TL;DR
The franchise industry is expected to grow and prosper in 2022, with many franchisors reporting increased sales in 2021. Founder and CEO of SMB Franchise Advisors Steven Beagelman anticipates the franchise industry will continue to grow in 2022.
In a recent Forbes article, founder and CEO of SMB Franchise Advisors Steven Beagelman discussed how the franchise world changed due to the coronavirus pandemic, and how franchises will continue to see a comeback in the next year. While 2021 brought back many opportunities, there were still many limitations on capacity which caused restaurants to struggle. However, looking towards 2022, Beagelman anticipates that the franchise industry will grow and prosper.
Beagelman said, “ Many franchisors have been reporting increased sales in 2021, and there is no reason to believe that trend is going to change in 2022.”
In this story
This story was originally published in 1851 Franchise on January 10, 2022. Burnaze summarizes and links to the original reporting.
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