According to the most recent wedding report, wedding planning is a $72 billion industry in the U.S., rich with opportunity for our franchisees to provide support to millions of couples nationwide. What’s more, according to Allied Market Research, the global wedding industry is projected to grow at a CAGR of 4.8% from 2021 to 2030, reaching $414 billion by the end of the decade.
Now is a great time to become a Complete Weddings + Events franchise owner.
The cost of a wedding can vary based on a wide range of details, preferences and even location. According to their annual Real Weddings Study, the experts at The Knot recently reported that the typical cost of a wedding is $28,000 and that nearly one-third of marrying couples hired a wedding planner.
On average, the 21,000 couples who responded to The Knot study hired 14 different vendors to help with their big day, and according to the Brides American Wedding Study, well more than 80% of couples indicated that planning their wedding was challenging. This is why the wedding planning industry is booming. As a Complete Weddings + Events franchise owner, this is an opportunity for you to really shine. Your ability to plan and manage the important details of a wedding will allow you to ease the stress of busy couples and ultimately grow your event planning franchise through positive word-of-mouth.
Find out about the training you’ll receive as a franchisee.
While a wedding planning franchise is a year-round business, you can also expect that special event planning will play a big role. Corporate events, fundraisers, music, and art performances, along with other private and public celebrations are an opportunity to grow your reach as a Complete Weddings + Events franchise owner. As a matter of fact, the U.S. events market generated nearly $95 billion in 2020, and according to Allied Marketing Research, it’s projected to have a 13% CAGR from 2021 to 2030, reaching $538.6 billion.
Joining the wedding industry as a Complete Weddings + Events franchise owner gives you access to two booming industries and multiple income streams.
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