Shark Tank's Daymond John said in an interview with entrepreneur and Inc.com columnist Dave Schools that he prefers franchises over giant chains. The reason? Because franchises offer more intimacy, and he thinks big corporations can have a top-down culture with too many rules. "Franchising [offers] a more symbiotic relationship, where you give an opportunity to other entrepreneurs and they run with it, fueled by their own passion," John told Schools last September.
The following fast-growing franchises from this year's Inc. 5000 list--which are all part of a health-focused trend--would surely agree.
7. Vitality Bowls Enterprise
2018 Inc. 5000 Rank No. 682 Growth 735.8% Revenue $21.3M
Vitality Bowls Enterprise is based in San Ramon, California, and the franchise is made up of over 70 cafes that sell healthy options like smoothie bowls, salads, and juices. The company was founded by couple Roy and Tara Gilad after their daughter's severe food allergies required them to seek healthy alternatives.
6. Orangetheory Fitness
2018 Inc. 5000 Rank No. 667 Growth 751% Revenue $738.6M
Five-time Inc. 5000 honoree Orangetheory Fitness owns gyms that offer group workout classes that include treadmills, rowing machines, and more to help build strength and cardio endurance. Clients of the Boca Raton, Florida-based chain wear heartbeat monitors during their workouts to gauge their progress.
5. FYZICAL Therapy & Balance Centers
2018 Inc. 5000 Rank No. 57 Growth 4,788% Revenue $12.4M
Making its second consecutive appearance on the Inc. 5000 list, FYZICAL Therapy and Balance Centers has 323 clinic locations in 40 different states. The Sarasota, Florida-based company offers patients physical therapy, balance programs, and fitness instruction.
4. Cookie Cutters Haircuts for Kids
2018 Inc. 5000 Rank No. 482 Growth 1,048% Revenue $4.1M
This children's haircutting salon franchise lets kids sit in firetrucks and cars and play video games while getting their hair cut--which is a fair incentive to ease tantrum-prone kids. The company is based in Holladay, Utah, but there are franchises all over the country and in Canada. Each Cookie Cutters Haircuts for Kids location also offers an in-store playground and gives their children clients a sucker and a balloon on their way out.
2018 Inc. 5000 Rank No. 314 Growth 1,571% Revenue $16.4M
Adrenaline-induced kickboxing workouts help this business pack more than just a bag punch. Merrick, New York-based iLoveKickboxing quickly grew to offer franchised gym locations all over the United States, with additional outposts in Canada and Peru.
2018 Inc. 5000 Rank No. 292 Growth 1,670% Revenue $3.2M
This Plainview, New York-based fitness company takes away one of the hardest parts of a workout--physically dragging yourself to the gym--by offering in-home personal training. GYMGUYZ's founder, Josh York--who started his business from the living room of his parents' house--hopes to have 500 franchise locations within the next five years.
1. Club Pilates Franchise
2018 Inc. 5000 Rank No. 95 Growth 3,728% Revenue $27.2M
Pilates studios company Club Pilates Franchise has nearly 450 open locations across the United States and offers pilates instructor training programs, as well as classes. Club Pilates is owned by parent company Xponential Fitness--a leader in the boutique fitness trend. This is the Irvine, California-based company's second time on the Inc 5000.
Correction: This article has been updated to reflect the Club Pilates Franchise's correct headquarters and number of locations. It is located in Irvine, California and it has nearly 450 open locations.