Small Business Franchise

Small Business Franchise

Many people who are considering starting a business believe that all franchises are massive undertakings. That is not the case. Many a small business franchise opportunity is out there and can be profitable.

One only needs to take a glance at the 2010 projected trends for the top 100 franchises to understand that there is growth and plenty of it is in the small franchise market.

According to PricewaterhouseCoopers LLC's 2010 industry report on franchises, the economic downturn that we have all been experiencing is coming to a close and all indicators show profits will be coming in the future including for small franchises.

So, which small franchise for sale should you choose? There are some industries that are expected to see greater growth than others according to the Pricewaterhouse Coopers report:

• Personal Services - Recreation, entertainment and health care are among the items included in the personal services industry. This industry is forecast to see the largest jump in 2010 of 4% or 132.8 billion dollars.

• Quick Service Restaurants – Fast food restaurants are expected to see a nice jump in numbers in 2010, of 3.2 percent over the course of the year. That translates to an increase in sales of over $200 billion dollars in the industry. Choosing some of the top restaurant franchises can see even higher returns.

• Business Services – The business services industry includes a number of businesses including employment, tax and payroll services, insurance companies, data processing, warehousing, storage, printing and other services that businesses need. This industry is forecast to see a 2.6% increase which translates to a 189.6 billion dollar increase.

• Retail Products and Services – While many retail stores have had a tough couple of years, things are looking up for 2010. The expected increase is 2.5% with a profit increase of $50.5 billion in what is often considered the easiest franchises to run.

• Table/Full Service Restaurants – The next category that is expected to grow this year in franchises for sale are the table/full service restaurants industry. The forecast increase in this industry will be 2.3% or $64 billion.

• Retail Food – Everyone has to eat and all homes need a certain amount of food in the pantry and refrigerator. This is the retail food market, grocery store offerings, and no matter how the economy is going this is an industry that is expected to hold steady and even see a 2.3 percent increase or an increase in the area of $67.5 billion dollars in 2010.

Is a small business franchise opportunity something you are considering?

Check out Home-based franchise opportunities too!