Just how resilient is franchising? Franchising is a model designed for rapid expansion. Typically, when an industry shows attractive economic and social trend appeal, you will see more franchise activity. But what about during a pandemic, when whole swathes of the economy are challenged? Which industries continued to experience franchise growth and, conversely, which shrank? […]
Franchising had an exceptional year in 2021, and 2022 looks to be another strong year of recovery. Bolstered by both the strengthening labor market and steady consumer spending, franchising is expected to continue to expand, trending upwards with the United States’ overall economic progression, but the pace of the growth in 2022 is most likely […]
As you begin to plan for 2022 and beyond, you now have another consideration. It’s been so long since we’ve had inflation concerns, it’s time to understand what that means for the economy, business, and your company’s profitability. As I noted in FRANdata’s annual economic forecast presentation at the Multi-Unit Franchising Conference in early September, […]
We’ve seen this play out many times. The economy takes a dramatic downturn and during the recovery new companies arise with products and services tailored to a more rapidly evolving market. Existing companies try to keep up, and/or their franchisors are reluctant to do the hard work to make the necessary changes. There are many […]
Whenever we undergo a dramatic economic change, there is a lot of movement of capital. In the past 10 years in franchising, we’ve seen a lot of outside investment capital (which I’ll refer to here as PE) move into brand acquisitions. Initially, and for the most part, this was done as one-off acquisitions. More recently, […]