As we know well by know, any kind of business out there can be franchised. It doesn't take long for a new kind of business to spread like wildfire and become a national sensation. Just think - there was a time 30 years ago, when you couldn't find frozen yogurt anywhere. Because of this, many entrepreneurs are anxious to know what the next franchise categories of tomorrow will be.
Here at Franchise Direct, we're getting a sense of the next generation of franchised businesses. By and large, they're similar to the ones profiled by the Colorado Springs Gazette in a recent story on up-and-coming franchise industries. Among the various new franchises discussed are franchises that use scientific intelligence to test blood and other lab samples.
These franchises can vary from businesses that test individuals and company employees for drugs like Conspire, as well as franchises like Any Lab Test Now that perform lab tests. As the Gazette explains: "With so many people losing their insurance coverage or switching to high-deductible policies, the retail environment and pricing at Any Lab Test Now saves people a lot of money over conventional lab work".
Drug testing franchises come with an initial investment of around $100,000.
“$100,000 isn’t a big investment when you’re buying a business,” said Lynette Crow, Conspire franchisee. “We’re a low-risk concept and we’re need-driven.”
Entrepreneurs looking out for their next exciting investment - especially those with a background in science - might be interested to learn about the huge growth in drug-testing franchises.