Talk on the Street
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Talk on the Street
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Looking for a franchise opportunity in 2019? Industry experts All State Franchise Finders share their top 3 industries to consider.
With franchises now diversifying into such a wide range of industries, it can be a little daunting trying to work out which industry offers the best track record, which one offers the biggest growth potential, or which is poised to be the next biggest craze.
Franchise industry experts All State Franchise Finders offer their expertise on which are the best franchise opportunities of 2019.
Gym and Fitness
One of the largest franchise industries, the fitness industry is huge and continues to grow each year. With our society battling weight-related health issues like obesity, diabetes and heart disease on a scale like never seen before, across all age groups, fitness-related franchises are proving to be one of the best investment opportunities around.
Mix this in with the holistic, hip, healthy eating and lifestyle craze taking the Quick Service Restaurant (QSR) by storm, gym and fitness franchises offer great growth potential.
One of the interesting things about this industry, according to All State Franchise Finders, is that there are franchises within this industry that are finding success by catering for specific demographic groups. For example, some franchises are focussing on fitness and sports activities for children, others are focusing on fitness for pregnant women and mothers.
Derek believes some of the best franchise opportunities for 2019 are in this gym and fitness industry. “Any type of fitness-related franchise seems to be a hot option,” says Derek. “From big gyms with all the equipment to boutique yoga classes.”
Hair and Beauty
Some of the high-ranked franchises in Entrepreneur Magazine’s Franchise 500 list are in the hair/salon industry. Such as Great Clips, which ranks within the top 10 year after year. With more than 4,000 locations, it is easy to see why the average Great Clips franchisee operates five to six units after five years. Sport Clips is another highly-ranked franchise that has nearly 1,700 units offering men’s sport-themed haircuts.
Old-style American barber shops, up-market beauty salons, trendy “blowout” boutiques, child-friendly salons and low-cost hair services are just some of the options when it comes to the ever-popular hair care industry.
“The hair and beauty industry has proven, over the past decade or so, to be relatively recession-proof,” says Derek. “While people are more conscious with their money during a downturn, they still want to look their best.”
And one of the great benefits of the hair and beauty industry is that additional revenues can be made from related product sales.
The ageing population, a desire to remain living at home, smaller family networks and financial costs have let to an increase in the need for senior care services.
According to Derek, the senior care industry offers one of the best long-term growth opportunities for any franchisee. Statistically, the United States has an ageing population and the government doesn’t have the resources to help this ballooning demographic.
Most seniors, for various reasons, want to maintain their independence and continue living in their own homes for as long as they possibly can, which is where a number of franchises are stepping up.
The senior care industry is one of the most diverse, with franchises catering for a wide range of services, including meal preparation and feeding, housekeeping and laundry, medication administration and in-home nursing care, travel assistance and helping with errands and even companionship and pet care.
Statistics show that, over the past several years, in-home senior care franchises saw more than nine percent growth each year, and experts believe this growth will continue into the next decade.
Franchise Experts All State Franchise Finders
Derek Cafferata and his team at All State Franchise Finders have more than 30 years’ experience in the franchising industry, both across the United States and around the world. Having worked with a vast number of potential franchisees through the daunting process of franchise selection, purchase, setup and establishment, All State Franchise Finders are always on the pulse when it comes to the best franchise opportunities.
For information or advice about becoming a franchisee, contact All State Franchise Finders on 1-800-544-2161 or visit demo.allstateff.com today. All State Franchise Finders – Your Franchise Experts!