28 Dec Franchise Opportunities: Low-Cost Franchise Investments
Many entrepreneurs, both first timers as well as experienced business veterans, are seeing the immense benefits of investing in an existing franchise as opposed to starting their own business from scratch. However, many potential franchise investors who are not familiar with the market are unsure of the most lucrative opportunities that are more affordable as initial investments. A general glance at the most popular franchise opportunities presents a picture of a market that is both difficult to navigate as well as seemingly exorbitant in price. In this post, we will explore lesser-known franchise markets that present opportunities that require a low-cost initial investment that potentially yield profitable returns, allowing for a wider market of potential investors looking to expand their horizons.
The first market of low-cost franchise opportunities for new investors would be in the field of home-based services. These are services that can easily and affordably be provided from the comfort of your own home without any investment in a brick-and-mortar location or the monthly expense of renting an office space. This model provides a lower overhead cost while still yielding opportunities for massive profits. Common services in this field include business consultation, marketing services such as internet or other mediums, and cleaning operations. Under this model of franchise opportunities, a dedicated and resourceful entrepreneur can find financial success from the comfort of their home, never having to worry about making rent or utility payments beyond their current living space.
Another lucrative low-cost franchise opportunity resides in the field of mobile professional services. Much like home-based service franchises, mobile service franchises provide the luxury of not requiring a physical location. Instead, the service provider merely travels to the customer’s location, only needing to cover the cost of mileage and capital that is necessary to the service being provided. These types of services range from car repair/detailing and home repairs to salon services and home food delivery. In a world that is seeing a rising customer demand for services to come to them instead of vice versa, the home service market provides a lucrative opportunity for franchise investors.
Finally, keeping with the consistent aspect of not requiring brick-and-mortar locations, the online service industry has been booming over the last few years, as we see a market environment where major American industries such as department stores exploring the avenue of online-only business models. Not having the overhead of maintaining physical stores is an obvious incentive for businesses to maximize their profits by saving on this major expense. Common online services that are popular among investors include internet marketing, web design, financial consultancy, and online merchandise. Be it financial experts or veterans of industry, every one can easily observe that online business models, even with physical locations, are the future of entrepreneurship.
If you are interested in making an investment in franchise opportunities that are affordable, you will need the expertise of a professional business broker that can help you navigate the markets to find the best opportunities for you. Contact Moche Hazout today!