Recession Proof Franchises: 4 Reasons to Buy a Cleaning, Repair & Restoration Franchise

Recession Proof Franchises

In 2008, the recession offered a painful, but important lesson for those looking to buy a franchise or start their own business: some industries are more recession-resilient than others.

While it’s impossible to say any industry is 100% recession proof, many industries continued to do well and even thrive during the economic slowdown.

The recession showed us something else, too: people turn to franchising in times where the economy is strained or could likely become strained. Why? People want more control of their future with a business that comes with proven systems and support.

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5 Checklist Items for the First-Time Franchise Buyer

Checklist items for first time franchisees

Today, one out of every 12 companies has a franchise business model for entrepreneurs to invest in. Franchising has been growing steadily for years, thanks in part to more opportunities and an increasingly attractive path to business ownership.

With training, systems, and support already baked into the franchise package, it’s easy to see why new business owners are turning to franchisors rather than going it alone. Still, despite the success among franchisees, the process of actually buying a franchise isn’t something most first-time buyers are familiar with.

To help buyers through this, The Federal Trade Commission (FTC) has an excellent guide to buying a franchise you can find here. As a supplement, we’ve created our own step-by-step guide here. We suggest checking both of these resources out first and then using the checklist below to make sure you’re covering the important points throughout the process.

Get real-life advice for buying a franchise from those who’ve done it themselves. Grab our free guide: What it’s Like to be a Groutsmith: a Q&A with 8 franchise owners.


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Starting a Handyman Business: Buy a Franchise or Start from Scratch?

Starting a Handyman Business

Handyman businesses are in high demand. Homeowners have less and less time to take care of home improvement work themselves, so more and more, they’re hiring professionals to do it for them. If you’re thinking about entering the market, this is the time.

The proof is in the numbers. As the economy rebounds, experts are forecasting significant growth in the already highly-profitable home services and maintenance sector. The global cleaning services market is projected to grow by 6.2% between 2016 and 2022. Within this market, floor care services, in particular, have seen the most revenue gains thanks to greater demand.

What this means: If you’re a handyman (or are thinking about becoming one), it’s a great time to enter the market with a business or franchise. In this article, we’ll look at the best of two ways to do it: buying a franchise or starting a business from scratch. Read more

Low Cost High Profit Franchises: 5 Tips for Maximizing Revenue

Low cost high profit franchise


Thinking about buying a low cost franchise? Worried about the earning potential? Don’t worry –– it’s healthy to be skeptical. Many people looking to become business owners with a franchise assume that if an opportunity doesn’t cost much to start, it must mean there isn’t as much to make for one reason or another.


The truth is, many franchise owners turn a little into a lot every year. One of our very own franchise owners plans to do $1 million in sales in 2018 owning and managing his grout and tile franchise, The Groutsmith. Learn more about Mike Ketzner and his low cost high profit franchise here.


In general, turning a low cost franchise into a high profit business boils down to three essentials: doing your homework, learning and using the systems the franchisor lays out for you, and making smart investments in growth.


Mark Laughlin, a former owner of three low cost franchises (that he grew and sold for six-digit figures) says the key to low-cost franchise profitability is more about the franchise’s business model than the business itself. Specifically, he recommends new franchisees “find a business model that fits your life and your personality, not just your business goals.” Read more