Top 10 USA Franchises to Profit Amid COVID Crisis

The COVID-19 pandemic has dealt a staggering blow to the US economy, closing down businesses and rendering millions of people jobless. From small businesses to large conglomerates, everyone has suffered significant revenue losses in 2020. However, even amidst the grim market scenario, some businesses were able to outwit the economic crisis, generating profits, with their resilience and adaptability to the new normal. On that note, here are the top 10 USA franchises that thrived during the COVID-19 pandemic.

1. Dunkin’

Even after dropping ‘Donuts’ from the name, Dunkin’ has managed to lead the franchise business, generating significant profits in 2020. The enterprise’s zeal to innovate and evolve has played a pivotal role in its franchise growth, leading to 12,957 branches. With an initial investment of $395,500, Dunkin’ is an exceptional franchise to invest in 2021.

 

2. Ace Hardware

As people remained confined to their homes for the larger part of the year, the demand for hardware services rose substantially, as residents had to take care of the knick-knack repairs themselves. Owing to this need, the demand for Ace Hardware increased sharply. They generated $1.4 billion in revenue in the first quarter of 2020, 4% more than the previous year. At present, Ace Hardware has more than 7000 outlets across the world.

 

3. 7-Eleven

7-Eleven has set a precedence during the COVID-19 period by initiating stringent hygiene and safety protocols. With the growing demand for delivery of goods, they have partnered with third-party delivery services, to better serve their consumer. Their fast adaptability has helped them in generating profits. 7-Eleven has more than 71,100 branches, making it one of the best franchise businesses for investment.

 

4. Mathnasium

With schools closing down due to the pandemic, the increased demand for private tuition was met by Mathnasium, presently they have more than 1000 outlets. As virtual teaching becomes a part of the new normal, Mathnasium is emerging as a top franchise in this market to work with.

 

5. Servpro

People and commercial establishments have become extra cautious regarding hygiene, creating a demand for cleaning services. It helped Servpro to thrive amid the crisis with a projected revenue of $300 million.

 

6. The UPS Store

Ecommerce is booming with more people wanting their purchases delivered at the doorstep. Rising to the demand, the UPS Store has helped several small businesses transition into digital commerce infrastructures. This franchise is expanding further to meet business demands. 

7. Popeyes

Fast-food chain Popeyes has shown remarkable growth during the pandemic in 2020, generating a 25% hike in sales across 3000 outlets. 

 

8. FASTSIGNS

Signage printer enterprise FASTSIGNS has grown its franchise business through 2020 and has increased their number of outlets across the country as demand for safety signage sores. 

 

9. Planet Fitness

Even during the pandemic, Planet Fitness was able to open new franchise outlets. The franchise has been growing exponentially in the last five years and maintained its streak during 2020.

 

10. Great Clips  

Considering how COVID prevented people from continuing their regular salon visits, Great Clips faired well due to their stringent safety protocols. It has earned a strong reputation from their clients and therefore can be regarded as an excellent franchise opportunity.

 

Hope this blog was helpful to the readers. For more interesting informational write-ups and to understand the pros and cons of franchising refer to the most trusted franchise magazine & franchise directory in the USA, https://franchisingusamagazine.com/.

 

 

Source: https://topfranchisesopportunitiesintheusa.wordpress.com/2021/01/16/top-10-usa-franchises-to-profit-amid-covid-crisis/