To say that the franchise industry is a massive one would be an understatement. But the most recent 2020 report from the International Franchise Association’s website, over 770,000 franchise locations were employing over 8.4 million people with a GDP of over $473 billion in 2019. There was an expectation of these figures growing going into 2020. Even though there is a negation to that growth due to the COVID-19 pandemic’s impact on the franchise industry.
Although there has been an impact in the franchise industry by the COVID-19 pandemic along with the corresponding lockdown measures, the news is not all bad. Similar to the overall U.S. economy, there are winners and losers in the franchise industry. Certain sectors of the franchise industry have experienced an increase, a good example would be food concepts within the restaurant segment that has delivery weathered the storm particularly well. Additionally, paradigm shifts as big as COVID-19 inevitably lead to new investment opportunities. And the industry is no different. Certain brands and suppliers have become attractive investment opportunities.
Vetted Biz was founded on the idea of bringing transparency to the franchise market for individuals and companies looking to invest in the industry. Our background is rooted strongly in the finance and franchise industries. This enables our team to understand at a much deeper level the sort of information. Reports, and research that can be of value to business owners, investors. And investment firms looking at franchise opportunities within this large and ever-evolving market.
Our team works to bridge the information gap for our clientele through analytics. Providing valuable resources that can help guide strategic insights into the franchise industry. For each client, we work to understand their goals. To see how our team of professionals can best assist. Additionally, they conduct any franchise or supplier research. We take a very client-specific approach with every new client we onboard to best understand how our franchise consulting services can aid them in finding the information that they are looking for whether the client is looking for intelligence franchise market research or the client needs proper franchise search due diligence and guidance as they decide which franchise opportunity is best for them.
If you would like to inquire please feel free to contact us anytime and we will be happy to see how we can be of service.
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