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There are a plethora of franchises in the market to buy. Amongst these, currently, McDonald's is the best franchise to buy since it has been raking in a lot of profit.

In order to own McDonald's franchise, you will need an investment of around $1-$2.2 million, with a liquid capital of $750,000. It costs a lot since it is amongst the best franchises to own.

If you wish to increase your business's market share you can buy the popular franchises such as McDonald's, Dairy Queen, Taco Bell, Denny's, and Dunkin' Donuts.

You can buy a franchise when you feel that your existing business isn't doing good, and starting from the scratch is not an option. In such cases, a franchise ownership is advisable.

The benefits of owning a franchise is that it brings together independent retailers and this helps create brand awareness and uniformity in meeting customer expectations.

You can earn around $50,000 a year, approximately 7 percent of $250,000. The amount of money you earn depends completely on the franchise you have purchased.