It’s a new year, with new ideas and new perspectives. Franchises in 2020 are popping up all over and they’re showing up in a wide variety to boot. From food to fitness, to family, this is going to be a bustling year for businesses. If you are interested in the freshest franchise trends for the new year, keep reading.
In the world of food, there are a number of trending categories that will be exciting to entrepreneurs. Chaps Pit Beef has been making major waves in the world of BBQ, and with a ringing endorsement from Food Network star Guy Fieri, they’ll be riding those waves to success forthwith! BBQ is huge, almost no matter where you go in America, which makes it a great money-making opportunity.
There are also exciting ventures in the realm of fast-casual dining. Zac’s Burger’s was just voted the best burger in Delaware, which makes it a prime choice for anyone in the Northeast region of the U.S. It’s fresh ingredients and friendly atmosphere make it a fantastic choice for consumers as well.
If your market is a little farther south, you might want to look into a Tony Luke’s franchise. If you’ve had an authentic cheesesteak before, you know how important it is to get a good one right. Tony Luke’s does them right and with over a dozen locations throughout the mid-Northeast and growing, they’ll be doing them right for a nice long time.
In the only slightly less fun world of health foods, there are at least two franchise trends to watch for in 2020. First, take a look at a joint called Clean Eats and notice its menu full of actually tasty food that you’d want to eat that is also good for you. Then notice it’s low investment costs and small space requirements and you’ll quickly see why it’s the hottest new kid on the block.
Another up and comer in health food is B.Good, which has a focus on pure, simple, and locally grown ingredients. They also have a season rotating menu that provides a quarterly variety not seen in a lot of fast-casual restaurants.
As we edge out foodstuffs, let’s take a look at one of the franchise trends that never seems to be on the downtick, coffee. Plenty of us have thought about owning a coffee shop in our community, but the trouble with coffee is that to make a profit, you need to sell in high volume as well as have a lot of additional product add-ons like sandwiches and donuts.
A good way to head off this issue is to go drive-thru. This lowers your investment cost and has a really low retail square footage requirement. It also ensures a high volume of customers, while also allowing for some of those add-ons. A great choice for a Drive-Thru coffee franchise in 2020 is Scooter’s Coffee. With locations all over the mid-west and a built-in customer base, you’d be hard-pressed to find a better choice.
If you’re not as interested in a coffee franchise, but you still want to own and run a coffee shop in your community, check this out. You could own outright and have complete creative and management control over your business, and not pay franchise fees, but you have to do it in your own community. Still interested? Good, check this out.
Food isn’t all there is to be had in 2020 though. Current franchise trends show an increase in fitness and it not as hum-drum as simply owns a gym. Micro-niching in fitness is becoming more and more popular, with a focus on specific types of exercise and locale.
Red Effect offers intense, strength-building workouts that are led by instructors, but the real interest here is the conditions under which these workouts take place. Their gyms offer their services under full-spectrum infrared lighting!
Mayweather Boxing and Fitness is a serious brand with an even more serious experience. Customers undergo a regimen of training that is akin to what the famous boxer might have endured during his career. This workout has members burning over 1000 calories at a time!
Last but certainly not least in the fitness category is Myfit18 that’s main enticement is for investors. The draw? A nearly non-employee based franchise. Members sign up via app and then use the same app to gain access to the gym. The only hires are there a few times a week to clean up, and those could be done through contracting, making the whole endeavor much cheaper.
Another interesting option for franchises in 2020 and one that franchise trends show is on the increase, is senior care. According to the U.S. Census Bureau, the number of citizens over the age of 65 is expected to nearly double over the course of the next 40 years. What this means is that as they grow older, an increasing number of the population will want to live at home.
This is where companies like Brightstar Care, come in. They do their best to meet the personal and medical needs of their clients with a full battery of services. They also rank at number 184 on Entrepreneur Magazine’s Franchise 500 list.
Another great company for senior care, currently at the highest revenue stream of those in this category, is Home Instead Senior Care. They offer in-home care 24 hours a day, 365 days a year to help meet the needs of their clients’ schedules. They have a special niche as well, focusing on providing care to those with specific conditions, like, diabetes, dementia, arthritis, Parkinson’s, depression, Alzheimer’s and others.
Well, hopefully, you found all of that informative and helpful. As it shows above, franchise trends are showing a sharp increase in interesting, exciting and lucrative ventures in the New Year. There is going to be a wide variety of money-making opportunities with franchises in 2020. Make sure that you’re amongst those that take advantage of those opportunities when they present themselves.