What are the most profitable franchises to invest in after Covid-19? Here's why it's best to invest in these types of sectors.
Sectors that have the greatest user recurrence can be more profitable and recover faster than other types.
Most profitable sectors to invest in:
Because we all need to have our clothes cleaned and ironed every week, the laundry business is one of the most recurring on the market. The frequency of use is at least once a week with a sustained average purchase receipt, so the laundry business will be one of those recovering faster from the crisis.
Another benefit that draws people in is their home delivery service. Although not all offer it, there are many like Mr Jeff who do and it makes life easier for their customers by picking up or delivering their clothes to their preferred address. It’s a point in favor since the customer is loyal and will continue using the service.
Investing in these types of franchise is relatively cheap compared to others and is profitable.
Gyms and Fitness Centers
Gyms and fitness centers are another cost-effective sector that can gain relevance in this crisis. Fitness centers are sectors that have high user recurrence. This activity usually encourages people to acquire memberships between 6 and 12 months on average, which ensures good profits.
Investing in traditional gyms is quite high due to needing to buy equipment and the need to have a very spacious place so that people can exercise comfortably. But there are other options such as the Fit Jeff center, where the investment is very low as it only offers Pilates, yoga, HIIT and functional training classes, so no expensive equipment is needed and the demands of the center are not high either.
Hairdressers and beauty salons have always been profitable businesses due to high user recurrence, and this won’t change after Covid-19. Continuous fashion changes and hairstyles make it an industry with greater potential and opportunities. In addition, hairdressers are considered essential businesses as they help people look and feel good about themselves.
For many women, going to the hairdresser is a decision based on need. It’s an issue that not only deals with female needs, more and more men are setting vanity prejudices aside and taking more time to take care of their physical appearance.