In this article, we discuss the 5 fastest-growing franchises in the world. To read the detailed analysis of franchising businesses, go directly to the 16 Fastest Growing Franchises in the US in 2023.
5. Stratus Building Solutions
3-year growth: 62.3%
Stratus Building Solutions offers cleaning services including commercial cleaning, post-construction cleaning, medical-grade cleaning, and disinfection services along with a few others. The company operates in the United States and Canada.
Stratus Building Solutions offers two types of franchises. The small-scale Janitorial Unit Franchise and Master Franchise for experienced franchisees. To own the company franchise, a net worth of $5,000 – $40,000 with liquid assets of $2,000 – $20,000 is needed. The initial franchise fee for the company is $3,600 – $69,000 and the initial investment required is $4,450 – $79,750.
4. Temporary Wall Systems
3-year growth: 180.0%
Temporary Wall Systems installs temporary non-load-bearing modular wall containment units for its customers. The company offers services to schools, hospitals, and construction sites among others.
To own a Temporary Wall Systems franchise, the company requires the potential owner to have a net worth of at least $400,000. The initial franchise fee is $49,900 and the initial investment range is between $131,925 to $328,975, according to the company’s website. The company has an 8% royalty fee and offers a $5000 veteran discount on the initial franchise fee. Temporary Wall Systems is a semi-absentee franchise that allows passive ownership.
3. Dog Training Elite
3-year growth: 1,104.8%
Dog Training Elite is a dog training company based in Utah and operates across the US. The company also offers in-home training, service dog training, and therapy dog training. According to the company’s 2023 Franchise Disclosure Document, the company’s average franchise location net profit was $187,237 and it had average gross sales of $973,756 in 2022.
The company has been franchising since 2015 and requires a net worth of $150,000 and minimum liquid assets of $50,000 to become a franchisee. The initial franchise fee of the company is $84,500, and to start a Dog Training Elite franchise, the initial investment required is $126,900 – $147,750.
2. All Dry
3-year growth: 11,500.0%
All Dry provides homeowners with restorations after disasters. The company’s services include water, fire, smoke, and storm damage restorations, odor removal, mold cleanup, sewage cleanup, and leak detection services.
To own an All Dry franchise, you must have a minimum net worth of $200,000 and $75,000 of liquid capital. According to their website, the investment needed to set up the company franchise is between $86,949 – $212,000. The company also offers training to new franchise owners and allows a veteran discount. All Dry was founded in 2014 and started franchising in 2020. Its home office is in Jupiter, Florida.
1. Koala Insulation
3-year growth: 15,550.0%
Koala Insulation is a Florida-based company that provides full coverage insulation services across the US. Each of the company’s locations is an independently owned franchise. To own a Koala Insulation franchise, the company requires a minimum net worth of $250,000 and liquid capital of $100,000. The company also offers financing and training. According to the company’s website, the investment level required to start and operate a Koala Insulation franchise is between $145,813 – $190,138. Koala Insulation started franchising in 2020, and by December 2022, the company had 313 operational units.
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