Franchises: How to Find the Best Franchise
by Nick Carter
Published on this site: July 13th, 2005 - See
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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 thats 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 youve probably already searched on the Internet
using keywords like Home Business Opportunity
or Work From Home, and youve 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 cant 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 $20,000.
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 isnt 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 dont
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 wouldnt become paying customers
was because they couldnt 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 approximately $50,000.
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 and healthy.
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 theres 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.
Nick Carter is Webmaster of http://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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