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5 Reasons Franchises are Growing in 2021

By Admin

Franchises are businesses that are always growing, evolving, and adapting to the market. When the pandemic forced many businesses to temporarily close, franchise owners got the support they needed in adapting to the “new norm” as their Cherry locations were able to open again. The future is bright in 2021, for it is a year of significant growth for franchises – and here’s why!

Franchise Ownership Opportunity
As many people were laid off or lost their jobs due to Covid, many are seeking different income opportunities, including owning a franchise. Future franchisees are highly motivated, smart, and well-educated. With many coming from retail or corporate America, they also have budget and management experience. They have experience with a proven business model and can understand and maintain the discipline needed to follow in the path created by a franchisor.

Change of Career
When Covid hit, safe, reliable childcare was no longer a given. Many women left the workforce because their childcare disappeared, leaving them with the desire to take control of their careers and pursue a career where they had the freedom to set their own hours and ensure a work-life balance for family – a franchise is a perfect solution for this type of motivated business owner!

Franchise Support
When you buy a franchise, you can be assured that Cherry corporate is just a phone call away. If a challenge arises in setting up and operating your Cherry franchise, you will have an experienced support system in place to help you. Independent start-ups lack that support – and in this Covid world, having a trusted support system could mean the difference between success and failure.

Own a franchise with Strong Systems
During Covid, it was the opportune time to transition to upgrades in software and equipment. It was also a good time to improve business efficiency. Systems need to be put in place for better check-in systems, improved cleaning procedures, and safe social distancing practices. When you have the strength of a proven franchise system, and the leaders to work together to make these things happen, your franchise location can only become stronger.

Real Estate Opportunities
With so many small businesses being forced to shut their doors permanently, commercial real estate is a buyer’s market. This is a great time for franchisees’ looking for a storefront location to negotiate a good bargain, starting their franchise off on the right foot.

Franchises will continue to grow and prosper in 2021. We want to equip you with the knowledge and tools to make your business a success. If you’re interested in seeing if a Cherry Blow Dry Bar franchise is right for you, Contact Us and a representative will be in touch. If you’d like to see the minimum requirements and have other questions answered before speaking with a representative, visit our FAQ page first.