If you are looking for a franchise opportunity, the choice is mind boggling. There are literally hundreds if not thousands of different types of franchise available for you to invest in, with the same variety in cost. Each have their own benefits and usually the more you pay the more potential to earn. You obviously want to select a profitable business venture so it is important that you thoroughly research.
The major benefit of starting a franchised business is that the business model has already been proven. As a result, only 5% of franchises fail in a year compared to the 30% to 35% of non-franchise small businesses. This means that franchises are the most successful way to set up your own business.
Selecting the franchise that's right for you.
Types of business franchises.
Have you ever wanted to take control of your life, run your own business from home and spend more time with your family? If you have you've probably already searched on the Internet using keywords like 'Home Business Opportunity' or 'Work From Home', and you've probably also failed miserably only finding scam opportunities and sites that want to take your money for nothing in return.
There are virtually no free opportunities on the Internet anymore. You just can't get something for nothing. You can, though, buy the franchise for an established company and run it how you want to.
Some franchises, like Press-A-Print will offer you full training so that you can truly hit the ground running. Press-A-Print are a printing company and you get full training helping you become fully skilled at printing any image onto any product. Hands on sessions mean you will learn all the tricks of the trade, and the easy to use equipment is, of course, provided. This lucrative opportunity is available for around $20,000.
There are many different types of franchise businesses available including computer service businesses and even car repairs. There are a few examples at the end of this article.
Costs of buying a franchise.
There are other costs associated with buying and running a franchise of your own. There are usually less costs associated with beginning a home business; there are no building costs, no utility costs and no purchase costs but an online home based business isn't for everyone and there are franchises to suit all your needs and requirements, whatever those needs may be.
There are always costs associated with setting up your own business, and owning a franchise is no different. The big difference, of course, is that you are buying a business that already has a proven brand and often popular well known name.
You will have to pay the initial franchise costs as well as the purchase of land or buildings or a security deposit on rented buildings. Often your dream location will need a little work to make it your perfect dream and this will all cost money. If your new franchise business is a produce selling business you may need the initial outlay to purchase goods or raw materials to create the goods. Shipping, sales tax, insurance, labour cost and solicitors and accountants fees may all play a part too and should be budgeted for but don't let this put you off buying a franchise. They can be extremely profitable in the right hands. These costs can combine to total anything from under $50,000 right up to $1,000,000
Examples of franchises available.
V2K has a product that really sets itself apart from the rest of the competition. They specialise in creating window fashions, and their selling point is the virtual shop window. They create a computerized graphic representation of the window so that potential customers can see for themselves exactly what it would look like. Previously one of the main reasons that potential customers wouldn't become paying customers was because they couldn't 'visualize' the end result.
The V2K program means there is no need to purchase premises, and should you wish to do so, a simple storefront would do. No need to purchase any inventory thus saving you a little more money. No need to purchase a special company vehicle. Initial training is included in the start up fee along with ongoing support. The average total investment for this franchise is approximately $50,000.
Looking on the Internet for franchise opportunities you will see plenty of success stories pertaining to 'The Little Gym' franchise. As a stand-alone business, The Little Gym has been in operation since 1976 so you really are buying a proven business. The Little Gym helps children develop motor skills and builds confidence as well as burning energy and keeping fit and healthy.
The average outlay needed to own and run The Little Gym as a franchise is approximately $150,000 but you are not only buying into a proven name you are also helping make a difference to children in your area. A small price to pay.
The key to making a success in a franchised business is to choose a franchise that matches your interest. Is it food, automobiles, fitness perhaps? These days there's a franchise for just about everything. Then, narrow down your options, taking into account the capital you can invest, the track record of the brand and the success stories of other franchisees. Due diligence is the key ? thorough research at this stage, is the solid foundation for a successful business.
©2005 Nick Carter
Nick Carter is Webmaster of http://www.best-franchise-resources.com. As the name suggests, the website is aimed at being a comprehensive resource for anyone considering purchasing a business franchise.
One thing I have noticed in my travels to different... Read More
Fuel prices these days are quite high and they take... Read More
What is Business Valuation? The term business valuation is the... Read More
Are you -- like 70 percent of small business owners... Read More
So you think you're not justified in taking time away... Read More
If you are a franchisee of a large franchise system;... Read More
I agree that knowledge should be free, but the next... Read More
Providing high quality customer service is a must for any... Read More
Perhaps you are building a new home office or you... Read More
Auto Detailing: Maintaining A Commercial Carpet ExtractorYou should drain your... Read More
If you discovered the bottom line in your business depended... Read More
BioTechs even with the latest news had shed over 1000... Read More
We love Wichita because it has great all round weather... Read More
The Federal Trade Commission out of the blue decide in... Read More
You know what makes me really happy? Drinking a Starbucks... Read More
We were more than excited. Our women's doubles tennis team... Read More
Whether it has been thrust upon you by external market... Read More
"What do you do?" It just might be one of... Read More
Do you need grant funding for your nonprofit organization? If... Read More
Most smart entrepreneurs and all large corporations have Employee Relations... Read More
Whether you are an Entrepreneur or Business Professional there are... Read More
In the book Women and Small Business author gives all... Read More
When does your ego get in the way?Let's go back... Read More
Articles abound advising the business community how to properly screen... Read More
To maximum potential profits and dollars in a mobile washing... Read More
If you own a mobile car washing, pressure washing or... Read More
Marketing is one of the four corner-posts of a solid... Read More
Boston itself covers 50 square miles of concrete and traffic,... Read More
While driving through Pennsylvania farmland, you have probably noticed an... Read More
Many new ventures are preoccupied with all the money they... Read More
In this series of articles I'm going to show you... Read More
Concrete Roof Tile Business: During the 2004 summer season, storms... Read More
1. TargetYou are not all things to all people. Decide... Read More
When working properly, computers enable small businesses to make big... Read More
If you have a busy private practice, chances are you... Read More
How often has someone thought of starting a business based... Read More
Would you rather have one good client paying you five... Read More
Are you -- like 70 percent of small business owners... Read More
The choice to incorporate a small business in Florida has... Read More
If you interviewed business owners of failed businesses, a majority... Read More
If you're looking for start-up capital for your business, but... Read More
In the Truck Washing Business every single type of vehicle... Read More
Most small businesses will not even try to advertise on... Read More
So there I was ? sitting in the audience of... Read More
Many times small businesses want to expand their businesses and... Read More
Just a few years ago, when one thought of a... Read More
The Workers' Compensation situation in this country is unbelievable. Why,... Read More
The resume writing service serves an important role in the... Read More
Congratulations, you are starting a small business! You are taking... Read More
TRUTH IN THE LAWN MOWING INDUSTRYWe do not wish to... Read More
A recent survey indicated that clean Taxi Cabs Fleets have... Read More
Company mottos can easily be printed on a business card.Sometimes... Read More
Outsourcing is the strategic use of outside resources to perform... Read More
In my previous article, Step 1, your challenge for the... Read More
-- Beyond Cold Calling, "Warm" Calling and Sending E-mails --Many... Read More
Your business is making profits, but where is the cash?... Read More
Thinking of starting a business on line? If so there... Read More
There is a Batting Cages Business for those people who... Read More
As long as you eat and breathe you will stay... Read More
1. TargetYou are not all things to all people. Decide... Read More
Small business owners often enter their field with great expectations.... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
Have you ever wondered what the difference is between a... Read More
Most business owners know when they need an accountant, but... Read More
The stock market is still on a wild roller coaster... Read More
Everything starts with a business plan: If you don't have... Read More
Small Business |