If you are looking for a franchise opportunity, choice is mind boggling. There are literally hundreds if not thousands of different types of franchise available for you to invest in, with same variety in cost. Each have their own benefits and usually more you pay 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 business model has already been proven. As a result, only 5% of franchises fail in a year compared to 30% to 35% of non-franchise small businesses. This means that franchises are most successful way to set up your own business.
Selecting 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 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 Internet anymore. You just can’t get something for nothing. You can, though, buy 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 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 tricks of trade, and 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 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 initial franchise costs as well as 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 initial outlay to purchase goods or raw materials to create 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 right hands. These costs can combine to total anything from under $50,000 right up to $1,000,000