IFA: Franchise Businesses Signal Growth For 2012
According to the latest report published by the International Franchise Association (IFA), the world’s oldest and largest organization representing the franchising industry, the franchise sector is finally getting back on track. After years of stagnation and marginal growth in the wake of the recession, franchise businesses are now said to be signaling recovery in 2012.
Franchise Businesses Show Signs of Recovery in 2012 After Years of Restrained Growth
WASHINGTON, Dec. 19, 2011-After three years of restrained growth, due to the recession and its lingering effects, franchise businesses show signs of recovery in the year ahead, according to a report by IHS Global Insight for the International Franchise Association Educational Foundation. The Franchise Business Economic Outlook: 2012 forecasts modest growth in the number of establishments, employment, output and contributions to U.S. gross domestic product (GDP).
According to the report, franchise business growth has been restrained over the past three years due to underlying factors, such as the weak rebound in consumer spending, that have been a drag on the economy as a whole. In addition, tighter credit standards have limited the formation of new franchise small businesses and the expansion of existing businesses. As these conditions improve, the IHS Global Insight report forecasts an acceleration in the number of franchise businesses in 2012 and continued modest growth in employment and economic output.
The full report can be read on the IFA’s website, here.
Here at DoodyCalls, we’re expecting another big year for our franchisees in 2012. The Pet Waste Removal industry is growing at a fever pace, as awareness for this type of service continues to spread throughout residential, commercial and municipal communities nationwide. This article published in The Wall Street Journal provides a good overview:
The Wall Street Journal :: This Business Grows Every Time Fido Does His
“Jacob D’Aniello, who started DoodyCalls in Charlottesville, Va., in 2000 and began selling franchises in 2004, says, “This is our best year” so far. He claims 2,200 new clients since Jan. 1. and a 20% jump in revenues from last year’s first quarter”…more
Our goal is to reach 250 locations within the next 10 years. To make it happen, we’re on the lookout for the right entrepreneurs to join our team. To find out if that might be you, take a quick look through our Franchising FAQ and Next Steps, or simply request information here.
We look forward to meeting you!