If you’re seeking to purchase a franchise, you may (in fact) be a part of a longtime model that’s been round for many years — otherwise you might be one of many first to hop aboard a possible rocket ship that’s simply leaving the bottom. There are loads of new choices to select from: An estimated 300 manufacturers start franchising their ideas yearly, and that’s stayed constant regardless of the distinctive challenges of the previous two years.
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In truth, greater than 16% of the businesses that utilized for Entrepreneur’s 2022 Franchise 500 started franchising simply within the final 5 years — and also you’ll discover the perfect of them in our rating of the highest new and rising franchises, right here.
Here’s a more in-depth have a look at only a few of the thrilling new franchise manufacturers that made our rating:
Image Credit: Courtesy of Epic Wings
Epic Wings, No. 7
In 1982, Frank and Michellina Sacco moved from New York to California, bringing alongside their six youngsters and a New York staple — buffalo wings. The household opened Wings N’ Things in San Diego, and would stand outdoors the restaurant providing free samples to introduce West Coasters to the dish. After greater than three a long time, the Sacco household rebranded and started providing franchise alternatives with the newly minted Epic Wings — however it’s nonetheless very a lot a household affair. “Many of the current franchises are owned and operated by former employees and next-generation family members,” says president and COO Rob Streett.
Image Credit: Yianni Dracos | Lime Painting
LIME Painting, No. 20
When his hopes for a wrestling scholarship fell by, Nick Lopez needed to discover one other strategy to fund his training at Michigan State University, so he began his first portray enterprise on the age of 19 — and it could change the course of his life. After three summers of portray homes, he developed a love for the house enchancment business and realized he may make a profession out of it. After graduating, he launched LIME Painting in Denver. LIME, which stands for Love, Integrity, Mission, and Excellence, gives high-end portray companies in addition to different dwelling enchancment companies similar to carpentry, fake finishes, and epoxy coatings.
Image Credit: Courtesy of KickHouse
KickHouse, No. 36
Jessica Yarmey is not any stranger to the health business, having served in key advertising and marketing roles at Club Pilates, Youfit, and Gold’s Gym. Maybe that’s what gave her the boldness to launch a brand new health franchise within the midst of a pandemic. Yarmey credit that call with serving to to form the model into one that’s nimble, tech-forward, and comparatively low-cost — attributes which have helped to draw a youthful pool of franchisees. And she goals to maintain KickHouse on the leading edge in distinctive methods, like providing an NFT assortment for members and accepting cryptocurrency for merch.
Image Credit: Courtesy of Always Faithful Dog Training
Always Faithful Dog Training, No. 74
Abraham Marshal was an authorized Okay-9 handler with the Marines earlier than beginning his personal canine coaching firm in 2003, specializing in leadership-style coaching that eschews the usage of treats, clickers, and shock collars. He’s now educated greater than 6,000 canine — and has began coaching franchisees as effectively. Always Faithful franchisees don’t must have prior expertise in canine coaching to succeed; in reality, many have come from the company world. And with the abundance of “pandemic puppies” adopted during the last two years, their companies have been in excessive demand.
Image Credit: Yallen Studio Pictures | DonutNV
DonutNV, No. 103
Alex and Amanda Gingold dreamed about leaving company America, however it wasn’t till Amanda misplaced her job that they determined to lastly make that dream a actuality, shopping for used doughnut-making gear off of Craigslist and opening a kiosk on the Philadelphia Premium Outlets in 2014. They launched their first trailer in 2015, and that cellular mannequin would turn out to be the premise for the DonutNV franchise. Knowing the hurdles that saved them from beginning their very own enterprise sooner, they search to maintain issues easy for franchisees by a low $10,000 franchise payment, a restricted menu of mini doughnuts and drinks, and offering all the things wanted from doughnut machines to enterprise playing cards.
Image Credit: Kevin Campbell Films | Gone For Good
Gone for Good, No. 125
Reid Husmer wished to discover a strategy to make a distinction and earn a living on the similar time. The result’s Gone for Good, which stands out from different junk elimination franchises as a result of it additionally has a thrift retailer part, permitting franchisees to resell a few of the objects they take away from folks’s properties as a substitute of sending them to landfills. The firm additionally recycles some objects and donates others to charities, like eyeglasses for the Lions Club’s Recycle For Sight Program, or bras for Free The Girls, which helps sex-trafficking survivors earn an revenue promoting them.