden corral
This is a franchise that requires start up costs of between 2.1 and 6.4 US dollars and 4 percent franchises royalty. It is the largest grill-buffet chain in the whole country. Actually, a new Golden Corral opened after every 17 business days averagely in 2009. The company needs $500,000 in liquid capital and another $2,500,000 in net worth.
This franchise requires start up cost of between 1.8 and 7.6 million US dollars and a further 5 percent franchise royalty. It is a BP company and majorly ensures that the start-up put is very successful. They have location requirements down to exact science. You will need to access the hard corner like 40,000 to 60,000 square foot pad also 30,000+ cars which go through the nearest intersection each day with a daytime population of about 18,000 people or more within a 2 mile radius of the unit.
4- Culver’s Custard
The franchises need a start up cost of between $1.7 and $2.8 million dollars and another 4 percent franchise royalty. There are at least 400 culver’s restaurants which serve frozen custard in the country. You need to pay $55,000 franchises fees and the company puts up 16 weeks of training. This is inclusive of 12 weeks of classroom training and a further on the job training at a family owned Culver’s located in Wisconsin. Additional 4 weeks is needed to assist during the opening process of new Culver’s restaurants throughout the country.
5- Buffalo Wild Wings
This is a franchise which needs start up cost of between $1.4 and $3.2 million dollars. It was started by two New Yorkers from Buffalo. Buffalo Wild Wings has drastically grown to operate at least 600 restaurants in 41-states. It is the restaurant’s powerful branding which makes it ideal for watching sporting events in high visibility areas and high traffic areas.
6- KFC Corp
The franchise needs a start up cost of between $1.3 and $2.5 million dollars and 5 percent franchise royalty. It serves food to at least 12 million customers in a day in about 109 countries. It has great pools of knowledge as well as business know how which you can draw on. According to the company, they control about 42 percent of chicken quick served market in the US. A further 80 percent is controlled in stateside outlets by franchisers.
7- Carl’s Jr.
The franchisers need a start up cost of $1.3 to $1.8 million dollars and 4 percent franchise royalty. It has 1,100 restaurants worldwide and of these 300 is dual branded as Green Burrito/Carl’s Jr. Most of these restaurants are predominantly located in the west coast.
The franchise needs a start up cost of $1.2 to $1.6 million and 4 percent franchise royalty. It is based in the East Coast and Midwest. It operates 1,925 restaurants worldwide; it needs 3 restaurants minimum which is what drives up the start-up costs.
9- Denny’s Inc
The franchise requires between $1.1 and $2.4 million and 4 percent franchise royalty. It has more control of chain over to franchisees. It has leveraged social media kind of marketing and a brilliant free breakfast.
10- Mc Donald’s
The franchise needs a start up cost of $1.1 to $1.9 million and o% franchise royalty. It has 2,400 operators and it is the world’s most successful and most popular franchises. It draws world class business experiences in its training.