Latest Trends in Franchising

Aug 12, 2015 | General

Are you looking for franchise opportunities? Perhaps you are considering buying a business or buying a franchise? If so, you’ve come to the right place, as we have provided you with the latest trends in franchising for those interested in becoming a franchisee.

For starters, let’s take a look at the shifting demographics in the 21st century. Baby boomers are no longer the “forever young.” As they age and enter the retirement phase of their life they will need new services, including those pertaining to health care, anti-aging products and retirement planning. Millennials, on the other hand, are another influential force of prospective consumers. As many enter careers and marriages, they will need services pertaining to child care and tutoring, for instance, and products that cater to their tech and media savvy mind sets.

Moreover, if you are interested in investing into a franchise you may want to look into recession-resistant franchise opportunities. There are many different types of businesses that thrive in all economic conditions, like pet and child care services, senior care and residential repairs and cleaning. Essential services are also considered recession-resistant and include auto repair, hair salons and home renovation to name a few, as well as businesses that help other businesses succeed.

Yet another market that seems to be growing by the minute is the health and wellness sector. From fitness and sports franchises to weight loss facilities, in-home businesses and more, the health and wellness industry is catering to our changing needs and demands. As baby boomers are looking to maintain a healthy lifestyle and many of us are looking to make healthier choices, these types of businesses can allow you to achieve your goals while helping someone else achieve theirs.

There are many people who are looking to make a positive impact on the lives of others. Buying a business in the health and wellness sector does not require a health care background.

In regards to the technology industry, many companies are tailoring their services to the needs of today’s tech savvy consumer who is always-on-the-go. Immediate gratification is the name of the game, and you can be a part of the solution rather than the problem by buying a franchise in a technology based enterprise.

Another interesting trend is the investment in semi-absentee franchises. A semi-absentee franchise business model allows the owner to manage a manger. As a result, you can continue to focus most of your time and energy at your main job while making some disposable income on the side.

In addition, many baby boomers are going into businesses for themselves and launching a second career after retirement. These individuals may not be ready to retire or are just looking to make some extra money to supplement their pensions and savings. Starting a franchise is one option for baby boomers who are interested in becoming business owners with flexible hours, working as little or as much as desired to facilitate their semi-retired lifestyles.

With our population rapidly booming and technological advances rapidly rising, it has never been a better time to become a franchisee and take control of your financial life.