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April Post from Lucky Charms Sponsor Franchise Coach: What kind of businesses are franchised?

FranchiseCoach

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WHAT KIND OF BUSINESSES ARE FRANCHISED?

From Cookies to Cruises, Franchising Covers the Gamut of
American Businesses

There’s a question we hear all of the time: “I want help buying a franchise but I’m only interested in Subway or Starbucks. Why should I look at anything else?”

The answer is that there are thousands of franchised businesses, each with their own benefits, entry costs and ROI. When looking at owning a business, it is much more important to consider how this business fits you than it is to consider what kind of product or service is being provided. In many cases, those wanting a specific food franchise aren’t even aware that other types of business are available as a franchise. Most people equate franchises with burgers, subs and coffee but there is a lot more to franchising than cheeseburgers and lattes.

So what kinds of business are franchised? Just about anything you can think of!

Children and Pets
Owning your own business working with kids or pets is all about FUN!

Businesses aimed at children and pets not only fill an important niche in the community, they are the hot ticket in the franchise community.

Services and products for children abound in the franchise industry and you can find a variety of opportunities which will allow you to use your creative skills and talents. If you love arts and crafts, you’ll enjoy researching the variety of children’s art franchised businesses available. Children’s party/adventure franchises are a hit with both kids and their parents while a school uniform business can put you in a great business with a repeat customer base and attractive retail store hours.

Children’s technology franchises are not only fun to run but they provide an important service by bridging the gap between what school systems can offer and the education children need to succeed in our tech-savvy world.

If your child is named “Fido or Fluffy,” a pet franchise may be just what you’ve been looking for. According to the Humane Society of the United States, there are approximately 65 million owned dogs in the U.S. and 39% of households have at least one dog. Thirty-four percent of households have at least one cat. Those precious pets need a lot of TLC – everything from training to grooming. If a furry friend shares your home, you can combine your love of animals with a fun and exciting business.

Business to Business Products
Providing top-notch products and service to the business community!
For quick ramp-up when establishing a new business, you can’t beat joining a company that provides B2B products. The reason may be that companies need your products and come looking for you!

Business-to-business companies offer a valued product or service along with a franchise model that can put you in charge. These opportunities range from very low cost, home-based businesses to store-front companies. You will find a plethora of franchised business in this category – everything from ink cartridge refill services, sign companies, business coaching, advertising, personnel and janitorial services, window cleaning, print and ship centers – and so much more. You are sure to find something here that matches your interests and experience – or, maybe, sparks a desire for a whole new career.

If you've always wanted to be a business owner, but you also wanted the stability of being part of the business community, a B2B franchise may offer you the right combination of security and entrepreneurial spirit.

Auto Care and Travel
On the go franchise opportunities for those who have a destination in mind!

What do Americans love more than their cars? Not much! And that’s why the auto aftercare market is so large. With concepts like auto painting, auto repair, window tinting and replacement, detailing, batteries, door look opening services and much, much, more, you can finally indulge your desire to do what you love while owning a great business.

If your daydreams include endless sunshine and the deep blue sea, you may be a candidate for the travel industry. Experience in the industry is not necessary but if you have a passion for travel and cruising, this may be the job of a lifetime. If you’re great at sales, a business selling advertising to the travel and tourism industry is not only a fun home-based franchised business, it can be done part-time. Whether your dream job is tinkering with cars or helping people plan fabulous vacations, there is a franchise opportunity that could be your dream career.

Home Improvement
Because there are better ways to repair your home than with duct tape

One of the largest categories in franchising is the home-improvement sector and for good reason: our homes are not only our refuge but they are a symbol of our success.

Franchise opportunities in this category are endless. If you have an inner interior designer dying to get out, take a look at one of the wonderful franchise opportunities available in window fashions and blinds, floors and carpets, kitchen remodeling, closet and storage design, outdoor lighting or even stained glass. Handyman franchises are very hot because we all have a list of needed repairs with no time to do them.

And speaking of time, who wants to spend precious weekends fertilizing and weeding? Lawn care services are in demand and provide a great opportunity for someone who wants to spend more time in the outdoors. Now that most homes have two working adults, housework can be a real problem – which is why you may want to look into a home cleaning franchise.

Financial experts tell us that our homes are often our greatest assets and for that reason people are willing to spend money maintaining and even improving them, no matter the economic climate. You can help your community by providing such services as dryer vent or duct cleaning, picture framing, junk removal, water damage cleanup, carpet cleaning, basement crack repair, mosquito spraying, drain cleaning, and appliance and electrical repair. For those selling a home, an inspection franchises and home selling franchise can be a big help. Home painting franchises are another option for someone interested in adding lasting value to his customer’s homes and if you like retail sales, you may want to investigate an upscale furniture franchise opportunity. With the number of home-centric franchise opportunities available, you are sure to find something that fits your needs in this category.

Fabulous Franchising Opportunities Abound

It may seem that I have already covered franchising from A-Z but there are so many more types of franchises available. Senior day care is an important category and very timely as well because the leading edge of the largest sector of the population – Baby Boomers – is approaching retirement. Health and beauty remains a popular category for much the same reason. People are more health conscious than ever and health-focused franchises offering nutritional supplements and exercise opportunities are growing quickly. Personal services, such as tax preparation, dry cleaning, hair care, tanning salons, and computer education will find a ready market in most any location.

Food, Glorious Food

And yes, there are lots of food franchises, too. In fact, there are more food franchises than you can possibly imagine, many more than the few food franchises you are familiar with in your neighborhood. The number of opportunities available in food franchises means you will be able to offer your customers something unique and different from what they are used to.

There’s a caveat about food franchises, however. They are most often the franchised businesses requiring the greatest amount of investment and the largest amount of specific skill/experience. Owning a burger or pizza franchise means you may need to manage a large number of employees, work long hours, and obey local health code requirements. Upsides to food franchises include status and brand recognition.

However, if you can meet the requirements and are willing to put in the extra work, a food franchise can be a very lucrative business. Just don’t limit yourself ahead of time by choosing your future business – food or any other franchise – by name rather than by qualities. With so many franchised business to choose from, the one that fits you to a tee may be the last business you expected to own – yet the best job you’ve ever had!

Let me know if you'd like to learn more.
 
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