Franchises are big opportunities for anyone that wants to start a new business: the franchisor companies provide support, sometimes financial assistance, and – above all – they allow you to exploit a known brand name and the experience the company has maturated during the years.
When you start with a franchise company, the return on investment is easier and quicker.
In other words, the profits are often higher (when compared to traditional businesses), and franchise businesses are often more successful than independent ones.
However, franchise businesses also have one main disadvantage: they are more expensive than traditional and independent businesses.
The higher initial investment is the price to pay for the higher chances of success that franchise businesses provide.
Because franchise businesses are expensive, it’s important to invest your money wisely.
Not only do you want to invest in big, experienced, and reliable franchises, but you also want to pick franchises whose profits and the number of locations are growing.
For this reason, we’ve thought of providing you with a list of the 10 fastest-growing franchises in 2023 in the United States.
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10 Fastest Growing Franchises
1- Supercuts Franchise
| Company Name | Supercuts |
| Founded in | 1975 |
| Number of franchisees | 2400 |
| Franchise fee | $10,000 |
Supercuts is a franchise that operates in the hair beauty sector: with them, you can open your hair salon.
The first salon opened in 1975, but today the brand counts 2,400 franchise saloons in the US, UK, and Australia.
The franchise fee to start with them is $10,000.
Read In Detailed Supercuts Franchise
2- Jan-Pro System Int’l Franchise
| Company Name | Jan-Pro System Int’l |
| Founded in | 1991 |
| Number of franchisees | 10,000 |
| Franchise fee | $5,000 |
Jan Pro System Int’l is a cleaning company. The company was founded in Rhode Island in 1991.
Since then, it has never stopped growing, and today, they count 10,000 franchises in the US. The reasons why the franchise is so fast-growing are:
- The franchise fee is only $5,000
- The business is easy to set up.
- The initial investment isn’t high (you only need to purchase some equipment)
- There is a high demand for cleaning services coming from residential and commercial environments (especially after the pandemic).
3- Reis & Irvy’s Franchise
| Company Name | Reis & Irvy’s |
| Franchise fee | $15,000 |
Reis & Irvy applies technology to an old and well-known business model: yogurt kiosks’.
The company has designed a robotic process to serve frozen yogurt treats. With their system, their yogurt kiosks are capable of serving yogurt treats in the quickest way.
One of the reasons why this business is so fast-growing is that they only require a one-time franchise fee of $15,000.
4- Cruise Planners Franchise
| Company Name | Cruise Planners |
| Number of franchisees | 1500 |
| Franchise fee | $10,995 |
Cruise Planners is one of the most successful franchise programs in 2023. There are more than 1500 Cruise Planners travel agencies in the US. Many of them are home-based, with travel agents operating behind their computers.
To start this business, you are required to pay a $10,995 franchise fee, and you can choose whether to rent an office or manage your travel agency from home.
These are the main causes that have determined such a fast-growing rate for this franchise business.
Check Full Detail Cruise Planners Franchise
5- Taco Bell Franchise
| Company Name | Taco Bell |
| Founded in | 1962 |
| Number of franchisees | 7000 |
| Franchise fee | $40,000 – $50,000 |
Taco Bell is a franchise that belongs to the American food organization that also owns Domino’s, The Habit Burger, and KFC.
The Taco Bell brand and franchise business was launched in 1962, and it never stopped growing.
In 2023 there will be 7000 Taco Bell locations all over the world, and they are expected to grow even further in 2023.
The franchise fee is between $40,000 and $50,000; the brand is very well-known: wherever you open a Taco Bell restaurant, clients start coming extremely quickly.
That’s the secret behind its success: strong brand identity and successful marketing strategies.
Read In Detailed Taco Bell Franchise
6- Planet Fitness Franchise
| Company Name | Planet Fitness |
| Founded in | 1993 |
| Franchise fee | $10,000 |
There is an always-growing demand for fitness programs and gym-related services. Planet Fitness opened franchise fitness clubs in 1993.
Today they are the largest fitness club company, and they run its activities not only in the United States but also in Canada, the Caribbean, Nicaragua, Australia, and Mexico.
The franchise fee is $10,000.
Read In Detailed Planet Fitness Franchise
7- Stratus Building Solutions Franchise
| Company Name | Stratus Building Solutions |
| Founded in | 2006 |
| Initial Investment | $60,000 |
The Stratus Building franchise is a commercial laundry firm. Starting in 2006, today, it already operates in more than 60 cities in the United States.
They provide a lot of different laundry services, from carpet cleaning to cement floor care. The high demand is the main reason behind its growth.
To start with this franchise, you’ll need to invest at least $60,000.
8- Orangetheory Fitness Franchise
| Company Name | Orangetheory fitness |
| Number of franchisees | 1200 |
| Franchise fee | $39,000 |
As we’ve mentioned, there is a high demand for fitness programs and gym-related services. It is not a surprise that another fastest-growing franchise business is fitness related.
Orangetheory Fitness is a fitness studio chan that counts 1,200 studios spread over 50 states in the US (it was only launched in 2010!). To start with them, you need to pay a franchise fee of $39,000.
Read In Detailed Orangetheory fitness Franchise
9- Club Pilates Franchise
| Company Name | Club Pilates |
| Founded in | 2007 |
| Number of franchisees | 900 |
| Franchise fee | $60,000 |
Another fitness-related franchise business, but this one is focused on Pilates.
Pilates is a trending sports discipline, and this is probably the main reason behind the quick growth of this franchise.
Club Pilates was launched in 2007, and today they have 900 franchise locations in the United States.
To get into business with them, the franchise fee is $60,000.
10- Jersey Mike’s Subs Franchise
| Company Name | Jersey Mike’s Subs |
| Founded in | 1987 |
| Number of franchisees | 17000 |
| Franchise fee | $18,500 |
Jersey Mike’s Subs is a network of submarine sandwich restaurants. It counts 1742 franchises spread through the United States, Australia, and Canada.
The company has been fast-growing since the very beginning: founded in 1987, in 2014, it counted 750 locations, and from 2014 to 2023, the number increased to over 1700.
The franchise fee is $18,500.
Read In Detailed Jersey Mike’s Subs Franchise
Conclusion
When choosing what franchise to invest in, you not only have to go for the most affordable.
The growth rate is also important because it tells you how successful your business will be able to be.
With this list, we’ve provided precious information about what have been the fastest-growing franchises in 2023.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.