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If you're looking for the best of the best or are simply curious about what franchises are leading the pack right now, check out the following top North American franchise industries.
Fitness is on Fire
Gyms and health spas are on the cusp of the renewed consumer interest in fitness in the U.S. With more and more convenience-based gyms entering the franchise field, including those with 24-hour access to entice customers who are always on the go, there are some great opportunities available to fitness-minded franchisees right now.
Hospitality is Hot
Between 2013 and 2014, revenue in the US hotel industry rose from $163 billion dollars to just over $176 billion dollars, and the trend is expected to continue. Travel in general continues to be a popular pastime both in the US and overseas, so strong brands in the franchise hotel market are doing incredibly well currently. Some of the top performers in the hotel industry are the chains that offer a mix of accommodations, from affordable to luxury, rather than only one type.
Finer Fast Food
The fast food industry generates over $190 billion dollars in the US annually, and has consistently been a reliable industry choice for franchisees. An emerging trend toward healthier, better tasting food on the go has hit the fast food segment and made some niche, high-end fast food franchises rise to the top of the pack.
The Beauty Bump
The beauty market is seeing a rise in the franchise world, particularly with beauty franchises that offer affordable and/or convenient services. Expected to exceed $60 billion dollars in the US by 2016, now is the time to tap into the beauty industry if you're interested. Look for a beauty business that is bringing something new to the fold that customers can afford, as those are the hottest performers in the industry at the moment.
If you're looking for an established brand with a great track record and potential for growth, consider one of the franchises in the top industries in North America. These businesses have proven themselves to be a hot ticket, and there's nowhere to go but up.
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