Why 2020 is the Best Year to Invest in a Franchise
Apr 02, 2020 06:55 pm | Franchising
1. The Franchising industry is estimated to earn $31 billion in 2020
Did you know that the Philippines is the Franchising Hub of Asia? The franchising industry continuously introduces new brands and promotes well-known ones, opening up a lot of economic and financial opportunities for both franchisors and franchisees.
2. Franchises go through research and development to ensure you that you will get your return on investment
Unlike most other investments, franchise brands work with you since your earnings benefit theirs. Franchises are not guaranteed to succeed, but with the assistance of the franchise brand, your investment is more likely to pay off.
3. The Philippine Franchise Association (PFA) expects that the Franchising industry will grow 20% in 2020, from its previous 10%-15% growth in 2018.
The franchise industry continues to grow annually. With guaranteed economical growth, it’s smart to invest in a well-known or recession-proof franchise. Think: laundry shops and utility dealerships.
4. PFA Chairman for ASEAN, Sam Christopher Lim, states that the goal of franchising helps the local economy grow.
Since the Philippine Franchise Association now has the goal of inclusivity for the benefit of the local economy, 2020 is the time to invest in a Philippine-based franchise. With the support that the PFA has for local brands, franchisees can rest easy knowing that their investments are in an assisted industry.