Trending Franchises – What’s Hot in 2020
Are you considering purchasing and owning a franchise business yourself? Which franchises are best suited for your budget and skill set? Which franchises are the safest bet?
Buying a franchise can be a viable alternative to starting your own business from scratch.
Franchises offer people wishing to start their own business the independence of small business ownership supported by the benefits of a big business network. A franchise business often has an established reputation and image, proven management and work practices, access to national advertising and ongoing support.
In a franchise business, the franchisor provides a secure way of operating a business model, in return for ongoing payment of fees and/or purchases.
The team at Business Franchise magazine have been covering the franchise industry for more than 35 years, and we’ve made some predictions on the franchises and franchise categories that we think will be trending in 2020.
Franchises that deliver
Ecommerce is booming worldwide and, in Australia, there’s no exception. According to Statista, Australia is currently the 10th largest eCommerce market in the world by revenue. Ecommerce in Australia will continue to grow, and the market size will be approximately A$35.2 billion by 2021.
Thanks to Australia’s love of online shopping, courier delivery services are already seeing extraordinary growth, so it’s no surprise we’re expecting to see the delivery of parcels and freight one of the top growth industries of the next decade.
Pack & Send is Australia’s most recognised parcel courier, freight delivery and fulfilment reseller. Having been established for over 26 years, Pack & Send, consolidate the services of the world’s top parcel and freight carriers into a single access point under their brand.
A Pack & Send franchise is a very affordable investment with a low entry price compared to other retail franchise systems. The franchise system also has a Gateway Franchise Program – that assists people in getting into the business who are outstanding candidates but have insufficient equity.
Home help franchises
An ageing population and relatively low start-up costs are fuelling the growth of the home-care sector in Australia. Changes to home care packages that were introduced in Australia in 2017 mean consumers are free to choose their own care provider, previously, there was no option for consumers to choose their own care provider. As many businesses around the world face challenging times ahead with the COVID-19 crisis, more and more families will be looking to find in home support options for their loved ones.
Home Caring is an Australian home care business dedicated to providing high quality, compassionate and trustworthy care and support services to their clients. Launched in 2015 with a vision of delivering exceptional at-home care, Home Caring believes everyone should have access to a caregiver of their choice, control over their daily schedule, and specialised care services to support their individual needs.
With a growing majority of Australians wanting to live independently in their own homes, and the pressure on the health care system during the COVID-19 crisis, the demand for in-home care is skyrocketing.
Children’s products and services
The demand for children’s activities is not showing any signs of slowing down as more and more products and services are added to the sector. From baby sign language programs to maths classes, swim schools and arts and crafts, to sports activities, you can now find a franchise accommodating almost every area of children’s learning and development and extracurricular activities.
Children’s services franchises tend to be low cost both in terms of the initial purchase price and ongoing running costs and as a result, low risk. Many of the programs don’t involve the purchase or ongoing rent of premises and are usually designed to be owner operator franchises. This makes for an attractive franchise business proposition for someone looking for a flexible business that they can grow and manage around their family.
With more than fifteen years of experience, Tutor Doctor have a proven record in tutoring students of all ages. Tutor Doctor is the largest one-to-one in home tutoring organisation globally with a comprehensive and personalised service setting it apart in the marketplace. All tutors are screened, interviewed and have completed a mandatory “working with children check”.
Tutor Doctor expects the private tutoring industry will surpass $128 billion by 2020 and offer their franchisees a low overhead with high earning potential. They offer a strong supportive global network of franchisees with extensive training, mentoring and friendship who are ultimately making a difference in the lives of children and their families.
We think that because the children’s products and services sector is a highly competitive market, franchisors will need to be innovative and creative in the activities and programs they offer children and toddlers and Tutor Doctor are at the forefront.
There’s a growing movement in franchising towards environmentally friendly businesses. Eco-friendly or eco-safe franchises are a newer category but are fast becoming popular with societies growing concern for the environment and our health.
Franchises in this category can include, solar-powered products, cleaning with eco-friendly materials or performing energy audits, removing junk or recycling clothing and environmentally friendly lawn care, pest removal and home renovation franchises.
SuperGreen Solutions is a one-stop shop for eco-friendly and eco-safe products for the home and business. Their philosophy of ‘reduce before we produce’ enables SuperGreen to reduce consumption and CO2 emissions and increase efficiency and savings through their ability to bundle several products and solutions.
At Business Franchise magazine we all agree that energy and energy efficient products are leading growth industries world-wide. And growing rapidly.
SuperGreen’s products rank in 6 of the Top 20 Future Growth Industries to be in, solar power, energy storage, green building, wind power, electric vehicles and charging, and home automation.
With your shop floor being as big as the territory you’re offered; a mobile franchise enables you to be free from paying rental on a shop location. A mobile franchise also allows you to deliver the ultimate in convenience while keeping your overheads low. We think that great flexibility, low overheads and convenience will see the mobile franchise sector boom in the current climate and in the next few years.
Ecomist Australia is a leading provider of premium quality hygiene products and services, specialising in odour control and insect control. There could not be a better time to become a franchisee with Ecomist. Each Ecomist franchise has its own exclusive territory based on post codes, best-in-class products and services, an initial term of five plus five years and a loyal customer base. The business is set up to be owner operated, small to medium sized franchises, which do not need additional employees.
It’s important to remember that our franchises in trending categories are not intended as a recommendation of any particular one franchise. Always do your homework before you make any decisions, by reading the franchisor’s legal documents, consulting with a specialist franchise lawyer or advisor, meeting with your accountant, and talking to existing and former franchisees.