As you can see, franchises experience a much higher long-term success rate. When starting a business, we sure hope that you want to build something long-lasting and successful! What else should you consider when trying to find the most profitable franchise?

Growing Industry

In any business endeavor, the size and growth of the industry matters. As times change and people’s behavior and buying patterns evolve, you’ll want to choose an industry that gives you maximum growth potential and unlimited customers. Many franchises can sustain themselves, dominate their respective markets, and survive economic downturns. In contrast, so many business models fail because their industry “takes a hit” or dies off completely (look what happened last year).

The coaching business continues to boom amidst chaos. Our multi-billion dollar industry is the 2^nd fastest growing according to Forbes and The National Post.  Click here for an in-depth industry outlook on business coaching. The combination of a proven system and a recession-proof industry sets ActionCOACH apart from other franchise models in terms of ROI.

Superb Products

We all know the importance of a product mix. Different customers (or businesses) need different products to improve their well-being. When looking for your ideal franchise, ask yourself this question: “Will my business offer products that meet customers’ needs and earn me profit?” The offerings must be adaptable for various customer profiles and changing trends, or you’ll struggle to find willing buyers. More importantly, each product must earn you significant profit. What happens if a product/service you offer becomes very popular but gives you poor ROI? You’ll be scrambling to change your prices or your product mix.

Our product ladder gives business coaches and firm owners a plethora of workshops, seminars, and services to offer clients. Want to succeed in the B2B space? Meet the needs of virtually every business. Lucky for you, ActionCOACH does just that.

Detailed FDD

When searching for a profitable franchise opportunity, you’ll become very familiar with Franchise Disclosure Documents (FDD’s). The FDD will give you detailed information related to investment level and profit potential. Some FDD’s are intentionally confusing or lack specificity, so make sure to ask your recruiter specific questions about it.

The Item 19 is probably the most important portion of an FDD; it displays an Earnings Claim. This will show you how much money you can expect to make with a franchise. If a franchise includes an Item 19 in their FDD, it shows confidence in their ability to give you a high ROI. 

The ActionCOACH GoBIG Region provides an Item 19 in its FDD, unlike any of our competitors. Check our FAQs on the topic here.

We hear firsthand the number of questions potential franchise partners have when searching for the perfect business. If you’re looking for profitable franchise opportunities, you’ve come to the right place. In fact, Franchise Business Review recently named ActionCOACH one of the Most Profitable Franchises in 2020!

Want to hear more reasons to become a franchise partner with ActionCOACH? Read our Franchise Introduction or talk to one of our coaching experts now.