{"id":9360,"date":"2016-07-27T18:53:34","date_gmt":"2016-07-27T22:53:34","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=9360"},"modified":"2025-09-25T07:15:14","modified_gmt":"2025-09-25T11:15:14","slug":"5-fastest-growing-franchise-industries-12593","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/5-fastest-growing-franchise-industries-12593\/","title":{"rendered":"5 Fastest Growing Franchise Industries"},"content":{"rendered":"

One area of the economy that continues to thrive is the franchising industry. According to the International Franchise Association\u2019s\u00a02016 Franchise Business Economic Outlook<\/a>, the industry is predicted to grow at faster a rate than other types of businesses this year, including a 1.7% increase in the number of franchise establishments and a 5.5% jump in total revenue, as well as a experience a 3.1% growth in employment, adding almost 300,000 jobs to the economy for a total of 9.1 million. Total revenue is expected to surpass $550 billion, up from $523 billion in 2015.<\/p>\n

Although franchising is growing at a competitive rate, some sectors grow faster than others.<\/em><\/p>\n

The strength of franchising is in its network of support from franchisors, making it easier to succeed as a franchisee than in other, more independent business\u00a0endeavors. \u201cFranchises offer entrepreneurs a proven business model with established systems and manuals,\u201d Co-Founder and CEO of\u00a0PostNet\u00a0Steve Greenbaum said in a recent interview. \u201cYou also have a corporate team that is studying the marketplace, refining the business model and working hard to negotiate with vendors on your behalf – all of which helps your business be more efficient and profitable and helps your brand stay strong.\u201d<\/p>\n

Leading Growth Sectors in Franchising Today<\/strong><\/h2>\n

While individual franchise systems are not created equally, these industries are experiencing rapid growth and leading the way in 2016:<\/p>\n

#1: Personal Services<\/strong><\/h3>\n

An improving economy and\u00a0aging\u00a0\u201cBaby Boomer\u201d population\u00a0has\u00a0fueled the booming personal services industry over the last few years which includes salons and spas, fitness and gyms, senior care, childcare, and tutoring services to name a few. Some of the most notable growth comes from the educational category as parents are feeling more pressure than ever to ensure their children are prepared to face academic challenges and have every opportunity to excel. Tutoring franchises like\u00a0Tutor Doctor\u00a0and Mathnasium allow parents to supplement their children’s regular school program and help them compete for university acceptance.<\/p>\n

Another rapidly growing category in the personal services industry is senior care. Franchises such as\u00a0Angel Companions\u00a0and\u00a0Caring Transitions<\/a>\u00a0provide non-medical home care services which are in high demand as \u201cBaby Boomers\u201d \u2013 the fastest growing market in the world \u2013 continue to age.<\/p>\n

#2: Travel & Lodging<\/strong><\/h3>\n

There has also been an increase in travel and lodging growth as the economy continues to improve. Most well-known hotel brands are actually franchises, and with travel picking up many hotel chains like\u00a0Choice Hotels International\u00a0and\u00a0Wyndham Hotel Group\u00a0are expanding to meet consumer demand.<\/p>\n

Other travel franchises like\u00a0Cruise Planners\/American Express Travel\u00a0have also experienced growth in recent years. The travel industry grossed nearly 750 billion last year alone, and more than 34 million Americans say they plan to cruise in the next three years.<\/p>\n

#3: Business Services<\/strong><\/h3>\n

The business services industry is vital to helping businesses as they grow by providing a wide range of support services including IT, consulting, payroll and staffing, printing and mail services, and more. Tax franchises like\u00a0Liberty Tax Services<\/a>\u00a0have particularly been on the rise in recent years helping businesses to navigate complex tax laws and stay in compliance. Other business services franchises like Apex Payroll and\u00a0Westaff\u00a0provide valuable payroll and staffing services saving small businesses time and money.<\/p>\n

#4: Quick-Service Restaurants<\/strong><\/h3>\n

With the rise of Quick-Service Restaurants (QSRs) consumers no longer have to choose between fast food or table service restaurants when on the go. QSRs, also known as fast casual restaurants, combine the quality of table service with the speed and convenience of fast food making it one of the\u00a0fastest growing\u00a0categories in the food franchise industry.<\/p>\n

Concepts like\u00a0Primo Hoagies\u00a0and\u00a0Teriyaki Madness\u00a0offer quality ingredients and a casual setting as well as a larger variety of options that are often healthier, which has become an important consumer demand over the last several years. Fast casual franchises offer a\u00a0much needed\u00a0option for the growing number of Americans on the go.<\/p>\n

#5: Cleaning & Maintenance Services<\/strong><\/h3>\n

As our lives become busier, more Americans are depending on cleaning and home maintenance services to keep up their homes. Maid service franchises such as\u00a0MaidPro\u00a0as well as other home services for lawn care, painting, and appliance repair have become increasingly popular with more and more well-recognized brands such as\u00a0Mr.\u00a0Appliance\u00a0and Five Star Painting continuing to expand to meet demand.<\/p>\n

Purchasing a franchise from one of these fast-growing sectors can give you a leg up on the competition as you work to establish and build your new business. Franchise Gator helps those who want to buy a franchise with thousands of opportunities and other resources. Download our free\u00a0‘Fastest-Growing Industries<\/a>‘ ebook to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

One area of the economy that continues to thrive is the franchising industry. According to the International Franchise Association\u2019s\u00a02016 Franchise Business Economic Outlook, the industry is predicted to grow at faster a rate than other types of businesses this year, including a 1.7% increase in the number of franchise establishments and a 5.5% jump in … 5 Fastest Growing Franchise Industries<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":9361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,24],"tags":[],"class_list":["post-9360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-starters","category-franchise-experts"],"yoast_head":"\n5 Fastest Growing Franchise Industries - Franchising Blog<\/title>\n<meta name=\"description\" content=\"Purchasing a franchise from one of these fast-growing sectors can give you a leg up on the competition as you work to establish and build your new bus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchisegator.com\/articles\/5-fastest-growing-franchise-industries-12593\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Fastest Growing Franchise Industries - 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