Franchising for the Culture: 20 Best Brands for Black Ownership

Before investing in a franchise, it’s essential to grasp its initial costs, operational framework, and financial viability. The rise in Black franchising is fueled by a desire for entrepreneurship and increased income potential. The International Franchise Association (IFA) reports a remarkable 40% increase in Black franchise ownership over the past decade, with approximately 26% of franchises held by people of color. Franchisees, on average, achieve 2.2 times the sales of their non-franchise Black counterparts. However, prospective owners must remain cognizant of the challenges inherent in franchising. Franchise Business Review (FBR) recently highlighted the “Top 20 Franchises for Black Owners,” emphasizing brands like Kona Ice, which garners exceptional franchisee satisfaction amid its inclusive community initiatives. With strategic support and proven models, franchising can be a pathway to wealth.