Prime location franchises
Are we looking at prime location shop front food outlets and coffee shops or are we looking at home based franchises? Because there is quite a difference in the initial entry level fee, the fee, the available funding required and the size of the potential bank loan needed.
The more expensive the initial costs for example those that cost £75,000 to £100,000, the more likely that the franchisor can assist with funding whether it is with the bank or in house financing.
Having said this, banks are far happier lending to a franchise business as opposed to independent start-up businesses. Whatever the case may be, home based or not, more people are choosing it as their preferred method of investing in their own business.
Choosing the right home franchise is imperative with so many options available today. Do you have a background in tax and accounting, or real estate agency? Perhaps you are a travel agent working in a major shopping centre and are tired of the traffic and the time it takes to commute to and from work every day. Food retail are available and so are pet food franchises
This is one of the many reasons a home based business and stay at home opportunities are becoming more and more sought after.
Fortunately, as with any of them the best versions are sold by territory or area so even with a home type business, your local community will be your territory providing of course it is available.
Once you have decided on the industry you are interested in then research your local area to see what is missing before you add or discount different home based opportunities. A business that doesn’t immediately jump out at you could end up being one of the perfect at home franchises for your shortlist.
Best home business franchise
Test this theory first and do internet searches for those you are researching. If there are many, many of the same service available right around the corner then it may not be the best one. But if the opportunities you are interested in do not have any local representation then this could be just the one for you.
Even if a customer is using an online service, it is still somehow more comforting to know that they are dealing with a local business. This is especially important if the home venture is a call out service.
The cost of investing in stay at home franchise opportunities can be found for under £5,000. Don’t be confused with a business which can often mean taking the bookings from a home office environment but offering the service on the road or other premises.
For example a photography business could be taken on the road to save the upheaval of young mums bringing their babies into unfamiliar surroundings. It is possible to invest in some of the best varieties for under £20,000.
With so many low cost home based opportunities to choose from and indeed those that cost £75,000 to £100,000 and beyond why not enter your details on the form above and take a more ‘tailored to you’ approach to your search.
It will take less than a minute to complete the form and use the FREEE service offered by this site to compare a range of pre-approved franchise companies that suit your requirements.