2020 will go down as the year of the Coronavirus. The year itself will surely become synonymous with any situation in the future where nothing seems to go right. Yet, while the 2020 economy took a hit overall, there are plenty of industries that were not nearly as affected as others. Some even thrived. Certain needs were heightened in the COVID era. For example, offices were in need of disinfectants. Demand for janitorial services increased. Online tutoring became a requirement. Fortunately, franchise opportunities are currently available in many of these seemingly Covid-proof industries.
The 10 state economies impacted least by COVID are ID, UT, IA, MT, NE, SD, AL, ND, IN, and WY.
Unemployment has dropped from over 16% to under 7% since the start of COVID-19.
SOURCE: Bureau of Labor Statistics
26% of franchises have regained normal levels of operations or were minimally affected by COVID.
Examples of Covid’s Positive Effect on Franchises
Many Cleaning and maintenance companies pivoted to offer COVID-resistant sprays and applications. Franchise opportunities giving business owners the chance to help finance other businesses, or assist in finding cost cutting means, also saw an uptick in business. Food delivery became essential as many restaurants could not accommodate in-person service. And many industries beefed up their online presence, such as education and the fitness & health industry.
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Why Buy a Covid Resistant Business?
Everywhere you turn, people are talking about the Covid-19 pandemic and how it has affected every aspect of our lives. While the pandemic has brought lots of uncertainties, many companies have risen to the task of adapting to consumer’s changing behaviors and health conscious focus with creative and unique options. Choosing a business that has maintained and grown through the pandemic will help ensure your success as our economy comes back stronger than before.