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Because of the
major economic crisis we are currently experiencing their has
been a heightened interest in business opportunities and
franchises that have the right stuff to weather and potentially
thrive during this stormy environment. Recession proof
franchises are businesses that traditionally offer products and
services that consumers and business owners just can’t (or wont)
live with out. The demand for these types of non-discretionary
products and services is fairly consistent because they are
considered necessary to run a household or successful business
even during a major economic downturn.
Below are a few
franchise business categories and industries that are
traditionally considered recession proof:
Automotive
Services:
When consumers hold back on making new car purchases during
tough economic times, the repair and maintenance of their
current vehicles generally becomes the priority.
Auto
franchises such as car repair, oil & lube, and even tire
centers tend to do well, and in many cases thrive, during
recessionary times because of this market dynamic.
Tax Preparation
Services:
Well you know the old adage about the certainty of death and
taxes. We may be in a recession, but regardless we still have to
pay our taxes every year. Tax preparation franchise
opportunities like Liberty Tax Service even actively promote
their business model as a recession proof business, and I can’t
argue with that claim or the continued growth of this industry
even during a recession.
Senior & Health
Care:
With life
expectancy on the rise and the advent of approximately 70
million baby boomers set to retire in the next 2 decades, the
senior health care looks industry like a safe bet for very
strong growth going forward. Dozens of senior
health care franchises have emerged to service this niche
already, and it seems likely that an even a severe economic
downturn will not deter families from providing care for their
loved ones.
Hair Care:
Getting your hair cut by a professional at a low cost “no
appointment style” hair salon franchise like Great Clips or
Fantastic Sams has always been an affordable convenience that
most consumers will continue to use even during a recession.
Plus it has been stated and validated many times that keeping up
appearances regardless of the state of the economy is not an
option for many consumers.
Disaster
Restoration Services:
This is another industry that traditionally holds up very well
during a recession because it is a non-discretionary and vital
emergency service that home and business owners may need because
of damage created by a fire or flood.
About Author:
Ray Haiber has 12
years experience as a professional business broker and franchise
consultant. You can view
top franchises for sale across the
USA
here. You can go here to research top
health care franchises for sale including in home care and
senior assisted living services. © 2010
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