Growth is what franchising is all about, and Entrepreneur's Fastest-Growing Franchises list identifies the franchise brands with the greatest unit growth 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 units (franchises and company-owned) added worldwide from July 2019 to July 2020, as verified by Entrepreneur magazine, with ties broken based on percentage growth. (Note: Versions of this ranking prior to 2021 were based on US and Canada franchise units only.)
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.
