Whether it’s in an upturn in the market or a downturn, the entrepreneurial spirit doesn’t slow down. For entrepreneurs looking to invest in a new business venture, choosing a recession-resistant franchise is the ideal option.

What is a Recession-Resistant Franchise?

According to Derek Cafferata, CEO and President of franchising experts, All State Franchise Finders, a recession-resistant franchise is one that is less likely to be adversely affected in an economic downturn. And a recession-resistant franchise is one that offers a need rather than a want.

“In a recession, some industries see little effect, while others actually see growth,” says Derek. “A recession-resistant franchise will offer a product or service that people will always need, no matter how much finance they have or don’t have.”

During an economic recession, consumers and business still spend money, they simply spend money on products and services that are necessities, not luxuries. Derek recommends future franchisees look to industries that offer products or services that offer such necessities.

Choosing a Franchise

When choosing a franchise, entrepreneurs have a few options. Firstly, you can choose a particular franchise based on your personal strengths, experience and personal interest. Secondly, you can choose a franchise based on a gap in the market for a certain product or service. Thirdly, you can choose a franchise based on recommendation and/or experience of other franchisees or someone you know and trust.

Whatever option is taken in choosing a franchise, take into consideration those franchise business opportunities that offer customers what they need over what they want. So, what are the best recession-resistant industries a future franchisee should consider?

Recession-Resistant Industries

According to Derek Cafferata, three of the best recession-resistant industries that provide a needed product or service include the automotive industry, the building restoration industry and the haircare industry.

Automotive servicing and repairs are one of the most recession-resistant industries. Whether it is in an economic upturn or an economic downturn, automobiles require regular servicing, repairs need to be made and parts need replacing.

A flooded basement, weather damage, a leaking roof, fire damage; building restoration services are a necessity. When economic times are good, renovations and new building opportunities are popular. When times are financially difficult, restoration needs don’t slow down.

No matter what time of the year, hair grows continually. Hair salon services are a regular necessity, whether it is a child’s regular trim, a new color and style or maintaining that perfect cut, everyone requires a regular hair cut. Hair salon franchises are a great option for those looking for a recession-resistant franchise opportunity.

Recession-Resistant Franchise Opportunities with ALLSTATEFF.COM

Derek Cafferata and his team of franchising experts at All State Franchise Finders work with a large number of potential and future franchisees and entrepreneurs looking to find the ideal franchise business model to fit their lifestyle, financial needs and career goals.

Recession-resistant franchise opportunities are a great option for those looking to move into the world of franchising. For more information, please feel free to contact Derek and his team of experienced and knowledgeable franchising experts on 1-800-544-2161 or visit allstateff.com today.