3 Positive Aspects About the Franchise Market
The franchise market is a great place to establish your business. There is ample room to grow if you’re willing to put in the work, and what’s better than being your own boss?
Opening a Pretzelmaker franchise has the added benefit of opening the door to our pool of resources and our dedicated support team that will do everything it can to put you in the best possible position to succeed.
#1. Timing in the Franchise Market
The franchise market has never been as strong. According to Raconteur, the franchise market has grown 10 percent in the last decade with 97 percent of franchises reaching profitability. Additionally, Franchise Direct stated that franchises weren’t hit as hard as many other types of small businesses during the last recession which has helped the market to continue to thrive in changing economic times.
If you’re willing to enter the franchise market, work hard, and utilize the resources around you, then success could be in your future. The best time to open your franchise was a decade ago; the second-best time is right now.
#2. Opportunity
Pretzelmaker, and the Global Franchise Group, make entering the franchise market easy. We make it a simple process to take you from dreamer to business owner.
The franchise market, especially for quick-service restaurants (QSRs) like Pretzelmaker, is thriving. In 2015 the revenue from QSRs in the United States was $200 billion. The business grew at a rate of 3.8 percent between 2013-2018 and is projected to continue to grow in the coming years. Who wouldn’t want to be a part of that industry right now? Striking while the iron is hot will put you in a great position to make your business one that lasts.
Millennials also are taking the franchising opportunity and running with it. A creative, intelligent group, millennials are jumping at the chance to enter the franchise market and try out-of-the-box ways to build, and run, a business.
#3. Growth
The amount of money in the franchise market right now can be hard to wrap your head around. That also means that there is a chance for you to grow your own little slice of the market and work your way toward multi-unit ownership. Pretzelmaker works to make owning multiple units as easy as possible.
Opening multiple units within GFG can mean that you start with Pretzelmaker and add stores from our other brands like Marble Slab Creamery or Great American Cookies. The ways for you to grow are only limited by how many businesses you want to own and your own desire to expand.
Whether it’s learning about Pretzelmaker, the franchise market, or opening another store, you can contact us to learn everything you need and get started today.