In this article we are going to read about the 5 fastest growing franchises, based on Insider Monkey’s latest article. Private businesses flourishing in this modern world. If you invest in a franchise, it means you buy an already successful business model. They offer you a tested business structure including launching, operating and growing your business. They cooperate with the franchise owners in order to cater all the needs of operations, technology, marketing and accounting, just to name a few areas. The risk of failure is also lower.
So let’s see three of the fastest growing franchises from Insider Monkey’s list. At first, Taco Bell stands on the fifth spot which is run by the American Fast Food Corporation Yum! Brands that also operates Pizza Hut, KFC, The Habit Burger and WingStreet. Taco Bell was launched in 1962 by Glen Bell in Irvine, California. It specializes in Mexican-like foods like Burritos, Tacos, Quesadillas, Nachos among others. The restaurant chain includes more than 7,000 franchises in the world. The franchise cost is around $40,000, not including other expenses. Cruise Planners is on the fourth spot of the list. Cruise Planners is a travel agency chain which is based in Coral Springs, Florida. They operate in booking cruises/travel to destinations around the world. The company has around 1,500 locations in the United States. Its fee is $10,995, so it’s on of the most affordable franchises in the US. It is a member of Cruise Lines International Association, American Society of Travel Agents, and National Association of Cruise Oriented Agencies. On the second spot we can find Jan-Pro Franchising Int’l. Inc. which comprises more than 10,000 locations in the United States and Canada. It was launched by Jacques Lapointe in Rhode Island in 1991. According to its website, the company offers its services to car dealerships, gyms, banks, churches, schools and offices. The initial fee for the franchise starts at $5,000.
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