While we like to keep readers abreast of some of the most relevent news in franchsing on this blog, we also like to point you in the direction of the nation's best franchise opportunities. It's with that in mind that we'd like to pass on findings of a new report from IBISWorld which predict six franchise industries likely to boom this year.
On their website, MSNBC explains the franchsie categories most likely to boom in a year where franchising is projected to grow by 1.9%. IBISWORLD based its findings on the categories that "during the next five years, based on revenue growth, [will experience[ growth in the number of franchise establishments and those establishments’ dispersion across the U.S."
- In-Home Senior Care
- New Car Dealers
- Pharmacies and Drug Stores
- Sandwich and Sub Stores
- Gas Stations with Convenience Stores
- Supermarkets and Grocery Stores
Readers to this blog won't be surprised to see many of these franchises picked for great things. The return of automotive franchises and the rise of senior care franchises are subjects that have been covered in both of recent Franchise Direct reports. Best news of all for people considering a franchise investment: the statistics back up the sentiment that the industry is primed for big things in the near future.
“Overall, franchises are expected to continue stealing market share away from independent businesses and increasing their total economic output, which currently stands at 4.4 percent of the total private sector,” IBISWorld industry analyst Eben Jose told MSNBC.