Franchising: What’s Hot… What’s Not

July 19, 2007 by Cris | 1 Comment

Let’s Talk Franchising!:

What’s Hot in Franchising
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Item #19 Disclosures: More and more franchise companies are making earnings claims disclosures in their UFOC! It’s about time! The updated FTC rules regarding the UFOC should encourage even more franchises to make an Item #19 financial disclosure.

American Association of Franchisees and Dealers: More and more franchisees are forming associations thru the AAFD.

Blue MauMau offers a forum for open discussion and has become one of the highest traffic locations for franchising information on the web.

Franchise Trade Shows: Some years ago, as the popularity of the internet began to rise, trade shows and expos declined in popularity and foot traffic. In more recent years, franchise show attendance has bounced back strongly. And while Franchise Shows no longer generate the foot traffic they once did, trade shows and expos provide many franchisors the ability to get up close and personal with a very specific prospect in a very specific geography. See: National Franchise & Business Opportunities Shows, MFV Expositions.

Franchise Acquisitions: Service Brands, Service Master, Focus Brands, Kahala Corp, all continue to accumulate franchise brands, other companies are joining the trend.

Fresh Casual: healthy foods are here to stay, blame it on Subway’s success with Jared, Franchises serving up salads and smoothies enjoyed healthy growth last year healthy “Fresh Casual” eateries are coming on strong watch: Tossed, Robek’s, UFood, Fresh City, Salad Creations.

New Franchise Opportunities: Frandata estimates that over 500 new franchises have been created in the last 6 months.

Business consulting/staffing: Every business needs elp, and that need is keeping business consulting and staffing franchises growing. In addition to nearly double the number of business consulting franchises, there is also a new emphasis on companies offering small-business and consulting services. Keep an eye on: Express Personnel, ActionCoach, Schooley Mitchell, Snelling.

Senior-care services: As America ages, the senior-care industry is maturing beautifully. Growing 342 units in 2006, established franchises are flourishing and new ones are emerging. Keep an eye on: Comfort Keepers, Homewatch Caregivers.

Personal-care services: Baby boomers may be young at heart, but their desire to look young as well has spurred the growth of franchises offering laser, skin-care, hair care, med-spa, massage, fitness and tanning services. Keep an eye on: Image Sun, Planet Beach, SportClips, GreatClips, Fantastic Sams, Massage Envy.

Services for kids: There are many franchises that remain focused on children–and children’s education in particular. When it comes to learning programs for children, the segment increased by 850-plus units. Keep an eye on: Tutor Time, Huntington Learning Centers, Snip-Its, Fun Bus, Abrakadoodle.

What’s Not Hot in Franchising… continue reading this interesting post written by Jim Coen – Let’s Talk Franchising!.

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Comments

  • Peter Morgan on July 24th, 2007 at 6:38 am

    The UFOC really is a good idea!

    It is a shame there is so little (none!) legislation enforcing this type of thng in the UK.

    It really would help the industry and help to defeat cowboy firms and bogus ‘franchise’ opportunities.

    Regards

    Peter

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