Fastest Growing Franchises for 2010



fastest growing franchises 2010

The top 10 fastest growing franchises in 2010 according to entrepreneur Six of the top ten are commercial cleaning services. Moral of the story is if you have to get your hands dirty at least get commercial rates for it.

In the current economic climate and the world of hard to get loans, franchises may be a way to get your start up off the ground. Franchisers are offering amazing deals by waiving fees or making loans themselves for qualified people. Also check out additional information in the franchising world

1. Jan-Pro Franchising Int’l. Inc. – Commercial cleaning
Startup Cost: $3,145 – $50,405

2. Subway Submarine – sandwiches & salads
Startup Cost: $84,300 – $258,300

3. Stratus Building Solutions – Commercial cleaning
Startup Cost:$3,450 – $57,750

4. Dunkin’ Donuts – Coffee, doughnuts, baked goods
Startup Cost: $537,750 – $1,765,300

5. Anago Cleaning Systems – Commercial cleaning
Startup Cost: $8,543 – $55,306

6. McDonald’s – Hamburgers, chicken, salads
Startup Cost: $995,900 – $1,842,700

7. CleanNet USA Inc. – Commercial cleaning
Startup Cost:$5,425 – $91,150

8. Bonus Building Care – Commercial cleaning
Startup Cost:$9,000 – $15,000

9. Liberty Tax Service – Income-tax preparation
Startup Cost:$56,800 – $69,900

10. Vanguard Cleaning Systems – Commercial cleaning
Startup Cost:$8,125 – $38,100

Franchising startups are on a tear



If you’re trying to decide on a Franchising startup, you may want to consider focusing a business model aimed at baby boomers. Fitness centers, spas, senior care services and coffee shops are among the leading franchises. If you are an entrepreneur that is industry agnostic and just want to make money then consider the fact that a baby boomer retires every 16 seconds, talk about a built-in customer base. Even homebuilders have catered their inventories to Boomers to help insulate against the busted real estate market.

Kiplinger reports:

A quick look at the demographic trends shows why senior service franchises are so popular. By 2010, one in five Americans will be considered “senior,” and the number of Americans over the age of 65 will grow to 53 million by 2020. Moreover, average life expectancy has increased 15 years since the Social Security system was established in the 1930s.

Franchising comprises 10% of the private sector in the United States and will continue to blow full steam ahead in the boomer demographic. Be sure your business plan reflects the appropriate geography for the boomer demographic. Destinations like Fort Collins, CO and numerous cities in North Carolina have enjoyed steady growth.

Be sure to take a look at the top 10 investments to capture the baby boomer demographic as well.