The Truth About Recession Resistant Franchise Businesses
It is time like these that many are considering – how stable is my current job? Or how will the business I’m in do during this time?
Economic hardship does not necessarily equate to personal financial downfall.
There are certain industries that do well and actually thrive when financial times are rocky. Franchising has historically done well under most economic conditions.
For example: compared to other industries the automotive repair industry which provides critical repairs and maintenance services tend to be recession resistant.
Before starting your own business, it is important to make sure that you have a clear idea of what you’re getting yourself into.
It is also important to ask how stable the business will be in both good times and bad, and whether or not you can expect it to last for a long period of time.
It is uncertain whether or not some of the more popular trendy business concepts will still be around in a few years, for example installation of fancy stereo systems, which may strongly depend on economic factors.
However you might be interested in looking into the auto repair and maintenance industry more specifically the express oil change franchises.
The automotive repair and auto maintenance industry is much more resistant to recession than many other industries. It is absolutely essential that drivers can rely on their vehicles to operate safely and reliably. Safety is not a luxury – it’s a necessity.
Older cars often need more repairs and express oil changes are the perfect place for drivers to bring their vehicles for service.
The express oil change franchises offer a fast, convenient oil change that takes minutes. Additionally some franchises also have certified mechanics that can provide full service auto repair, such as brake tune ups and air conditioning.
Other businesses within the industry struggle to sustain same store sales growth year over year. Franchises like Express oil change franchises are able to maintain strong growth over years.
Most of us have a hard time understanding that “no experience is needed” for the “service/tech activities” for most franchises. There is no need to have any prior automotive experience or knowledge to become an express oil change franchisee. The owner of the franchise will be focusing on the business activities.
Buying a franchise is not a decision that should be made overnight. Doing the research, allows you to invest in an industry that offers security no matter the state of the economy
That’s the tip of this blog, from me, Kate the Franchise Matcher. Our goal is to connect you with the franchise of your dreams that checks the boxes you have for your new business. Feel free to email us to get started at email@example.com, or call Serina our Franchise Match Coordinator at 425-300-6905 for a no cost Franchise Match call, or with the release of the book The Franchise Match System, we’d love to send you a copy to help you get in control of your future business choices.