When looking for industries that offer the best opportunity for future growth, the same businesses appear, whether it’s from the Bureau of Labor Statistics, Department of Commerce, franchise industry experts or independent business websites. Invariably, home healthcare and personal fitness businesses are at or near the top of these lists.
Since there are a number of franchise companies that operate within these business sectors we wanted to identify those that met certain standards. If you have an interest in any of the franchises be sure to thoroughly investigate each franchise and perform your necessary due diligence. We are not recommending any particular franchise but rather are indicating those that have certain positive characteristics.
In selecting the Ten Franchises poised for growth we used the following requirements:
· The franchise has shown increases in new franchise growth for 3 consecutive years
· Each franchisor offers some form of financing
· Investment requirements for each franchise appeals to small and large investors
· The franchise fits into the home healthcare or personal fitness niche
· The franchise has been in business at least 7 years
The Ten Franchises that met these requirements are:
· Home Instead
· Right at Home
· Senior Helpers
· Com Forcare
· Home Care Assistance
· Golds Gym
· Fitness Together
· Snap Fitness
· Anytime Fitness
· Planet Fitness
We hope you’ll find this analysis useful. You can use these same guidelines to compare franchises in other industries. The information you’ll need to do your comparison is available from the franchisor. Finally, remember that the best source for evaluating a franchise program is to speak with existing franchisees.