The United States had been in a rather dire recession, one that went global, and yet, not all regions of our nation are effected the same. Detroit is hammered due to the crushing blow to the auto industry, and those regions that experienced the fastest growth of new home building during the last real estate bubble were hurt the most when it popped. Areas like Las Vegas, Phoenix, and Riverside, North San Diego County, Sacramento, Central Valley, and San Bernardino out west were without question devastated.

On the East Coast, the entire State of Florida was hurt and its real estate was flattened to the sea level of that Great Sand Bar State. Still, the franchising industry is surviving and will thrive as that tropical depression subsides. Knowing this fact means that a franchisee opening a new location maybe able to get a great deal on real estate or a piece of commercial property. In fact, the market there is at a 35-year low. Still, many are reluctant to invest until things come back.

But there is a lesson in all this and that is historically if you wait until things are good, all the great deals will be gone. Anyone considering on purchasing a franchised outlet and starting their own business ought to consider these economic truths and historical cycles in making their buying decision. Those considering going for it in Florida, need to realize that hurricane is over and those winds are blowing out to sea; thus, it’s time to start shopping and go for it. Please consider all this.

Author: Lance Winslow

Lance Winslow is a retired franchisor – Lance Winslow’s Bio. Lance Winslow is formerly the CEO of WashGuys family of franchises which Lance; http://www.windowwashguys.com/links.shtml.

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