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What Are Recession Proof Franchises?
Recession-Proof franchises are businesses which remain resilient even during the toughest of times. For non recession proof businesses, events like pandemics, wars and economic crisis can wreak havoc. And franchise businesses are no exception.
A recession proof business will usually be one in constant demand. One good example would be a commercial cleaning franchise. Places like office buildings, care homes, shops and medical practices all need regular cleaning, to stay in line with health and safety guidelines. Although domestic cleaning franchises most likely aren't recession proof (many people may be unable to afford cleaning during times of financial crisis, and therefore do the cleaning themselves) - commercial premises have strict laws around employee safety. Scroll down to find out some other types of recession proof opportunities.
Investing in a Non Recession proof Franchise
Luckily, within a franchise network, recession proof or not, franchisees will not only have each other, but the continued support of the franchisor as well. Unlike non-franchised businesses, franchisees have the power of the brand name beside them, and marketing tactics which resonate to a larger audience.
Franchisors and franchisees (including anyone performing due diligence before investing) should pay attention to force majeure, a clause which should be detailed within the franchise agreement. It will detail what happens in the event of a pandemic or crisis which is out of each party's control.
Types of Recession Proof Franchises
As well as the opportunities listed in our recession proof franchise directory above, here are a few types of recession proof franchises that are known to remain resilient during times of hardship.
- Windscreen Repair Franchises - Having a broken windscreen is against the law. Windscreen repair franchisees will usually offer commercial or domestic windscreen repair services to clients. Most windscreen repair franchises will be on a commercial basis, because it'll ensure a better chance of repeat business, as opposed to one-off domestic repairs.
- Cleaning Franchises - As mentioned earlier, workplaces and offices need to maintain suitable workplace environment hygiene. Staff satisfaction and wellbeing is also vital, and so workplace coffee franchises and distribution is also one of the top recession proof franchises.
- Automotive Franchises - Although UK car MOT deadlines were pushed back during the 2020 COVID-19 pandemic, vehicle repair and callouts still remained on a consistent level. Even though the "stay at home" ruling was enforced, with many working from home waking up to find their cars no longer start, fuel has gone off, or tyre flat spots, automotive franchises are very much crisis resilient.
These are just some of the types of recession resilient franchises.
Get in touch with various franchises to find out if they're recession resilient or not, and what factors they have in place to mitigate having to bring that force majeure clause into effect. If they're still trading, then its likely they've made it through the toughest of times!
Trending Recession Proof Franchises
- Burger & Sauce Franchise - Burger & Sauce Franchise is a popular franchise which, although cannot be run from home, offers the potential for fantastic returns. Conveniently for many, the Burger & Sauce Franchise can be run either full or part-time. Therefore the more work you put in, the more you're likely to get out. The Burger & Sauce Franchise business has been established since 2019 so franchisees will have peace of mind that the business model has plenty of experience under its belt. Mistakes will have been made by the franchisor, but they'll have been learnt from, and perfected by other franchisees. Burger & Sauce Franchise already has 2 franchisees, so opportunities are selling very quickly. You should get in touch with the franchisor to check whether your territory is still available to trade in. Territories are usually broken down by postcodes. - Find Out More About Burger & Sauce Franchise
Recession Proof Franchises Success Stories
Get an insight into a day in the life of a franchisee with Recession Proof Franchises success stories. Read interviews with existing franchisees and learn about why they chose to become a Recession Proof Franchises franchisee.
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