What Are The Most Profitable Fast Food Franchises In 2024?
The United States' most profitable fast food franchises have transformed the already-booming industry into a whopping success, leveraging customers' preferences and innovation to garner fantastic financial success. These chains know what they're doing, whether fresh ingredients, forward-thinking delivery methods, or iconic menu items. But the question is: who are they?
While we're sure you can guess some, this definitive list will cover the top ten most profitable fast-food franchises in 2024. You're bound to see some of your favorites.
The 10 Most Profitable Fast Food Franchises In 2024
The further down the list you go, the more profitable the fast-food franchises get!
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Papa Johns
Systemwide sales $1.34 billion
Founded in 1985, Papa Johns wasted no time starting its franchise—it was only a year into its operation! But it's been successful; systemwide sales topped $1.34 billion on its last report.
Today, it's one of the cheapest fast-food franchises to open. Entrepreneurs can tap into pizza's everlasting popularity without committing to dine-in facilities.
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Wingstop
Systemwide sales: $3.5 billion
Since its birth in 1994 in Garland, Texas, Wingstop has become the spot for buffalo-style chicken wings. With more than 2,000 locations across 26 states, the franchise has proved both flexible and supportive of its franchisees. The pretty low startup cost is a boon, too!
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Arby's
Systemwide sales: $4.54 billion
Arby's is one of the top ten restaurant brands in North America, and its coverage is set to grow even more as franchisees across the country open shop. Supported by a highly regarded menu, the eatery, founded in 1964, is a popular choice for entrepreneurs with little management experience.
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KFC
Systemwide sales: $5.1 billion
Despite experiencing ups and downs since its 1930 inception, KFC holds firm on the profit scale, thanks to its vast success overseas — it's even a Japanese Christmas tradition!
And for franchisees? KFC offers options for all sorts of budgets and ambitions, suiting first-timers and well-established veterans.
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Panera Bread
Systemwide sales: $6.79 billion
Panera Bread is a well-loved name among foodies, offering more than 1,000 locations across the United States and Canada. Having opened in 1987, it didn't begin franchising until 1997, giving the original owners plenty of time to raise the standard.
As time passes, the franchise is expected to remain a super-profitable industry contributor.
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Popeyes
Systemwide sales: $6.8 billion
With more than 3,000 locations in the US alone, Popeyes Louisiana Kitchen operates in a staggering 30 countries. It's a leading force in the sector, attracting potential franchisees and fried-chicken-loving consumers. Entrepreneurs with various budgets can join one of the most successful quick-service restaurants in the States.
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Dunkin'
Systemwide sales: $11.28 billion
Formerly known as Dunkin' Donuts, Dunkin's roots began in 1948 with the birth of Quincy-located The Open Kettle. But now, it's a nationwide phenomenon, removing Donuts from its name to expand its menu.
Currently, its franchise count sits at 9,400 in the US and 3,400 units internationally.
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Wendy's
Systemwide sales: 11.69 billion
Famous among the younger generations for its creative marketing campaigns, Wendy's has consistently shown it can remain profitable, regardless of the ever-shifting demographics. With over 7,000 locations worldwide, it is unsurprising that it scores so highly on this list.
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Taco Bell
Systemwide sales: $13.85 billion
Like Wendy's, Taco Bell has over 7,000 locations across 30 countries. The franchise has a reputation for fast, flavorful Mexican food, solidifying itself as a top contender in the industry.
Yum owns them! Brands Inc. and Taco Bell franchisees benefit from the world-renowned parent company's extensive resources and high-quality support. It has a vast global presence that's difficult to contend with.
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McDonald's
Systemwide sales $48.73 billion
McDonald's has come a long way from its humble beginnings in the 1940s! With jaw-dropping systemwide sales, the oh-so-popular franchise is the clear winner. This chain alone has shaped the entire industry.
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Unsurprisingly, the nation's favorite fast-food franchises are the most profitable as of 2024. But the size of their wealth may have shocked you or even prompted you to enter the food industry. There's a bunch of money to be made, after all.
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Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.