Home | Buying a Franchise | Financing | Operations | Marketing | Legal Corner | Free Newsletter

 
 

Previous: Falconhead Capital Buys Controlling Interest In Rita's Franchise
Next: North Carolina Franchisee Settles Costly Lawsuit


Growth of Senior Population is Good News for Franchising
Posted by

The U.S. Census Bureau has announced that the U.S. population 65 and older is now the largest in terms of size and percent of the population, compared with any previous census, according to a Census Bureau report released on November 30. The Senior segment grew at a faster rate than the total population between 2000 and 2010. According to the data there were 40.3 million people 65 and older on April 1, 2010, increasing by 5.3 million since the 2000 Census when that population numbered 35.0 million.

Here's why this is good news for the franchise industry and franchisors:

  • Seniors tend to be very loyal customers provided they get good customer service.
  • Franchise sectors such as home care, personal fitness and handyman concepts should continue to grow and new franchises will sprout up.
  • This generation of seniors include lots of baby boomers who tend to be more active and open minded.
  • Seniors will tend to dine out more frequently which is good for franchise restaurants.

The growth in the senior population should be an added boost for the franchise industry.

 


Posted on December 2, 2011 at 2:42 PM
| Comments (0)


Comments

Post a comment




Remember Me?

(you may use HTML tags for style)


Follow Franchise Know-How on Twitter



Recent Entries
The NLRB Has Issued a Consolidated Complaint Against McDonald's Franchisees and their Franchisor as Joint Employers

Leaders Initiate Action

McDonald's To Cut Menu in Bid to Regain 'Burger Leadership'

10 Tips for Conquering Public Speaking Nerves

N.Y. Labor Official Defends 'Independent' Investigation after Union Linked to Papa John's Case

8 WAYS TO ENERGIZE YOUR NEXT MEETING

New Facebook Rules Will Hurt Entreprenuers

Item 19 Disclosure Should Include Useful Information

Archives
Industry Information

Legal

Management

Marketing

Miscellaneous

News

Sales

 

Privacy | Disclaimer | Article Submission Guidelines

FranchiseKnowHow
PO Box 714
Stony Brook, NY 11790
631-246-5782
franchiseknowhow@gmail.com