Trend Report: Boomer Entrepreneurship
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Transcript of Trend Report: Boomer Entrepreneurship
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Trend 4
Why Boomers are turning to franchising
Why Boomers are turning to franchising
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An AARP study estimatesthat 1/3 ofworkers age50 and older
will eventually go into business for themselves.
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Many businesses thrive inall economic conditions
Many businesses thrive inall economic conditions
Growing markets driven by demographics• Ex: Senior Care, Residential Repairs & Cleaning
Essential services• Ex: Hair Care, Automotive, Damage Restoration
Business that help other small businesses thrive• Business Coaching, Sales Training, Expense Analysis
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Not Just Fast FoodNot Just Fast Food
FACT: • Over 3,100 different
franchise companies • In more than 80
industries • With over 900,000
operating units
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Not That ExpensiveNot That Expensive
Total Investment Percent
Under $100k 52.5%
$100 to $250k 32.7%
$250 to $500k 9.2%
Over $500k 5.6%Franchise Times Magazine Survey, Franchising is All Right, Thank You