It may seem like a crazy time to buy a franchise given the pandemic. In 2020, a whopping 66% of franchisors were actively trying to make sales. As much as 90% of business and residential-services franchises continued to sign on new franchisees throughout the pandemic. You must carefully consider the short- and long-term impact of COVID if you want to invest in a franchise. At FranSave, we keep our ear to the ground, and we like what we are hearing about several hot industries.
Every facet of the telework industry experienced growth during the height of the pandemic. The telehealth industry distributes healthcare information and services using technological advances. A McKinsey study found that telehealth utilization was 38 times higher even before the pandemic hit. They expect the industry to experience a $250 million shift post-pandemic.
Commercial cleaning services saw a reduction in contracts and revenue during the severe lockdowns. However, as life returns to some sort of normalcy, the need for thorough sanitization and cleaning arises. The commercial cleaning industry is expected to have an annual 6% growth and reach $74.3 million by 2022.
Courier and local delivery services saw a boom during the coronavirus pandemic. With no one allowed to leave their homes, everyone became reliant on deliveries. The courier and local delivery industry is expected to grow 4% every year through 2023. It’s widely expected that people will continue using these services.
Trust FranSave to help match you with a franchise that is a great fit with your skills, lifestyle, and ambitions. Call us on 844-476-7776 or send an email to firstname.lastname@example.org. We’re happy to answer your questions and eager to help you find the franchise of your dreams.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.