Anyhow, I have something different in store today. As this is somewhat my personal blog about photography I figured I’d write about something else today. While I was at the subway store I got talking to the owner about franchising and found out that a Subway location costs a lot to start up. But he gave me a little information about cheaper franchises that can be started with as little as $10,000. So I put all the information together below that I researched in case anyone reading my blow was interested also!
Individuals looking to invest in entrepreneurship are usually interested in reaping the benefits that accrue to entrepreneurs as a result of owning a business – independence, reasonable profits, and the freedom to do what one wants. However, the uncertainties that surround the business world make entrepreneurship seem not very lucrative. Reason being, one can quickly lose all his money in a bad investment. Franchising offers a way out for individuals who feel overwhelmed by the thought of venturing into business.
How Franchising Works
With franchising, individuals get the best of both worlds. Since franchising offers individuals access to a system that has been tried and tested, even the ?greenest’ of entrepreneurs have an increased chance of realising success. Basically, the franchisor, who is also the owner of an already established business, allows an individual(s), who is interested in investing in a venture that has a similar orientation to his. To operate under his business’ name, in exchange for a reasonable fee.
The franchising fee is dependent on some factors, for instance, the expected profit margins, the number of services afforded to the franchisee, and the type of business. The following are some of the franchises opportunities under $10k available in the U.S market today.
Speaking Roses is a global company that operates at a level that is unrivalled. The company has a unique technology that allows its staff to print on roses. This type of franchise is ideal because it is one of a kind and has a limitless potential to grow. In addition to the flexibility of being operated from home, a kiosk, a store, or even online. Franchisees benefit from some perks: world-class support and training, a proven system of business operation, a high-quality website, and a huge market to enable one to satisfy the needs of his customers.
Speaking Roses is a brand that has earned a good reputation in the global market space. Famous Media platforms such as CNN, Forbes, Miss America, the Wall Street Journal and many others platforms have recognised the brand. The franchise fee for this unique business is $7,999.
The BBQ Cleaner
The BBQ Cleaner is a venture where one can truly satisfy the needs of his clientele: transforming even the dirtiest BBQ grills to sparkling clean. Over the past few years – since 1994 – the BBO Cleaner has expanded its business to over 265 locations around the globe. Also, the fact that the materials used are biodegradable, eco-friendly, non-toxic, and friendly to the environment is even more amazing. When combined with a tried and tested system, the before-mentioned become a real recipe for success.
After joining the BBQ grill cleaning service, a franchisee is guided through the entire process of starting his business, through mentorship and training. The BBQ service is one of a kind: when a franchisee’s clientele discover how well he offers his services, they will use the services repeatedly. The franchise fee for this lucrative business opportunity is $8,000.
Superglass Windshield Repair
People who own cars spend significant sums of money replacing their windshields. The Superglass Windshield Repair company specialises in offering a solution to the predicament mentioned beforehand: repairs. Sometimes all a windshield requires is repairing, and not replacing. Superglass has built a reputable history since 1992 for high-quality glass repair services and products. The client base for this type of business is the Rent-A-Car companies, Commercial Fleets, Auto dealerships, Individual motorists, and Insurance Companies. Depending on the kind of client and number, market segments vary from $20 to $100 per vehicle.
Superglass Windshield Repair furnishes its franchisees with information on relevant business information such as the type of tools needed, how to approach the market, and how to repair damaged glass flawlessly. The franchise fee for this sort of business is $9,900.
To Sum it Up
Venturing into the entrepreneurial world can be quite intimidating. If one does not have adequate information, skills, or even the tools required to offer quality services, becoming successful in business may seem far-fetched. With franchising. However, realizing success in business is made more practical. The franchisor furnishes the startup exec with all the information, tools, and mentorship he requires to become successful. The above discussion reveals how the entire process works and shows some of the most lucrative franchises under $10k.