The world of franchises is energetic and vibrant with thousands of excellent opportunities to choose from. The franchise community is ever changing with opportunities arising to suit all needs and requirements. To know more about the type of franchises that one should consider, check out this article that covers the basic franchise types.
For some general guidance all areas related to the franchise world, see Bright Hub's Franchise Advice: A Resource Guide to Franchise Businesses. To learn more about those franchise opportunites that look to offer the best potential for 2010, read on.
Senior Care: This category is not at all new, but is one that is very vital. The reason for the demand of this category is simple demographics. As per the U.S. Census Bureau, there will be a huge increase in the number of seniors in the years 2010 through 2030. By 2030, this industry is expected to be a $490 billion market. Thus, this franchise option would cater to the needs of the aging population that would soon need lots of helping hands. If one enjoys working or helping the elderly, take up this opportunity in either the medical or the non-medical (housekeeping, personal care, helping with travelling, monitoring diet, grocery shopping, meal preparation, giving company, etc.) arena. The staff would need to go through extensive training and obtain support from the franchisor. Additionally, this industry is truly recession resistant. The list of senior care franchises include such names as Absolute Best Care, Adult Day Services, Brightstar Healthcare, Comfort Keepers, Synergy Home Care, etc. For a complete list of opportunities, visit here.
Frozen Yogurt: This business includes brands like Spoon Me, Red Mango, Pinkberry, etc. The industry is forecasted to be a multi-dollar industry in the coming few years. The present $35 billion dollar industry is expected to increase to $3 billion by 2012. This is because frozen yogurt is supposed to be a healthy alternative with no or low fat. This fun and tasty product is as good as ice cream with less than half its fat. With 2/3rd of Americans being overweight or obese, healthy dessert choices are definitely here to stay. These healthy snacks have caused the industry to grow tremendously.
Pets: If you love pets, there are many franchise options available. From pet cleaning, to grooming, to accessories, to training – the array of choices is vast. Most pet owners have unconditional love for their pets and do not like to sacrifice anything for their care and happiness. The American Pet Products Manufacturers Association claims the number of pets to be 74.8 million dogs and 88.3 million cats in America alone with total pet spending of $43.4 billion in 2008 on lavish products. The list of options for this franchise opportunity includes DoodyCalls, Fetch, Dogtopia, etc.
Children: Most parents keep a large percentage of their budget set aside for the betterment of their children. This involves their fitness, education, after school tuition, extra-curricular activities, etc. Thus, why not start franchises that help children learn or polish new skills and activities? Additionally, children’s daycare remains a very important source of earning for many. A child daycare service would surely never be out of business, so why not start one? Opportunities include Guard-A-Kid, Educational Outfitters, Children of America, etc.
Event Management: Spending on entertainment was not that adversely affected, despite the recent lull in the economy. Party or event management that includes both personal and corporate packages is here to stay. Thus, if you possess creative and innovative ideas, take up an event management franchise. Popular businesses include Monkey Bars, TanWorld, Global, etc.
Continue on to the next page for the remainder of our rundown of the top franchise opportunities in 2010.