Five Growing Franchise Industries
By Carly Evans
Learn about five industries that offer healthy franchise opportunities and a
path for individuals who are looking to own and operate their own business.
It's no secret that the economy is still unstable. But it's also no secret
that America has been in sticky situations before and come out on top. With the
uncertain future, people are making better financial decisions but not letting
that squelch the entrepreneurial spirit. If you're looking to own your business
and be your own boss, then franchising can be a viable option. There is a huge
range of industries that encompass a variety of time and monetary commitments.
You can find an industry that really fits your personality and schedule.
Since it can be difficult to cipher through the huge amounts of information on
the web, I thought it would be helpful to tell you the top five fastest-growing
franchise industries and a little bit about them.
Often times when people think 'franchising,' they think McDonald's. But the
truth is, there is plenty more out there and once you're educated about the
variety of business opportunities, you can make the best decision about where
your money and efforts should go.
These five industries will be in no particular order. The only criteria are
that the industry is popular now and poised for exponential growth in the coming
1. Cleaning franchises. This service industry franchise is
popular right now, mainly because it's a low investment franchise. Cleaning
franchises do not necessarily need a headquarters, which means saved overhead on
not paying rent for an expensive space. Cleaning franchises are also great about
making your own hours and schedule, which is perfect for parents. Within
cleaning franchises, you can also decide between commercial cleaning and
residential. It's not all toilet scrubbing, either; you can choose a specialized
cleaning service like dry cleaning, carpet cleaning or power washing.
2. Senior care franchises. This industry is poised for huge
growth in the next few years. By 2030, over a quarter of the American population
will be of retirement age. Though many people are not set to retire at exactly
65, many will be coming of the age where they need home healthcare. Many seniors
wish to stay in their residences, as opposed to moving to a nursing home or
retirement home. Many senior care franchises do not have to be medically-based.
You can work out of your home and simply run errands and do a little light
housework. It benefits the lives of the seniors and is fulfilling for the
franchisee. With the growing population, the demand will grow for more senior
care specialists. It's a great opportunity to get your business established now.
3. Vending franchises. When you think of vending machines,
you might think of snacks and soda. However, there is a lot more than meets the
eye. One popular form of vending franchises right now is the DVD vending
franchise. Businesses like DVD Now have kiosks everywhere and they're growing
even more every day. Other vending franchises you might not know are businesses
like massage chairs. These are 'merchandise free' and (aside from maintenance)
they require little work.
4. Low Investment franchises. This can encompass a
whole host of franchises--everything from ATMs to cleaning services. I include
this not to be redundant, but because it's a great keyword to use in your search
for franchises for sale. Low-investment should usually yield opportunities under
$20,000, this can be helpful for narrowing results based on your cash flow.
5. Pet franchises. In tough times, people always spend more
money on the ones they can always count on-and in this case, it's their pets.
Studies have shown a big increase in the sales of dog toys and other luxury pet
items during the recession. We want to spoil those that matter most to us.
Running with this idea, there are tons of pet franchise options for you to be a
part of. There's dog training, walking, grooming, kenneling, pet supply store
and pet waste removal franchises. All of these are certain to always be a great
money maker and are in burgeoning industry.
Don't take my word for it, though! Go get your research on. There are plenty
of franchise industries out there to see. You only need to look and narrow it
down to what you want to do most!
Carly Evans is a small business consultant and content writer for
FranchiseClique.com, which has the
most comprehensive list of franchises on the Internet. Search by industry,
initial investment and region for your best franchise match!