Franchise Industries to Watch
As one of re:group’s core areas of expertise, we like to keep tabs on the franchising industry. And it’s no wonder—franchising continues to grow and, in many cases, replaces the independent small business owner. According to the International Franchise Association (#IFA), the number of franchise establishments is projected to rise by 1.9 percent this year alone.
So what sectors will fuel that growth? An obvious one is “In-Home Senior Care.” As Baby Boomers start to age and require both non-medical and medical support, entrepreneurs have taken note of the enormous opportunity that lies in serving our population’s largest generation. Industry research firm IBIS World projects a 6.3 percent growth in this sector and rapid expansion over the next five years.

Credit to Flickr’s Windsor Senior Living
Even when looking at franchise opportunities for veterans, Franchise Gator lists that two of the top 5 most popular franchises are in the senior care industry: Home Helpers and Caring Transitions.
Another industry to watch is “Dry Cleaning.” Now that dry cleaning can be done without dangerous chemicals and can be environmentally safe, it has become an attractive opportunity for prospective franchisees. P&G saw the opportunity to capitalize on this and has launched a franchise system that leverages its Tide brand as a dry cleaner. But don’t go running off to sign up just yet; I have been told that they already have plenty of potential franchisees.
Another trend I have observed is the growth of private investment groups that become multi-concept franchisees. Portfolios are built to maximize returns much like an individual investment portfolio. Economies are realized by consolidating administration, real estate transactions and management. These franchisees are seasoned business professionals with a strong track record of financial performance. I learned at the IFA convention this year that many of these groups are financially larger than the franchise concepts that they represent.
So, if you’re in the market for a franchise, keep your eyes on these growing sectors. We’ll be right beside you!

