Top 10 Fastest Growing Franchises As Per 2022 Reports
by Soumava Goswami Business Published on: 31 January 2023 Last Updated on: 24 September 2024
Most market analysts are of the opinion that 2022 was actually a great year for growing franchises. After the disastrous effect of the pandemic on many franchises, 2022 was the year that saw some outstanding performances from some of the fastest growing franchises. In this article, we will give you details of the fastest growing franchises in 2022, along with a short description of them.
The sectors where the fastest growing franchises in 2022 had their operations include finance, health, food, repair, and cleaning. In comparison to the fastest growing franchises in 2021, the top ten positions did not see a lot of changes, apart from slight rotations in the positions.
What Do The Top 10 Fastest Growing Franchises Have In Common?
The fastest growing franchises have a few things in common, which make them leaders in their own sectors. These factors are essential to learning if you are running a growing franchise and you want to create a strong presence in your industry. The following are some of the essential traits that are common in the fastest growing franchises of 2022:
- They are always capable of supplying the needs and demands of the market.
- They know how to create a demand for their services in the market by creating engaging and attractive advertisements.
- They try to make things convenient for the target market whom they are serving.
- They have the ability to make changes in their business processes with the technological changes in the market.
- They know how to cater to the behavioral changes of the target market and their needs.
- They are exceptional in the quality of service they offer.
- Franchisees are able to increase their profit with time, which makes these franchises successful and popular.
- They also find out great ways to support their franchisees in many ways to ensure smooth business.
The Top 10 Fastest Growing Franchises Of 2022
The following are the fastest growing franchises of 2022 that are great to work with and have immense experience in the market:
1. Seven-Eleven (7-Eleven)
If you are interested in starting a franchise with 7-eleven, here are a few things that you need to expect:
| Established | 1927 |
| Franchising Date | 1964 |
| Franchise Units (2022) | 81887 |
| Franchise Fee | $0 – $1,000,000 |
| Initial Investment | $125,000 – $1.3 Million |
| Royalty Fees | Variable |
| Cash Required | $50,000 – $250,000 |
| Agreement Term | 15 years |
| Term Renewability | Yes |
2. Century 21 Real Estate
The following are the essential data you will need to know in detail if you are looking to start a franchise with Century 21 Real Estate:
| Established | 1971 |
| Franchising Date | 1972 |
| Franchise Units (2022) | 13987 |
| Franchise Fee | $0 – $25,000 |
| Initial Investment | $24,700 – $459,250 |
| Royalty Fees | 6% |
| Cash Required | $75,000 |
| Agreement Term | 10 years |
| Term Renewability | No |
3. KFC (Kentucky Fried Chicken)
If you are interested in starting a franchise with KFC, one of the fastest growing chicken franchises, here are a few things that you need to expect:
| Established | 1930 |
| Franchising Date | 1952 |
| Franchise Units (2022) | 26498 |
| Franchise Fee | $45,000 |
| Initial Investment | $1,440,600 – $3,163,550 |
| Royalty Fees | 4-5% |
| Cash Required | $750,000 |
| Agreement Term | 20 years |
| Term Renewability | Yes |
4. Stratus Building Solutions
The following are the essential data you will need to know in detail if you are looking to start a franchise with Stratus Building Solutions:
| Established | 2004 |
| Franchising Date | 2006 |
| Franchise Units (2022) | 2,900 |
| Franchise Fee | $3,600 – $69,000 |
| Initial Investment | $4,450 – $79,750 |
| Royalty Fees | 5% |
| Cash Required | $2,000 – $20,000 |
| Agreement Term | 12 years |
| Term Renewability | Yes |
5. McDonald’s Corporation
If you are interested in starting a franchise with McDonald’s, here are a few things that you need to expect:
| Established | 1955 |
| Franchising Date | 1955 |
| Franchise Units (2022) | 39,696 |
| Franchise Fee | $45,000 |
| Initial Investment | $1,366,000 – $2,450,000 |
| Royalty Fees | 4% |
| Cash Required | $100,000 |
| Agreement Term | 20 years |
| Term Renewability | Yes |
6. RE/MAX (Real Estate Maximums)
The following are the significant data points you will need to know in detail if you are looking to start a franchise with RE/MAX:
| Established | 1973 |
| Franchising Date | 1975 |
| Franchise Units (2022) | 9120 |
| Franchise Fee | $17,500 – $35,000 |
| Initial Investment | $43,000 – $236,500 |
| Royalty Fees | Variable |
| Cash Required | NA |
| Agreement Term | 5 years |
| Term Renewability | Yes |
7. Jan-Pro Cleaning And Disinfecting
The following are the critical data you will need to know in detail if you are looking to start a franchise with Jan-Pro Cleaning And Disinfecting:
| Established | 1991 |
| Franchising Date | 1991 |
| Franchise Units (2022) | 10418 |
| Franchise Fee | $2,520 – $44,000 |
| Initial Investment | $4,830 – $58,070 |
| Royalty Fees | 10% |
| Cash Required | NA |
| Agreement Term | 10 years |
| Term Renewability | Yes |
8. Sign Gypsies
If you are interested in starting a franchise with Sign Gypsies, here are a few things that you need to expect:
| Established | 2014 |
| Franchising Date | 2020 |
| Franchise Units (2022) | 770 |
| Franchise Fee | $1,000 |
| Initial Investment | $4,150 – $9,900 |
| Royalty Fees | NA |
| Cash Required | NA |
| Agreement Term | 1 year |
| Term Renewability | Yes |
9. Goosehead Insurance
The following are the essential data you will need to know in detail if you are looking to start a franchise with Goosehead Insurance:
| Established | 2003 |
| Franchising Date | 2011 |
| Franchise Units (2022) | 1344 |
| Franchise Fee | $25,000 – $60,000 |
| Initial Investment | $40,000 – $118,500 |
| Royalty Fees | 20-50% |
| Cash Required | NA |
| Agreement Term | 10 years |
| Term Renewability | Yes |
10. F45 Training
If you are interested in starting a franchise with F45 Training, here are a few things that you need to expect:
| Established | 2011 |
| Franchising Date | 2013 |
| Franchise Units (2022) | 1749 |
| Franchise Fee | $50,000 |
| Initial Investment | $350,200 – $565,100 |
| Royalty Fees | 7%+ |
| Cash Required | $300,000 |
| Agreement Term | 5-15 years |
| Term Renewability | Yes |
Summing Up
These aforementioned details are crucial for you to go through if you are trying to get a franchise for these companies. If you are willing to buy any of these franchises to start a new business operation, then all of them are great options. None of these franchises seems to slow down when it comes to growth. However, before you invest in getting a franchise, you should have a complete idea of the demand in the area where you are opening the operations of the franchise and what are the pathways to growing your business by taking a franchise in the area.
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