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FBR Issue 1 - 2021

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<strong>FBR</strong> SPECIAL REPORT<br />

organization that is devoted to taking care of<br />

customers, improving the lives of our employees,<br />

giving back to our community, and participating<br />

in and improving our brand. We happen<br />

to do this by being a moving and junk removal<br />

company. But taking care of customers, our<br />

teammates, communities and brand, well it’s<br />

what gets me out of bed in the morning.”<br />

“I absolutely love the work we do,” echoed<br />

Pettit at Payroll Vault. “It is such an essential<br />

service. There is a profound satisfaction<br />

my team and I get from providing the services<br />

we do, which includes the additional support<br />

we provide to our clients navigating the<br />

many changes in payroll requirements and<br />

legislation.”<br />

At Dream Vacations, franchisees continue to<br />

report high satisfaction, deep appreciation for<br />

their franchisor, and great hope for the future.<br />

“We are so thankful to be part of the<br />

Dream Vacations franchise organization,” said<br />

Amy Madson, a franchise owner in Orlando,<br />

Fla. “They provided incredible support with<br />

transparent communication, unwavering<br />

assistance with booking/cancellation issues,<br />

invested in new technology and reporting<br />

tools to help us manage the business and<br />

provided moral support and encouragement<br />

with weekly webinars and personal updates!<br />

Honestly, they did all this before the pandemic,<br />

and somehow, they added even more.”<br />

Peggy Rosenthal, another Dream Vacations<br />

franchise owner in Bella Vista, Arkansas<br />

has not wavered on her decision to invest in<br />

a Dream Vacations franchise, instead finding<br />

ways to pivot in the challenging environment.<br />

“I am very satisfied working as a travel advisor.<br />

I enjoy introducing clients to new travel<br />

experiences.” she said. “For instance, this year,<br />

I introduced long-time cruise clients, whose<br />

cruise was cancelled to an all-inclusive experience<br />

in Mexico. They enjoyed it so much,<br />

they took a second trip to an all-inclusive in<br />

Jamaica the next week.”<br />

FRANCHISING IN <strong>2021</strong> AND BEYOND<br />

Franchise companies are hopeful for the<br />

future.<br />

Travel brands like Dream Vacations believe<br />

a pent-up demand for travel will fuel a resurgence<br />

in their industry post pandemic. “I am<br />

confident that sales will rebound significantly<br />

in the next few years,” said Rosenthal.<br />

Living R.I.C.H. (respect, integrity, customer-focus, and having fun in the process) is core to the mission for all<br />

Mr. Electric franchise owners.<br />

Madson, fellow Dream Vacations franchise<br />

owner in Orlando, Fla. also sees growth in the<br />

near future. “We expect to be flat or see a slight<br />

increase for <strong>2021</strong>. For 2022 we expect to be up<br />

at least 30% over 2019 with 10-20% growth<br />

per year after that.”<br />

Pent-up demand can also be found in<br />

youth sports. “We’ve seen the pent-up demand<br />

for our services through enrollment numbers,”<br />

said Soccer Shots’ Bredeman. “It’s a matter<br />

of when, not if, youth sports will return en<br />

masse, and I believe it will be as big or bigger<br />

than what we experienced pre-Covid-19.”<br />

Wild Birds Unlimited also feels confident<br />

about the future. “We have continued to add<br />

new stores and have transferred existing stores<br />

at a very strong rate,” noted Pickett. “We feel<br />

that the pandemic has altered the culture and<br />

focus for so many people who have realized<br />

that the joy of birds and nature is so important,<br />

especially during these trying times. These<br />

same people have been leaning in to the hobby<br />

of backyard bird feeding and doing more and<br />

more shopping in our stores.”<br />

The sentiment is echoed yet again at<br />

Express Employment Professionals. “The<br />

staffing industry is the number one most<br />

researched franchise to own right now because<br />

of the recession-resilient nature of the business<br />

model,” said Vinny Provenzano, Express<br />

Employment vice president of franchising.<br />

“Right now, it’s a rewarding investment<br />

in rebuilding communities to bring hope<br />

through employment.”<br />

COVID-19 is a bump in the road, one that<br />

has caused great suffering but has also ignited<br />

change—change that will be long lasting even<br />

after the pandemic is simply a memory. As<br />

for the franchise model, the pandemic has<br />

illuminated one of its greatest benefits: community<br />

support. The unmatched support<br />

from the home office and the franchisee<br />

network is unique to franchising and is<br />

one of the primary reasons for its success.<br />

For many franchise owners, this support has<br />

made all the difference during one of the most<br />

challenging periods in modern history. As<br />

Two Men and a Truck founder, Mary Ellen<br />

Sheets said, “All of us are smarter than one of<br />

us.” The same could probably be said about<br />

strength. All of us are stronger than one of us.<br />

If you would like to learn more about franchise<br />

ownership, our recently released list of<br />

this year’s Top 200 Franchises is a great place<br />

to begin.<br />

For more information on the companies in this report, visit www.FranchiseBusinessReview.com | 21

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