Entrepreneur Magazine is one of the most esteemed and trusted independent companies that monitor and “watch dog” the world of business and franchising. As with E.F. Hutton, when Entrepreneur speaks, people listen! They have just released The Hottest Industries Today, a mid-year update to the December 2019 hottest industry categories for franchise expansion in the year ahead, and added a category that saw a boost in popularity during the shutdowns: home improvement. As shelter-in-place orders had consumers spending more time in their homes, many turned to home improvement projects they finally had time to tackle. Deemed “essential businesses,” most home services and home improvement stores were able to stay open, incorporating proper social distancing and sanitation protocols, with some even pivoting to virtual consultations like Budget Blinds®, Tailored Living®, and Concrete Craft®.
If you’ve been considering becoming your own boss by starting a franchise business, choosing a franchise within one of the hottest franchise categories is a winning strategy!
These are the hottest franchise industries right now according to Entrepreneur and where all the Home Franchise Concepts (HFC) franchise brands live:
- Home Improvement (Budget Blinds, Tailored Living, Concrete Craft)
- Restoration Services (AdvantaClean)
- Fitness Businesses
What makes a franchise category hot?
The purpose of the summer update to the previous year-end’s hottest list is to call attention to franchises within those categories that are:
2) newly launched franchises
3) expanding services, such as AdvantaClean® adding new sanitization services to reduce the risk of exposure to the COVID-19 virus for homes and businesses
Business can change at the speed of life, and Entrepreneur focuses on evaluating and ranking franchise opportunities so prospective franchise owners can make informed decisions. When the franchise landscape changes, they make that information available. Between the year-end hottest categories and the mid-year update, prospective franchise buyers get a current snapshot of franchising potential every six months … from those who keep a finger on the pulse of franchising.
HFC brands: in the hottest categories and in Entrepreneur’s Franchise 500 list
When Entrepreneur Magazine released their 41st annual Franchise 500 Ranking for 2020 in January, all four HFC brands were included in this prestigious list. It’s an annual evaluation and ranking of franchise opportunities, based on fundamental factors important to prospective franchise owners to help them to make informed decisions when shopping for a franchise. The HFC brands, Budget Blinds, Tailored Living, Concrete Craft, or AdvantaClean, are well-positioned in the hottest categories and in the top 500 franchises to buy.
Entrepreneur bases the rankings on what they term the “Five Pillars of the Franchise 500” along with a copy of the company’s current Franchise Disclosure Document for a comprehensive, in-depth look at the entire franchise system. Last year, over half of the companies that applied for ranking were not included. Being in the Franchise 500 is indicative of a franchise company that continues to evolve, with a growing network that gets stronger year after year, keeping pace with the latest trends and business technologies so the individual franchise businesses stay relevant and ahead of the competition.
If you’re serious about starting a franchise business that has the real potential to take you the distance to success and financial security, you owe it to yourself to check out all that HFC’s franchise opportunities have to offer. Even in this uncertain climate surrounding coronavirus concerns, all the HFC brands are continuing with steady growth as new franchise owners come onboard every week. Established owners are staying on track with the introduction of virtual consultations in addition to the regular in-home sales model to best reach customers in the way they prefer.
Doug and Michelle Lumsden came onboard as new franchise owners with Budget Blinds during this pandemic season, believing that now is a great time to start a business with HFC. Doug shares, “The franchisees that we spoke to all said that Budget Blinds has a wonderful business model. They stated that both management and the vendors have gone out of their way to help franchisees through this difficult economic time, and that was extremely appealing to us.”
Call 1-800-420-5374 today to speak to a franchise licensing advisor, or go online to Home Franchise Concepts to learn more about franchising with HFC and see if joining our dynamic family of brands is right for you and which of our brands is the best fit.