5 Fast Growing Franchises in 2015
Which franchise should you open? There are a lot of factors that go into that decision, but one criterion that you absolutely have to consider is how quickly that franchise is growing. You can imagine what it would have been like to open a McDonald’s way back in the 60’s or 70’s, seeing that it has turned into one of the most successful franchises of all time.
If you’re interested in opening up a franchise that’s fast growing in 2015, we recommend checking out one of the following franchises:
1. Jimmy John’s
With over 2,000 locations already, Jimmy John’s can’t open fast enough! While the sandwiches they produce are simple, customers absolutely love their quality, consistency, and speed. The average annual sales for 2013 was $1,470,812, which leads to unbelievable profits for franchisees. Jimmy John’s is only getting bigger, and fast!
2. Big Cat
Ever heard of an electric bike? No? That’s because they aren’t as big in the U.S. as they are all over the world. In Europe in 2014, there were an estimate of 1.4 Million electric bicycles sold, and Big Cat is leading the charge in bringing electric bikes to the U.S. If you want to be on the cutting edge of transportation in the U.S., you have to check out Big Cat.
3. Cruise One
Americans absolutely love going on cruises. This is a fact. Cruise One is a fast growing franchise that’s taking advantage of this fact, where franchisees help customers plan the cruise of their dreams. With over 900 franchises already around, the current franchisees can tell you how popular their product really is! As the economy continues to recover and Americans have more money to travel, Cruise One is poised to take advantage!
I bet you didn’t know that the automotive aftermarket is the second largest franchise category, only to the food franchise business. Corporations and the government are in desperate need of organized and qualified maintenance, and Fleet Services as at the forefront of the industry. Having partnered with Richard Petty, the brand recognition is off the charts!
5. Doc Popcorn
It may have flown under the radar, but the Doc Popcorn franchise was actually acquired by the Dippin’ Dots franchisor in 2014. That means that it now has the full force of the Dippin Dots franchise behind it driving their growth. Snack food is exploding! As Americans are out and about more frequently, Doc Popcorn brings a tasty treat right to them. You may see a Doc Popcorn in every shopping mall you visit by the end of the year!
Picking the right franchise for you is a very important process. We recommend checking out a number of different options before settling on two or three to explore very deeply.
If you’re interested in any of the franchises above, click on their name and read even more about them.
If you’re thinking about opening a franchise and want to be matched to opportunities looking to open in your local area, click here and take our brief quiz and we’ll help figure out which franchises are rigt for you!
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Financing the Acquisition
Financing the acquisition of a franchise is not a slight affair, as with the legal fees, the initial fee, allocation for resource acquisition and various other expenses the cost raises significantly. Therefore financing often becomes mandatory in that situation. Mostly people concentrate on third party financing where they seek out investors and other debt or equity lenders for their financial needs. However, two of the most overlooked options are:
Why Doesn't Chipotle Franchise?
I’m a huge Chipotle fan and I’m not ashamed to admit it. I love a big fat carnitas burrito with every possible topping (is that even the right word for what you put on a burrito?) on it, especially guac. But every time I’m outside of New York I wonder why there aren’t more Chipotles out there. Sure there are a bunch (at the end of 2014 there were more than 1,700) but their numbers pale in comparison to other “fast food” giants like McDonald’s or Subway (they have more than 36,000 and 43,500 restaurants respectively). So why hasn’t Chipotle followed suit and gone the obviously successful franchising route?