E-Source Updates
The Entrepreneur’s Source Presents: 7 Service-Based Franchises on the Rise in 2017
The Entrepreneur’s Source Presents: 7 Service-Based Franchises on the Rise in 2017.
From Wall Street to Main Street, 2017 is off to a great start. For those considering taking a dive into franchising, there’s no better time than now. Indices, including the Dow Jones, are breaking record highs, fueled by the prospects of what’s considered a business-friendly political climate.
Coming off an impressive 2016, the International Franchise Association believes 2017 is ripe for entrepreneurs looking to make a big splash with their very own franchise business. The Franchise Business Economic Outlook for 2017 projects the franchise sector is expected to grow faster than the economy in most business lines. Consider the following key takeaways:
- The franchise sector accounted for 3% of the US private GDP in 2016 ($450 billion) and is expected to grow by another $36 billion this year.
- By the end of 2017, the IFA predicts there will be 744,437 franchise locations in the US, representing a 1.6% year over year increase.
- Franchise business growth is expected to outpace the economy at large for the 7th straight year.
And in an increasingly mobile and technological society, the appeal of affordable, “on-demand,” home-based service businesses continue to grow exponentially. With each passing year, these service-based businesses represent a larger portion of the franchise establishments in the country as they offer new owners a smaller buy-in with high upside.
Let’s check out seven of these service-based franchise companies that represent fantastic franchise ownership opportunities for alternative career seekers looking to make the jump into business ownership in 2017:
Window Genie
Window Genie is a multi-faceted home services provider specializing in window cleaning, window tinting, pressure washing, gutter cleaning and more. For the last 20 years, franchise partners have been doing the dirty work aimed at improving the look and value of your home.
Why is Window Genie poised for growth in 2017? With the housing market still in line to carry its momentum in 2017, Window Genie’s services will continue to be in demand by homeowners looking to boost their coveted curb appeal.
Five Star Painting
Five Star Painting is improving the values of homes, one quality stroke at a time. Interior or exterior, paint is one way to enhance the look and feel of your home or business. Five Star Painting covers that aspect of home improvement, as well as pressure cleaning and deck restoration.
Why is Five Star Painting poised for growth in 2017? Home prices across the country are rising. Sellers are looking to spruce up their homes to entice millennials transitioning from renters to homeowners.
College Hunks Hauling Junk & Moving
College Hunks Hauling Junk and Moving is a franchisor that deserves serious consideration from prospective suitors. As its name implies, the company cleans up your junk and/or moves your prized possessions to new homes. That includes both trash or items up for donation, to providing local and long distance moving services.
Why is College Hunks Hauling Junk & Moving poised for growth in 2017? Americans have accumulated a lot of… junk. A recent survey found nearly half of those surveyed admitted their homes were somewhat cluttered with items they no longer use. 41% of Americans reported they haven’t decluttered for over a year. Enter College Hunks Hauling Junk & Moving.
Oxi Fresh Carpet Cleaning
Oxi Fresh Carpet Cleaning certainly has a fresh approach to keeping homeowners’ carpets clean. It relies on a low moisture method. The company, established in 2006, also offers upholstery, sandless wood floor, and tile and grout cleaning. A commitment to green cleaning methods is keeping its earnings in the black.
Why is Oxi Fresh Carpet Cleaning poised for growth in 2017? Spending on household services across the nation is expected to jump nearly five percent in 2017. As the economy continues to thrive, homeowners and businesses are more willing to spend money on home cleaning services.
Aussie Pet Mobile
Aussie Pet Mobile is in the cleaning business, the pet cleaning (and grooming) business. Franchisees use a customized van to deliver tender loving care to animals. Millions of dogs and cats in America and across the world are pampered in the comfort of their own homes/driveway.
Why is Aussie Pet Mobile poised for growth in 2017? Consumer spending on services such as Aussie Pet Mobile will pick up in 2017. The IFA projects franchises targeting personal services rank first in growth of the number of establishments (2.3%) and third in employment growth (3.6%).
The Flying Locksmiths
The Flying Locksmiths is the master of the key shop domain. Attention to detail, plus the ability to blend old school ideals with new age tech, allows the company to thrive seven decades after its founding.
Why is The Flying Locksmiths poised for growth in 2017? The anticipated uptick in housing starts will continue to keep locksmiths busy. Plus, analyst predicts another year of strong automotive sales, which will lead to an increased demand for emergency automotive locksmith services.
Enviro-Master Services
Enviro-Master Services is taking hygiene to the extreme. The company provides cleaning services and products for restrooms in public settings, including businesses. One Enviro-Master goal is to prevent the spread of disease and odors while maintaining low service costs for customers.
Why is Enviro-Master Services poised for growth in 2017? Clean facilities are part of a company’s overall brand. Those companies find it more economically feasible to outsource cleaning activities, as opposed to committing valuable resources for an in-house cleaning staff. Enviro-Master certainly fills that void. One analysis projects revenues for contract cleaning services will rise 3.2% annually through 2019.
If you’d like to learn more about these seven companies and the of hundreds of other fantastic franchise partners we work with at The Entrepreneur’s Source, get started today by…
- Signing up to attend the next Start a Business Weekend virtual franchise expo hosted from May 18 – May 20 at www.startabusinessweekend.com.
- And get started on your own personal journey into franchise ownership by finding your franchise match at www.franchisematch.com.