FRANdata In The Press

The Joint Chiropractic Wins Big: Zor Award Names Brand 2022 Best Buy; 2022 TOP$CORE FUND(TM) Honors Commitment to Franchise Financing
Market Watch

The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through The Joint Chiropractic(R) network, has been named a best buy in franchising by Franchise Times as part of its annual Zor Awards program, designed to recognize brands in 10 of the industry’s most exciting and accessible categories.

FRANdata’s Q1 New Franchise Concepts Report Identifies 86 Brands
Franchising.com

FRANdata identified 86 new franchise brands across 23 industries in Q1 2022. Most of the new brands are in the QSR and Sit-Down Restaurant categories, followed by Health & Fitness and Maintenance Services. Food concepts continue to make up the largest percentage of new franchise concepts, a trend in line with the previous quarter. The other leading categories are shown in the pie chart.

Doctors Find a New Way to Be Their Own Boss
Medscape

Despite the challenges, Mansoor says she has no regrets about taking a pay cut to work there. “I never thought that I would love this job more than my hospital job, but the fact is, I do love working in my own business now.”

Other doctors see franchises as a business opportunity. Another area that is doing well is home care. Vikash Salig, MD, MBA, and his nonphysician partners bought a few Executive Home Care franchise territories in Florida. Salig, an executive with the talent recruiting firm ZRG Partners, plans to be an “absentee owner” and let his partners run the home care business when it opens next month. He also says he will donate a share of the profits to a charity that he and his wife support.

The State of Franchising in 2022
Entrepreneur

Key pressure points of the economy entering 2022 are changing consumer spending trends, a tight labor market, supply chain hurdles and inflation. The post-pandemic landscape yielded both temporary and permanent changes to consumer behavior and business operations.

Labor Issues Are Pressing the Brakes on Chain’s Expansion, Study Finds
Restaurant Business

A shortage of qualified job candidates is hindering the growth of 4 of 5 franchise chains, with availability proving far more of a business problem than the soaring pay rates needed to lure capable hires, according to new research.

 

The Health and Wellness Industry
Franchising World

In the most instances, franchising follows ectors that are growing. The greater the growth in a sectr or an industry, the most likely franchising will be present. This is certainly true in the health and wellness industry.

Feeding frenzy: Mirroring national comeback, franchises are growing at a fast clip in Maine
Mainebiz

Dunkin’, Subway, Ace Hardware, Aroma Joe’s. Even in Maine where every community boasts mom-and-pop businesses, branded franchises owned and operated by local entrepreneurs are a growing part of the business landscape.

Nebraska ranks in Top 10 states for franchise growth
Nebraska Examiner

Report: Franchising helped lead economic recovery and was a beneficiary of the “Great Resignation” movement

Where the BOOM Is Really Booming
Entrepreneur

Why is a business so great for home improvement, chicken, health and wellness, and pet brands? The answer tells you a lot about where franchising is going next.