Franchising to See Stronger Growth in 2011

In my January newsletter, I highlighted the findings of the International Franchise Association Educational Foundation's 2011 edition of the annual Franchise Business Economic Outlook, prepared by PwC. If I had to highlight the report in one sentence it would be, "Franchising is poised for stronger growth in 2011."

At a high level, there are three key metrics in the report. Looking at the projected percent change from 2010 to 2011,

• The number of Franchised Establishments will increase 2.5% (compared to 0.3% last year)
• The number of jobs in Franchised Establishments will increase 2.5% (compared to 0.6% last year)
• The Economic Output of Franchised Establishments will increase 4.7% (compared to 3.4% last year)

The report looked at the three metrics across 10 franchise business lines.  Ranked by largest expected increase in Economic Output in descending order, the top 3 lines are:

• Automotive at 7.2%
• Commercial and Residential Services at 6.9%
• Personal Services (education, health, pet care at 6.5%)

So how do you use this information as an input to finding the best franchise for you? Of course we all want to be in a business that is poised for strong growth, but if the franchise doesn't fit your unique goals and requirements, then your chances of success diminish significantly. This is where Meta-Franchise Consulting can help.  Let us help you find that intersection between great franchise opportunities and your requirements.

The 2010 Fast 55

This is the 7th year that FRANdata has compiled a list of the 55 fastest growing young franchises. In order to qualify, companies cannot have been franchising for more than 5 years. Given the economy, it's not too surprising to see that 11 of the top 55 fastest growing franchises come from the Health & Fitness industry and 6 come from Maintenance Services. These industries are classically recession-resistant; people are always concerned about their health, the population is aging, and cleaning/maintenance is always needed.

You can check out the full list here. Meta-Franchise Consulting is proud to represent several companies on the list including: Roni Deutch Tax Center, BrightStar Healthcare, The Utility Company, Senior Helpers, Snap Fitness, Synergy HomeCare, Ductz, and Stratus Building Solutions.

Meta-Franchise Consulting is standing by, ready to help you figure out which franchise system is the best fit for you.