BRW’s fastest growing businesses list, the Fast 100, has been released and five franchise systems make an appearance, with workout franchise Jetts 24 Hour Fitness coming in at second place.
The five franchises to make the list are Jetts; Mexican food retailer, Mad Mex which came in at 12th; The Cupcake Bakery at number 31; pie franchise, Pie Face in the 49th spot and Appliance Tagging Services, an electrical safety and test and tag provider was ranked 80th.
All of the above, bar Pie Face, were included in the Fast 100 this year despite having no ranking in 2010. Pie Face’s position jumped to 49 from 79 last year.
Founder and managing director at Jetts, Brendon Levenson said he is honoured by the ranking and proud of the success of the franchise model, which is rapidly expanding throughout Australia and New Zealand with 2010/2011 Group Revenue sitting at $42,981,000.