Best Franchises for Women Entrepreneurs
Female entrepreneurs are an integral part of the small business community. They own more than 12 million of the nation’s small businesses and employ over 10.7 million people. The franchise business model helps propel female entrepreneurship by offering a flexible and supportive framework. Take the first step towards owning a successful business today by finding the best franchises for women entrepreneurs in diverse sectors.
Franchising Offers Turnkey Opportunity
Franchises provide a proven business model, which is especially beneficial for aspiring business owners who want the structure of an established brand. With training, brand recognition, and ongoing support, franchises lower the barriers to entry for women entrepreneurs. Many franchises also prioritize gender diversity, offering support networks, and promoting leadership development to empower women.
Female entrepreneurs are achieving success as franchisees. At least 48% of female business owners pursued franchising in 2024, according to data collected by Guidant Financial. The average annual income of female franchisees on Franchise Business Review’s “Top 50 Franchises for Women” was $92,000. And 88% of these female franchisees said they enjoy operating their business and 33% are multi-unit owners.
Finding the Best Franchise for Women to Own
If franchising sounds like a viable option, research to find a brand that fits your financial and lifestyle goals. Do you want to own a storefront or a work-from-home business? Do you want to manage employees or be an owner-operator? Understanding your goals will put you on the right path.
Successful female franchises exist in every industry. But there are certain segments of franchising where women thrive. Let’s take a closer look at some of the best franchises for women:
- Senior care services: By 2040, one in five Americans will be age 65 or older, the Urban Institute As the population ages, demand for senior care services is surging. The senior care market hit $923.2 billion in 2023 and is expected to grow by a Compound Annual Growth Rate of 4.16% through 2030. A senior care franchise can be a rewarding and lucrative opportunity for compassionate female entrepreneurs.
- Tutoring: As students struggle to regain learning loss from remote schooling, parents are turning to tutoring to help bridge the gap. Female entrepreneurs can offer tutoring online or open a brick-and-mortar location. For women passionate about education and community involvement, this business has the potential to be both profitable and meaningful.
- Health and wellness: As more Americans recognize the benefits of fitness for both physical and mental health, gym membership hit a record high of 9 million members in 2023, and the average member visited a facility 81 times annually. There are many different types of health and wellness franchises, from large gyms to personal trainers. There are also many fitness franchises targeting female customers, putting a woman owner at an advantage.
- Staffing: The staffing industry provides businesses with flexible employee solutions. They can add and contract their workforce based on seasonality or project demand. As demand for a flexible workforce continues to grow, a staffing franchise offers the stability and steady income potential many female owners desire.
A Place At Home: A Top Choice for Female Entrepreneurs
If you want to make a difference in your local community, A Place At Home can help you build a business in the senior care industry. Our home care franchises take advantage of multiple revenue streams to enhance profitability. We offer in-home senior care, care coordination, senior living alternatives, and staffing solutions. Become your community’s go-to resource for seniors!
Fill out a franchise inquiry form to learn more about A Place At Home. We’ll connect you with an expert from our franchise team.