Growth is what franchising is all about, and Entrepreneur's Fastest-Growing Franchises list identifies the franchise brands with the greatest unit growth in North America over the last year, based on the data they submitted for the most recent Franchise 500®.
The fastest-growing ranking is based on the net total new franchise units added in the U.S. and Canada from July 2021 to July 2022, as verified by Entrepreneur magazine, with ties broken based on percentage growth. (Note: The 2021 and 2021 versions of this ranking looked at worldwide growth.)
This ranking is not intended to endorse any particular franchise, but rather to provide a starting point for your research. Due diligence includes thoroughly reading a company's literature and its Franchise Disclosure Document, calling and visiting existing franchisees, and consulting with an attorney and an accountant. Here's where slowing down makes sense: You should only buy a fast-growing franchise after you've taken the time to conduct a careful investigation.
