Want to Run a Hot New Brand? Here Are the 9 Youngest Franchises on the Franchise 500 – Entrepreneur

These franchise companies ranked among the best in 2020 despite only franchising for a few years.

May4, 20204 min read

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Nine companies in the 2020 Franchise 500 have shown that being a rookie to the game doesnt mean you cant play in the big leagues. With only a few years of franchising experience under their belts, these companies went up against the more than 1,100 other franchisors that applied including many that have been franchising for decades and managed to claim a spot in our annual ranking.

Scroll down to see which brands are making their mark on the industry.

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Conserva Irrigation is the newest brand under parent company Outdoor Living Brands, which also franchises Archadeck and Outdoor Lighting Perspectives. Conserva specializes in environmentally conscious lawn irrigation repair, maintenanceand upgrades. The company began franchising in 2017 and had more than 80 franchise units open in the U.S. as of last July.

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Five years ago, Julie Selby took her neighborhood wine and craft night to a whole new level with the founding of Board & Brush. Franchising since 2017, Board & Brush Creative Studio had already grown to 231 U.S. franchises by mid-2019. Franchises offer DIY workshops where friends and family can create custom wood signs while sipping wine.

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Lendio is a small-business-loan marketplace founded by Brock Blake and Trent Miskin in 2011. The company began franchising five years later, and despite its youth, this is Lendios third consecutive year ranking in the Franchise 500. Franchisees help entrepreneurs complete a single application that is submitted to more than 75 lenders to get the right loan for their needs.

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SmartStyle is a full-service hair salon brand with more than 500 locations inside of Walmarts across the U.S. and Canada. The business was founded in 1996, but franchises did not become available until 20 years later. Parent company Regis Corporation also franchises Supercuts, Cost Cutters, First Choice Haircuttersand Roosters Mens Grooming Centers.

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My Eyelabs 60-plus locations offer eye exams and eyewear sales, with more than 2,000 frames for men, womenand children to choose from. The retailer utilizes telehealth technology to provide quick and affordable eye care services to customers and reduce costs and inefficiencies for franchisees.

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In 2010, bodybuilders and personal trainers Dr. Saman Bakhtiar and Alejandra Font made it their mission to reinvent the personal training and gym experience into one that was goal- and group-oriented. On this principle, they founded The Camp Transformation Center, a gym specializing in group bootcamps, community supportand educated nutritional guidance. They began franchising in 2016.

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Motto Mortgage is a mortgage brokerage franchise that was founded in 2016 under its parent company and real estate industry giant RE/MAX. Motto Mortgage franchises can be added onto existing real estate businesses to create a one-stop shop experience for home buyers and refinancers. Mottos franchisees have already closed more than $1 billion in loan volume.

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Take 5 Oil Change has been providing quick oil changes since 1984, but just began franchising in 2016 after being acquired by Driven Brands, franchisor of Meineke, Maacoand Carstar. Each location offers a drive-thr- style oil change service, allowing customers to remain inside their vehicle while Take 5s staff handle the rest.

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Inspired to make eyelash extension services accessible to a wider range of beauty consumers, Jennifer Blair and her husband, Mike, founded Deka Lash in 2013, and then began franchising in 2016. Franchisees offer lash services through a membership program, and sell related beauty products, at more than 80 locations across the U.S.

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Want to Run a Hot New Brand? Here Are the 9 Youngest Franchises on the Franchise 500 - Entrepreneur