2015 saw stronger gains in the U.S. franchise sector than were projected the year before, marking the fifth straight year of strong, steady growth despite a sluggish economy.
As we head into the new year, IHS Economics has released its Franchise Business Economic Outlook for 2016, and the projections look promising.
[Buying a Franchise in 2016: 4 Ways to Prepare Today]
We’ve pulled 5 of the biggest takeaways from the new report to give you a brief guide to the economic year ahead.
There’s no shortage of options when it comes to new flooring. Sometimes, the decision is a purely practical one. What will be the most useful for a particular room? Other times, it’s a question of style. What kind of material will fit the look and feel of the rest of the room?
Throughout the years, flooring materials have passed in out of style but a handful have remained popular despite the current trend. Tile is one, if not the most resilient of the bunch both in terms of both style and durability for a variety of reasons. Since antiquity, tile has been a popular staple in homes all over the world. More recently, tile has seen a big resurgence among homeowners all over the country.
Let’s explore some of the biggest reasons behind tile’s popularity and why many are finding the tile and grout industry a lucrative one to get involved with.
As our economy continues to take baby steps in the right direction, franchising is projected to outpace it for the second year in a row. The International Franchising Association’s Franchise Business Economic Outlook is one of just a handful of annual reports that shed light on the opportunities franchising has to offer from one year to the next.
This year’s much-anticipated report highlights some very positives trends that have only been improving in recent years. In fact, franchising as a whole is actually growing faster than the rest of the economy this year.
We’ve read through this year’s report and pulled out five of the biggest reasons why 2015 is the right time for prospective buyers to get in the game with a franchise of their own.
Low costs mean low rewards, right?
Wrong.
According to a 2015 study from the Franchise Business Review, prospective franchise owners looking to invest in a low-cost franchise opportunity––one that costs less than $100,000––can make just as much in earnings as the higher price options.
Earnings aren’t the only advantage, though. The study also found that those making smart low-cost franchise investments often have a “more flexible lifestyle,” and are often given the same high level of support from their corporate offices as more expensive franchise opportunities.
Professional from start to finish. The Groutsmith is the best service company I’ve ever had in my home.
Unbelievable - the loose tile floors in my living room are solid once again. Thank you again Groutsmith.