According to the Buffalo News, the International Franchise Association predicted that most of the anticipated 2 percent increase in franchising this year would come from non-traditional businesses.
One alternative franchise opportunity that has recently boomed is the elder care industry. With the population of people over 65 expected to triple by 2050, many companies are taking advantage of this population growth by targeting seniors. In-home senior care services and medical equipment franchises are two franchising opportunities that have garnered a lot of attention in the past year. As opening a franchise becomes a more popular option for businesspeople without jobs, being open to new ideas and alternative franchising may become key.
The type of business isn't the only thing to think non-traditionally about: Choosing creative and unique franchise locations may also benefit a company. Places like airports, train stations and concert venues may be franchising gold mines for companies, as real estate fees can be lower and the existence of competing franchises may be minimal. For instance, a university campus might be a good alternative location for a tax return franchise, as tax returns are due at the end of the academic year.
The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!