FRANdata In The Press
There are more than 166 active franchise brands in the children’s services industry, representing more than 10,100 units across the United States.
If you want to understand the franchise industry today, this stat is a great place to start: More than half of all franchise units operating in the U.S. last year — to be exact, 53.2% of those units — were owned by multi-unit owners. That’s according to franchise research and advisory firm FRANdata.
Continuing the trend experience in years before the COVID-19 pandemic and building on the growing consumer focus on mental well-being, the health and wellness segment continues to dominate the franchise marketplace. FRANData’s most current New Concept Report, which tracks new franchise brands entering the market, showed more than 25 percent of brands that started franchising in Q3 and Q4 of 2022 were associated with offering health and wellness services.
If you’re looking to buy a franchise, you can easily drown yourself in data. Just pick up a company’s franchise disclosure document (FDD), and you’ll see granular breakdowns of every brand’s health. That’s important stuff. Look closely!
2022 has been a banner year for the International Franchise Association, and more specifically for you – our members. We have launched a number of new initiatives to better serve you and support the entire franchising community, strengthening the sector as we look to the future.
The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise.
The franchise directory established just a few years ago by the U.S. Small Business Administration may be a thing of the past in the near future.
In October the SBA announced its intention for a rule change that would eliminate the directory. Launched in 2018, the directory is a running list of franchise brands and business models that meet eligibility standards when it comes to financing.
The senior care industry is a growing market space encompassing several sectors whose primary clientele are senior citizens. This industry includes assisted living centers, adult daycare facilities, long-term care facilities, nursing homes, hospice care, and, more recently, in-home care.
A recent franchise survey from FranConnect shows that 84% of restaurant franchisors are unprepared for a potential sales downturn.