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