Become a franchise business owner!
Whatever your idea of a franchise business may look like…erase it! When thinking about what type of franchise business you want to invest in you need to first start by thinking about YOU! That’s right, YOU! What are YOU naturally drawn to or built for? What are YOU passionate about? The better you know yourself the better your chances of finding an entrepreneurial opportunity that fits you, and with Franocity’s database of hundreds of business models in a dozen different sectors, we can help narrow down the options, and get you started on living your life as an entrepreneur!
What’s interesting about today’s franchising trends is how the franchise world has been and continues to be impacted by the pandemic. According to FranchiseWire.com, a reporting agency that provides information about the franchise industry, “there were unfortunate trends that showed up with the pandemic…big box gyms, dine-in restaurants, co-working franchises, and others weren’t able to survive, but, with those failing markets other types of franchises stepped up to take their place.”
So what are the franchise businesses that weathered the pandemic storm? Here are just a few:
- Food – It’s the fuel that sustains us. But, instead of burgers and fries (although there’s nothing wrong with that) think about more unique, specialized food/meals. Instead of a sesame bun, think a delicious fluffy puff-choux stuffed with a velvety custard cream that comes in a variety of flavors. If you want to get into the food franchise business, but want something less greasy and more scrumptious, Franocity has several creative options to consider.
- Home Improvement – People always need people, isn’t that what Barbra sang? But, what changed over the last two years is what people needed help with. Right now, business is booming for home repair and improvement work. With people spending more hours at home, and paying closer attention to all the things that need to be done – painting, updating, fixing, and sprucing – qualified home service pros are booked and bringing home the bacon! If you have the ‘fix-it’ gene, and what to turn your hobby into something more, reach out to us. Along with doing the work yourself, we can get you started on a franchise home services business that will help you reach your financial goals.
- Pet Care – “A man’s best friend is his…whatever pet he has! If you are a pet owner you already know how important your four-legged friend is to your family. And, you probably have done or will do more for him/her than just about anyone in your life. If you think this way, you are not alone! People and their pets are huge business. According to the American Pet Products Association (APPA), it is projected that American pet owners will spend close to $109.6 billion on their pets this year. This is a steady trend influenced by COVID-19 and the increase in pet adoptions. APPA projects that “people will continue to spend money on their pets in various branches of the growing pet industry, even as social distancing from the pandemic diminishes.” If you love animals, and would rather spend your days with them more than your current co-workers, we have a variety of pet services and pet care franchises to choose from!
These top three trends will continue to lead the new wave of the franchise business world. If any of them have your name on it, give us a call today at 561-609-6200, and let us match you with a business opportunity that turns your passion into profits!