Which Franchise Concepts Can Stand the Test of Time
Which Franchise Concepts Can Stand the Test of Time
Food franchises, whether fast food, restaurant style or quick service franchises have been around for a long time. Americans do have a love affair with food but trends in the food industry come and go. Casual dining establishments that offer carryout or delivery of food and catering for businesses and consumers offer several sources of revenue to increase longevity.
Pet Services franchises offering dog training, pet grooming, pet day care centers, and pet food delivery concepts will likely stand the test of time. The American Pet Association states that 63% of U.S. households own a pet we spend almost $37 million a year on them. There are more than 90.5 million cats and 73.9 million dogs in America which translates into revenues for pet service franchises. This is a trend that will continue to sustain itself.
Home health care franchise opportunities are becoming more popular these days offering a wide range of in-home services. In 1994, approximately one in eight Americans was age 65 and older and projections by the year 2030 are that one in five Americans will be a "senior citizen." From 2010 to 2030, the number of baby boomers age 65-84 will grow by an estimated 80 percent while the population age 85 and older will grow by 48 percent. In addition, between 1994 and 2020 the nation's population of 85 years and older is projected to double to 7 million, and then increase to between 19 and 27 million by 2050.
It is not a surprise that the home health care industry is booming and will likely continue to grow.
Franchise concepts that provide services to our children are growing rapidly. There are a wide array of options available in this realm. Parents love spending money on their kids which is why children’s products and services are in high demand.
Today, you can buy a franchises offering after-school classes in children's art, drama and music. There are birthday party franchises, child portrait and photography opportunities, daycare and children's opportunities and specialty math, science and even computer franchises available.
According to the U.S. government's "2007 Statistical Abstract," by 2010, the country will have more than 21 million children under five and almost 21 million more aged 5 to 9. It is safe to say child services to make our kids smarter, healthier, and happier will continue to thrive.
Lastly, specialty coffee has been around for at least 40 years. In the 1990's the number of coffeehouses doubled every two years and the coffee industry is still experiencing unprecedented growth. There's a rapidly accelerating trend from independent ownership to coffee franchise operations. Just like fast food, real estate and video, the retail specialty coffee business is shifting to chains because of their advantages in marketing, promotion and advertising, management control systems, operational experience, training programs and market reach.
Only 62% of the adult population drinks specialty coffees occasionally. Given that, and the number of high school students now drinking specialty coffee, it is no surprise that the specialty coffee industry will continue to grow.
More franchise systems are being registered every day. Only time will tell how many will find success. To be sure the opportunities provided here will likely continue on a path to unprecedented growth.
Which Franchise Concepts Can Stand the Test of Time - To learn more about this author, visit William Bradley's Website.
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In recent years, we've seen hundreds of new franchise concepts registered. Many of the concepts have a good chance of being around for a long time.
Food franchises, whether fast food, restaurant style or quick service franchises have been around for a long time. Americans do have a love affair with food but trends in the food industry come and go. Casual dining establishments that offer carryout or delivery of food and catering for businesses and consumers offer several sources of revenue to increase longevity.
Pet Services franchises offering dog training, pet grooming, pet day care centers, and pet food delivery concepts will likely stand the test of time. The American Pet Association states that 63% of U.S. households own a pet we spend almost $37 million a year on them. There are more than 90.5 million cats and 73.9 million dogs in America which translates into revenues for pet service franchises. This is a trend that will continue to sustain itself.
Home health care franchise opportunities are becoming more popular these days offering a wide range of in-home services. In 1994, approximately one in eight Americans was age 65 and older and projections by the year 2030 are that one in five Americans will be a "senior citizen." From 2010 to 2030, the number of baby boomers age 65-84 will grow by an estimated 80 percent while the population age 85 and older will grow by 48 percent. In addition, between 1994 and 2020 the nation's population of 85 years and older is projected to double to 7 million, and then increase to between 19 and 27 million by 2050.
It is not a surprise that the home health care industry is booming and will likely continue to grow.
Franchise concepts that provide services to our children are growing rapidly. There are a wide array of options available in this realm. Parents love spending money on their kids which is why children’s products and services are in high demand.
Today, you can buy a franchises offering after-school classes in children's art, drama and music. There are birthday party franchises, child portrait and photography opportunities, daycare and children's opportunities and specialty math, science and even computer franchises available.
According to the U.S. government's "2007 Statistical Abstract," by 2010, the country will have more than 21 million children under five and almost 21 million more aged 5 to 9. It is safe to say child services to make our kids smarter, healthier, and happier will continue to thrive.
Lastly, specialty coffee has been around for at least 40 years. In the 1990's the number of coffeehouses doubled every two years and the coffee industry is still experiencing unprecedented growth. There's a rapidly accelerating trend from independent ownership to coffee franchise operations. Just like fast food, real estate and video, the retail specialty coffee business is shifting to chains because of their advantages in marketing, promotion and advertising, management control systems, operational experience, training programs and market reach.
Only 62% of the adult population drinks specialty coffees occasionally. Given that, and the number of high school students now drinking specialty coffee, it is no surprise that the specialty coffee industry will continue to grow.
More franchise systems are being registered every day. Only time will tell how many will find success. To be sure the opportunities provided here will likely continue on a path to unprecedented growth.
Which Franchise Concepts Can Stand the Test of Time - To learn more about this author, visit William Bradley's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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