Top Franchise Industries for 2020
These are different and challenging times in our personal lives and for sure in the way we are working now and will be in the future. Business models will have to change, some will not succeed and others will never be the same. But, there are a few Industries that will be very successful during these times and flourish moving forward. Smith Franchise Consulting currently represents over 700 excellent Franchises in approx. 40 different Industries across North America and we have taken the time to go through them all and we have selected 7 Industries that we believe are ‘right for these times’ now and have the biggest potential to flourish in the coming months and years. They are listed below:
Business Expense Reduction services
For all companies small or large, managing costs is imperative so helping companies save money will be an excellent business. We have a few excellent Franchises in this Industry that provide this service. These Franchises have proven software systems in place that can perform detailed audits on companies and show them how to reduce their costs on expensive services like Telecommunications, Waste Management, Shipping & Courier and Merchant/Credit Card processing and a few more services to be added by the end of 2020. These Franchises can train their franchisees remotely now and can even work with their clients 100% remotely right now as well which makes this a 100% legitimate Home Base business. Franchisees who follow the system have achieved high 6 figure incomes. We have a couple of great Franchises in this Industry that are home based and offer 100% virtual training.
Commercial & Office Cleaning services
There is no doubt this will be a hot Industry. Companies will be mandated by Government to have much higher cleaning regulations in place for their staff, equipment and the products being shipped out of their doors. Employees will also want to ensure that the companies they are working for meet these new higher standards. We represent a number of excellent Cleaning Franchises that will meet these demands and we have many different business models to choose from. Whether you want to own your own small Unit Cleaning Franchise with 8 -10 staff or own a Master Franchise where you would sell/manage the Unit Franchises. We can help you with both business models.
Another obvious growth Industry. Many people are currently cleaning their own homes but in the future many will want to hire professionals who can do a much better job, have better and safer cleaning products and who will clean on a more regular business. Homeowners will gladly pay for this ‘peace of mind’ that their home is clean and safe for their family. We have a number of Franchises to offer our clients in this Industry…most are home based.
This has always been a strong Industry with the aging baby boomers but unfortunately too many seniors have become vulnerable to poorly run Seniors Homes and been exposed to a high level of people traffic coming into these homes. There will be a much higher demand to keep aging parents and sick family members at home and hire professionals to come into their home to care for their family members. We have a large number of professional Franchises in this Industry that we represent.
There has always been a high demand for this Industry as companies want to reduce their overheads but provide professional training to their staff. Whether it’s sales or management training for staff or business ownership Coaching there will be a high demand for companies to have more highly skilled people employed to help them out perform the competition and stay on the cutting edge of their industry. We have a number of excellent Franchises, mostly home based, that we represent in this Industry.
Child Education & Tutoring
The schools are now shut down and we don’t know for how long. When they open up again many children will need extra help to get caught up and the best way is to have a Tutor. Whether it’s face 2 face or online Tutoring there is currently very high demand for this service. We have a number of professional Franchises that we represent in this Industry and all are home based.
Computer & Internet Consulting
This Industry has been very strong for a few years now and will continue to grow as companies out-source this service to reduce costs and stay on the cutting edge of marketing technology. Generating leads, website design and updates, brand awareness and for sure Reputation Management are important services that companies need to stay strong and profitable. We have a number of Franchises in this Industry and all are home based.