Every year brings its trends and fashions and the franchise
industry also follows suit, with a changing array of 'hot'
franchises and top bets for potential franchisees. As expected,
this list of popular franchises mirrors what's happening in the
economy as a whole, with new opportunities always emerging and
other industries fading away over time. So what are the top
ten franchise industries that have been tipped for popularity in
- The hotel industry is doing surprisingly well
given the struggling nature of the wider economy. And yet perhaps
this isn't a surprise, as people still need to travel for business,
holiday at home and take advantage of trips abroad, often under
their own steam rather than via package holidays. So the hotel
franchise industry is set to remain strong.
- The food franchise industry is set to
remain strong, with waffles, burgers and American classics in
general remaining hugely popular.
- For those who can't resist frozen yoghurt, a
franchise in this industry may or may not be a great thing - good
for the pocket, less for the waistline! These franchises suffered a
dip in the past year or two, but are rising once again as customers
seek low-cost treats to cheer themselves up during yet another grey
- Convenience stores continue to grow in demand
because people want ever faster service and food on the go. This
makes it convenient that fitness gyms are also a huge growth
franchise industry, with a range of offers and options available
from the 'no frills' to the over-50s.
- With an ageing population, it's not surprising that
health services for seniors are another boom area
and the franchises within this sector are experience a continuing
growth in demand.
- Mobile franchises are also another boom
area - think plumbing, lawn care, pet care, home repairs and
hairdressing. These are really taking off and allow franchisees to
buy into a proven business system at a low cost and without needing
to buy or maintain a traditional high-street store front.
- The coffee franchise industry
is seemingly unstoppable as our mania for caffeine continues and
the big-name franchises in this sector are some of the largest in
the industry as a whole.
- In the B2B market, the business-coaching industry
continues to go from strength to strength with mentoring, advisory
boards, peer consulting, business consulting and brokerage
- And finally, the environmental sector is a
fantastic growth opportunity for franchises, with everything from
carbon-management consulting to group buying of green products
This is the top ten, but which sector are you interested in?
Don't forget to do your research carefully before following a trend
through blind enthusiasm. Make your enquiries, read the prospect
packs carefully and attend the expos to ask plenty of questions and
find out everything there is to know about your franchise of
Although these are the top ten trends in the franchise industry,
there are literally hundreds of different franchises to choose from
and what's right for you may not be right for another person. So
spend time researching and have fun doing so - it's the first step
towards a rewarding future as your own boss!