Franchises: How To Find The Best Franchise Opportunity For You
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Article Title: Franchises: How To Find The Best Franchise
Opportunity For You
Author: Nick Carter
Word Count: 937
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If you are looking for a franchise opportunity, the choice is
mind boggling. There are literally hundreds if not thousands of
different types of franchise available for you to invest in,
with the same variety in cost. Each have their own benefits and
usually the more you pay the 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 the
business model has already been proven. As a result, only 5% of
franchises fail in a year compared to the 30% to 35% of
non-franchise small businesses. This means that franchises are
the most successful way to set up your own business.
Selecting the 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 the 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 the Internet
anymore. You just can’t get something for nothing. You can,
though, buy the 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 the 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 the tricks of
the trade, and the easy to use equipment is, of course,
provided. This lucrative opportunity is available for around
There are many different types of franchise businesses
available including computer service businesses and even car
repairs. There are a few examples at the 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 the initial franchise costs as well as the
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 the initial outlay to purchase goods or raw materials to
create the 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 the right hands.
These costs can combine to total anything from under $50,000
right up to $1,000,000
Examples of franchises available.
V2K has a product that really sets itself apart from the rest
of the competition. They specialise in creating window
fashions, and their selling point is the virtual shop window.
They create a computerized graphic representation of the window
so that potential customers can see for themselves exactly what
it would look like. Previously one of the main reasons that
potential customers wouldn’t become paying customers was
because they couldn’t ‘visualize’ the end result.
The V2K program means there is no need to purchase premises,
and should you wish to do so, a simple storefront would do. No
need to purchase any inventory thus saving you a little more
money. No need to purchase a special company vehicle. Initial
training is included in the start up fee along with ongoing
support. The average total investment for this franchise is
Looking on the Internet for franchise opportunities you will
see plenty of success stories pertaining to ‘The Little Gym’
franchise. As a stand-alone business, The Little Gym has been
in operation since 1976 so you really are buying a proven
business. The Little Gym helps children develop motor skills
and builds confidence as well as burning energy and keeping fit
The average outlay needed to own and run The Little Gym as a
franchise is approximately $150,000 but you are not only buying
into a proven name you are also helping make a difference to
children in your area. A small price to pay.
The key to making a success in a franchised business is to
choose a franchise that matches your interest. Is it food,
automobiles, fitness perhaps? These days there’s a franchise
for just about everything. Then, narrow down your options ,
taking into account the capital you can invest, the track
record of the brand and the success stories of other
franchisees. Due diligence is the key – thorough research at
this stage, is the solid foundation for a successful business.
©2005 Nick Carter
About The Author: Nick Carter is Webmaster of
www.best-franchise-resources.com . As the name suggests,
the website is aimed at being a comprehensive resource for
anyone considering purchasing a business franchise.
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