A Quick Peek at the Top American Franchises in 2023

USA has one of the most thriving franchise industries globally; one that even survived the COVID-19 phase. Since everything went back to normal, the industry has been showing exceptional growth. In 2023, the revenue from franchise businesses is expected to reach $860 billion, increasing by 4.2%. Additionally, there has been a steady increase in employment rate with 8.44 million employees recorded in 2022 by Statista. So, if you have been contemplating your investment in top American franchises, now is the right time. However, you can only earn lucrative returns investing in a thriving brand. On that note, let's check out the top rapidly growing franchises in the US for better ROI.


https://www.statista.com/statistics/190317/number-of-employees-in-us-franchise-establishments/

 

Fastest Growing US Franchises in 2023

Not sure which franchises in the US will be a good investment? Let's take a look at the ones that have displayed significant growth over the years. 

 

All Dry

Founded in 2014, All Dry is a Florida-based franchise specializing in restoring water damage. Additionally, it also offers homeowners repair and restoration caused by damage from fire, smoke, storm, etc. Their extensive range of services includes odour removal, sewage and mould cleanup, leak detection, and more. The minimum investment for an All Dry franchise is between $86.949 and $212,000. Like all good franchisors, All Dry also offers ongoing training and support to franchisees, offering special discounts to veterans.

 

Dog Training Elite

Dog Training Elite, as the name gives out, is a dog training company, dating back to 1995. Based in Utah, Dog Training Elite now has units all across the US and is looking to expand after showing significant growth in the last few years. If you are passionate about pets and want to do something related to your passion, this is one of the best franchise opportunities in the USA. The initial investment is between $126,900 and $147,750, along with an initial franchise fee of $84,500. Dog Training Elite offers in-home training, therapy dog training, and service dog training as well.

 

HomeVestors of America, Inc. 

Founded in 1989, HomeVesters of America, Inc. is a real estate investing company based in Texas. The company has active operations across 46 states with more than 1100 franchises and plans to expand those numbers. In the last three years, the business has grown by 4.8%, making it one of the hottest names in the real estate domain. The initial investment will cost you between $80,000 and $456,250, with a franchise fee of $39,000 - $80,000. Veterans get a 10% discount on franchise investments.

 

Mathnasium Learning Center 

Mathnasium Learning Center was started in 2002. It is an education company that operates learning centers for students, ranging from kindergarteners to high-schoolers in North and South America, the Middle East, Asia, and Europe. The initial franchise investment will cost you around $112,860 - $149,155, including the franchise fee of $49,000. They offer 12% discounts to veteran franchisees. In the last three years, Mathnasium has displayed a growth of 5.8%. If you are an educator with math as your specialization, Mathnasium will be the best franchise to start.

 

Subscribe to https://franchisingmagazineusa.com/, the leading franchise directory in the US for more such insightful stories on the industry trends and expert opinion.

Location: United States

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