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Circle K, Freddy’s Among Fastest Growing Franchises

Circle K, Freddy’s Frozen Custard & Steakburgers and Tropical Smoothie Cafe ranked among the Top 10 fastest-growing franchises by unit, according to the Franchise Times Top 200+ ranking.

Circle K and Freddy’s each showed about 19% growth from the previous year to $8.1 billion, while Tropical Smoothie showed an increase of 16.5% to $392.9 million. At $90.9 billion in sales, Mcdonald’s was the No. 1 franchise overall with a 7% increase, with 7-Eleven, KFC, Burger King, Subway, Domino’s and Pizza Hut all in the top 10.

The 200 largest U.S.-based franchisors grew their combined annual sales by more than $28.5 billion (4.6%) last year. The 10 largest franchised brands added $14.3 billion in sales, increasing 5%.

For the full story, go to this week’s Food Institute Report.