Latest Q3 uodates to the FRANdata database shows that there are 76 new concepts profiled, with 253 executive contacts. Most new concepts this quarter originated in the USA, however there are still a few concepts coming from overseas – mostly food concepts from East Asia.
Altogether, 33 food brands and 43 nonfood and service brands started franchising in the second quarter of 2016.
Health and fitness – adding 10 new concepts in the second quarter — continues to be the fastest growing industry, after QSR (added 22 brands). Most concepts require at least 1,500-3000 square feet of space.
A few other noteworthy brands:
Two upscale hotels that allow for distinct brand identities
- Yoo Hotels
- The Unbound Collection by Hyatt
Three new senior care franchises
- Sunny Days In-Home Care
- Star Nursing
- Trusted Homecare Seniors