With a franchise up 100% compared to last year, FranNet has identified the main areas of growth.
LOUISVILLE, Ky., October 13, 2021 / PRNewswire-PRWeb / – FranNet, the international franchise consulting firm with more than 100 consultants worldwide, has announced the top five post-pandemic industries for 2021.
After a year of rapid change and reset, 2021 is shaping up to be another unprecedented year, with franchise agreements rising 100% year over year, according to the CEO of FranNet. Jania Bailey.
âThe franchise industry is seeing a huge influx of new prospects from franchisees looking for new careers following the COVID-related layoffs,â Bailey said. “Historically, franchise sales increase when unemployment is high, and we’re seeing that increase tenfold this year.”
But not all franchise sectors are created equal – the pandemic has brought about permanent changes in the way we live and work, and some industries have emerged as the winners of these trends. With its fingers on the pulse of the franchise industry, FranNet predicts that the following sectors will continue to dominate for the remainder of the year and into the future:
1. House cleaning / restoration / maintenance
Home repair and restoration brands received a major boost during the pandemic, when homeowners’ spending on home improvements and repairs rose to nearly $ 420 billion. Now, a new study from the Remodeling Futures program of the Joint Center for Housing Studies Harvard University projects year-over-year growth in home improvement and repair spending to increase from 3.5% at the end of 2020 to 3.8% by the end of 2021. Americans spending more time than ever at home, in part thanks to remote work and online schooling, the demand for home cleaning services also continues to increase, as does awareness of the importance of cleanliness and combating germs at home.
2. Educational brands
With the 2020 school year disrupted on a larger scale than ever before, parents are now even more willing to spend on their children’s education. No one should be deprived of a childhood education due to the pandemic, and franchise opportunities like swimming schools provide parents with the opportunity to teach their children real and life skills in a safe environment. COVID-19. As students return to school, it becomes increasingly clear that the pandemic has left serious learning gaps. New federal funding for schools struggling to catch up with their students has allowed them to partner with personal learning brands to address what could become a generational education crisis if left unchecked.
3. Home care services for the elderly
The elderly home care industry has seen unprecedented growth in recent years as the baby boomer generation began to flood the market. According to the National Council on Aging, 90% of older people today say they plan to stay at home for the next five to ten years. And now, due to the pandemic, seniors and their families have even more reasons to choose home care over assisted living and nursing home models. The US home care market to reach 225 billion dollars by 2024, there has never been a better opportunity to help meet this demand, which industry experts call the âsilver tsunamiâ.
4. Business support services
Workplace services allow an organization’s workforce to work from anywhere and anytime in a protected environment. As businesses recover from the impact of COVID and reorganize their operations towards remote models, the global business support services market – which includes document preparation services, call centers, call centers, business services, collection agencies, credit bureaus and other business support services – is expected to grow at $ 521.77 billion in 2021, reaching $ 679.67 billion by 2025.
5. Home / mobile businesses
While large brick-and-mortar gyms have been hit hard by forced closings, smart store fitness franchises have innovated at lightning speed to keep customers spending on fitness. From mobile fitness franchises to online classes or outdoor activities, this industry has produced dozens of hits. Virtual personal training and teletherapy are among the seven service companies that are expected to be in high demand throughout 2021 and into the future, according to the United States Chamber of Commerce. Even when social distancing is no longer needed, Americans have become accustomed to the convenience offered by mobile concepts.
From lingering health issues, to childcare and senior care issues, to wanting more flexibility and less commute time, many workers have decided that now is the time to branch out instead. than going back to the office.
âThe pandemic has been a huge challenge for so many people, many of whom are now looking for new career opportunities,â Bailey said. âIn many ways, it was a big wake-up call for workers who found that their priorities had changed. They are ready to take charge of their careers, and this is a major opportunity for franchise brands.
FranNet is North America Most Respected Leader in Matching Individuals with Franchise Ownership Opportunities. Founded in 1987, FranNet has over 100 experienced consultants across United States, Canada and Germany. FranNet uses a proprietary profiling and consulting process to determine a unique business model based on each client’s goals, skills and interests, and has matched thousands of potential business owners with rewarding small business franchise opportunities. . Based at Louisville, Kentucky, FranNet is the only locally owned and operated franchise consulting company.
Lauren Turner, Continent, 3125263996, [email protected]