If your plans are to buy a franchise business in 2012, you’ll want to be prepared. Having an understanding and awareness of business trends will be beneficial. In this article we will outline the best franchises to own in 2012.
According to the International Franchise Association’s 2012 Franchise Business Economic Outlook, franchise businesses, in general, will show increases in number of establishments, employment and economic output. This is based upon strengthening consumer spending, since a majority of franchise businesses serve consumer markets.
The best franchises to own in 2012 will be those businesses positioned within segments that are projected for highest growth.
The top 5 segments for forecasted growth in output are:
Personal Services which include Hair Care, Senior Care, Maid Service, Child Care, Dry-cleaning, Lawn Care, Personal Fitness and Massage.
Retail Products & Services which include Consignment Shops, Telecommunications, Health Aids, Electronics and Specialty Clothing.
Real Estate which include Property Management and Managed Services.
Commercial & Residential Services which includes Janitorial, Shipping, Signs, Handyman, Restoration and Painting.
Business Services which include Expense Management, Bookkeeping, Outsourced IT, Marketing, Direct Advertising, Web Services and Event Planning.
By considering these segments, you’ll set your franchise business buying path headed in the right direction for 2012.
Also, consider enlisting the help of an expert franchise consultant.
For additional information regarding the IFA’s report, visit their site, www.franchise.org.
