The franchises set to boom following the pandemic
It’s safe to say that businesses all around the country have felt the impact of the COVID-19 pandemic. There are several big-name brands that have entered administration, causing widespread uncertainty and worry. However, there is one bright side: many sectors are set to experience a boom following the easing of lockdown as people make up for months of lost spending.
This begs the question: what franchises are predicted to make the best comebacks? Whether you’re a franchisee yourself or looking to invest in a franchise for the first time, Here at Franchise UK, we’re sharing our predictions.
Read on to find more.
More specifically, we mean the food franchises that offer eat-out services. After spending months in lockdown, people miss the experience of just eating out. Because of this, fast food and restaurant franchises alike are bound to see a massive spike in profits.
This will especially be the case the longer that lockdown restrictions are lifted, as people regain confidence that they’ll be safe and at low risk of getting COVID-19.
One of the biggest shocks of the pandemic is how it completely turned our working habits upside down. Specifically, the fact that we could no longer go into the workplace. Remote working has become the new normal, meaning people are spending hours a day at their personal computer.
Because of this, cybersecurity businesses are set to become inundated with new clients. Companies around the country are seeing the benefits of opting for working from home, meaning they could well choose to invest more money in the cyber defence of their employees’ computers and laptops. This is critical because it ensures the maximum protection of company data, and reduces the likelihood of cyberattacks.
Browse security franchises.
The closing of schools around the country massively impacted students, regardless of their age. Thanks to the intimate nature of classrooms too, it’s likely that schools will remain closed for the foreseeable future until the risk of COVID-19 spreading is minimal.
Thanks to this, a popular compromise is the introduction of e-learning franchises. It’s a safe alternative for pupils to stay on track with their learning while having some form of face-to-face contact with their teachers. Many schools, colleges, and universities are making plans to start off the next year with remote learning, so becoming a franchisee in the e-learning industry looks set to be a reliable choice for the foreseeable future.
Discover Education Franchises.
We know what you’re thinking – why would the gaming industry see a boom in business AFTER the lockdown ends? But hear us out. Many people during lockdown will have either reignited a passion or gaming or discovered it as a completely new hobby that they wish to carry on in the future, particularly if we are to expect future disruption to activities outside of the home.
Besides this, there are some big-name brands about to release the next generation of gaming consoles later this year. So it seems there’s no better time than now to look into investing in a gaming franchise! Even indie games are gaining traction among many gamers nostalgic for their pixel-style titles, so if that’s more your style then it’s still a great choice!
With hindsight, it probably would have been best to invest in a supermarket franchise before the pandemic hit – the level of panic buying was unprecedented, and will likely never be seen again. However, as more and more people regain the confidence to go out again following the lockdown, it may be a sensible idea to do your research into supermarket franchises.
Don’t believe us? In less than a month, an extra £2bn was spent on food and drink in grocery shops alone since the pandemic began. This is only set to continue as more and more people stop shielding and can finally splurge on treats and essentials again while out.
The race is on now to find a COVID-19 vaccine. Thanks to this, billions of pounds are being pumped into the pharmaceutical industry, meaning that this is a franchise sector set up to be rewarding for its investors. Not only this but, thanks to the heightened awareness surrounding COVID-19, the importance of keeping in good health is more important than ever before.
This means that more and more people will be stocking up on basic health supplies such as paracetamol, cough medicine, and more. That’s good for you if you’re interested in a pharmaceutical franchise!
Overall, it seems that there’s not only a light at the end of the tunnel but also a pot of gold awaiting many franchises and industries. If you’re looking to invest in a franchise for the first or twentieth time, there are many options awaiting you.