6 Franchise Industries with Promising Outlooks
Franchising is growing in popularity and so are these six IBISWorld industriesBy IBISWorld Industry Analyst Eben Jose With national brand recognition and an aggressive business strategy, franchises have become particularly popular – and could soon replace many independent retailers – because they are able to offer low prices through economies of scale. The economic downturn made many prospective business owners wary of opening an independent business; instead, they are turning to proven business models that come with a complete business strategy and a recognizable brand. Before the