While in recent times the economy has been slow at best, there has still been success in some verticals. For companies that have franchise opportunities, a bear economy can hurt. With less money coming in, fewer people are willing to take on the risk of becoming a franchise owner. There are examples, however, of franchises that have not only expanded in recent years, but have done very well. They range across different markets, and each has a unique selling point to potential investors.
One profitable franchise in recent times is Subway. The well-known sandwich chain proved to be recession proof, and had a large amount of growth. Healthy food trends have been a boost to business, and with a relatively low franchise fee (compared with other big brand food establishments), investors saw Subway as a good opportunity. With real estate prices going down, prime locations became available and investors took their chance.
Another successful franchise was Synergy HomeCare, which is an in-home health company for the sick. While some may assume these franchises only focus on the elderly, a growing demographic, it is not the case. Synergy HomeCare looks after patrons of all ages. Franchise owners also receive webinars and training stay on top of changes in health technology. Since 2006, franchise growth has increased 950%.
Signal 88 Security is a specialized company that offers monitoring, emergency response and foot patrols, among other services. Most of the employees are military veterans or other security work. These franchises are primarily expanding in large cities.
While residential lawn care providers usually lose business in hard economic times. Commercial providers, such as U.S. Lawns, on the other hand, have grown, primarily because of their client base. With businesses and government buildings see lawn care as a business expense, and not a superfluous venture.
Being healthy is the new craze in the United States, and it should be, with alarming numbers of obesity growing. One company is devoted to stopping this trend, and creates fitness programs for children. JumpBunch believes that by stopping obesity in youth, it can circumvent this issue at an early point in life.
A commercial cleaning chain, Jani-King, has had recent success. This Texas based company offers janitorial services for a wide range of businesses including manufactures, restaurants and events. As stated before, many businesses consider services such as this a necessary expense, so franchises have had opportunity in a slow economy, with the potential of a boost when the wheel starts turning again.
These are just a few franchises that have done very well in recent years. As with any business opportunity, investors should do their homework before jumping into a new venture.