Top 15 Fastest Growing Franchises In 2024
For entrepreneurs, investing in one of the fastest growing franchises can be a less risky option than starting a business from scratch.
These franchises have a proven business model, established brand recognition, and provide support and training to their franchisees.
This means that the franchise already has a customer base, a recognizable brand, and a system in place for operations and marketing.
Fast-growing franchises are attractive for entrepreneurs looking to start their own businesses. They span various industries such as food, retail, cleaning, and real estate.
When considering investing in a franchise, it’s important to take into account the franchise’s track record of success and potential for growth.
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List Of 15 Fastest Growing Franchises
Here is the list of the top 15 great franchise opportunities, our team has researched for you.
1. Jan-Pro Cleaning and Disinfecting
Jan-Pro Cleaning and Disinfecting specializes in commercial cleaning and disinfecting services. The company was founded in 1991 and has grown to over 10,000 franchisees worldwide.
Jan-Pro provides services to a wide range of businesses, including office buildings, healthcare facilities, schools, and more. Jan-pro’s unique cleaning system and environmentally friendly cleaning products have helped it to become one of the fastest-growing franchises.
Initial – Investment: The cost of entry for a Jan-Pro Cleaning and Disinfecting franchise is relatively low, with the total investment estimated to be between $5k – $58k. This includes the franchise fee, training, and marketing materials.
Jan-Pro Cleaning and Disinfecting provides extensive training and support for its franchisees, including ongoing training, access to proprietary tools and technology, and marketing support.
2. Kentucky Fried Chicken (KFC)
Kentucky Fried Chicken is a fast-food franchise that specializes in fried chicken. It was founded in 1930 and now has over 26000 locations worldwide. Fried chicken is one of KFC’s most famous dishes, along with coleslaw, mashed potatoes, and biscuits.
Initial Investment: KFC franchises require a high entry investment, estimated at between $1.4 million and $3.2 million. This includes franchise fees, equipment, and build-out costs. A variety of training and support tools are provided to franchisees by KFC, including initial training, ongoing training, and technology access.
3. 7 – Eleven
A well-known and recognizable convenience store, 7-Eleven is one of the fastest-growing franchises in Dallas and worldwide. Since 1927, the company has grown to over 71000 locations in 17 countries.
There is nothing better than 7-Eleven when it comes to snack and beverage options, food items, and convenient store hours and locations. The company offers two types of franchise opportunities, such as:
- Single-store franchise opportunity
- Multi-unit franchise opportunity
Initial investment: 7-Eleven franchises have high entry costs, ranging from $125K – $1.3M for the total investment. Startup costs include the franchise fee, store build-out costs, and inventory costs. There is an internal financing program at 7-Eleven that provides financing up to 65% of the initial franchise fee.
4. Jimmy John’s Gourmet
Jimmy John’s Gourmet Sandwiches is a fast food franchise that specializes in providing gourmet sandwiches and subs with a wide range of options.
The company was founded in 1983 and has grown to over 2,800 locations in the United States. Jimmy John’s is known for its fresh ingredients, fast service, and delivery options.
The company uses high-quality meats, cheeses, and bread, and prepares sandwiches to order, ensuring that customers receive a fresh and delicious meal.
Initial Investment: It is estimated that the total investment will be between $330k and $570k. This includes the franchise fee of $5K – $10K for a limited time, usually $30K – $35k, equipment cost, and build-out costs for 800 – 1800 sq. ft. Franchisees will receive ongoing training, access to proprietary tools, and marketing support.
5. F45 Training
A fitness franchise specializing in functional training classes for groups, F45 Training is based on the Gold Coast, Australia. Founded in 2011, the company now has over 1,700 locations in 45 countries. There is a wide variety of classes at F45 Training, including functional movements, high-intensity interval training, and circuit training.
Initial Investment: F45 Training franchises require an initial investment of $350K – $565K. There will be a franchise fee, equipment, and build-out costs associated with the business. A key component of F45 Training’s franchisee support system is training, which includes introductory and ongoing training as well as access to proprietary tools and technology.
6. Mac Donald’s
The McDonald’s chain of fast food restaurants specializes in hamburgers, fries, and other fast food items. Since its founding in 1940, the company has grown to more than 38,000 locations worldwide. Known for its value menu, drive-thru service, and iconic Golden Arches, McDonald’s is one of the world’s fastest-growing franchises and most successful fast food brands.
Initial Investment: McDonald’s franchises come with a relatively high entry fee, with a total investment of $1.4 million – $2.5 million. This includes franchise fees, equipment, and build-out costs. As part of its franchisee support program, McDonald’s provides its franchisees with extensive training and ongoing support, as well as proprietary tools and technology.
7. Century 21 Real Estate
Century 21 Real Estate is one of the most well-known and recognizable real estate franchise companies in the world. Founded in 1971, the company now has over 9,000 independent franchise offices worldwide. As a full-service real estate company, Century 21 offers residential and commercial real estate sales, mortgage financing, and insurance to its customers.
Initial Investment: Franchise costs range from $25k to $460k. Among these costs are the 6% royalty fee, franchise fee, training, marketing materials, and others. Century 21 Real Estate has been recognized by Entrepreneur Magazine as one of the best franchise opportunities in the industry.
8. Stratus Building Solutions
Stratus Building Solutions provides commercial cleaning and janitorial services. The company was founded in 2006 and currently has over 2000 franchises throughout the US and Canada. Cleaning services offered by Stratus Building Solutions include daily cleaning, carpet cleaning, window cleaning, and special project cleaning.
Initial Investment: There are different types and sizes of franchises, so expenses and investment costs will vary. Unit franchises are estimated to have an investment cost of $3,450 – $53,800, and financing is available. Among them are the franchise fee, the training program, and marketing materials. Training, proprietary tools and technology, and marketing support are all provided to franchisees by Stratus Building Solutions.
9. Anytime Fitness
Fitness franchise Anytime Fitness provides 24/7 access to its gyms. Since 2002, the company has opened nearly 5,000 locations with more than 4 million members on seven continents and in more than 40 countries.
The company offers cardio and strength-training equipment as well as personal training, group fitness classes, and virtual fitness classes. Health clubs attract 1 million members a year. The company offers two types of fitness franchises.
- Anytime Fitness Center
- Anytime Fitness Express center
In order to open an Anytime Fitness center, a total investment of $98,430 to $523,824 is required. The franchise fee must be paid to the franchisor or affiliate, which ranges from $11,409 to $77,218.
An Anytime Fitness Express center can be opened for a starting investment between $74,290 and $388,477.
10. Goosehead Insurance
Individuals and businesses can receive insurance services from Goosehead Insurance. Founded in 2003, the company now has over 1200 locations nationwide. The company offers a wide selection of insurance products, including home, auto, umbrella, and business insurance.
Initial Investment: Goosehead Insurance franchises cost with the total investment estimated at $40k to $120k. This includes training, marketing materials, and the franchise fee. Goosehead Insurance franchisees receive comprehensive training and support, including ongoing training, access to proprietary tools and technology, and marketing assistance.
11. Servpro
SERVPRO is a franchise that specializes in providing fire, water, and mold damage remediation and restoration services. The company was founded in 1967 and has grown to over 2000 locations across the United States. The franchise offers a variety of services to its clients, including emergency response, structural cleaning, and content restoration.
Initial Investment: It is estimated that the total investment in a SERVPRO franchise will be between $217K and $271K. Franchise fees, equipment, and construction costs are included in this cost.
12. Dream Vacations
Dream Vacations offers travel planning and vacation package services. Since its founding in 1991, the company has grown to over 1,600 franchises throughout the United States and earned the #1 spot for travel agency franchises. Dream Vacations offers a wide range of travel options, including cruises, all-inclusive resorts, and customized vacation packages.
Initial Investment: It is estimated that the total investment in a Dream Vacations franchise will range between $2k and $21k, which is a relatively low cost of entry for a franchise business. Among these costs are the franchise fee, training, and marketing materials.
Are you looking for a franchise opportunity that does not cost a lot? Fortunately, Wise Business Plans has compiled a list of low cost franchise opportunities with high profits.
13. Great Clips
The Great Clips franchise offers affordable and convenient hair cutting services. Since the company’s founding in 1982, over 4,400 stores have been established across the country. A wide range of hair cutting and styling services are available at Great Clips for men, women, and children.
Initial Investment: The cost of entry for a Great Clips franchise is relatively low, with the total investment estimated to be between $150k and $350k. Franchise fees, equipment purchases, and the costs associated with the build-out are included in this amount. As part of its franchisee training and support program, Great Clips offers ongoing training, technology access, and marketing support.
14. Taco Bell
The Taco Bell fast food franchise specializes in Mexican-inspired food, including tacos, burritos, and nachos. Established in 1962, the company now serves more than 40 million customers each week across more than 7,000 restaurants in the U.S.
The brand now has nearly 500 restaurants in more than 30 countries worldwide. The foods at Taco Bell are known for their bold flavors, innovative menu items, and affordability.
Initial Investment: It is estimated that a Taco Bell franchise will cost between $1.5 million and $2.5 million to enter the market. This includes franchise fees, equipment, and build-out costs. There is extensive training and support available to Taco Bell franchisees, including initial training, ongoing training, and access to proprietary technology and tools.
15. Chem-Dry
Chem-Dry offers professional carpet and upholstery cleaning services for both residential and commercial clients. Founded in 1977, the company now has over 3,500 locations worldwide. Chem-Dry uses an eco-friendly and fast-drying cleaning solution.
Initial Investment: Chem-Dry franchises have relatively low entry costs, with an estimated investment of $68k to $162k. Franchise fees, equipment, and initial training are included in this cost. Only $414.32 per month is required for the monthly franchise fee.
Bonus: Most people dream of starting a business, but the cost can be prohibitive. We have identified some of the best franchises under 10k, making them more accessible.
Does it worth having a business plan to open a franchise?
Yes, Having a business plan can help you to run a successful franchise. A well-crafted franchise business plan can help establish clear goals, win funding, and provide a roadmap for success.
FAQs
When a franchise is referred to as “fastest growing,” it means that it has experienced rapid expansion in terms of new locations, revenue, or market presence within a specific timeframe. These franchises have demonstrated significant growth and are attracting a substantial number of franchisees or customers.
The determination of the top 15 fastest growing franchises in 2024 involves thorough research, analysis of industry trends, financial performance, franchise growth data, and expert opinions. Multiple factors such as revenue growth, number of franchise locations, franchisee satisfaction, and market demand contribute to the selection process.
Fastest growing franchises can be attractive opportunities for aspiring franchisees as they typically indicate a strong business model, market demand, and potential for profitability. However, the suitability of a franchise depends on various factors, including the individual’s skills, interests, financial resources, and compatibility with the franchise’s requirements. It is important for potential franchisees to thoroughly research and evaluate each opportunity based on their specific goals and circumstances.
The top 15 fastest growing franchises in 2023 may cover a diverse range of industries. These may include food and beverage, fitness, healthcare, technology, home services, retail, and more. The list represents franchises that have shown rapid growth and success in their respective industries.
To learn more about the top 15 fastest growing franchises in 2023, it is recommended to explore each franchise’s official website, review industry publications, attend franchise expos or seminars, and directly contact the franchisors for detailed information. Additionally, consulting with franchise professionals or seeking advice from franchise consultants can provide valuable insights and guidance in your research process.
