10 Franchises Poised for Growth
by Ed Teixeira
We reviewed franchise concepts in two of the fastest growing industry
segments, home healthcare and personal fitness. Using specific indicators we
came up with ten franchises that met our guidelines. Read this article to see
the franchises that made the list and to learn how they were chosen.
When looking for industries that offer the best opportunity for future
growth, the same businesses appear, whether it’s from the Bureau of Labor
Statistics, Department of Commerce, franchise industry experts or independent
business websites. Invariably, home healthcare and personal fitness businesses
are at or near the top of these lists.
Since there are a number of franchise companies that operate within these
business sectors we wanted to identify those that met certain standards. If you
have an interest in any of the franchises be sure to thoroughly investigate each
franchise and perform your necessary due diligence. We are not recommending any
particular franchise but rather are indicating those that have certain positive
characteristics.
In selecting the 10 franchises poised for growth we used the following
requirements:
- The franchise has shown increases in new franchise growth
for 3 consecutive years
- Each franchisor offers some form of financing
- Investment requirements for each franchise appeals to small
and large investors
- The franchise fits into the home healthcare or personal
fitness niche
- The franchise has been in business at least 7 years
The 10 franchises that met these requirements are:
Home Healthcare
- Home Instead
- Right at Home
- Senior Helpers
- ComForcare
- Home Care Assistance
Personal Fitness
- Gold's Gym
- Fitness Together
- Snap Fitness
- Anytime Fitness
- Planet Fitness
We hope you’ll find this list useful. You can use these guidelines to compare
franchises in other industries. All of this information is available from the
Franchise Disclosure Document for a specific franchisor. Finally, remember that
the best source for evaluating a franchise program is to speak with existing
franchisees.
Ed Teixeira is the President of FranchiseKnowHow, LLC. He can be reached at
franchiseknowhow@gmail.com
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