The retail franchise market has demonstrated exciting growth in recent years, with 3.2% more businesses established in 2022 than in 2021. This dynamic industry offers many opportunities to entrepreneurs.
At Pinnacle Franchise Development, our team has 40+years of combined experience in growing retail franchise businesses. We have retail opportunities from our partner brands and would be delighted to discuss the process of becoming a franchise owner with you.
The retail franchise category is quite broad. It encompasses all brick-and-mortar retail businesses—everything from gas stations to clothing boutiques, electronics stores, and sporting goods. Since it’s a broad category, entrepreneurs often find it easy to find the right niche that suits them.
There are many advantages of owning one, like the opportunity for growth via multi-unit franchises and the range of available options. Plus, you’ll enjoy incredible support, a proven business model, and an established brand name.
Once you’re comfortable and confident with the success of your retail brick-and-mortar store, you may discover that you’re ready to expand. However, overseeing multiple locations can be overwhelming. Instead, why not start a retail franchise? If you’re ready to take your brick-and-mortar store beyond its current location and acquire franchisees, you’ll find that a solid partnership with an experienced franchise development team will make all the difference.
We also work with entrepreneurs interested in buying into retail franchises for sale. When you’re ready to invest in a franchise opportunity, Pinnacle Franchise Development is here to guide you through the process.
The seasoned consultants at Pinnacle Franchise Development also work with established entrepreneurs who have already dipped a toe into the market. We can help you successfully navigate toward greater expansion with more locations and franchisees. In addition, our development experts have extensive experience working with brands within the retail industry. We’ll help you with everything from marketing strategies to finding qualified prospects via our sales outsourcing services.
Although the economy across many industries took a significant hit during the pandemic, franchise industries are, by and large, bouncing back and demonstrating robust growth. One indicator of this is employment trends. Overall, the International Franchise Association (IFA) has reported that all franchise businesses added 660,300 jobs from 2020 to 2022. Retail food, products, and service businesses were tied for the second-most increase in employment.
In terms of revenue, the IFA reported that retail food, products, and service franchise businesses took a significant bite of the market at $127 billion in 2021, up from $121.1 billion in 2020. In 2023, they are projected to rake in $130.3 billion.
The experienced team at Pinnacle Franchise Development works with a range of brands across multiple franchise industries. One of the notable franchise brands we work with is The Closet Trading Co., which sells contemporary designer clothing and shoes. We also partner with Chick’nCone, C3 Wellness Spa, B Nutritious, Go Go Curry, ManCave for Men, All American Pet Resorts, and Cookie Cutters Haircuts for Kids. We’d be delighted to discuss our other franchise brands with you.
Our team has the expertise you need to make your retail store franchise thrive. When you’re ready to grow your franchise, our personalized approach to franchise development will enable your company to soar to new heights. Contact us today to find out what an award-winning firm can do for you.
