Becoming a franchisee is a path towards making a tangible difference in your community while pursuing your business dreams. The fastest-growing franchises are all exciting, invigorating business ventures in diverse sectors. They are perfect opportunities to bring your community an essential service and become a business leader.
If you’re looking to become a franchisee but feel overwhelmed by the sheer number of franchises out there, look no further! In this article, we’ll explain what you need to know about the fastest-growing franchises.
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Fastest-Growing Franchises With True Profit Potential
The number of franchises out there can be daunting, so 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.*
Jan-Pro Cleaning and Disinfecting
Jan-Pro Cleaning and Disinfecting has been helping the world stay clean since 1991. By offering cleaning services to businesses, schools, and other organizations, this top franchise takes care of cleaning and hygiene so that organizations can focus on their daily operations.
Jan-Pro helps take care of the Earth through its “green cleaning” initiative, which uses cleaning products that contain fewer chemicals.
Founding date: 1991
Initial investment: $4K-$56K
Royalty fees: 10%
Unit growth over the past 3 years: 19%
Get moving with F45 Training! This fitness studio franchise’s 45-minute high-intensity interval training (HIIT) classes attract community members who are looking to get in shape. This best new franchise is expanding quickly, so join it as it takes off!
Founding date: 2015
Initial investment: $313K-$485K
Royalty fees: $2.5K+/month
Unit growth over the past 3 years: 95%
Stratus Building Solutions
Stratus Building Solutions brings safety and security to your community. This company has proprietary chemicals and equipment, as well as “Status Green Clean” offerings. Becoming a franchisee with this innovative cleaning and restoration company is a surefire way to make the world a better place while bringing in a profit.
Founding date: 2004
Initial investment: $4K-$80K
Royalty fees: 5%
Unit growth over the past 3 years: 56%
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. Members can work out any time, any day, without raising the franchise’s operating cost. Hundreds of thousands of people join fitness clubs every year, so investing in this franchise is sure to pay off.
Founding date: 2001
Initial investment: $73K-$694K
Royalty fees: $449-$649/month
Unit growth over the past 3 years: 20%
If you’re passionate about increasing people’s peace of mind, become a franchisee with Goosehead Insurance. This best new franchise company provides comprehensive insurance for cars, homes, and more, with transparency and accessibility as its main values.
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 investment: $42K-$117K
Royalty fees: 20-50%
Unit growth over the past 3 years: 214%
Servpro is a unique franchise company that specializes in disaster reparation such as repairing damages from fires and flooding. The company’s founders based their headquarters in Gallatin, Tennessee, to be within 600 miles of 50% of the United States’ population. If you want to make a true difference in the world, this just might be the franchise for you.
Founding date: 1967
Initial investment: $192K-$246K
Royalty fees: 3-10%
Unit growth over the past 3 years: 14%
Card My Yard
Bring art and happiness to your community –– and a profit to yourself –– by becoming a Card My Yard franchisee. This unique company rents all types of yard signs, from birthday messages to congratulations messages and more. These days, yard signs provide joy and connection when it might be difficult to gather in person for celebrations, making now the perfect time to hop on the bandwagon with this top new franchise company.
Founding date: 2014
Initial investment: $8K-$17K
Royalty fees: 25%
Unit growth over the past 3 years: 431%
Get ready to be over the moon with Dream Vacations! This travel agency sells travel packages, excursions, trip insurance, and more, enabling customers to have the trip of a lifetime. As more and more people are traveling, now is the perfect time to embark on the journey of becoming a Dream Vacations franchisee. All aboard!
Founding date: 1991
Initial investment: $2K-$21K
Royalty fees: 1.5-3%
Unit growth over the past 3 years: 12%
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. More and more parents want their kids to learn how to code, and this business is currently one of the fastest-growing franchises, so becoming a Code Ninjas franchisee is a surefire investment.
Founding date: 2016
Initial investment: $130K-349K
Royalty fees: 6.5-12%
Unit growth over the past 3 years: 615%
Rooter-Man to the rescue! This franchise company 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 starting a Rooter-Man franchise location.
Founding date: 1970
Initial investment: $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 accessible to more people than ever before.
This franchise is well-established, with many decades of experience, yet it is still rapidly expanding. If you enjoy helping people find their forever home, this might be the franchise for you.
Founding date: 1971
Initial investment: $25K-$457K
Royalty fees: 6%
Unit growth over the past 3 years: 66%
How To Choose a Profitable Franchise
When you’re deciding which franchise to own, it’s important to do your own homework and consider all the angles. According to 2019 research, the two-year success rate for franchises was 6% higher than the success rate for independent businesses. However, different franchises have different success rates, so be sure to choose one that you think has the highest chance of success. It’s also important to consider your temperament in deciding whether to become a franchisee. Business ownership isn’t the right fit for everyone, but it can do wonders for the right person.
Consider the franchise’s product. Make sure that it offers a product or service that is adaptable for multiple customer profiles. Choose a business that can adapt as customers’ needs change.
As well, make sure to research the franchise’s structure and management. Is there clear communication between the franchisor and franchisees? Does the franchisor help franchisees with marketing? Does it establish efficient processes and procedures? If the answers to these questions are no, consider looking elsewhere.
Of course, also consider franchise costs. In addition to rent, remodeling, marketing, and personnel fees, remember that franchises have a franchise fee and a royalty fee. The franchise fee is a one-time fee that gives you the right to use the franchisor’s brand, software, materials, and support network, and the royalty fee is a percentage of your revenue.
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. Keep these costs in mind as you’re making a decision. Soon enough, you will have narrowed your list down and found the perfect match for you!
Set Your Franchise Up For Success With The Print Authority
One of the key aspects of a successful franchise is quality printed products, including marketing materials, menus, and more. 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 franchises to design, print, and distribute all printed materials, and we specialize in web to print portals for franchises that make ordering printed products quick, easy, and affordable. To learn more about our franchise printing services, 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 just presenting you with options to start the process of evaluating franchise ownership. Please obtain independent advice from professionals in making your decision.