2014 Fastest-Growing Franchises
These companies have shown rapid unit expansion over the last two years
If you're one of those who likes things to move fast, who wants a new challenge all of the time, then maybe a fast-growing franchise is for you. Our Fastest-Growing Franchises ranking is based on the number of new franchise units added in the U.S. and Canada from July 2012 to July 2013, as verified by Entrepreneur's Franchise 500®.
Top 10 Fastest-Growing Franchises for 2014
|1||$116.59K - 263.14K|
|2||$37.2K - 1.63M|
|3||$86.19K - 240.3K|
|4||$3.15K - 50.9K|
|5||$216.1K - 1.52M|
|6||$2.09K - 21.98K|
|7||$9.85K - 35.83K|
|8||$330.5K - 519.5K|
|9||$114.15K - 216K|
|10||$297K - 2.1M|
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Lower startup costs -- sixty of these homebased companies can be started for less than $50,000 -- are just part of the reason for these businesses' popularity.
A newcomer to the Franchise 500, IceBorn boasts a proprietary system that can be controlled and monitored by franchisees remotely via a smartphone.
For the first time ever, Pizza Hut is selling pizza by the slice in new stores, as well as rolling out digital menu boards and deck ovens.
The International Franchising Association predicts that franchise growth and job creation will outpace the wider economy in 2014.
A focus on franchisee selection, training and operations helped Jimmy John's Gourmet Sandwiches reach number five on the Franchise 500 list this year.
The sector created an estimated 11,000 new establishments and 150,000-plus jobs in 2013, outpacing the overall U.S. economy in business formation and job growth.
You don't have to break the bank to get started in franchising. Check out our list of the top businesses you can launch for less than $50,000.
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