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10 Franchises Poised for Growth

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We reviewed franchise concepts in two of the fastest growing industry segments, home healthcare and personal fitness. Using specific indicators we came up with ten franchises that met our guidelines. Read this article to see the franchises that made the list and to learn how they were chosen.

When looking for industries that offer the best opportunity for future growth, the same businesses appear, whether itís from the Bureau of Labor Statistics, Department of Commerce, franchise industry experts or independent business websites. Invariably, home healthcare and personal fitness businesses are at or near the top of these lists.

Since there are a number of franchise companies that operate within these business sectors we wanted to identify those that met certain standards. If you have an interest in any of the franchises be sure to thoroughly investigate each franchise and perform your necessary due diligence. We are not recommending any particular franchise but rather are indicating those that have certain positive characteristics.

In selecting the 10 franchises poised for growth we used the following requirements:

  • The franchise has shown increases in new franchise growth for 3 consecutive years
  • Each franchisor offers some form of financing
  • Investment requirements for each franchise appeals to small and large investors
  • The franchise fits into the home healthcare or personal fitness niche
  • The franchise has been in business at least 7 years

The 10 franchises that met these requirements are:

Home Healthcare

  • Home Instead
  • Right at Home
  • Senior Helpers
  • ComForcare
  • Home Care Assistance

Personal Fitness

  • Gold's Gym
  • Fitness Together
  • Snap Fitness
  • Anytime Fitness
  • Planet Fitness

We hope youíll find this list useful. You can use these guidelines to compare franchises in other industries. All of this information is available from the Franchise Disclosure Document for a specific franchisor. Finally, remember that the best source for evaluating a franchise program is to speak with existing franchisees.

Ed Teixeira is the President of FranchiseKnowHow, LLC. He can be reached at franchiseknowhow@gmail.com

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2015 home care franchise industry report

 

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