Some entrepreneurs select franchising opportunities based on what interests them or because they already like the brand. While this is not a bad strategy, there are some advantages to researching which industries happen to be performing particularly well. Either way, you want to be sure that the role of the owner is aligned with your unique skillsets and goals to ensure a great fit.
So what are some industries that are performing well currently? Let’s have a look at three Canadian franchise opportunities that are hot right now:
You would think that in an age where we are supposed to be more accepting of our bodies, that you wouldn’t see such a rise in the fitness industry. It is important to remember however, that we are also in an age of “selfies” and people want to look good.
Take a look at the menu of most major fast food restaurants and you’ll see that while burgers and fries are still on the menu, they are now sharing that space with salads and lighter fare. People today are growing more and more health conscious.
Most people however, still want fitness to be convenient. For this reason, we’ve seen growth in a number of fitness businesses from fitness centers to 20-minute circuit gyms, specialized gyms and nutrition/supplement franchises.
This is an attractive franchising opportunity to get involved with, especially for those interested in a health and wellness opportunity. The fitness industry is expected to grow over the next several years as the number of adults aged 20-64 (the largest gym-going demographic) is on the rise.
People today are living longer and healthier lives and this means that in the coming years, there will be more and more seniors who require care. One of the fastest growing parts of the senior care industry is in-home elder care services.
Adults caught in the “sandwich generation” of caring for both their children and their aging parents are seeking out the help of these types of services.
Today’s seniors want to retain their independence for as long as possible – and who can blame them? In-home and other types of senior care services can help our elderly population remain in a comfortable and familiar environment while they receive the assistance that they need, at a fraction of the cost of government and private long term care facilities.
The third type of Canadian franchising opportunity which is very hot right now is the semi-absentee business. This type of business is appealing to many investors because it is less hands on than other types of business.
The business structure allows franchisees to own the business while hiring a qualified manager to run the business. This “manage the manager” model is appealing to individuals who are looking for more flexibility in their schedules or would like to continue their current career while investing in their future.
When selecting a Canadian franchising venture, it makes sense to have a good look at the market and choose an industry that is on the rise. For more information about these or other franchising opportunities, contact FranNet today.