Best Restaurant Franchise Opportunities for 2024

Thinking of starting a restaurant franchise? Explore the top 10 opportunities for 2024, from Jersey Mike’s to Del Taco. Discover franchise requirements, growth potential, and support programs designed to drive success.

Last updated 31 Oct 2024 Time 6 min read
Restaurant Franchise Opportunities 1

If you’ve been considering venturing into the world of restaurant ownership, franchising can be an appealing and less risky option. With the restaurant franchise industry witnessing a lot of growth, there is promising potential success that comes with choosing the right franchise. In this article, we will discuss the best restaurant franchises and what they provide for their franchisees and customers.

10 Best Restaurant Franchise Opportunities for 2024

Jersey Mike’s

restaurant franchise

Total U.S. Locations
2387
Net Unit Growth (3 years)
776
Initial Investment
$214K-$1.35M
Royalty Fees
7%

Jersey Mike’s is a great restaurant franchise opportunity for a potential franchisee. They are known for their delicious sandwiches. Also, they offer customers catering services for different events like an office party or a birthday party. Jersey Mike’s franchisees receive a comprehensive training program in addition to the continuous support of the operations personnel. They also receive marketing initiatives, assistance for their grand opening, and access to a supplier program. To maintain the high standards of the franchise system, franchisees are required to run their restaurants in full compliance with the operating standards and procedures outlined in the franchise agreement and manuals.

Domino’s

restaurant franchise

Total U.S. Locations
6774
Net Unit Growth (3 years)
622
Initial Investment
$107K-$683K
Royalty Fees
6%

Domino’s Pizza, founded in 1960, is a very popular American pizza restaurant worldwide. They are mainly known for selling pizza. However, they also offer customers pasta dishes, chicken wings, breadsticks, salads, and a variety of desserts. As a franchisee, you will benefit from running your business under the name of a well-known and established brand like Domino’s Pizza.

Also, they will help you with marketing and advertising and give you access to several resources that will help you succeed.

Popeyes Louisiana Kitchen

restaurant franchise

Total U.S. Locations
2946
Net Unit Growth (3 years)
447
Initial Investment
$110K-$3.7M
Royalty Fees
5%

Popeyes Louisiana Kitchen specializes in the sales of fried chicken, seafood, and others.  Popeyes Louisiana Kitchen is ranked continually as the number one restaurant franchise by customers and franchisees. You will be allowed to operate using their name and trademark, but first, your location of business must be accepted, plus the fee of owning the franchise.

Taco Bell

restaurant franchise

Total U.S. Locations
7513
Net Unit Growth (3 years)
427
Initial Investment
$576K-$3.37M
Royalty Fees
No royalty fees in particular, but there are other fees. To learn more please check their FDD.

Taco Bell is one of the most promising restaurant franchises with franchises across the US. Taco Bell offers its customers various priced, quality Mexican-style food for take-out and on-premises eating. Also, they offer their franchisees a skilled team to help them start the business in addition to anything they might need to start.

Chick-Fil-A

restaurant franchise

Total U.S. Locations
2410
Net Unit Growth (3 years)
273
Initial Investment
$518K-$2.8M
Royalty Fees
No royalty fees. However, there are other fees. Check FDD to learn more.

Chick-Fil-A is known for its boneless fried chicken sandwiches which are considered to be one of the best fried chicken sandwiches in the country. As a franchisee, you will benefit from operating under a well-known and established name like Chick-Fil-A. In addition,  Chick-Fil-A usually covers all the opening expenses which is something most franchisors don’t do.

Arby’s

restaurant franchise

Total U.S. Locations
3415
Net Unit Growth (3 years)
137
Initial Investment
$645K-$2.45M
Royalty Fees
4% of gross sales for traditional restaurants and 6.2% of gross sales for non-traditional restaurants. Check FDD to learn more.

Arby’s is a famous fast-food chain with multiple locations across the globe. They are known for their sandwiches, wraps, and side dishes. They also serve different kinds of desserts. As a franchisee, you will receive training programs, marketing assistance, and access to their proprietary software systems. In addition, you will have access to their resources as they support your franchise to succeed.

Papa John’s

restaurant franchise

Total U.S. Locations
3180
Net Unit Growth (3 years)
114
Initial Investment
$102K-$975K
Royalty Fees
Check FDD to learn about royalty fees.

Papa John’s is one of the largest pizza chains in the United States and worldwide. As a  franchisee, you will receive the right to use Papa John’s trade names, logos, service marks, and other commercial symbols in connection with the operation of the franchise. Also, you will be required to purchase food and supplies from suppliers approved by Papa John’s.

Wendy’s

restaurant franchise

Total U.S. Locations
5994
Net Unit Growth (3 years)
96
Initial Investment
$321K-$4.62M
Royalty Fees
Varies between 4-6% of gross sales. Check FDD to learn more.

Wendy’s is one of the most popular fast-food chains and it is considered the third-largest hamburger fast-food chain in the world. Wendy’s offers its customers several menu items including hamburgers, chicken sandwiches, Frosty desserts, and soft drinks. As a franchisee, you will receive support from their corporate team, and you will have access to proven marketing and operational strategies offered by Wendy’s. However, you will be responsible for hiring and training staff, ordering supplies, promoting the business, and other things that are necessary to run your own Wendy’s franchise.

Five Guys

restaurant franchise

Total U.S. Locations
1458
Net Unit Growth (3 years)
49
Initial Investment
$306K-$641K
Royalty Fees
6%

Five Guys is a fast-food chain that is known for selling delicious hamburgers in addition to hotdogs and fries. They’re also a great restaurant franchise. As a franchisee, you will receive comprehensive training on different topics including restaurant operations, marketing, and financial management. Also, you can get help from the company online, through their website, or by setting up conference calls.

Del Taco

restaurant franchise

 

Total U.S. Locations
591
Net Unit Growth (3 years)
5
Initial Investment
$863K-$2.47M
Royalty Fees
5%

The one and only Del Taco has been in business for more than 50 years. In those 50 years, Del Taco has proven to be one of the leading restaurant franchises of fast-growing Mexican quick-service restaurants. They are expanding rapidly across the US. they offer its franchisees a special support team plus anything they might need in the future.

Conclusion

This article offers you a viewing point of what the best restaurant franchises are and what are the benefits of investing in those franchises. We ask you to take all of these top restaurant franchises into consideration, but you should choose the franchise that best fits your needs and is within your budget range.

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