Becoming a franchisee is the perfect chance to make a difference in your community while pursuing your business dreams. The fastest-growing franchises include many exciting opportunities in a wide range of sectors.
If you’re looking to become a franchisee but feel overwhelmed by all the options, look no further! In this article, we’ll explain what you need to know.
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Fastest-Growing Franchises With True Profit Potential
If the large number of franchises feels overwhelming, no need to worry: we’ve narrowed it down for you. If you want to invest in yourself and your community, consider these top new franchises that are all experiencing rapid growth.*
Stratus Building Solutions
Stratus Building Solutions brings safety and security to your community. With proprietary chemicals and equipment, as well as “Stratus Green Clean” offerings, becoming a Stratus franchisee is a surefire way to make the world a better place while making a profit.
Founding date: 2004
Initial franchise fee: $4K-$80K
Royalty fees: 5%
Unit growth over the past 3 years: 56%
Anytime Fitness
Anytime Fitness’s strategy is unique: each location of this fitness franchise is open 24 hours, using technology to ensure security while decreasing the need for staffing. Hundreds of thousands of people join fitness clubs every year, so investing in this franchise is sure to pay off.
Founding date: 2001
Initial franchise fee: $73K-$694K
Royalty fees: $449-$649/month
Unit growth over the past 3 years: 20%
Goosehead Insurance
If you’re passionate about increasing people’s peace of mind, become a franchisee with Goosehead Insurance. With transparency and accessibility as its main values, Goosehead provides comprehensive insurance for cars, homes, and more.
This company is seeking franchisees throughout the United States, so if you’re interested in joining a successful business, it might just be the perfect match.
Founding date: 2003
Initial franchise fee: $42K-$117K
Royalty fees: 20-50%
Unit growth over the past 3 years: 214%
Servpro
Servpro is a unique franchise company that specializes in disaster reparation such as repairs from fires and flooding. The company is based in Gallatin, Tennessee, in order to be located within 600 miles of 50% of the United States’ population. If you want to make a difference in the world, this might be the franchise for you.
Founding date: 1967
Initial franchise fee: $192K-$246K
Royalty fees: 3-10%
Unit growth over the past 3 years: 14%
Card My Yard
Bring art and happiness to your community by becoming a Card My Yard franchisee. This unique company rents all types of yard signs, from birthday messages to congratulations messages and more. Card My Yard has experienced huge growth over the past few years, making now the perfect time to hop on the bandwagon.
Founding date: 2014
Initial franchise fee: $8K-$17K
Royalty fees: 25%
Unit growth over the past 3 years: 431%
Dream Vacations
Get ready to be over the moon with Dream Vacations! This travel agency sells travel packages, excursions, trip insurance, and more, giving customers the trip of a lifetime. Now is the perfect time to embark on the journey of becoming a Dream Vacations franchisee. All aboard!
Founding date: 1991
Initial franchise fee: $2K-$21K
Royalty fees: 1.5-3%
Unit growth over the past 3 years: 12%
Code Ninjas
Invest in the next generation with Code Ninjas. This innovative company provides coding classes for kids, offering them valuable skills and helping them learn and grow. Coding is an important skill these days, making this one of the fastest-growing franchises in the country, so becoming a Code Ninjas franchisee is a surefire investment.
Founding date: 2016
Initial franchise fee: $130K-349K
Royalty fees: 6.5-12%
Unit growth over the past 3 years: 615%
Rooter-Man
Rooter-Man to the rescue! This franchise provides plumbing, sewer, and drain cleaning services around the country. If you want to help others with pressing issues and become a successful business owner, consider becoming a Rooter-Man franchisee.
Founding date: 1970
Initial franchise fee: $47K-138K
Royalty fees: Varies
Unit growth over the past 3 years: 12%
Century 21 Real Estate
Century 21 Real Estate is one of the fastest-growing franchises in the world. With a 66% increase in units over the past three years, this real estate company makes housing more accessible than ever before.
Century 21 is well-established, with many decades of experience, yet it is still rapidly expanding. If you enjoy helping people find their forever home, this could be the franchise for you.
Founding date: 1971
Initial franchise fee: $25K-$457K
Royalty fees: 6%
Unit growth over the past 3 years: 66%
How To Choose a Profitable Franchise
As a potential franchisee, you should do your homework. Here’s what to consider.
Franchise Success Rates
According to 2019 research, the two-year success rate for the fastest-growing franchises was 6% higher than it was for independent businesses. However, this can vary, so choose one that you think has the best chance of success.
The Franchise’s Product Or Service
Make sure that the franchise is adaptable for multiple customer profiles. Select a business that will succeed even as customers’ needs change.
The Franchise’s Structure and Management
Is there clear communication between the franchisor and franchisees? Does the franchise owner help franchisees with marketing? Does it establish efficient processes and procedures? Is there a solid training program? Know the answers to these questions before you make a decision.
Franchise Costs
In addition to rent, remodeling, marketing, and personnel fees, account for the initial investment and a royalty fee. A franchise with a low franchise fee but a high royalty fee might ultimately cost more than one with a larger franchise fee but a smaller royalty fee, so do the math.
Soon enough, you will have narrowed your list down and found the perfect match!
Set Your Franchise Up For Success With The Print Authority
Besides customer service, another one of the key aspects of a successful franchise is quality printed products. Here at The Print Authority, we’re passionate about using printing to help franchisees achieve their goals.
For over three decades, we’ve partnered with the fastest-growing franchises to design, print, and distribute all of your printed materials. We specialize in web-to-print portals for franchises that make ordering products quick and easy. To learn more about how we can help your franchise succeed, contact us today!
*Be sure to carefully consider the risks and benefits of franchise ownership in any specific franchise brand before making an investment. We are not endorsing any of these franchise brands specifically, but presenting you with options to start the process of evaluating franchise ownership. Please obtain independent advice from professionals in making your decision.
