We have written a lot about the negative impacts of the COVID-19 pandemic, and now we have great news about the fastest growing franchises in the US in 2020. While many industries had a forced break, and large number of people were dismissed during the first wave of the pandemic, there are franchises that still operate well, even in these tough times.
Actually, we should start with its definition. What is franchise? It’s a business, where franchisor provides the intellectual property, procdeures and licence, know-how, for a fee in return. They franchise their recipes and menu, but companies in different countries can establish their own restaurants. If you are a franchiser, you don’t need to buy all the locations across the globe, but it’s easy to grow into big. The responsibility is not yours, but it’s the franchisee’s. Also the risk is much smaller for the franchiser.
And now let’s have a look at the top 3 fastest growing franchises in the US in 2020. At first, here’s Donkin’ on the compliation, which is not surprising, as it’s always in the top 3 when it comes to franchises. It can boast with 13,000 units, and it still grows bigger and bigger. If you are thinking of franchising Dunkin’, you will have to own $200,000 to $1.6 million, which is a pretty amount. Then here’s the other giant: Taco Bell. It has 56 years of experience with more than 6,000 locations in the United States only, it dserves the second spot. Could you guess the first one? The absolute winner? Jan-Pro Franchising Int’l. Inc. is. It provides green cleaning to gyms, schools, banks, churches and offices. It has more than 7,600 locations and if you want to invest in this franchise you will have to pay a considerable amount of $4,000 – $56,000. For any further information and arrasting data, click the fastest growing franchises in the US in 2020.