If you are looking for a franchise to invest in, there are a lot of different criteria to choose from. One of the ways you can compare is by looking at the fast growing franchises, and then go from there.
Many of these franchises are quickly spreading across the country, and this is due to a lot of reasons, including their unique products, growing brand recognition and smart development plans. Similar to past years, this year’s fast growing franchises were mostly restaurants, fitness centers and beauty salons.
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For restaurants specifically, the fast growing franchises typically include those that specialize in sandwiches, coffee and frozen yogurt. When looking for your next investment, don’t forget to take a look at fast growing brands. There’s a reason why these companies are sweeping across the country.
In the last year, the Planet Fitness franchise grew by 146 locations in the U.S., making it one of the fastest growing franchises among fitness centers. With its focus on creating an easy-going and judgement-free environment, it continues to get more and more clients and franchisees.
Dunkin’ Donuts added over 350 locations in 2014. Now with almost 11,000 locations nationwide, it’s one of the top franchises in America serving coffee, donuts and other breakfast items.
This commercial cleaning service is growing by leaps and bounds, adding 250 locations in the last year. Vanguard Cleaning Systems specializes in providing janitorial services for office buildings, apartment complexes and medical facilities.
By targeting men specifically, the Sport Clips franchise has experienced great growth and strong business from men of all ages. They grew by 162 franchises in 2014.
Jimmy John’s continues to be one of the best franchises in the restaurant industry, and in the tremendously competitive sandwich market. They now have over 2,000 locations after growing by 288 in 2014.
Firehouse Subs is making a name for itself with its great growth and rising sales. It’s differentiating itself in the industry by offering large subs that are served hot. In 2014, they grew by 159 locations.
Drawing from the Mac Tools brand name for high-quality tools and equipment, this has become a fast growing and low cost franchise that sells tools and service to other businesses. The franchises locations increased by 143 units last year.
The pretzel vendor that’s become ubiquitous in shopping malls and airports continues to grow year by year, and in 2014 added 134 locations.
Another one of the many sandwich chains that are growing quickly across the country, Jersey Mike’s has become popular because of its fresh sliced meats and cheeses and high-quality roast beef. They grew by 143 locations last year.
By some estimates, Great Clips is the most successful salon franchise in America right now. They have more than 3,500 locations, and 231 of those were opened in the last year.
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