Benefits of Owning a Franchise in Los Angeles
As a franchise system we’ve been growing rapidly in the past few years and it doesn't look like we’re going to stop any time soon. In fact, we’re looking for a few good men and women to help us expand our foothold in Los Angeles. So why should you consider an OpenWorks franchise in Los Angeles?Economic GrowthAs a state, California accounts for 13% of national GDP, 12% of the nation’s population, and 11% of all jobs. In fact, Los Angeles County itself has more jobs than 42 states and D.C. Los Angeles also boasts the most populous county in California. Plus, if it were a nation, it would be the 21st largest economy in the world. That leaves a lot of room for potential job and economic growth for a new business or franchise in the area.But Los Angeles doesn’t just have impressive numbers for jobs, it has also been growing. California added the most non-farm payroll jobs from March 2013 to March 2014 bringing the state’s ranking to #6 for states with most per capita job gains. Finally, the Los Angeles metropolitan area itself accounts for almost a third of the state's job growth since 2010.
- Key Takeaway: Los Angeles boasts impressive potential in economic and job growth factors. But it is also rebounding steadily from the great depression for an improved future outlook. This creates an ideal situation for a new business opportunity in this thriving metropolitan area.
Market GrowthSo L.A. flaunts impressive economic numbers. But how does it’s industries shape up for an OpenWorks franchise? Well, first Los Angeles is the manufacturing capital of the United States. So there is a plethora of commercial businesses in need of cleaning services. In fact, California’s housing and construction is up substantially in 2014 with strong gains in leisure and hospitality services as well as health services. These are all ideal prospects for commercial cleaning clients.One of the most encouraging market growth indicators is an increase in industrial construction with non-residential permits expected to increase in the coming years. Residential permits also saw a sharp increase in 2013 which is expected to continue in the coming years. But that’s not all, California has also seen brisk growth in retail centers that have nearly doubled their employment. All of these increases in construction point towards more possible customers for your OpenWorks franchise.
- Key Takeaway: Critical industries for commercial cleaning clients have been on the rise in Los Angeles in recent years. With continued projected growth, it is the perfect city to open a new business and experience success.
Are you ready to own an OpenWorks franchise in Los Angeles? Contact us at 877-399-7895 to learn more about the OpenWorks difference or visit our website at www.openworksfranchise.com.[gravityform id="3" title="true" description="true"]
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