19 of the Best Emerging Franchises To Invest in for 2024

New year, new career. The start of 2024 has brought a bit of economic uncertainty for many professionals, but in the franchising space, this is a good sign. Economic turbulence tends to motivate traditional employees to begin looking into other options and opportunities for self-employment.

These 19 emerging franchise brands offer a prime opportunity for franchisees to scale alongside their franchisors while playing a crucial role in the growth and shaping of the brand.

Nautical Bowls

Unit Count: 56

Initial Investment: $300,000 to $400,000

Nautical Bowls is a quick-service health food franchise with a focus on nourishing superfoods, including acai, pitaya, fresh fruits, nuts and seeds, granola, and protein crumbles. Consumers’ focus on wellness continues to grow. Access to quick, easy health foods is a great addition to almost any community. 

All Dry Services

Unit Count: 126
Initial Investment: $87,749 to $275,300

All Dry Services is a restoration and cleanup franchise that provides water, smoke and storm-related restoration services, as well as sewer cleanup, mold removal, leak detection and odor removal. The franchise has seen incredible growth in recent years, and franchisees who join the system now will be more likely to secure their prime territories while breaking into the still-strong home services market.

Facial Mania Med Spa

Unit Count: 8

Initial Investment: $260,300 to $698,500

Facial Mania Med Spa is a full-service med spa franchise offering entrepreneurship opportunities to investors, clinicians and existing spa owners. With a range of full-body services and multiple investment models, the franchise can be tailored to meet the needs of each specific market and owner.

Heating + Air Paramedics

Unit Count: 3
Initial Investment:  $130,075 to $237,425

Heating + Air Paramedics is an HVAC franchise that was founded in an effort to bring a small-town service feel to an industry in need. By providing this type of customer service without sacrificing the quality of work, the franchise has positioned itself for strong growth in the future.

StretchMed

Unit Count: 54

Initial Investment: $70,447 to $185,478

StretchMed is a facilitated stretching franchise that addresses the challenges of more than 116 million Americans who experience chronic pain. With a relatively low initial investment and streamlined build out model, StretchMed offers a simpler pathway to ownership than other wellness concepts while addressing the same high-demand market.

Mighty Dog Roofing

Unit Count: 90

Initial Investment: $200,000 to $303,000

Though Mighty Dog Roofing is young, its footprint has already begun to explode across the U.S. As a roofing, siding and gutter franchise, Mighty Dog Roofing positions itself in the highly lucrative home services market, and leverages a great customer experience and innovative products to help franchisees stand out even more.

Funtastik Labs

Unit Count: 1

Initial Investment: $257,250 to $352,250

Funtastik Labs is a children’s entertainment franchise that encourages science, technology, engineering, art and math (STEAM) exploration in an immersive environment. The value of STEAM experiences for children is becoming clearer among parents and guardians. 

Franny’s Farmacy

Unit Count: 12

Initial Investment: $206,600 to $362,500

Franny’s Farmacy is a retail cannabidiol (CBD) franchise that is working to meet the demand of consumers looking for natural wellness management options. Major companies have already proven the value available in running dispensaries.

The DRIPBaR

Unit Count:  97

Initial Investment: $136,500 to $338,300

The DRIPBaR is an IV drip franchise that provides hydration and other wellness benefits, intramuscular shots, and additional services such as red light therapy and sauna. This model allows entrepreneurs to break into the wellness space without being a doctor or nurse and requires a relatively low initial investment.

Grumpy’s Restaurant

Unit Count: 5

Initial Investment: $645,000 to $1,585,000

Grumpy’s Restaurant is an American and Southern diner franchise that strives to provide a classic dining experience that brings friends and family together. With over two decades of experience and a strong support system, franchisees can also maintain attractive business hours that lend themselves to a favorable work-life balance.

Elite Window Cleaning

Unit Count: 8

Initial Investment: $102,057.00 to $120,332.00

Elite Window Cleaning is a window cleaning franchise that embraces new technology to bring an elevated experience to an established industry. With water-fed carbon poles, Elite Window Cleaning teams can avoid climbing ladders with heavy buckets, creating a safer, more efficient experience for both employees and customers. The franchise has seen strong interest from prospective owners interested in building an empire predicted to explode in 2024.

“Now is the time to invest in Elite because the market is insanely fragmented,” said founder and CEO Chris Stoness. “Coast to coast in Canada, there is really no national provider of this service. Having the support and growth mechanisms that come with an Elite Window Cleaning franchise is truly almost an unfair advantage. The timing is right because I expect that, in five years, there won't be a lot of territory left.” 

Ace Pickleball Club

Unit Count: 1

Initial Investment: $910,455 to $1,281,290

Ace Pickleball Club is an indoor pickleball court franchise that has already awarded over 80 franchises. Though the brand is young, pickleball exploded across the U.S. in recent years, so the franchise model is positioned to address swaths of unmet demand and presents a great opportunity to scale.

Rumble Boxing

Unit Count: 67

Initial Investment: $405,600 to $4,164,503

Rumble Boxing is a specialized fitness concept that offers full-body boxing workouts that promote physical fitness, as well as mental stamina, focus and determination. This is especially significant considering consumers’ focus on wellness continues to increase this year.

Slice House

Unit Count: 9

Initial Investment: $406,300 to $1,147,600

Led by world pizza champion Tony Gemignani, Slice House is a pizza franchise that offers high-quality pies and a great customer experience. With another 95 units in development, the brand is already showing strong potential to become a go-to pizza concept nationwide.

“We are incredibly proud to celebrate 100 units for Slice House, a testament to the strength of the brand and the hard work of our veteran team and dedicated operators,” said Gemignani. “Our first year and a half were met by such incredible enthusiasm and demand from the market, we can’t wait to see what 2024 will bring. We look forward to opening additional locations to offer our authentic, award-winning pizza to new communities across the country.”

Tierra Encantada

Unit Count: 11

Initial Investment: $1,033,305 to $2,620,700

Tierra Encantada is a Spanish immersion early education franchise that aims to expand childrens’ minds through exposure to new language; new cultural foods; and a diverse, welcoming environment. With accessibility to language programs dwindling, demand from parents is growing and Tierra Encantada provides a holistic solution.

GrassRoots Turf

Unit Count: 20

Initial Investment: $100,800 to $151,600

GrassRoots Turf is a lawn care company that offers weed control, tree and shrub care, mosquito control, and liquid aeration. The brand has seen substantial growth in recent years, indicating a positive reception from consumers and a bright future for scale, but the seasonal nature of lawn care also offers flexibility for franchisees seeking a less traditional work model.

Anchored Tiny Homes

Unit Count: 18

Initial Investment: $136,250 to $262,000

Anchored Tiny Homes is an accessory dwelling unit (ADU) building franchise that is on a mission to solve the housing crisis by adding housing inventory to existing lots. As the real estate market continues to shift in 2024, need will persist, and franchisees will have an opportunity to give back to their communities while running a business with strong revenue potential and growing demand.

Southern Grounds

Unit Count: 4

Initial Investment: $456,500 to $999,500

Southern Grounds is a chef-driven coffeehouse that works to make the communities it enters better through giving back, sustainable practices and green buildings. With consumer interest in purpose-driven companies on the rise, Southern Grounds is positioned to scale thanks to its choice to bring more sustainable practices to an already high-demand segment.

Poolwerx

Unit Count: 63

Initial Investment:  $182,072 to $430,322

Poolwerx is a quickly growing pool repair, maintenance and retail franchise. With decades of experience and the ability to service both residential and commercial clients, the franchise has captured the attention of many investors and is set to open over 70 new locations this year. 

Though economic outlooks may be uncertain, franchising provides a reliable model for those looking to take the leap and take control of their futures. These emerging brands have developed operational processes, support structures and other scaffolding to support new owners’ development, and owners who join these franchises early on will be in a position to experience explosive growth alongside the systems themselves.