What You Need To Know When Picking A Franchise

What Is The Hottest New Franchise?

Every Friday Terry and Ray conduct a Franchise Feedback Session where they address questions from the mail bag. The mail bag is derived from their inbox, and are normally questions from people who are looking to invest in a Franchise.

Franchise Feedback

Question of the week- What is the Hottest New Franchise?

We get these questions all the time – Everyone is always looking for the new shiny thing. However believe it or not – a bright and shiny franchise is not always the case. Contrary to popular belief – the hot shiny toy is not always the best decision. The reality is the hot Franchises depends on the market and the needs of the market – which is not always shiny and can be seen as dull and boring.

Just a few essential business can be:

  • Dry cleaning
  • Retoration
  • Construction

These business are doing tasks that others do not want to do – Time saving and little skill required. In 2020 Essential Business were highlighted given the Global Pandemic.

Photo by Gratisography: PEXELS

What Are Essential Businesses in the Franchise world

Essential businesses are ones that the public rely on in their day-to-day life. This includes banks, hospitals, supermarkets, pharmacies, gas stations, post offices, and the like. They carry supplies necessary for survival, both in the long and short-term.

These can include and are not limited to:

  • Employment staffing
  • Children’s education/tutoring
  • Medical & Weight loss
  • Building maintenance
  • Disaster restoration
  • Laundromats
  • Auto care
  • Home repair
  • Roofing
  • Pet care
  • Senior care

A Shiny Franchise isn’t always the path to success

So now that you know that shiny does not always mean it’s the best longterm decision, are you still ready to take the leap into owning your own Franchise? The possibilities are endless when you can be your own boss. To learn more about owning and operating or investing in a Franchise book a call with us and we will be happy to answer any questions.

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