List of Fastest Growing Franchises in America

Franchising is a great way to invest in a business or start a business without having to go through all the struggles of starting a business from scratch. We have highlighted some of the fast-growing franchises in America for the year 2021, to aid your investment decisions for the year and beyond.

Supercuts

• Liquid Capital: $80,000

• Net Worth: $500,000

• Total Investment: $200,000

• Total Units: 2500+

• Year Founded: 1975

Supercuts is a competitive haircut brand in the marketplace of mom-and-pop hair salons. Supercuts offers interested parties franchise options beyond operating, marketing, and financial systems. It gives the haircut brand a competitive advantage beyond only offering haircut services, to creating successful manager-run stores. To own a Supercuts franchise, you’ll need to have a net worth of at least $500,000 with a minimum of $80,000 in liquid capital. Franchisees can earn at least $200,000 in total investment. They also offer 3rd party financing options and offer franchise owners training to build competence in the business. Franchisees may have a representative who is competent in managerial capacity to attend the Supercuts training at the franchisor’s corporate offices or any location designated, at no additional charge. In addition, all Supercuts stylists must attend a hairstylists academy course or training for at least five days.

Jan-Pro

• Minimum Investment: $1,000

• Estimated Investment for launching the franchise: $5,000 - $60,000

Jan-Pro is one of the fastest growing commercial cleaning services. It has about 10,000 franchises in 8 countries of the world. The cleaning service offers its franchise owners access to its tested business model, brand recognition, training and support. The minimum starting capital to start a JAN-PRO franchise is $1,000. However, fully launching the business may fall between $5,000 and $60,000, depending on the owner.

Reis & Irvy’s

• Initial Franchise Fee: $15,000 - $60,000

• Initial Investment: $139,950 - $1,114,150

• Net Worth: $250,000

• Cash Requirement: $120,000

• Royalty Fee: 12%

• Terms of Agreement: 10 years

Reis & Irvy’s is a fully-automated robot vending machine, the first of its kind in the world. It offers six different flavors of creamy soft frozen yogurt, with six different toppings. Reis & Irvy’s robotic vending machines are located at malls, universities, stadiums, airports, hospitals, museums, and more. The company started franchising in 2016, and by 2018 it had 11 franchises within the United States.

Cruise Planners

• Initial Franchise Fee: $6,995 (formerly $10,000)

• Year Founding: 1994

• Franchising Since: 1999

• Estimated Units: 3,115

• Headquarters: Coral Springs, Florida

Cruise Planners is an American Express Travel Representative. It is the largest travel advisor franchise network in the United States. It offers franchise owners the flexibility to own and run their travel agency business remotely. Cruise Planners also offers franchisees cutting-edge mobile technology, hands-on-training, innovative marketing, leading generation tool, and professional training.

Cruise Planners offers franchisees several business benefits such as brand name, certification support, and many more. However, the franchise is for the establishment but operated under individual ownership under the Cruise Planners trade name and business system. Franchise owners are required to undergo 66 hours of classroom training. The training can either be online or at a delegated venue near the franchisor's headquarters.

Taco Bell

• Initial Franchise Fee: $25,000 to $45,000

• Estimated Total Initial Investment: $525,525 to $2.8 million

Taco Bell was founded in 1954. It stands as one of the oldest and most popular Mexican-themed fast-food restaurants, with over 7,000 restaurants located across the United States. To become a franchise owner or restaurant operator, you will be required to fill out an application online. Information about your net worth and quick-service restaurant experience will be required, as well as further information on currently owning a multi-unit franchise. Only applicants who qualify will be selected.

Planet Fitness

• Liquid Capital Required: $1,500,000

• Net Worth Required: $3,000,000

• Investment: $728,290 - $3,777,800

• Franchise Fee: $10,000

• Units: 340

Planet fitness also known as the “judgment free zone” is a fitness center chain, crated to serve new or occasional exercisers. Part of the gym’s goals is to discourage hardcore bodybuilders from frequenting the establishment to make other occasional exercisers feel less intimated. The franchisor requires franchisees to undergo two weeks of training at its corporate headquarters. Planet Fitness also offers ongoing assistance in the form of advertising, safety procedures, meetings, newsletters, a grand opening event, amongst others.

The $10,000 franchise fee is for a renewable 10-year agreement, with total investment ranging from $700,000 to $3.8 million. All franchisees must pay an ongoing royalty fee of 5% on all sales to the franchisor.

GoTelecare

• Franchise fee: $100,000 (in liquid assets)

• Initial investment: $60,000

GoTelecare is a telehealth startup that is currently building a franchise business model. The firm not only has an effective software system which it built to provide telehealth solutions but is also licensing its solutions to entrepreneurs in the form of franchise. This firm offers its franchise owners both telehealth and medical billing solutions, marketing itself as a “zero headache operation.” The goal of the franchisee is to get customers and handle minor customer service. While the GoTelecare team handles the billing, training, customer support, and more. To become a franchise owner, you need to have $100,000 in liquid capital, with an initial investment of $60,000.

Dunkin’

• Total Investment: $97,500 to $1,7 million

• Initial Franchise Fee: $40,000 to $90,000 (depending on the location)

• Net Worth Required: $500,000 minimum

• Liquid Capital: $250,000 minimum

Dunkin’ (formerly Dunkin Donuts) is an American-based doughnut and coffee chain. It is rated number one in Coffee and Baked Goods Category by Entrepreneur; rated number one Airport Franchisor by Airport Franchisor; rated number one in Customer Loyalty Brand by Customer Loyalty Index. The company officially dropped its name as ‘Dunkin Donuts’ in January 2019, and now officially goes by the name ‘Dunkin’. The food breakfast chain now serves a wider food and beverage menu, beyond delicious doughnuts.

Dunkin’ franchise offers franchisees a wide variety of benefits including brand identity, global recognition with 1,200 locations worldwide and 8,000 locations in the United States. It also has available online courses on business management through the Dunkin Donuts Online University; a three-day business course in Boston Massachusetts; and strong franchisee support, assistance, and training.

Orangetheory Franchise

• Year Founded: 2010

• Franchising Since: 2010

• Headquarters: Boca Raton, Florida

• Units: 1,385

Orangetheory Studios is a contemporary fitness studio chain that is identified by an orange color brand identity. It offers members access to exercise equipment, strength equipment, and other related services and merchandise. The franchisor provides an initial training program for all franchise owners looking to run a studio. The initial training lasts for four days at the Orangetheory corporate headquarters in Florida. Franchisees will also be provided with Studio Launch Training which includes operations training, sales, and OTFit certification training, at no extra cost.

Orangetheory claims its franchise stands out for the following reasons:

• A unique concept that combines fitness and technology

• Small-sized studios that can take large groups

• Over 1800 franchises in 27 countries

• Comprehensive corporate training & support offered to franchisees. These include real estate, construction, design, marketing, sales, operations, technology, and training.

  
  

Goosehead Insurance

• Initial Franchise Fee: $25,000 - $60,000

• Initial Investment: $41,500 - $116,500

• Terms of Agreement: 10 years

• Royalty Fee: 20-50%

Goosehead Insurance is a competitive insurance company that has provided its partners with unmatched back-office support and innovative technology. The company claims it is 3.4 times more powerful than other companies in the industry. Goosehead Insurance makes it easy for agents to grow their businesses through empowerment and training programs. It also helps agents to drive high quality of leads at a fraction of the client acquisition costs of their competitors. The firm retains all support functions, while franchisees can focus on building their books and delivering an outstanding client experience.

Club Pilates Franchise

• Year Founded: 2007

• Franchising Since: 2012

• Headquarters: Irvine, California

• Units: 565

Club Pilates is the largest Pilates brand with over 600 fitness studios in operation. It is also one of the largest franchised fitness brands with locations in several counties. Club Pilates franchise model offers a completely scalable business that allows franchisees to run their own successful businesses. Owners can leverage development cost and national vendor relationships to successfully launch their studios. Franchisees can also take advantage of the Pilates brand identity to build their businesses without having to go through the struggle of setting up a studio themselves.

F45 Training

• Founding Year: 2010

• Franchising Since: 2014

• U.S. Headquarters: El Segundo, California

• Units: 1,045

F45 requires franchisees to attend a five-day orientation seminar in Los Angeles, California. Franchisees must attend and complete the franchisor’s online training program which includes webinars, training information, instructional guides, and programs, and other operational information. The franchisee general manager, studio manager, or any managerial official must also attend subsequent training and meetings or conferences that the franchisor may organize from time to time.

Anago Cleaning

• Year Founded: 1989

• Franchising Since: 1991

• Headquarters: Fort Lauderdale, Florida

• Units: 1,690

Anago Cleaning Systems Inc. is the parent company of Anago Franchising Inc. It offers franchisees mandatory initial training program for all new owners a master franchise. The training must be completed within 90 days of signing the Subfranchise Rights Agreement. The initial training program will last for only two weeks, but a  lesser if the franchisee has prior janitorial experience. Anago also organizes annual seminars which typically lasts two to three days. Under the company’s SubFranchise Agreement, franchisees will be licensed and granted the right to operate their subfranchise in locations as defined in the agreement.

Coverall

• Franchise Fee: $10,000

• Number of Franchises: 8,000

Coverall is a health-based commercial cleaning service, another fast-growing cleaning service. The company is known for its eco-friendly cleaning solutions, as a result has gotten more healthcare-related cleaning contracts. Since its founding in 1985, Coverall has launched more than 8,000 franchises. The company’s franchise fee is $10,000, which is also the minimum investment to start a Coverall franchise. The health-based cleaning service offers franchise owners comprehensive training in its overall business operations. The package also includes cleaning equipment, customer support solutions, collection software, and access to a regional support center.

Wingstop Restaurant

• $346,775 - $733,249

• Net Worth Requirement: $1,200,000

• Liquid Cash Requirement: $600,000

• Initial Franchise Fee: $20,000

• Ongoing Royalty Fee: 6%

• Ad Royalty Fee: 4%

Wingstop is a US-based restaurant business with over 1,000 franchise units worldwide. Its specialty is chicken wings, available in various flavors and served with dips, salads, and drinks. Wingstop offers restaurant franchise opportunities to entrepreneurs over the world looking to start their own business.

To become a Wingstop franchise owner you must have a net worth of more than $360,000. You will also need to become familiar with real estate cost implications associated with owning a restaurant. This includes, cost of equipment and signs, cost of insurance, cost of licenses and permits, cost of uniforms, etc. It is best to do a personal research on market availability in your area and evaluate your prior experience and capability to own a restaurant.

All applications submitted to the Wingstop franchise team will be reviewed after a confirmation email has been sent. Once your financial and background checks have been completed you will receive approval. Only candidates who meet the requirements of Wingstop will be approved.

The restaurant chain has a franchise fee of up to $20,000 with total initial investment range of $346,775 to $733,249.

The UPS Store

• Minimum Cash Required: $50,000

• Total Investment: $159,224 - $434,521

• Franchise Fee: $29,950

• Financing Assistance: Available

• Year Founded: 1980

The UPS Store has a diverse selection of offerings which are all backed by ongoing training, support, and award-winning UPS brand. Regardless of the location, every owner of the UPS Store franchise has the support of the brand and access to advertising, marketing and other promotional resources. In addition, its Main Street Model provides franchise owners with a low-cost franchising option for owners seeking opportunities in small and rural communities.

Other fast-growing franchises to consider in 2021 include:

• Kona Ice

• HomeVestors

• UBreakiFix

• Code Ninjas

• Great Clips

• Tropical Smoothie

  
  

  The list of franchise opportunities listed above is for investors who like to diversify their investments. Stock market investing is a good way to make money but owning a franchise is also great. It gives the investor full control of the business and provides a reliable income stream.