How Has COVID-19 Pandemic Affected Franchising? 
                     Presented By
 How Has COVID-19 Pandemic 
Affected Franchising? 
  
Impact of COVID-19
No one expected living through a global pandemic. Since mid-
March, the world began taking precautions to reduce the 
spread of the coronavirus, primarily with social distancing and 
the shutdowns of many industries. This has resulted in the 
temporary and permanent closures of hundreds of businesses 
across the nation, especially those that were started from 
scratch. Let’s explore how several aspects of the franchise 
industry have been affected.
  
Franchise Creator Still Operating
Despite the numerous downturns of the economy from COVID-19, 
the franchising industry is till booming.  Our refined and tech-based 
approach to franchising has given us the ability to facilitate the sale 
and development of franchises over the phone as well as video 
conferences. Since the nation-wide lockdown began in March, 
Franchise Creator is still successfully developing various businesses 
into franchises and have selling multiple franchise units!
  
Franchisors Are Still Selling
According to QSR Magazine, since March 2020, at least two-thirds 
of franchisors surveyed claimed to continue their efforts in 
franchise sales. While the global pandemic is still intimidating and 
paralyzing entrepreneurs from making substantial business 
decisions, the majority of franchisors have a bright outlook on the 
economy recovering from the shutdown. Their optimism is a huge 
factor in keeping the economy rolling by offering their 
services/products and keeping franchise locations staffed with 
employees.
  
Franchises Are Safer to Invest In
If you were considering to own a business before the pandemic 
began, there is now a greater reason to invest in a franchise over 
independently starting a business. In an era where business 
owners are forced to adapt to restrictions to continue operations, 
going into business by yourself carries far more risk than 
inheriting a solid and proven business model. Moreover, the 
expertise of franchisors and their ability to guide their franchisees 
through this pandemic means that there are fewer obstacles to 
overcome when investing in a franchise.
  
Diversify Your Franchising Portfolio
Your entrepreneurial portfolio should always be as diverse as possible, but in this 
context, simply owning multiple locations of the same franchise won’t cut it. Now, 
entrepreneurs in franchising should (if they haven’t already!) consider opening 
franchises across multiple states! 
  
Restaurant Adaptations
Restaurants have been the most among the top businesses that have 
been severely affected by the COVID-19 pandemic, with statistics 
showing that the restaurant industry might lose out on $240 billion 
by the end of 2020. The strongest ways to combat these losses is for 
restaurants to adapt several business models into their concept: 
primarily deliveries and to-go orders – commonly known now as 
curbside pickup. According to SevenRooms, approximately 92% of 
restaurant traffic is now delivery. By facilitating first-and-third-party 
delivery services, restaurant franchises can stay in business while 
reducing the overhead that comes with staffing hosts and servers.
  
Contact Franchise Creator
Are you planning to franchise your business? Franchise Creator 
can convert your local business into a franchised brand ready 
for expansion globally.
Business Email:[email protected]
Phone: +1 305-592-9229
Fax: (786) 477-6133
Website: https://franchisecreator.com/