Given the uncertainty of our economy and the largely out-of-favor stock market, real estate-related franchises are getting A LOT of attention now. I’m not talking about real estate brokerages for people wanting to be realtors. Shift gears and consider these three areas:
1. Businesses that focus on getting a property ready to sell or to rent. Consider junk removal services, estate sales to help people downsize, bathroom and kitchen renovations, moving services, storage units, and the typical home improvement services of painting, pressure washing, and cleaning.
2. An especially HOT, HOT, HOT category is for people looking for rental income. Look no further than shared or co-working space as well as salon suites and laundromats.
3. If you are looking to diversify your assets and have more wealth creation and cash flow from real estate investments, you may wish to consider daycare centers, schools, senior living communities, indoor aquatic centers (swimming schools), car washes, and automotive repair shops.
This informative Real Estate Franchise Alert provides more insights.
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