A lot of people in the United States are interested in building their own businesses, but are afraid to venture into this area because of the amount of uncertainty that is involved. This is understandable, since building a business will involve a lot of risk. However, it can be avoided by picking a known business and then franchising it. This method will help you, the business owner, avoid the testing phase of the new business since the name involved would already be known in other parts of the country. The only concern with this path for building a business would be in the identifying what franchise is the fastest growing in America. Once the names are identified, then you can choose which among them you can use to build your business.
Below is a compiled list to help you identify what franchise is the fastest growing in America which require less than $50,000 for start-up costs:
1) Stratus Building Solutions – a business started in 2004, this is in the commercial cleaning niche of the franchise market. It provides small and large scale cleaning solutions and is now in the international level for franchising. From the time that it entered the market, it has risen through the ranks to become the fastest growing franchise in the US. You can have this business functioning out of your own home for a little less than $4,000.
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2) Jan-Pro Franchising International – another commercial cleaning business, this was established a few years earlier than the aforementioned company. Founded in 1991 and franchised in 1992, the franchise continued to grow as the original business started focusing on the marketing side. To make sure that the name of the business is taken care of, a week long training on-site is provided with the franchise, as well as four weeks at the site of the business. Newsletters are sent and regular meetings are held to ensure that all businesses are doing well. All this comes with a minimum investment of under $3,500.
3) CleanNet USA Inc. – A long time player in the local scene, CleanNet has been providing cleaning services for commercial and industrial clients since 1988. The only difference in the contract of this company is that the owner may be allowed to leave the business in the hands of a different person. This is why only 90% of all owners of these stores are operating the business themselves. All those who decide to run a shop under this name get support through regional advertising as well as open phone lines and field evaluations. The minimum investment for this business is around $3,000.
These are the top three fastest growing franchises in the United States today. There are others that also hold a lot of promise, such as Subway. However, that particular business would require more than $70,000 as an initial investment. Still, you can see which would be appealing to you, then consider if you have enough in order to provide the required capital. One option that you can take is start small, then save for the bigger businesses in the future. Before jumping in to any business though, always remember it would be best to know what franchise is the fastest growing in America, and then base your decision to invest on the list that you find.