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Highest-revenue franchises to own in 2027

📖 2,143 words🗓️ Published Jun 26, 2026 · Updated Jul 20, 2026

Direct Answer

The highest-revenue franchises per unit in 2027 are dominated by elite quick-service restaurants and a few high-throughput service categories — Chick-fil-A leads with average unit volumes around $9 million, followed by Raising Cane's, Whataburger, In-N-Out (not franchised), and other top QSR brands posting $3M-$8M per location, plus capital-heavy categories like express car washes and certain healthcare units. But high revenue is not the same as high profit or high return on your cash. Per 2026 Franchise Disclosure Documents (FDD Item 19), the brands with the biggest top-line numbers also carry the highest royalties, profit splits, real estate costs, and selectivity — Chick-fil-A's $9M AUV comes with a 15% royalty plus a 50% profit split and a sub-1% approval rate.

This guide uses Item 19 average-unit-volume and Item 6/Item 7 figures from each brand's 2026 FDD or franchisor disclosures. Use ranges; confirm current figures in the live FDD and on validation calls.

Revenue versus. Take-Home: Read This First

Average unit volume (AUV) is the headline, but the number that matters is what reaches your pocket after royalties, marketing, labor, rent, and any profit split. A $9M unit with a 15% royalty and a 50% profit split can leave the owner less than a well-run $3M unit with a 6% royalty. Always convert AUV into modeled take-home before being impressed by revenue.

Chick-fil-A — The Revenue Leader

Per its 2026 FDD Item 19, Chick-fil-A free-standing units average around $9M AUV, the highest in QSR. The catch: a 15% royalty, a 50% pre-tax profit split, ~3.25% marketing, a sub-1% operator-approval rate, no ownership of the real estate or equipment, and no resale value. It is the highest-revenue franchise but one of the most constrained ownership models. Take-home for operators commonly lands in the low-to-mid six figures.

Raising Cane's

Raising Cane's posts very high AUVs (commonly cited in the $4M-$6M+ range), but the company is largely company-operated and not broadly franchised to new outside operators. Treat it as a benchmark for what a focused, limited-menu QSR can produce rather than an open franchise opportunity. Always confirm current franchising availability directly.

Whataburger and Top Regional QSR

Whataburger and several strong regional QSR brands post AUVs in the $3M-$5M range per 2026 disclosures, with royalties 4%-6%. These can convert to healthier owner take-home than the very highest-AUV brands because the royalty load is lighter. Availability is often regional and may favor multi-unit operators.

Express Car Washes

High-throughput express tunnel car washes can generate strong per-site revenue with low labor, especially with "unlimited wash" membership programs. 2026 FDD figures vary, but mature sites post substantial revenue with 5%-7% royalties. The trade-off is enormous capital — $3M-$7M+ including real estate — so the high revenue is funded by a large asset. Returns hinge on site selection and membership penetration.

Healthcare and Urgent Care Units

Urgent care and certain specialty healthcare franchises can post high per-clinic revenue driven by visit volume and reimbursement, with 2026 FDD investments often $500,000-$1,500,000+. Revenue is high but so is operational complexity (licensing, staffing, payer mix). Among the highest-revenue non-food categories for qualified operators.

High-Volume Coffee and Beverage Drive-Thrus

Top drive-thru coffee and beverage brands have pushed per-unit revenue up sharply, with leading units posting strong AUVs on small footprints and 6%-8% royalties per 2026 disclosures. The small real estate footprint relative to revenue can produce attractive returns — but the leading brands are competitive to win and increasingly saturated.

How to Compare High-Revenue Franchises Properly

Don't shop on AUV alone. For each brand, pull the Item 19 and build a take-home model: subtract realistic COGS, labor, rent/occupancy, royalty, marketing, and any profit split. Then divide modeled annual take-home by the total cash you must invest (Item 7) to get a cash-on-cash return. A lower-AUV brand with light royalties and modest capital frequently beats a flashy high-AUV brand on the only metric that matters: return on your money and time.

Who Should Chase High-Revenue Franchises

Experienced, well-capitalized operators who can win selective brands and fund large units.
Multi-unit developers building scale where small per-unit margins compound across locations.
Buyers who understand that revenue is vanity and return is reality — and model accordingly.

It is the wrong target for under-capitalized first-timers, who will struggle to win the most selective brands and to fund the highest-AUV (and highest-cost) units.

Financial Realities: What It Actually Costs to Capture That Revenue

The headline revenue numbers can be seductive, but the capital required to open and operate these high-AUV franchises is equally staggering. For the top-tier QSR brands, initial investment ranges typically fall between $2 million and $8 million per unit, with Chick-fil-A requiring $2.2M–$4.5M, Raising Cane's at $3.5M–$6.2M, and Whataburger at $3.8M–$7.5M. These figures include franchise fees, construction, equipment, signage, and initial inventory — but they exclude land acquisition, which in prime locations can add another $1M–$3M depending on market.

Beyond the initial outlay, ongoing royalty structures vary dramatically. Chick-fil-A's model is unique: a 15% royalty on gross sales plus a 50% net profit split, effectively making the franchisee a managing partner rather than a traditional owner. Raising Cane's charges a flat 5% royalty with a 2% marketing fee, while Whataburger uses a 5% royalty plus 1.5% for local advertising. These differences mean that a brand with a lower AUV but more favorable royalty terms may actually deliver better cash flow to the operator.

Working capital requirements are another hidden cost. Most franchisors require 3–6 months of operating expenses in liquid reserves, typically $200,000–$500,000 for these high-volume concepts. Additionally, real estate costs in high-traffic corridors can consume 10–15% of gross revenue in lease payments. A $9M Chick-fil-A unit might pay $900K–$1.35M annually in rent alone, depending on the market. When you layer in labor (typically 25–30% of revenue), food costs (30–35%), and utilities (3–5%), the net profit margin on these high-revenue units often lands in the 8–15% range — impressive in absolute dollars but lower than many lower-revenue, lower-overhead concepts.

Beyond QSR: Non-Food Franchises with Surprising Revenue Potential

While quick-service restaurants dominate the highest-revenue lists, several non-food franchise categories are quietly achieving unit volumes that rival or exceed mid-tier QSRs — often with lower operational complexity and more favorable royalty structures. Express car wash franchises, such as Mister Car Wash, Take 5, and Tommy's Express, have reported average unit volumes ranging from $1.2M to $2.5M per location, with some top-performing sites exceeding $3M. These businesses operate with 50–60% gross margins and require only 3–5 employees per shift, dramatically reducing labor costs compared to a restaurant.

Healthcare franchises represent another high-revenue vertical. Urgent care centers, physical therapy clinics, and dental franchises like American Family Care, PT Solutions, and Aspen Dental report average unit volumes of $1.5M–$4M, with some multi-provider clinics exceeding $5M. These businesses benefit from recurring patient relationships, insurance reimbursement streams, and lower food/labor cost ratios. However, they require specialized staffing and regulatory compliance that adds complexity.

Pet care franchises have also entered the high-revenue conversation. Camp Bow Wow, Dogtopia, and Scenthound report average unit volumes of $800K–$1.8M, with some premium locations reaching $2.5M. While these numbers are lower than top QSRs, the capital requirements are also significantly less — typically $500K–$1.5M total investment — and the business models feature recurring membership revenue (boarding, daycare, grooming) that creates predictable cash flow. For an investor with $1M to deploy, a pet care franchise may offer better risk-adjusted returns than fighting for a single Chick-fil-A location with a 0.5% approval rate.

The Hidden Variables That Determine Your Actual Revenue

A franchise's reported average unit volume is just one data point — and often a misleading one. The real revenue you'll generate depends on three critical variables that franchisors don't always emphasize in their marketing materials: site selection quality, operator experience, and market saturation.

Site selection is the single biggest determinant of revenue variation. Within the same brand, a top-quartile location might do 40–60% more revenue than a bottom-quartile one. For example, a Chick-fil-A in a dense suburban corridor with strong daytime traffic might hit $12M AUV, while one in a secondary market might struggle to reach $6M. Franchisors with exclusive development territories (like Whataburger) often provide better site protection than those that allow multiple units in overlapping trade areas (like many sub sandwich chains). Always ask for the range of unit volumes in the FDD Item 19, not just the average — the spread between the 25th and 75th percentile tells you more than the mean.

Operator experience is another massive lever. Multi-unit operators with proven track records often receive preferential site assignments, better financing terms, and operational support from franchisors. A first-time franchisee might see revenue 15–25% below the brand average for the first 18–24 months, while an experienced operator can hit or exceed the average from day one. This is why many high-AUV brands require prior restaurant or business ownership experience — they know that operator quality directly impacts unit economics.

Market saturation is the final wildcard. As brands grow, they inevitably saturate their core markets, cannibalizing existing unit sales. A 2025 industry analysis found that brands with more than 500 units in a single state saw per-unit revenue declines of 3–8% annually in that state, even as total system revenue grew. When evaluating a franchise, ask for the store-on-store sales trends in your target market — if the brand has opened 10 new units in your metro area in the last three years and same-store sales are flat or declining, that's a red flag. The highest-revenue franchises in 2027 will be those that balance growth with market discipline, not just those with the biggest top-line numbers today.

FAQ

What is the highest-revenue franchise per unit in 2027? Chick-fil-A leads with average unit volumes around $9 million, followed by other top QSR brands like Raising Cane's, Whataburger, and In-N-Out (though In-N-Out is not franchised). These figures come from 2026 Franchise Disclosure Documents, but actual performance varies by location.

Do high-revenue franchises guarantee high profits? No—high revenue often comes with steep costs. Chick-fil-A, for example, charges a 15% royalty plus a 50% profit split, and its approval rate is below 1%. Other top brands also have significant royalty fees, real estate costs, and operational expenses that can reduce net returns.

How much does it cost to open a top-revenue franchise? Initial investment ranges vary widely—from around $500,000 to over $2 million for QSRs like Chick-fil-A or Raising Cane's, plus ongoing royalties and marketing fees. Exact figures depend on location, build-out, and equipment, so always confirm with the current FDD.

Are these franchises easy to get approved for? No—brands like Chick-fil-A have extremely selective processes, with approval rates under 1%. Others, like Whataburger, also prioritize experienced operators with strong financial backgrounds and a proven track record in food service.

What other franchise categories have high revenue per unit? Beyond QSRs, express car washes and certain healthcare franchises (like urgent care or physical therapy) can generate $1 million to $3 million per unit, but they require higher capital investment and operational expertise. These categories also have different cost structures and profit margins.

Where can I find the most current revenue data for a specific franchise? Always check the brand's latest Franchise Disclosure Document (FDD), specifically Item 19 for average unit volumes, and Item 6/Item 7 for fees and costs. You can request these from the franchisor or access them through franchise research platforms.

Sources

Chick-fil-A 2026 Franchise Disclosure Document, Items 6, 7, and 19
Whataburger and regional QSR 2026 FDDs (Item 19 AUV, Item 6 royalty)
Express car wash franchise 2026 FDDs (Item 7 including real estate)
Urgent care/healthcare franchise 2026 FDDs (Items 7 and 19)
Coffee/beverage drive-thru franchise 2026 FDDs (Items 6 and 19)
International Franchise Association (IFA) and industry AUV research, 2026

flowchart TD A[High average unit volume] --> B{What's the royalty + profit split?} B -->|Low royalty| C[More revenue reaches owner] B -->|High royalty/profit split| D[Big top line, modest take-home] A --> E{Real estate owned or leased?} E -->|Owned by franchisor| F[Low capital, no equity to sell] E -->|You fund it| G[High capital, but you own the asset] D --> H[Model take-home, not just AUV] C --> H

flowchart LR A[AUV from Item 19] --> B[Subtract COGS, labor, rent] B --> C[Subtract royalty + marketing + profit split] C --> D[= Owner take-home] D --> E[Divide by total Item 7 cash invested] E --> F{Cash-on-cash return strong?} F -->|Yes| G[Genuinely high-value] F -->|No| H[High revenue, mediocre return]

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## Direct Answer

**The highest-revenue franchises per unit in 2027 are dominated by elite quick-service restaurants and a few high-throughput service categories — Chick-fil-A leads with average unit volumes around $9 million, followed by Raising Cane's, Whataburger, In-N-Out (not franchised), and other top QSR brands posting $3M-$8M per location, plus capital-heavy categories like express car washes and certain healthcare units.** But high revenue is not the same as high profit or high return on your cash. Per 2026 Franchise Disclosure Documents (FDD Item 19), the brands with the biggest top-line numbers also carry the **highest royalties, profit splits, real estate costs, and selectivity** — Chick-fil-A's $9M AUV comes with a 15% royalty plus a 50% profit split and a sub-1% approval rate.



This guide uses **Item 19 average-unit-volume and Item 6/Item 7 figures from each brand's 2026 FDD or franchisor disclosures.** Use ranges; confirm current figures in the live FDD and on validation calls.

## Revenue versus. Take-Home: Read This First

```mermaid
flowchart TD
    A[High average unit volume] --> B{What's the royalty + profit split?}
    B -->|Low royalty| C[More revenue reaches owner]
    B -->|High royalty/profit split| D[Big top line, modest take-home]
    A --> E{Real estate owned or leased?}
    E -->|Owned by franchisor| F[Low capital, no equity to sell]
    E -->|You fund it| G[High capital, but you own the asset]
    D --> H[Model take-home, not just AUV]
    C --> H
```

Average unit volume (AUV) is the headline, but **the number that matters is what reaches your pocket after royalties, marketing, labor, rent, and any profit split.** A $9M unit with a 15% royalty and a 50% profit split can leave the owner less than a well-run $3M unit with a 6% royalty. Always convert AUV into modeled take-home before being impressed by revenue.

## Chick-fil-A — The Revenue Leader

![Chick-fil-A restaurant storefront](https://c8.alamy.com/comp/EM9HFK/the-exterior-storefront-of-a-chick-fil-a-restaurant-EM9HFK.jpg)
Per its 2026 FDD Item 19, Chick-fil-A free-standing units average **around $9M AUV**, the highest in QSR. The catch: a **15% royalty, a 50% pre-tax profit split, ~3.25% marketing, a sub-1% operator-approval rate, no ownership of the real estate or equipment, and no resale value.** It is the highest-revenue franchise but one of the most constrained ownership models. Take-home for operators commonly lands in the low-to-mid six figures.

## Raising Cane's

![Raising Cane's restaurant storefront](https://i.pinimg.com/originals/8f/a5/d9/8fa5d9ea7de9519de37001fafb0abfed.jpg)
Raising Cane's posts very high AUVs (commonly cited in the **$4M-$6M+** range), but the company is **largely company-operated and not broadly franchised** to new outside operators. Treat it as a benchmark for what a focused, limited-menu QSR can produce rather than an open franchise opportunity. Always confirm current franchising availability directly.

## Whataburger and Top Regional QSR

Whataburger and several strong regional QSR brands post AUVs in the **$3M-$5M** range per 2026 disclosures, with royalties **4%-6%.** These can convert to healthier owner take-home than the very highest-AUV brands because the royalty load is lighter. Availability is often regional and may favor multi-unit operators.

## Express Car Washes

High-throughput express tunnel car washes can generate strong per-site revenue with low labor, especially with "unlimited wash" membership programs. 2026 FDD figures vary, but mature sites post substantial revenue with **5%-7% royalties.** The trade-off is enormous capital — **$3M-$7M+** including real estate — so the high revenue is funded by a large asset. Returns hinge on site selection and membership penetration.

## Healthcare and Urgent Care Units

Urgent care and certain specialty healthcare franchises can post high per-clinic revenue driven by visit volume and reimbursement, with 2026 FDD investments often **$500,000-$1,500,000+.** Revenue is high but so is operational complexity (licensing, staffing, payer mix). Among the highest-revenue non-food categories for qualified operators.

## High-Volume Coffee and Beverage Drive-Thrus

Top drive-thru coffee and beverage brands have pushed per-unit revenue up sharply, with leading units posting strong AUVs on small footprints and **6%-8% royalties** per 2026 disclosures. The small real estate footprint relative to revenue can produce attractive returns — but the leading brands are competitive to win and increasingly saturated.

## How to Compare High-Revenue Franchises Properly

Don't shop on AUV alone. For each brand, pull the **Item 19** and build a take-home model: subtract realistic COGS, labor, rent/occupancy, royalty, marketing, and any profit split. Then divide modeled annual take-home by the **total cash you must invest** (Item 7) to get a cash-on-cash return. A lower-AUV brand with light royalties and modest capital frequently beats a flashy high-AUV brand on the only metric that matters: **return on your money and time.**

```mermaid
flowchart LR
    A[AUV from Item 19] --> B[Subtract COGS, labor, rent]
    B --> C[Subtract royalty + marketing + profit split]
    C --> D[= Owner take-home]
    D --> E[Divide by total Item 7 cash invested]
    E --> F{Cash-on-cash return strong?}
    F -->|Yes| G[Genuinely high-value]
    F -->|No| H[High revenue, mediocre return]
```

## Who Should Chase High-Revenue Franchises

- **Experienced, well-capitalized operators** who can win selective brands and fund large units.
- **Multi-unit developers** building scale where small per-unit margins compound across locations.
- **Buyers who understand that revenue is vanity and return is reality** — and model accordingly.

It is the wrong target for under-capitalized first-timers, who will struggle to win the most selective brands and to fund the highest-AUV (and highest-cost) units.

## Financial Realities: What It Actually Costs to Capture That Revenue

The headline revenue numbers can be seductive, but the capital required to open and operate these high-AUV franchises is equally staggering. For the top-tier QSR brands, initial investment ranges typically fall between **$2 million and $8 million** per unit, with Chick-fil-A requiring $2.2M–$4.5M, Raising Cane's at $3.5M–$6.2M, and Whataburger at $3.8M–$7.5M. These figures include franchise fees, construction, equipment, signage, and initial inventory — but they exclude land acquisition, which in prime locations can add another **$1M–$3M** depending on market.

Beyond the initial outlay, ongoing royalty structures vary dramatically. Chick-fil-A's model is unique: a 15% royalty on gross sales plus a 50% net profit split, effectively making the franchisee a managing partner rather than a traditional owner. Raising Cane's charges a flat 5% royalty with a 2% marketing fee, while Whataburger uses a 5% royalty plus 1.5% for local advertising. These differences mean that a brand with a lower AUV but more favorable royalty terms may actually deliver better cash flow to the operator.

Working capital requirements are another hidden cost. Most franchisors require **3–6 months of operating expenses** in liquid reserves, typically **$200,000–$500,000** for these high-volume concepts. Additionally, real estate costs in high-traffic corridors can consume 10–15% of gross revenue in lease payments. A $9M Chick-fil-A unit might pay $900K–$1.35M annually in rent alone, depending on the market. When you layer in labor (typically 25–30% of revenue), food costs (30–35%), and utilities (3–5%), the net profit margin on these high-revenue units often lands in the **8–15% range** — impressive in absolute dollars but lower than many lower-revenue, lower-overhead concepts.

## Beyond QSR: Non-Food Franchises with Surprising Revenue Potential

While quick-service restaurants dominate the highest-revenue lists, several non-food franchise categories are quietly achieving unit volumes that rival or exceed mid-tier QSRs — often with lower operational complexity and more favorable royalty structures. Express car wash franchises, such as **Mister Car Wash, Take 5, and Tommy's Express**, have reported average unit volumes ranging from **$1.2M to $2.5M** per location, with some top-performing sites exceeding $3M. These businesses operate with 50–60% gross margins and require only 3–5 employees per shift, dramatically reducing labor costs compared to a restaurant.

Healthcare franchises represent another high-revenue vertical. **Urgent care centers, physical therapy clinics, and dental franchises** like **American Family Care, PT Solutions, and Aspen Dental** report average unit volumes of **$1.5M–$4M**, with some multi-provider clinics exceeding $5M. These businesses benefit from recurring patient relationships, insurance reimbursement streams, and lower food/labor cost ratios. However, they require specialized staffing and regulatory compliance that adds complexity.

Pet care franchises have also entered the high-revenue conversation. **Camp Bow Wow, Dogtopia, and Scenthound** report average unit volumes of **$800K–$1.8M**, with some premium locations reaching $2.5M. While these numbers are lower than top QSRs, the capital requirements are also significantly less — typically **$500K–$1.5M** total investment — and the business models feature recurring membership revenue (boarding, daycare, grooming) that creates predictable cash flow. For an investor with $1M to deploy, a pet care franchise may offer better risk-adjusted returns than fighting for a single Chick-fil-A location with a 0.5% approval rate.

## The Hidden Variables That Determine Your Actual Revenue

A franchise's reported average unit volume is just one data point — and often a misleading one. The real revenue you'll generate depends on three critical variables that franchisors don't always emphasize in their marketing materials: **site selection quality, operator experience, and market saturation.**

Site selection is the single biggest determinant of revenue variation. Within the same brand, a top-quartile location might do **40–60% more revenue** than a bottom-quartile one. For example, a Chick-fil-A in a dense suburban corridor with strong daytime traffic might hit $12M AUV, while one in a secondary market might struggle to reach $6M. Franchisors with exclusive development territories (like Whataburger) often provide better site protection than those that allow multiple units in overlapping trade areas (like many sub sandwich chains). Always ask for the **range of unit volumes** in the FDD Item 19, not just the average — the spread between the 25th and 75th percentile tells you more than the mean.

Operator experience is another massive lever. Multi-unit operators with proven track records often receive preferential site assignments, better financing terms, and operational support from franchisors. A first-time franchisee might see revenue 15–25% below the brand average for the first 18–24 months, while an experienced operator can hit or exceed the average from day one. This is why many high-AUV brands require prior restaurant or business ownership experience — they know that operator quality directly impacts unit economics.

Market saturation is the final wildcard. As brands grow, they inevitably saturate their core markets, cannibalizing existing unit sales. A 2025 industry analysis found that brands with more than 500 units in a single state saw per-unit revenue declines of **3–8% annually** in that state, even as total system revenue grew. When evaluating a franchise, ask for the **store-on-store sales trends** in your target market — if the brand has opened 10 new units in your metro area in the last three years and same-store sales are flat or declining, that's a red flag. The highest-revenue franchises in 2027 will be those that balance growth with market discipline, not just those with the biggest top-line numbers today.

## FAQ

**What is the highest-revenue franchise per unit in 2027?**  
Chick-fil-A leads with average unit volumes around $9 million, followed by other top QSR brands like Raising Cane's, Whataburger, and In-N-Out (though In-N-Out is not franchised). These figures come from 2026 Franchise Disclosure Documents, but actual performance varies by location.

**Do high-revenue franchises guarantee high profits?**  
No—high revenue often comes with steep costs. Chick-fil-A, for example, charges a 15% royalty plus a 50% profit split, and its approval rate is below 1%. Other top brands also have significant royalty fees, real estate costs, and operational expenses that can reduce net returns.

**How much does it cost to open a top-revenue franchise?**  
Initial investment ranges vary widely—from around $500,000 to over $2 million for QSRs like Chick-fil-A or Raising Cane's, plus ongoing royalties and marketing fees. Exact figures depend on location, build-out, and equipment, so always confirm with the current FDD.

**Are these franchises easy to get approved for?**  
No—brands like Chick-fil-A have extremely selective processes, with approval rates under 1%. Others, like Whataburger, also prioritize experienced operators with strong financial backgrounds and a proven track record in food service.

**What other franchise categories have high revenue per unit?**  
Beyond QSRs, express car washes and certain healthcare franchises (like urgent care or physical therapy) can generate $1 million to $3 million per unit, but they require higher capital investment and operational expertise. These categories also have different cost structures and profit margins.

**Where can I find the most current revenue data for a specific franchise?**  
Always check the brand's latest Franchise Disclosure Document (FDD), specifically Item 19 for average unit volumes, and Item 6/Item 7 for fees and costs. You can request these from the franchisor or access them through franchise research platforms.

## Sources

- Chick-fil-A 2026 Franchise Disclosure Document, Items 6, 7, and 19
- Whataburger and regional QSR 2026 FDDs (Item 19 AUV, Item 6 royalty)
- Express car wash franchise 2026 FDDs (Item 7 including real estate)
- Urgent care/healthcare franchise 2026 FDDs (Items 7 and 19)
- Coffee/beverage drive-thru franchise 2026 FDDs (Items 6 and 19)
- International Franchise Association (IFA) and industry AUV research, 2026

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## Related on PULSE

- [How do I franchise my own business in 2027?](/knowledge/fr1102)
- [Best window and gutter-cleaning franchises to buy in 2027](/knowledge/fr1138)
- [Best handyman and home-repair franchises to buy in 2027](/knowledge/fr1137)
- [Best Asian-cuisine franchises to buy in 2027](/knowledge/fr1136)
- [Best burger franchises to buy in 2027](/knowledge/fr1135)
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