According to results published by entrepreneur.com, the fastest growing franchises of 2013 have changed since 2012. The results show that commercial cleaning and fast food franchises are growing at a pace faster than any other franchise business.
Check out the new list and find out which franchises will be most profitable and popular this year.
(NB: The results are based upon the number of new franchise units added (U.S. and Canada) between 2011-2012.)
1. #1 Subway
Taking the number 2 spot in 2012, Subway has now become the fastest growing franchise for this year. Average start-up costs: $85K - $260K
2. #2 Jan-Pro Franchising Int’l. Inc.
This is a brand new entry to the top 10 fastest growing franchises list. Jan-Pro is a commercial cleaning franchise and is taking the industry by storm. Average start-up costs: $3K - $50K
3. #3 7-Eleven Inc.
Last year, this convenience store franchise was positioned at number 9 in the top 10 list. Jumping to 3rd place, it is a profitable and secure business to go into. Average start-up costs: $30K - $1.5M
4. #4 Vanguard Cleaning Systems
Vanguard Cleaning Systems (commercial cleaning business) has kept its 4th place position from 2012. Average start-up costs: $10K - $40K
5. #5 Liberty Tax Service
Rising to number 5 on the top 10 list is Liberty Tax Service (held 8th position in 2012) - an individual and online tax preparation service business. Average start-up costs: $56K - $70K
6. #6 Chester’s
Rising up one place is Chester’s – a fast food franchise (chicken restaurant). Average start-up costs: $56K - $70K
7. #7 Jazzercise Inc.
Jazzercise is a dance/fitness class franchise and has grown substantially in the past year. In 2012 the franchise held 14th position on the list of fastest growing franchise, and this year it takes 7th place. Average start-up costs: $3K - $76K
8. #8 Jimmy John’s Gourmet Sandwich Shops
This gourmet sandwich franchise has increased in popularity, pushing it to 8th position from last year’s 14th. Average start-up costs: $300K - $489K
9. #9 Dunkin’ Donuts
Much loved donuts, coffee and baked goods franchise, Dunkin’ Donuts, has fallen from last year’s fastest growing franchise list. In 2012, the donuts franchise held 6th position, and this year it has dropped to 9th. Average start-up costs: $310K - $7.1M
10. #10 Anago Cleaning Systems
Anago Cleaning Systems is a commercial cleaning franchise, which like Vanguard and Jan-Pro, has added more franchise units to its portfolio than any other cleaning franchise in the U.S and Canada in the past 2 years. Average start-up costs: $8.5K - $65K
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