The Growth Of These 4 Franchise Concepts Shows Where The Industry Is Going

Want to spot nan hottest caller trends successful franchising? You petition to look successful a beautiful wonky place: nan Franchise 500 categories.

Here's why: Each year, arsenic we create our ranking, we style each franchise marque by category. Some categories are elemental and expected, for illustration Sports Bars/Pubs. But each year, arsenic caller kinds of franchises emergence up, they require wholly caller categories. For example, we're now seeing a batch of bars wherever patrons tin move their ain drinks — truthful alternatively of keeping them incorrect nan Sports Bars/Pubs category, they now get their ain Self-Pour Bars category.

In different words, caller trends require caller categories. They're a starring parameter of wherever franchising is going. This year, successful summation to Self-Pour Bars, we added 7 different caller categories. They are: Autism Treatment Services, Hawaiian Food, Hydraulic Hose Services, Mediterranean Food, Outdoor Space Construction/Remodeling, Pet Grooming, and Real Estate Investing.

Related: We Crunched 5 Years of Franchise Industry Data. Here Are 4 Big Trends You Should Know About.

What's driving nan maturation successful these caller areas, and what tin that show you astir what's coming adjacent successful franchising? That's what we wanted to cognize — truthful we asked! We picked 4 of nan caller categories, and reached retired to a leader successful each to ask: What's driving nan maturation successful your category? Here's what we learned.

Image Credit: Courtesy of Success connected nan Spectrum

What's driving maturation successful Autism Treatment Services

Why is location a emergence successful autism curen services? It's simple: There's been a emergence successful autism diagnoses — but truthful far, location hasn't been an adjacent summation successful accessible care.

"There are not tin providers to meet nan demand," says Nichole Daher, laminitis of Success connected nan Spectrum, which goes by its acronym SOS. Its curen centers usage Applied Behavior Analysis (ABA), a style of therapy that helps individuals pinch autism amended relationship skills and self-control. "Every azygous location has customer waiting lists, whether successful nan city, successful agrarian areas, aliases nan suburbs."

Its biggest challenge: "Staffing is nan only constituent that tin slow an ABA business's growth," Daher says. Because of nan individualized value of autism therapy, an SOS franchisee needs to build a highly trained, stable, highly skilled workforce. To thief its franchisees do that, nan institution partners pinch universities to relationship tuition discounts and profession maturation options for staff. Additionally, SOS provides in-house certification and paid internships to propulsion and clasp talent, resulting successful 1 of nan lowest turnover rates successful nan industry.

Image Credit: Courtesy of HomeVestors of America

What's driving maturation successful Real Estate Investing

Real spot franchises personification done bully for decades — conscionable look astatine nan occurrence of brands for illustration RE/MAX. But now existent spot investing franchises are taking disconnected arsenic well, mostly owed to nan nationwide shortage of housing.

HomeVestors of America is nan largest franchise successful this space, and its business exemplary is simple: Its franchisees bargain homes — typically ones successful petition of repair aliases that sellers must offload quickly — and past refurbish and resell them. More than 80% of those homes are nether 1,400 quadrate feet and built earlier 1980, which are nan benignant of properties peculiarly suited for first-time buyers — a peculiarly underserved marketplace correct now. "As we've continued to spot builders scramble to accommodate first-time buyers, nan houses that our franchisees are renovating personification filled a captious gap," says Larry Goodman, CEO of HomeVestors.

Economic shifts, specified arsenic rising liking rates, personification impacted nan existent spot market. However, HomeVestors has remained resilient by focusing connected median location worthy properties, which Goodman says has kept them "a mini overmuch insulated during nan downturn versus those investors pursuing higher-priced property."

Related: 5 Must-Do Steps to Evaluate Franchise Opportunities Like a Pro

Image Credit: Courtesy of Tapville Social

What's driving maturation successful Self-Pour Bars

Want to ain a bar? Consider this niche: self-pour bars, wherever patrons tin move their ain drinks.

Self-pour systems personification been successful usage for overmuch than a decade. But they've spell peculiarly celebrated now. "As wages and labour expenses increase, self-pour systems relationship a cost-effective replacement to accepted staffing," says Michael Venditto, COO of Tapville Social, a starring franchise successful nan space. Tech invention has too driven growth. Self-pour exertion uses RFID-enabled taps and real-time depletion hunt to proviso antecedently unmatched ratio for immoderate operators and guests — connected pinch awesome data. "They proviso insights for inventory guidance and alteration personalized trading done loyalty programs and mobile apps," Venditto says.

Plus, consumers conscionable for illustration nan experience. "It's an interactive acquisition that encourages group participation," he says. "Friends, family, and coworkers bask sampling beverages together."

Image Credit: Courtesy of PIRTEK USA

What's driving maturation successful Hydraulic Hose Services

When a institution needs dense machinery, it often starts pinch a basal question: Should nan instrumentality beryllium hydraulic aliases electric? Many industries, specified arsenic construction, agriculture, and manufacturing, proceed to favour hydraulic — truthful arsenic these industries personification grown, nan petition for hydraulic hose services has grown too. "Hydraulic systems are overmuch efficient, small costly, and overmuch predictable, while remaining clean, sealed systems," says John Dobelbower, vice president of betterment astatine PIRTEK USA, 1 of nan starring franchises successful nan hose services space.

The services manufacture has formed astir its clients' needs. For example: "They're often operating nether tight timelines," Dobelbower says. That's why PIRTEK offers 24/7/365 mobile services for contiguous hose replacements. Customer expectations are too evolving, pinch a attraction connected minimizing downtime and maximizing ratio — truthful PIRTEK too offers attraction and inventory guidance solutions, to forestall problems earlier they start.

Related: Exploring a Franchise Opportunity? 5 Key Questions to Ask.