The world of franchising can be fast and furious. Franocity is here to help you cut through the noise. Though there are many metrics by which to measure the performance of a franchise, growth rate is among the most common starting points for scrutiny. At its most basic, you’re looking for how many new franchisees there are compared to total franchisees. Here are 25 of the fastest-growing franchises based on the past two years of growth.
Monster Tree Service
Founded in 2006, this lawn and tree care company began franchising in 2012. It is seeking new franchisees in the U.S. The initial franchise fee is $49,500 and the initial investment range is $397,435—$550,226. Veteran incentives are available. In 2018, there were 26 units; as of 2020, there were 152 units. (484.62%)
Code Ninjas
Founded and franchised in 2016, this kids computer-coding learning center is seeking new franchisees throughout the U.S., Canada and western Europe. The initial franchise fee range is $15,000—$31,000 and the initial investment range is $31,420—$333,270. In 2018, there were 74 units; as of 2020, there were 257 units. (247.30%)
Card My Yard
Founded in 2014, this sign company began franchising in 2017. It is seeking new franchisees throughout the U.S. The initial franchise fee is $4,000, and the initial investment range is $4,725—$13,800. In 2018, there were 94 units; as of 2020, there were 239 units. (154.26%)
Take 5 Oil Change
Founded in 1984 and franchising since 2016, this automotive services company is seeking franchisees worldwide. The initial franchise fee is $35,000; the initial investment range is $216,469—$905,490; net worth requirement is $500,000; and cash requirement is $300,000. In 2018, there were 301 units; as of 2020, there were 551 units. (83.06%)
Goosehead Insurance Agency LLC
Founded in 2003, this insurance company began franchising in 2011 and is seeking franchisees throughout the United States. The initial franchise fee range is $25,000—$60,500, and the initial investment range is $41,500—$116,500. In 2018, there were 424 units; as of 2020, there were 748 units. (76.42%)
F45 Training
Founded in 2011, this health and fitness company began franchising in 2013 and is seeking franchisees worldwide. The initial franchise fee is $50,000; initial investment range is $313,200—485,100; and cash requirement is $100,000. In 2018, there were 798 units; as of 2020, there were 1,298 units. (62.66%)
Circle K
This convenience store was founded in 1951 and began franchising in 1999. It is seeking franchisees worldwide. The initial franchise fee is $25,000; initial investment range is $189,250—$1,927,640; net worth requirement is $500,000; and cash requirement is $100,000. Veteran incentives are available. In 2018, there were 8,183 units; as of 2020, there were 12,143 units in 20 states and 10 countries. (48.39%)
Century 21 Real Estate LLC
Founded in 1971, this real estate company has been franchising since 1972 and is looking for franchisees worldwide. The initial franchise fee range is 0—$25,000; initial investment range is $24,700—$456,350; net worth requirement is $150,000; and cash requirement is $75,000. Veteran incentives are available. In 2018, there were 7,971 units; as of 2020, there were 11,435 units. (43.46%)
Stratus Building Solutions
This commercial cleaning company was founded in 2004 and began franchising in 2006. It is seeking new franchisees in 35 U.S. states and Canada. The initial franchise fee range is $3,600—$69,000; initial investment range is $4,450—$79,750; net worth requirement range is $5,000—$40,000; and cash requirement range is $2,000—$20,000. Veteran incentives are available. In 2018, there were 1,549 units; as of 2020, there were 2,030 units. (30.41%)
Smoothie King
Founded in 1973, this company began franchising in 1988. It is seeking new franchisees worldwide. The initial franchise fee is $30,000; the initial investment range is $269,550—845,985; net worth requirement is $300,000; and cash requirement is $100,000. Veteran incentives are available. In 2018, there were 972 units; as of 2020, there were 1,194 units. (22.84%)
Kona Ice
Founded in 2007, this shaved-iced company (trucks, carts, kiosks and trailers) began franchising in 2008. It is seeking new franchisees worldwide. The initial franchise fee is $15,000; the initial investment range is $145,600—$169,200; net worth requirement is $20,000; and cash requirement is $20,000. In 2018, there were 1,066 units; as of 2020, there were 1,305 units. (22.42%)
Jersey Mike’s Subs
Founded in 1956, this sandwich restaurant has been franchising since 1987. It is seeking franchisees throughout the U.S. The initial franchise fee is $18,500; the initial investment range is $169,001—$804,045; net worth requirement is $300,000; and cash requirement is $100,000. In 2018, there were 1,431 units; as of 2020, there were 1,742 units. (21.73%)
Dream Vacations
Founded in 1991, this travel agency started franchising in 1992. It is seeking new franchisees throughout the U.S. The initial franchise fee range is $495—$9,800 and the initial investment range is $1,795—$20,300. Veteran incentives are available. In 2018, there were 1,331 units; as of 2020, there were 1,553 units. (16.68%)
Anytime Fitness
Founded in 2001 and franchising since 2002, this fitness company is seeking franchisees worldwide. The initial franchise fee range is $25,000—$42,500; initial investment range is $96,140—$523,824; and cash requirement is $100,000. Veteran incentives are available. In 2018, there were 4,081 units; as of 2020, there were 4,743 units. (16.22%)
Jan-Pro Franchising Int’l. Inc.
This maintenance industry company was founded in 1991 and has been franchising since 1992. It is seeking franchisees worldwide. The initial franchise fee range is $2,520—$44,000; initial investment range is $4,170—$56,020; net worth requirement range is $1,000—$14,000; and cash requirement is $1,000. Veteran incentives are available. In 2018, there were 8,790 units; as of 2020, there were 10,118 units in the United States and Canada. (15.11%)
Wingstop Restaurants Inc.
Founded in 1994, this fast-food restaurant began franchising in 1998. It is seeking franchisees throughout the U.S. and also Asia, the Middle East, and Western Europe. The initial franchise fee is $30,000; the initial investment range is $376,300—$724,000; net worth requirement is $1,200,000; and cash requirement is $600,000. Veteran incentives are available. In 2018, there were 1,252 units; as of 2020, there were 1,436 units. (14.70%)
KFC US LLC
This fast-food company was founded in 1930 and began franchising in 1952. It is seeking franchisees worldwide. The initial franchise fee is $45,000; initial investment range is $1,442,600—$2,771,550; net worth requirement is $1,500,000; and cash requirement is $75,000. In 2018, there were 21,443 units; as of 2020, there were 24,394 units in 125 countries. (13.76%)
Popeyes Louisiana Kitchen
Founded in 1972, this fast-food company started franchising in 1976. It is currently seeking franchisees throughout the United States and also in Asia, the Middle East, Western Europe, Central America, Canada, South America and Mexico. The initial franchise fee is $50,000; the initial investment range is $383,500—$2,620,800; net worth requirement is $1,000,000; and cash requirement is $500,000. Veteran incentives are available. In 2018, there were 2,995 units; as of 2020, there were 3,377 units. (12.75%)
Servpro
Founded in 1967, Servpro is a restoration company that has been franchising since 1969. It is seeking new franchisees in the U.S. and Canada. The initial franchise fee is $60,000; the initial investment range is $167,575—$221,450; and cash requirement range is $105,000—$110,000. Veteran incentives are available. In 2018, there were 1,687 units; as of 2020, there were 1,841 units. (9.13%)
Great Clips
Founded in 1982, this hair care business has been franchising since 1983. It is seeking new franchisees throughout the U.S. and Canada. The initial franchise fee is $20,000; the initial investment range is $146,900—$282,400; net worth requirement range is $300,000—1,000,000; and cash requirement range is $75,000—$250,000. Veteran incentives are available. In 2018, there were 4,261 units; as of 2020, there were 4,473 units. (4.98%)
McDonald’s
Begun as a franchise in 1955, McDonald’s is seeking franchisees worldwide. The initial franchise fee is $45,000; initial investment range is $1,314,500—$2,306,500; and cash requirement is $500,000. In 2018, there were 37,406 units; as of 2020, there were 39,020 units worldwide. (4.32%)
7-Eleven Inc.
Founded in 1927, 7-Eleven has been franchising since 1964, and is seeking franchisees in 33 U.S. States and several international markets. The initial franchise fee range is $0—$1,000,000; initial investment range is $69,650—1,185,400; and cash requirement range is $50,000—250,000. Veteran incentives are available. In 2018, there were 66,193 units; as of 2020, there were 68,944 units worldwide. (4.16%)
The UPS Store
Founded in 1980 and franchised since, the UPS Store is seeking new franchisees in the U.S. and Canada. The initial franchise fee is $29,950; the initial investment range is $137,849—$566,585; and the cash requirement range is $75,000—$125,000. Veteran incentives are available. In 2018, there were 5,071 units; as of 2020, there were 5,268 units. (3.88%)
Dunkin’
Founded in 1950, this fast-food bakery began franchising in 1955. It is seeking franchisees worldwide. The initial franchise fee range is $40,000—$90,000; the initial investment range is $199,700—$1,688,200; net worth requirement range is $250,000—$500,000; and cash requirement range is $125,000—$250,000. Veteran incentives are available. In 2018, there were 12,676 units; as of 2020, there were 13,125 units. (3.54%)
Buildingstars Int’l. Inc.
Founded in 1994, this commercial cleaning company has been franchising since 2000. It is seeking new franchisees throughout the U.S. The initial franchise fee range is $995—$46,995; and the initial investment range is $2,245—$53,200. In 2018, there were 883 units; as of 2020, there were 906 units. (2.6%)
If you’re looking at one or more of these fast-growers, our franchise consultants can help you put it all into perspective.