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Recession Resistant Franchises
Written by: Doug SchadleArticle Overview: If you want to open your own franchise, you need to choose a franchise that will continue to thrive in a down economy. That is why choosing a recession-resistant business is so important. In this article, I offer my thoughts on types of franchises that will have to continue to thrive because everyone will have to continue to use them no matter what happens in the economy.
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Recession Resistant Franchises
Ok, so you want to start your own franchise. But you think to yourself, "Is it really a good idea to try to open a franchise in this economy? Everything is going downhill. Why would my business be any different?" Well, first you have to make a choice. When deciding what kind of franchise you want to get in to, you have to make the decision that makes the most sense for you. There are hundreds of franchises out there that would answer the question above by saying, "No, your business would not be any different." Those franchise opportunities are ones that you must veer away from right now. The type of franchise you need to open right now if you want to get into franchising is one that is recession resistant.
What do I mean by recession resistant? I mean a business that offers a service that everyone is going to continue using no matter what happens in the economy. Think about some examples of this: haircuts, medical care, nurseries, etc. People will have to continue using these services no matter what. You have to get a haircut or you will lose your job (that's why Great Clips, Supercuts, etc. are so useful). You have to have someone to watch your kids if you want to continue to work (all those franchises will get business because less and less people are staying home). And, you have to have a viable option for medical care in case you get sick.
As CEO of Rhino 7 Franchise Development Company, I have set up hundreds of people with franchises across the country. One of the newest ventures I've come across is called Doctors Express, the nation's first national urgent care franchise. This is one of those opportunities that you know people will still need the service in a down economy. Especially now that companies are cutting costs, many people do not have health insurance and urgent care is their best option at that point. Even if someone has health insurance, do they really want to set up a doctor's appointment for two or three weeks away, or worse, wait in an ER for hours if it is an emergency? That is why people turn to urgent care, because it is a convenient and cost-efficient option for healthcare.
These are all just a few examples. Recession resistant businesses are a solid option right now in this economy and a really good idea. With President Obama's new economic stimulus plan, there will be more money than ever for small businesses. No one wants to start one right now, so when you have an idea for a recession resistant business, you are ahead of the game. People will continue to use your services no matter what, because they don't have a choice and your business will prosper through the economic recession.
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Article Tags: appointment, care nurseries, ceo, doctors, down economy, franchise development, franchise opportunities, franchises, great clips, haircut, haircuts, health insurance, insurance, job, medical care, recession, rhino, staying home, urgent care, viable option
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About the Author: Doug Schadle RSS for Doug's articles - Visit Doug's website  Click here to visit Doug's website   Does a Lack of SelfConfidence Affect a Franchisees Success Be in Business for yourself but not by yourself Recession Resistant Franchises How Franchises can benefit from Social Media Own Your Own Franchise and never get Fired Again |
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franchisebrief.com good clean design
- I actually really like the design - it's clean and not busy. The information is easy to find.
You mentioned you didn't want to monetize from the site thru the use of adwords but what about JV'ing with all or most of the Franchises you are referring people to.
Is that possible in the Franchise industry?
Re: Franchise Support. What is it to you?
- To be honest I have never been a big believer in Franchises.
Which of them did you have the best and worst experience with, when you called in as an "interested buyer"?
Clothing Franchises
- I believe that there are quite a few franchises for larger brands such as Diesel, Lacoste and Bennetton etc... but I am not sure how these contracts work.
In New Zealand, Canada & Switzerland Clothing Franchises are for smaller designer brands & Outdoor clothing -- such as Bivouac, the great Outdoors etc
Ian
Top performing Franchise Loans
- Evan,
There are over 120 Franchises listed by the SBA with 0% Loan Failure from 10-1-00 to 9-30-05 these companies have at leat 10 loans disbursed.
A number of the companies are Hotel/Motel Franchises so I listed them separately.
Since all the ones listed have 0% loan failure I listed them descending by # of loans disbursed.
Top 20 (by # loans Disbursed) 0% SBA Loan Failure (does not include hotels/motels)
1 21425--CULVER'S FROZEN CUSTARD 85
2 66910--PRIMROSE SCHOOL (DAYCARE) 76
3 14467--CARTRIDGE WORLD STORES 54
4 68021--QUIZNO'S SUBS 41
5 06560--AUNTIE ANN'S (SOFT PRETZELS) 40
6 29912--FIREHOUSE SUBS 35
7 31154--FOOT SOLUTIONS 35
8 52707--MEDICAP PHARMACY 35
9 09802--BEN & JERRY'S ICE CREAM 33
10 67759--COMFORT SUITES 33
11 70150--RITTER'S FROZEN CUSTARD 32
12 05650--ARBY'S 31
13 65160--PLATO'S CLOSET 31
14 67417--PUMP IT UP 30
15 69149--REMAX 30
16 71456--SALAD WORKS, INC. 30
17 76282--SONIC DRIVE-IN 27
18 84725--UNION 76 OIL 27
19 17049--CHRISTIAN BROTHERS AUTOMOTIVE 26
20 78950--SUNOCO SERVICE STATION 26
Top 10 0% SBA Loan Failure Hotel/Motels
1 10275--BEST WESTERN INN 104
2 67750--COMFORT INN 98
3 38605--HOLIDAY INN EXPRESS 87
4 36680--HAMPTON INNS 57
5 53165--MICROTEL 33
6 75385--SLEEP INN MOTEL 26
7 04160--AMERIHOST INN 18
8 69134--RED ROOF INN 13
9 17230--CLARION INN & SUITES 11
10 20715--COUNTRY INN 11
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I'm on the lookout for new topics to add to my site. We just launched a Franchising section and are planning Human Resources section. Do you have any thoughts for a new section?
Here's a list of what we currently have:
Angel Investors
Branding
Bank Loans
Business Coaching
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Insurance
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Marketing
Public Relations
Sales
Small Biz Loans
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