Upstate Business Journal: In Good Times and Bad, Franchises Move to the Upstate

In 2008 to 2010 when the economy plummeted and people were losing their jobs people started looking to other opportunities, franchises. Mike Hall, market president for Frannet, an executive recruiting firm for franchise companies, told the Upstate Business Journal, “Those were bad years for business, bad years for people who wanted to work, really high unemployment. And yet during that time, we probably saw more people buying franchise businesses than we ever had before.”

Now that the economy is back on track, areas like Greenville, South Carolina are growing rapidly giving unique opportunities for franchises like Hounds Town USA. “Downtown Greenville is an attractive area due to the recent revitalization as a residential and business hub where young professionals and families are in need of pet care while they are at work or traveling,” says Hounds Town USA CEO Michael Gould.

Hounds Town USA is taking the economic growth to their advantage in other markets like Las Vegas, Philadelphia, Orlando, Palm Coast, FL, Wilmington, NC, Raleigh, NC, and more. The brand has increased their revenue nearly 40% between 2018 to 2019 and plans to increase its footprint with an estimate of seven to ten store openings this year.