Hot Franchise Trends for 2022
Summer 2022 has brought record highs across the country — but that’s not the only thing heating up this season.
The franchise market has continued to experience highs with more and more people turning to business ownership for their future’s security. As we move into another booming quarter, we’re seeing several trends in franchised businesses pop up or stay steady. Most of these are consistently tried and true concepts that have continued to boom.
Education and Development
For starters, kid-centric concepts never seem to waver in popularity nor need. There are over 73 million children in the U.S., so there’s no wonder they make excellent business opportunities. These can range from athletic instruction to playscapes to traditional daycares. Kula’s Children Center, a unique child care center where children can engage in learning through a holistic approach that includes the mind, body, and spirit, is one such concept. The model showcases state and federal programs and transportation options, plus focused educational programs for infants up to 13 years of age. This particular concept gives its franchisees multi-streams of revenue.
It’s not just children who are benefiting from new brands hitting the market. Area Scouts is an athletic training program also seeing growth that caters to a wide age range. Keep in mind that the sports industry valued at over $600 billion globally alluding to the very inherent viability existent within athletic development and sports education concepts.
The U.S. is home to around 141.5 million residences. Franchised home service concepts continue to thrive thanks to the ever-growing need for upkeep, new construction, remodeling, landscaping, and more. A couple of factors affect this trend, such as the millennial generation now engaging in home buying. According to Angi.com, the total addressable market for home services is now $595 billion, with households completing around 728.3 million projects per year.
People are seeking to upgrade or make their homes a perfect reflection of their families. Fame Hardwood, a California-based luxury hardwoods company, offers a franchise opportunity that is flexible and caters to those who are seeking to upgrade their homes to stay long term or to up the price tag on their house within a still-steady real estate climate. Another type of home services concept that we don’t see on the back burner any time soon is cleaning and sanitizing services. Using state-of-the-art tech-driven steam washers to detail cars and to sanitize homes and businesses is Cleanable. This Virginia-based concept gives franchise owners an easy sale due to incredibly affordable, high-demand packages, highly skilled employees, and a platform through which it’s easy to schedule appointments. Another notable feature of this concept is that they are completely chemical-free, using only cleaning products that are registered with the Environmental Protection Agency (EPA) and are environmentally sustainable.
With covid-19 taking a backseat in the news, people are opening their eyes to a fresh view on health. With that, there are several specialty fitness trends popping up across the country. Push Pull is a unique senior-centric fitness experience, created for people who are 55 and older that are looking to work out with low impact and to keep the focus on overall health. The senior population, which grows by the day thanks to the aging Baby Boomer generation, is craving new ways to stay active and to ward off aging. This concept comes complete with recurring monthly membership revenue, low staffing needs, easy-to-follow procedures, and established vendor relationships. It utilizes senior-friendly Keiser pneumatic resistance equipment, easy-to-learn 20 minute circuit sessions, and recumbent steppers.
Another type of specialty fitness concept is BodyBarre Fitness. This one focuses on personal training and group classes in a womens-only setting. An added bonus to this concept is the training revenue. BodyBarre FItness offers courses for instructors, giving franchise owners not only a steady recurring monthly revenue membership stream, but a steady flow of tuition from its students. It’s not just ballet-inspired fitness that’s thriving. It’s yoga, pole dancing, cycling, swimming — you name it, there may be a niche focused concept out there.
These examples of trending franchises all have one thing in common — they give their franchisees a strong, ongoing support model, which is a vital component when it comes to value. These segments are all doing great thanks to the value we place on our children, bettering ourselves, our health, and keeping our homes in top shape. The entrepreneur revolution is here. More than ever people are ditching their less-than-appetizing day jobs for something they have passion for. We’ve helped thousands of people find the perfect business for them and guide them on the path to business ownership. Likewise, we’ve partnered with hundreds of businesses throughout the world to grow their footprint through franchising. Whatever your need, FMS Franchise will make it happen for you and with you. If you’d like to have a conversation, get in touch with us at www.fmsfranchise.com.
Chris Conner has worked in the franchise development industry for almost 20 years and helped over 600 brands franchise their brand and develop franchise distribution channels. He founded Franchise Marketing Systems in 2009, which now includes a team of 27 franchise consultants based in and Canada and supports brands around the world to grow and scale through franchise expansion. Visit www.fmsfranchise.com for more information