Franchise investors are clued-in people. They are not necessarily looking to purchase a well-established franchise with total market saturation. The true breakthrough potential often lies in that blue-chip, up-and-coming franchise.
But how does one spot the next great franchise brands? There is a lot of competition out there. Thankfully, the website The Street has profiled seven franchises likely to boom in the coming years. The list includes Guier Fence, Medi-Weightloss Clinics, We Do Lines, Elevation Burger, Dogtopia, Fibrenew and Firestorm. These are interestingly-named, innovative franchises that either bring a fresh approach to a crowded franchise field or, as in the case of We Do Lines, invent a brand-new sector of franchising.
This story features very thorough reporting on each franchise brand, as well as an explanation as to what makes these franchises stand out from the rest of the pack. "Being recession-proof helps, of course, an example being that in any economy there will be demand for someone to install fencing. Being necessary but not necessarily glamorous is another common trait of growing franchises, like a business that paints the stripes on parking lots. "
No franchise investment is a guaranteed success but these businesses that have been marked for bigger things. They're clearly doing something right.