Buying into a franchise opportunity can be intimidating. There is an inherent risk involved, and avoiding that type of risk during times of economic downturn seems like a wise choice to many investors. Asking yourself if owning a franchise will be profitable in today’s economic climate is a natural part of the process.
You want to know you’re making an intelligent business decision before you spend a lot of money. We understand that opening a franchise isn’t a minor decision, and that’s why we want you to know what the market looks like right now and how the economy is affecting franchise ownership.
Local Franchise Opportunities Can Thrive in Times of Economic Recession
It’s okay to acknowledge that the economy is getting more challenging for everyone right now. Every decision you make regarding spending money or investing in a new business requires extra consideration. The pandemic and potential recession have changed how the market looks for many companies and brands.
However, owning a franchise today is worthwhile. In fact, franchise businesses can thrive in times of economic recession because they have the ability to adjust more quickly.
Why? For starters, you’re not a big-box retailer. You’re more agile and able to handle sudden shifts in how daily operations are taking place. You can focus on small details or suggestions to adapt that will make a massive difference in your ability to thrive while other companies are struggling to get by.
The Quick Service Restaurant Industry Is Still Growing
The quick service restaurant (QSR) industry is still growing today, while other sectors are starting to stagnate. That’s good news for anyone looking to invest in a Shipley Do-Nuts franchise. Overall, the QSR industry is expected to continue growing by 5.1% a year through 2027.
If you’re looking for a good franchising investment opportunity while going through a recession, QSR is a solid choice. Furthermore, the QSR industry’s donut market was valued at $8.4 billion in 2020. That means Shipley’s niche was still precious and desirable even when the rest of the country was dealing with closures and restrictions due to the pandemic. Our franchisees continued to experience the benefits of partnering with a company with decades of experience and expertise in an industry that isn’t struggling as much as others.
Owning a franchise is still profitable, especially in a QSR setting where growth is expected to continue, and Shipley’s corner of that market is as strong as it ever has been. Every investment has risk involved, but numbers don’t lie, and QSR franchises are seeing profits other industries just aren’t seeing today.
Franchising with Shipley-Nuts Gives You a Chance to Support Your Local Economy
Recessions hit hard no matter who you are or where you live. When large businesses start downsizing and laying off employees, everyone in the community begins to struggle. This is where small businesses like local franchise opportunities can not only thrive themselves but also give back to the community they’re located in.
As a small business owner, you can hire local employees, support local businesses, and participate in local events. All these things are ways you can help support the economy in your area.
Small businesses continue to contribute where larger companies fail because small businesses know how important their efforts are to everyone else in the area. When you consider how you could be helping your local economy, a Shipley Do-Nuts franchise is not only profitable today but also a great way to give back to the community you love.
Are you ready to take advantage of a donuts business franchise opportunity in an exciting and growing industry? Contact us today to find out more about our Shipley Do-Nuts franchise offer!