The Best and Worst Franchises to Buy in 2020

Jun 23, 2020

The Best and Worst Franchises to Buy in 2020

A March study by FranConnect found that 66% of franchisors were actively pushing sales of new franchises. This prioritization of franchise sales came at a time when the coronavirus outbreak was causing massive lockdowns throughout the US—indicating that these brands were still planning to grow in 2020.

An interesting finding from that report: the variance between industries. Almost 90% of business- and residential-services brands continued to bring on new franchisees. However, restaurants were the opposite: 75% of food-service brands were stopping all franchise sales efforts.

This contrasting franchise growth across industries is an excellent example of how the coronavirus has impacted business sectors differently. If you’re an entrepreneur looking into buying a franchise, you should consider both the current and long-term effects of COVID-19.

Below are some of the best and worst franchises to buy in 2020 based on industry. 

About the Author

Derek Miller

Derek Miller

Derek Miller is a writer specializing in entrepreneurship, small business, and digital marketing. His work has featured in sites like Entrepreneur, GoDaddy, Score.org, and StartupCamp. He’s currently the CMO of Smack Apparel, the content guru at Great.com, and a marketing consultant for small businesses.

See all articles by this author

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