There’s good news when it comes to buying a franchise business
We’re officially near the end of the first quarter of 2023. Can you believe it? We assume your resolutions, diets, and workouts are in full swing. Many people have resolved to make big moves and become business owners this year themselves, but have fearful doubts about the uncertain climate. January 2023 has felt unpleasantly similar to the start of last year, yet again. We’ve moved past the coronavirus lockdowns but are experiencing inflation and other financial squeezes.
Be this as it may, doom and gloom are not the trending themes in the economy. The economy is looking good and there are exciting franchise opportunities out there for every investment level and interest. If you have been putting off making a change, 2023 is your year. Infact, in an economy suffering from inflation, a CGI franchise is a great option as your services will offer repair and refurbishment at over half the cost of replacement form many clients looking to save some money.
Here are 22 reasons to buy a franchise in 2023.
Economy
There is actually a lot of great news out there in economic land. If trying to still analyze the situation, here are some things to consider from Franchisewire.com.
Unemployment rates fell to 3.9% (or 0.8% points) last month which is a new low for the pandemic time period. At its highest rate, unemployment was 14.8% in April 2020.
Supply chain issues still exist but are continuing to get resolved.
Consumer confidence has increased and there has been no slowing in consumer spending.
The Conference Board forecasts that U.S. Real gross domestic product growth will rise to 6.5 percent (annualized rate) in Q4 2021, vs. 2.1 percent growth in Q3 2021 and that 2021 annual growth will come in at 5.6 percent (year-over-year).
The stock market continues to hit record levels with the Dow Jones Industrial Average hitting record highs in the first week of January of 36,952.65.
These are just simple facts.
Recent financial data
Spring will bring sunshine, flowers, and new financial data. Every year franchisors are required to update their Franchise Disclosure Documents (FDD) within 120 days after the close of the fiscal year. As a result, figures and reporting for 2020 get pushed down and in many cases replaced with stronger and robust 2021 financial data.
Resignations include corporate executives
The pandemic has made many realize that they strive for a better life. By better, we mean “within your control”. Over a half million people have shifted toward self-employment during the pandemic and that number continues to be on the rising trend. Purchasing a franchise business offers a great way for you to improve your lifestyle by calling the shots and building the life you love. Here’s why should be excited about buying a franchise in 2023 over staying at a corporate job.
You can reap what you sew. Period.
You can choose your own business culture, appearance, and attitude.
You don’t have to accept the status quo. Rock it how you like to do it.
You can find freedom and autonomy.
You won’t be called back to the office. The office is next to the coffee pot at home.
Franchise business for everyone
With more than 4,000 franchises to choose from, it can be bewildering how to narrow the list or even your category of interest down to just a couple. The good news is that there are a lot of options out there. But there are also several ways to get your goals more in line with your needs and lifestyle.
If you prefer working remotely, there are many work-from-home franchises to choose from.
If remote work is too isolating and the comradery of a small team is more compelling, then light industrial office space franchises are great options.
Prefer face-to-face customer interactions and moving around? You can choose from a plethora of mobile franchises.
Investing in a brick-and-mortar franchise can be a great way to become a pillar of your community.
Color Glo International Franchise Opportunities
If all of the above potential scenarios sound like something you’d like to build your own special mix of into your life, then becoming a Color Glo International franchisee might be your particular cup of tea. Our franchise owners enjoy working with customers and helping people renew things that may have otherwise cost them a fortune. Most CGI customers have smiles from ear to ear!
Our teams are largely remote and work from van or company vehicles, though some have designed unique business concepts that involve a physical location. We have options in our franchise agreement with you that truly make it a customizable opportunity to scale and grow.
Franchise awards
Color Glo International is recognized nationally and globally for its success in transforming people’s lives through affordable, turn-key franchise business solutions. Most recently, Color Glo International was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking.
We have also been recognized as a top home-based franchise business opportunity by Entrepreneur. Another national franchise ranking company is Franchise Times, in which Color Glo International ranks 88/400. We have also ranked on the Franchise Times Top 200 as well as Entrepreneur’s Best Franchises for Veterans.
ABOUT CGI INTERNATIONAL, INC.
CGI International, Inc.’s unique and proprietary products and award-winning network of licensed service providers across the globe are restoring the types of materials that are most commonly found in every type of automobile, aircraft, boat, and in residential as well as commercial furnishings. In addition, their products are used daily in the restoration of numerous materials in commercial as well as residential buildings.