Why 2022 Is the Perfect Time to Invest in a Franchise
With 2021 nearing its end, you have likely started thinking about ways to improve your life and financial situation in the New Year. You might be considering changing careers or starting a new business. If this sounds like you, investing in a franchise could be a perfect way to meet your goals. 2022 could be the ideal time to become the VetCheck Pet Urgent Care Center franchise owner. Keep reading to learn why!
What 2022 Holds for Franchise Economics
According to the Economic Outlook for Franchising web series hosted by the IFA, experts agree that the total number of franchised businesses will grow at a rate of roughly 3.5% by the end of 2021. And the franchise industry will have recovered to pre-COVID levels. They also predict that franchise employment will explode, resulting in millions of job openings throughout the US.
Experts also predict that staffing shortages will end in 2022, and the unemployment rate has already dropped to below 5%. As people return to work, new franchise owners will have plenty of prospective employees to choose from. Interest rates are also predicted to remain low in the coming years, making it more affordable to buy into a franchise.
Something else to consider: The COVID-19 pandemic has made people focus on health more than ever before. And they’re also focusing more on their pets’ health! Many pet parents have gotten serious about taking better care of their furry friends, so now is an excellent time to open up a veterinary practice.
Contact Us to Learn More
If you think franchise ownership could be right for you, we’d love to speak with you! Contact us today to learn more about purchasing a VetCheck Pet Urgent Care Center in 2022.
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