Franchise Ideas
Among the most important questions, every new entrepreneur needs to ask themselves is if the business they wish to run is suitable for the territory and the population they would operate.
Naturally, if you are going to work in a big city, there are enough potential customers, but what about opening a business in a small town?
Franchises are known as one of the best ways to build up your own business, as they reduce many start-up risks.
Being able to rely on tried and proven business formula and having the support of an experienced mentor, provide a big chance that your venture could succeed.
Still, like any other business opening a franchise, especially in a small town, require some profound research before throwing yourself into action.
More so, factors such as demographic and competition should be scrutinised very carefully, as they can be crucial whether your franchise will prosper.
In this article, we selected the three top franchise ideas, suitable for small towns:
Automotive Franchises
If you are interested in cars and know the differences between the cylinder and spark plugs, then investing in an automotive franchise is probably the best idea for you.
The demand for services in this sector is never short, as it estimated that over 3 million cars are sold every year in the UK.
More so, in the past 20 years, automotive franchising is in a constant rise, as nearly every part of the industry has been effectively franchised, which means there are plenty of options to choose from.
Cars are a necessity in our life, but with the time they tend to have many problems and having a mechanic that people can rely on is always important.
Opening a franchise business under a brand that has already established its way of operating in such a competitive sector will give you an edge with the competition.
Apart from the maintaining services, other great franchise ideas are driving services, selling specialised merchandise and tuning services, including interior design and car-art.
Naturally, automotive franchises required some investment in stock or lease (if you are going to open a garage). However, there are plenty of affordable opportunities starting from around £5,000.
Home Repair And Improvement Franchises
Another great franchise idea that you can successfully implement in a small town or village is a home repair and improvement business. The range of possibilities here is perhaps the broadest in the industry.
It includes everything that a modern home could require, from removing and preventing mould, through security products and services until interior design and renovations.
With nearly 30 million houses and flats in the UK, that require any kind of services, you can imagine how vibrant the home improvement business sector is.
Naturally, before deciding on which specific services to focus on, make your due diligence.
Invest some time and efforts in researching in your area approximately how many homeowners there are, what kind of other home repair and improvement businesses are operating in the area, and if possible to establish which type of service or product is in demand.
With this wide range of franchise ideas, it is only natural, that the price range of the business will be quite broad too. However, our research shows that the average investment price in the sector is around £10,000.
Care Franchises
From people for the people. The care industry is undoubtedly the most rewarding in the sense of personal fulfilment.
But it is not for everyone, as it requires determination, empathy and excellent people skills. The good news is that if you do have all these qualities, you are the perfect candidate for opening a care franchise.
Top tier baby-sitting services, home care for senior citizens, varieties of support in case of illness, the franchise ideas on the market are plenty.
Running a business like that also contribute to the development of the community and improves the quality of life in the area, meaning you can take great pride as a valuable member of your society.
Typically, franchise ideas in the care industry cost approximately £20,000.
The price includes varies of licenses that performing these services requires.
However, there are some opportunities for half of this price and which one you will apply for depends on your financial abilities, interests and environment.
In conclusion, there are plenty of great franchise ideas, that you can devote your time, capital and efforts apart from these three sectors.
Profound research and good understanding or your abilities, qualities and ambitions are your best tools in selecting to the right opportunity for you.