Are Franchises Recession Resistent?

December 13th, 2010

(Buy A Franchise, Seattle Franchise, Bellevue Franchise)

Are Franchises Recession Resistent?  The Answer: “Some Are”.

The future of franchising is looking bright: In September, the U.S. Census Bureau reported that 10.5 percent of all businesses with paid employees were franchises in 2007, the latest data year, and that they generated a staggering $1.3 trillion in annual sales.

Where is franchising headed next? We’ve identified 10 categories as the industries to watch in 2011. Whether they’re services that people can’t afford to live without, such as child care and healthcare, or luxuries made more affordable through franchising, like fitness and spa services, these are the businesses that kept growing strong right through the recession and, now that it’s over, show no signs of slowing.

This list is not a ranking and is not intended to endorse any specific franchise. Look at it instead as just a first step toward your own careful research, which should include reading the company’s literature and legal documents, consulting with an attorney and an accountant, and talking to current and former franchisees to find out if an opportunity is right for you.

If you would like to know which Franchises are recession resistent and which are not, please contact me for a Free Franchise Consultation.

(Buy A Franchise, Seattle Franchise, Bellevue Franchise)

Popularity: 2% [?]

Trackback URI | Comments RSS

Leave a Reply