As the economy booms, franchise systems are seeing exponential growth. In early 2018, the International Franchise Association projected franchise sector growth would outpace the rest of the U.S. economy. Franchise locations were expected to grow 1.9% in 2018, and employment to grow 3.7%, again outpacing the rest of the economy. In addition, the IFA expected franchise businesses to increase output by 6.2% to $757 billion. Researchers largely credited tax reform and regulatory relief for instilling optimism and confidence among franchise owners, and future owners.
Recently, Entrepreneur released its list of fastest growing franchises in 2019 and some restoration franchises made the cut! Restoration 1 ranked #48, 911 Restoration ranked #77, 1-800-Packouts ranked #110, and PuroClean came in at #127.