Even in the rough economic waters of the past six years, franchise businesses have fared better than other businesses in the same industries and in overall comparisons. While all businesses did see a downturn after 2008, franchises have come back stronger and faster than the average business. This growth means less risk for Franchise Owners, with a higher return on investment. This upward trend will also mean more people entering the franchising model, making it a great time to get started with a new Retreat.
Franchise Growth Over Other Businesses
One of the main gauges of economic growth is employment, with more jobs equating to more sales and higher ROI. According to research released by the International Franchise Association (IFA) Educational Foundation, employment growth in franchises has been stronger than the rest of the business sector over the last several years and is expected to continue to grow. Some figures from the research include:
- Since 2007, franchises have consistently had a higher employment rate than all other businesses combined.
- Even in the lowest economic period in 2008-2009, franchises had a slower decline in employment, with employment 2.5% higher than other businesses.
- Growth in 2014 is on pace to add 200,000 new jobs in the franchise sector, outpacing other businesses by 0.3%.
What Continued Growth Means for Franchisees
This trend in employment growth fares well for those who currently own or are considering buying a new franchise. This is an excellent barometer of the economic climate for franchising, showing that the market is stable and growing. The IFA research also pointed to the growth in the number of franchise establishments in 2014, with an expected 12,915 new franchises, a 1.7% increase compared to a 1.3% increase in 2013.
For anyone considering investing in a franchise, now is the time to jump on board. These trends show that the timing is right to invest in an area of business that has documented growth and stability. It makes financial sense to invest in businesses with a proven track record, especially in a rocky economy.
Massage Heights Offers Franchise Opportunities in a Growing Industry
While franchises are showing growth overall, so is the massage industry. With over $10 billion in sales in 2013, these numbers are only expected to grow as massage becomes more mainstream. Massage Heights body + face franchises are positioned to capitalize on this growth with an excellent membership model and the additional massage or facial services and products added to generate higher revenues and profits. Paired with the economic success of franchise growth in the marketplace, this is a golden opportunity. In addition, the company was ranked 33rd Top Franchise To Own in 2013 by Franchise Business Review, ranked 259 in Entrepreneur magazine's Franchise 500 list for 2014, in Franchise Times' Next 300 list for 2013, cited in USA Today's Top Franchise for Minorities for 2013, and recognized in Franchise Times as one of the smartest-growing companies in franchising for 2014.
If you have been looking for a franchise opportunity in an exciting industry geared toward health and well-being, a Massage Heights franchise may be the right choice for you. With a profitable, established business model in a growing industry, it is the right time to become the next Massage Heights Franchise Owner. Learn more about how to get involved.