Which Industries are Most Likely to Franchise? The Top Franchise Industries
Discover Key Sectors Known for Franchising — Including the Window Film Industry
Franchises are becoming an increasingly popular option for entrepreneurs looking to build a business; according to Statista, there are an estimated 806,270 franchise establishments in the United States, with that number expected to only continue to skyrocket. Why are these numbers rising? Are there specific industries that are driving this immense growth?
The answer is, of course, yes. Read on to learn which industries are most likely to franchise, alongside the most notable trends driving this industry growth.
Which Industries are Most Likely to Franchise?
Potential franchisees can find franchise opportunities across any industry imaginable; some industries, however, are simply more prone to franchising. These are just a few of the most common, each of which extend notable franchise opportunities in mixed shapes and sizes.
Food Service
The food service industry takes up an immense amount of real estate within the franchise market. In fact, 2 of the most popular searched questions are ‘what is the cheapest fast food franchise to start‘ and ‘what is the cost of five guys franchise’. Statista found an estimated domestic 33,174 full service restaurant franchise establishments in 2023, alongside a staffering 192,057 franchised fast food establishments. Food service also encompasses some of the most famous franchises in the world, including McDonald’s — bringing in 119 billion U.S. dollars in sales in 2022.
Due to the highly volatile nature of food service, franchising within this industry can be incredibly beneficial for both franchisee and franchisor — leading to its prevalence as a top choice for franchising. Franchisees can leverage established, successful restaurant business models to streamline their success as a restauranteur; franchisors, meanwhile, get to expand their brand at a lower risk.
Hospitality
Similar to food service, the hospitality industry is also synonymous with franchising, and for good reason: according to Global Market Insights, hotel franchise market size at USD 36.7 billion in 2023, anticipated to reach USD 71.9 billion by 2032. Consumers seek hotel brand names they can trust, and diverse franchising within this industry delivers experiences to cater to all customers.
While midscale and upper-midscale hotels encompass the majority of hotel franchise locations, franchisees and franchisors alike have found success within luxury, upper-upscale, upscale, and economy hotel franchises as well. This industry is also set for significant growth due to the rise of bleisure travelers, Gen Z vacationers, and whole family excursions.
Home Services & Cleaning
Due in part to the shape of today’s real estate market, the home services & cleaning industry represents another vestige of franchise potential. According to Verified Market Research, the US Home Service Market exhibits steady growth, driven by factors including higher levels of urbanization, larger populations of homeowners, and growing disposable incomes,
Home services & cleaning franchises encompass a vast umbrella of services, making this industry a great choice for professionals with disparate skill sets. Categories of franchises within this industry include:
- Home Repairs & Maintenance Franchises: Electricians, plumbers, HVAC specialists, and repairmen for heating/central air conditioning.
- Home Cleaning Franchises: Maid services, pet odor and stain removal, junk removal, and deep cleaning.
- Home Improvement Franchises: Home construction, interior design, and window film installers.
Many of these sub-categories represent booming industries by themselves. Take the burgeoning window film industry — boasting a U.S. window & film market size of $2.8 billion in 2021, expected to grow at a compound rate of 4.1% from 2024 to 2030.
Three Notable Franchise Industry Trends
Whatever the type of franchise, long-term business success is tied directly to understanding the unique trends dictating the current franchise landscape. These three trends are becoming incredibly important across industries, essential to franchises from fast food restaurants to window film installers.
Nontraditional Franchise Initiatives
When thinking about franchises, many people picture the golden arches of McDonalds or any number of giant signs demarking a hotel property. But what about a McDonalds in an office building, or a Marriott in an airport? Are these franchises the same as the ones taking the forms we’ve come to expect?
These locations are known as nontraditional franchises — franchise locations that offer a franchise’s typical goods and services in a format that differs from standard franchise practice. Typically smaller than a traditional franchise, nontraditional franchises leverage advantages such as opening in existing locations, shared equipment, and easier management to work as an appealing option for potential franchisees.
Remote Work & Mobile Franchising
What’s more “nontraditional” than opening a franchise location in a mall or airport? How about opening a franchise without a physical location at all. Many modern franchisees offer substantial work-from-home opportunities — running a franchise business without any singular brick and mortar location.
Remote franchises afford immense benefits for varied types of potential franchisees, including:
- Dynamic work hours & availability
- Opportunities for specific demographics
- Elimination of property fees
- Fast, efficient business launch
Plus, many work-from-home franchises — such as CoolVu — still offer comprehensive training & franchisor support; even while remote, franchisees leverage an intuitive support network to stay ahead of the business curve.
Diversity and Inclusion Initiatives
Franchises have been, and continue to be, at the forefront of diversity within the workplace. According to the International Franchise Association, 30.8 percent of franchises were owned by minorities, opposed to only 18.8 percent of non-franchised businesses. Diversity, of course, extends beyond race — inclusion within franchise ownership can take forms as diverse as the groups they’re targeting.
Here at CoolVu, we offer distinct franchise opportunities for several groups — including veterans, first responders, women, and minorities. By minimizing fees, these demographics face a substantially lower barrier to franchise-ownership. Plus, with notable opportunities for in-house financing, all CoolVu franchisees have multiple, flexible options for developing their business.
Franchise Within the Window Film Industry With CoolVu
There’s a reason window film franchises represent a massive chunk of current franchise growth; not only is the window film industry booming, but franchisors like CoolVu are leading franchisors in trends such as remote work and inclusion. For future franchisees, the advantages of working with CoolVu are immense. Contact us today and learn how you can join our national network of franchisees.
