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Entrepreneur, March, 2000
AMERICA'S 107 FASTEST-GROWING FRANCHISES
What do microwaves, drive-thins and e-mail have in common? They've helped form--and fuel--our society's obsession with speed. This need for speed has dramatically influenced even the traditionally slow-paced franchising industry, as witnessed in the velocity of expansion shared by companies as diverse as Kumon Math & Reading Centers 7-Eleven Convenience Stores, Jackson Hewitt Tax Service and, of course, the grandfather of explosive growth McDonald's.
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The lightning-quick expansion of the following franchises not only capitalizes on widespread needs and trends, it also provides more opportunities for prospective franchisees. Interested in a special product or service? Looking for that one particular business concept? You can bet there will be a suitable franchise interested in coming soon to a neighborhood near you.
On the following pages, we've listed the fastest-growing franchises in the United States. Rankings are based on growth in the number of franchises from 1998 to 1999 as verified in Entrepreneur's 21st Annual Franchise 500(r), which you can view by visiting www.entrepreneur.com.
This ranking isn't intended to endorse any particular franchise but to provide a starting point for research. Read all the company's literature as well as its Uniform Franchise Offering Circular (UFOC); call and visit existing franchisees; and consult an attorney and an accountant. It's better to take your time during the research phase before you get on a fast track of your own.
Listing compiled by Lee Houston and Liza Potter