Lanard Law Blog

Hot Franchises for Prospective Franchisees

Anywhere I go, when people learn that I am a franchise attorney, they ask me what are the "hot" franchises that prospective franchisees are considering.  My answer is that there are certain categories of franchises that are "hot" right now, but it does not mean they are for every prospective franchisee. 

In my opinion, the current hot franchises are the frozen yogurt franchises and the senior care franchises. I have seen an increase in prospective franchisees considering home-based franchises and service-oriented franchises rather than traditional franchises that are location-based. It is clear that these less expensive franchises are favored by prospective franchisees because credit is still limited. Obviously if a new franchisee does not need to spend the money to lease a location and then build-out that space to the requirements of the franchisor, it will mean a smaller investment. Many of my franchisee clients are using their retirement funds to finance all or some portion of their franchise investment. This method has a great deal of complexities and possible risks and should be handled only by the top providers of this service and only after the new franchisee has a clear understanding of what is involved.

Although the "hot" franchises are appealing to many prospective franchisees, as I have stated in prior posts, it is important that a prospective franchisee evaluate what is best for him or her and then have the proper legal guidance to ensure that he or she understands the opportunity and is placed in the best legal position. 

  • Nice article. The resale franchise is hot! More people concerned with value, recycling and sustainability. - by Karen Garrett Tvedt on December 17, 2012 - 12:14pm
  • I agree that home care (not just senior care, but also the disabled) is a very hot franchise, but it appears the frozen yogurt is cooling down (no pun intended). I have spoken with many clients about frozen yogurt and they respond it been done to death. Just my opinion. - by Carl Krause on September 26, 2012 - 8:02am
  • I would be happy to help anyone research their best options for the right Franchise and/or help them with financing. We are NOT a SBA, 401k rolloover, security rollover, or business line of credit lender. Check us out @.............. www.CAS-FFP.com - by John D Fogleman on September 24, 2012 - 4:57pm
  • Another couple of 'HOT' Franchise industies are weight-loss and fitness. I specialize in health and wellness franchises and regional territories. Great article Ms. Nancy - by John D Fogleman on September 24, 2012 - 5:00pm