Ep. 19 - Top 5 Trending Franchise Segments of 2023!

In this episode, we dive into the top 5 "Trending Franchise Segments of 2023"!

 

Highlights of these trending segments include:

1. Home Services Investments

• Home-based businesses for less than $200k total investment
• A Restoration concept that has 28.5% NET margins!
• A Painting concept with proprietary technology that has AVG Gross Margins of 59%!

2. Real-Estate Investments

• Full-service vacation rental property management company
  • Recurring revenue, minimal staff, semi-passive ownership, and total investment under $160k
• Non-medical assisted living homes
  • Invest in residential property and turn a home into a boutique-style assisted living home
  • Each resident pays between $6,500 to $10,000 per month for their room
  • Total investment starts at $118K!

3. Health & Wellness Investments

• No medical experience is needed for most concepts in this segment!
• Mental Health Clinics
  • Strong recurring revenue stream, insurance-based, flexible hours, telehealth
  • Strong semi-passive business model, manage the Clinical Director.
  • Total investment between $200-$400k.
• Anti-Aging, Wellness, MedSpa's
  • Multiple revenue streams include hormone replacement therapy, IV Vitamin Infusions, Nutrition Guidance, Weight Loss, Botox, Hydrafacials, BodySculpting, Medical Grade Skin Care
  • Investment Range starts at $325k

4. Pet Industry Investments

• Globally, the pet industry will catapult to a $350B industry by 2027!
• Home-based business models
  • Include pet care, dog training, pet grooming
  • Investment start as low as $80k!
• Doggie Day Cares & Boarding Facilities
  • Outstanding Revenues for one concept include:
    • Avg. Gross Sales = $1.1M, Net Operating Profit = $342K
  • Total Investment Range:  $358k ++++

5. Food & Beverage Investments

• QSR Concepts offers more health-focused options as Consumers are increasingly seeking out nutritious “grab-and-go” dining options
  • A QSR brand that focuses on gourmet toasts, juices, etc. has AVG Gross Sales of $847,710, with an AVG NET Profit of $173k!
• Mobile Food Concepts
  • A mobile food concept that focuses on special events, has minimal staff, and little overheads have NET Profit Margins of 83.8% for owner-operators, and the total investment is under $253k!
• Breweries
  • Hot, hot, hot!  Craft brews continue to gain more and more momentum!  This is a hot industry to invest in and leverage a national supply chain for the brews.

6. This is a great episode to listen to and gain exposure to the breadth of opportunities available in the franchising industry!

 

If you are interested in learning more about any of these concepts or franchising in general, you can reach out to us at stacie@fusionfranchising.com or 319.440.0857.

 

Please give us a follow on Instagram @fusionfranchising for future episodes. 

 

Your can also view all episodes on YouTube at The Franchise Life Podcast .