Future Projections for 2010 and Beyond
Best Performing Franchises of 2009: Franchises that have an “all-in” cost below 100k are far and away doing the best. These concepts are less likely to need financing and thus are more in demand. Businesses that can be run from home and/or run as a second source of income are also doing very well. 
Vending concepts are very popular right now as well as they fit both of these profiles.
Popularity vs. Profitability: There is still a lot of interest in the food franchises, but the entry point is prohibitive for many given the credit crunch.
Growth in Baby Boomer industries: In home senior care is doing very well. They are mostly under 100k, and they have a product that many people need, not just want. There is demand for this product, and the supply (number of concepts) has increased more than any other industry that we have in the last two years. These, too, have increased their spending with us. The best example is Right at Home. HBM
By Garth Snider, President of FranchiseOpportunities. At FranchiseOpportunities Network, we identify, create, and distribute valuable information regarding franchising and small business opportunities. If you’re ready to take the next step and start a franchise business, visit www.franchiseopportunitiezs.com to explore options and resources.
Previously published in the April 2010 issue of HOME BUSINESS® Magazine, an international publication for the growing and dynamic home-based market. Available on newsstands, in bookstores and chain stores, and via subscriptions ($19.00 for 1 year, six issues). Visit www.homebusinessmag.com
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