Top 10 Fastest Growing Franchises in the US
There is a franchise operating in almost every type of business category in the United States business market. In 2019, it was estimated that there were over 773,000 franchise establishments in the United States, outputting some 760 billion US dollars and employing over eight million people.
Franchising in the US
The franchise industry in the United States permits companies to put licenses on their brand and distribute to a separate business - these smaller businesses work under the brand and title of the bigger company.
If you plan to start your own franchise business, it’s good to know your options and which US franchise will best suit your interest and skills. To help you start with, here’s a list of the top 10 fastest growing franchises in the US.
Owned by Regis Corporation and ranked No. 1 in the U.S. haircare franchise arena, Supercuts is one of the largest and most iconic salon brands around. They serve more than 33 million guests annually and test new products and services in corporate stores before launching them nationally to franchisees.
Estimated Franchise Cost: $150,000 - $320,000
2. Taco Bell
Franchising since 1964, Taco Bell is a subsidiary of Yum! Brands Inc., which also franchises KFC and Pizza Hut. There are Taco Bell locations throughout the United States and the world.
Estimated Franchise Cost: $500,000 - $3m
Baskin-Robbins has locations in more than 50 countries worldwide, each serving the company's delicious 31 flavors of ice cream, as well as frozen yogurt, sherbet, cakes and drinks. Baskin-Robbins is part of Dunkin' Brands Inc., which also franchises Dunkin' Donuts.
Estimated Franchise Cost: $94,000 - $402,000
4. Kumon Math & Reading Centers
The Kumon method and programmes aim to help students develop their calculation ability, reading ability, concentration, and confidence to learn independently. With locations throughout North America, Kumon franchisees apply this method of daily practice and self-paced advancement to children's math and reading skills.
Estimated Franchise Cost: $74,000 - $157,000
5. Stratus Building Solutions
Franchising since 2006, Stratus Building Solutions has unit franchises and regional master offices nationwide. Franchisees provide "Stratus Green Clean" services, using proprietary chemicals and equipment, to office buildings, shopping centers, restaurants, retail businesses, dealerships, medical offices, religious centers and more.
Estimated Franchise Cost: $4,000 - $73,000
6. CPR Cell Phone Repair
CPR-Cell Phone Repair was founded in 2004 and began franchising in 2007. CPR franchise locations offer walk-in, drop-off and mail-in repair services for cell phones and other electronic devices. They also sell smartphones, game systems, music players, parts and accessories.
Estimated Franchise Cost: $56,000 - $171,000
7. Mosquito Joe
Mosquito Joe franchisees offer commercial and residential mosquito-control services. Technicians apply a spray that kills mosquitoes, fleas, ticks and some flies on contact and continues to repel them for 21 days. An alternative all-natural spray effective for 14 days is also available. For a more permanent solution, the company also offers installation of automatic misting systems.
Estimated Franchise Cost: $103,000 - $148,000
HomeVestors of America began franchising in 1996. Based in Dallas, the company buys houses in need of repairs or updates, then repairs and sells them or holds them for rental properties. Some homeowners will sell their houses to a HomeVestors franchisee because they need quick cash offers and to close quickly, and they can sell their houses without any repair or updating expenses.
Estimated Franchise Cost: $96,000 - $426,000
9. Matco Tools
Since 1979, Matco Tools, a subsidiary of Fortive Corp., has been manufacturing, distributing, and servicing automotive equipment, tools, and toolboxes. Today the company's line of products includes over 25,000 different items. Franchisees bring these products to their customers in trucks, with locations in all 50 states, as well as Puerto Rico and Canada.
Estimated Franchise Cost: $93,000 – $273,000
10. Merry Maids
Merry Maids cleans more than 300,000 homes, apartments and condominiums each month in North America. It has franchises in Denmark, Hong Kong, Japan and the United Kingdom. In 1988 Merry Maids joined the ServiceMaster Quality Service Network, which includes franchise companies AmeriSpec, Terminix and Furniture Medic. Merry Maids is based in Memphis, Tennessee.
Estimated Franchise Cost: $90,000 - $125,000
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