TL;DR
Service brands, including home maintenance, child care, and automotive, continue to expand in 2022 due to their appeal and simpler business models. Brands such as Asurion, Bach to Rock, and Planet Fitness report strong 2021 results and ongoing expansion.
In early 2022, service brands continue to appeal across the board. Selling points can include a lower cost of entry, no retail storefront, little to no perishables, simpler business models, and the ability to work from home during the pandemic and beyond. Sectors such as home maintenance, child care, automotive, lodging, construction, fitness, health, senior care, and more continue to expand.
Here’s a quick sampling to whet your appetite for expansion opportunities and portfolio diversification in 2022. Visit our Franchise Expansions & Growth News web page for more service brand news and opportunities. Asurion Tech Repair & Solutions Opens in Sierra Vista, AZ in Latest Expansion avid hotels, an IHG Brand, Celebrates 50th Open Property Bach to Rock Music School Notches 33% Revenue Rise in 2021 to Over $22 Million CarePatrol Reports Strong 2021 Revenue and a Brand Refresh for 2022 Century 21 System Raises $3.
2 Million for Easterseals in 2021 D1 Training Signs 3-Unit Deal for Texas and Kansas FullSpeed Automotive Celebrates 700th Store with Grease Monkey Opening Fyzical Therapy & Balance Centers Opens 38, Signs 145 New Agreements in 2021 N-Hance Wood Refinishing Announces 3 Signed Agreements in Florida Planet Fitness Prices $900 Million Securitized Financing Facility Postal Connections/iSold It Reports 8.
In this story
This story was originally published by Eddy Goldberg in Franchising.com on February 11, 2022. Burnaze summarizes and links to the original reporting.
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