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Franchise Hot Concepts for 2009
There are several recession-resistant industries in franchising that flourish regardless of the economic condition. According to industry experts, below are the industries that do well regardless of the status of the economy:
Resale Industry
Franchises that offer resale products do extremely well even in fragile economies because there are huge profit margins, low product cost to the customer, and it provides an avenue for people to sell their used products, increasing the store’s inventory and customer-base.
Senior Care Services
Topping the list year after year, senior care remains as vibrant as ever. The elderly population is the fastest growing segment in the U.S., with the number of people over 65 will grow to 53 million by 2020. By 2010, 1 in 5 Americans will be over the age of 65.
Children’s Services
Americans will always take care of their children. Even in the worst of times, franchisees serving children’s needs continue to grow.
Business Services
Business services franchises are perfect for entrepreneurs who have been active with business services working for somebody else and now want to go out on their own.
Janitorial and Home Repair Services
It's hard to turn on the TV without finding a home improvement show. Especially in times of economic uncertainty, Americans have a tendency to “nest” and make their home their haven.
Health and Wellness
Another growing area in franchising according to Entrepreneur Magazine’s December 2008 issue is health and wellness. Health and wellness have been major concerns since the headlines of obesity took over the nation. Entrepreneur Magazine predicts the niche concepts of the fitness industry showing the healthiest growth for 2009.















