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Which Franchise Should I Buy? Profitable Options for Anyone.

  Рет қаралды 17,311

Franchise City

Franchise City

Күн бұрын

Little known but profitable franchise options exist for most buyers including blue collar workers, executives, semi passive, and more. Can you guess which industry has a 53 million dollar location with a $150k investment?
So lets say you are a blue collar worker, but well spoken, articulate, comfortable managing employees and you want to start your own business. There are many service type franchises that are a low investment and some have amazing returns. Many white collar executives also start service based businesses as most of these franchises seek executive, business building skills. In most cases you are not swinging the paintbrush or mop, you are running a business.
Some examples, plumbing, insulation, and disaster recovery. There is a franchise in this space with an investment of around $100k, that has a location that does 1.5 million a year in NET profit.
Flooring is another thriving industry, investment under $100k, financing is available for most franchises, and the average in one system, not their top producer, their average is $212k in NET profit, most owners see ROI in 90 days. Service businesses like this are low overhead, and in most cases you do not need the technical experience as you are are hiring and managing crews of employees or contractors to do the work. These types of businesses, at least initially, are not ideal for passive ownership, most, but not all, want a hands-on owner. We'll look at passive options in a moment.
Lets say you are a corporate sales executive who wants to start a franchise. Again, there are dozens of options including some service based as we noted above, that have sales functions as their primary driver. Owners might go into customers homes and give estimates in industries like construction or residential cleaning, which is a type of sales. Good cleaning franchises can easily average over a million a year, some much more. If you prefer to do pure sales a consulting type franchise is very low start-up, around $60k, and some owners do over a million dollars a year in revenue. Your overhead is basically your phone and your vehicle, so most earnings are profit. A Master Franchise is also a great option for sales pros, as you are actually selling unit franchises. One cleaning master franchise has top owners at almost 7 million dollars a year. Many multi-millionaires today got started by buying master franchise rights early on to an emerging brand that became very successful.
Another thriving industry right now is caring for seniors. Again, the owner doesnt need nursing or caregiving experience as they will be hiring those roles, but you should have executive or relationship building experience. Choosing a Senior care franchise can be a bit complicated as you have medical and non medical care, placement revenue, national accounts, longer term services, and each one may or may not be the best fit for your local market. Give us a call we can help you through that. Most senior caregiving brands can take a bit longer to reach ROI, so be prepared for that, but most generate over a million, and the most profitable franchise I have ever seen was in senior care with an incredible 53 million dollars generated last year. Investment is around $150k.
If you are someone who is not quite ready to leave your job, there are semi-passive franchises that will permit you to keep your job, and you can dedicate anywhere from 5-20 hours a week on the business. Certain industries are ideal for semi-passive and thousands of people ranging from first responders, executives, blue collar and teachers, started with one location, eventually opened more, and eventually spring boarded away from their job. Good options for semi-passive, some beauty concepts, including hair salons, investment from around $200k. There are also therapy or massage type franchises that can be remotely operated. Medical spas, if you have a higher budget $400k+and are in the right demographic, can be absentee owner run, and margins are very good. Fitness concepts, post pandemic are making a huge resurgence, boutique clubs that offer niche services like Yoga or martial arts have lower overhead and can be profitable, again depending on your market. Investment around $200k and net roi for some concepts around $200k+ annually.
Automotive can be a good niche, oil change shops can be profitable, and one aftermarket parts franchise has top 50% of their operators over $400k net revenue with an investment around $300k.
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Need help finding a franchise? Call Franchise City broker and consulting group: www.franchise....
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Пікірлер: 34
@hassanbazzi3545
@hassanbazzi3545 2 жыл бұрын
Every time I watch your videos, I got pumped up. Thank you for sharing
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Thank you for watching :-)
@chaz000006
@chaz000006 2 жыл бұрын
Not sure this is the right time to buy any franchise that doesn't do well in an economic downturn.
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Very true! We have shortlist of recession resistant concepts. Industries like senior care, automotive repair, cheap haircuts, disaster recovery, plumbing, all needs not wants and tend to do well in recessions. Thanks for watching!
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Questions? Need Expert help to Find a Franchise? Visit Franchise City Brokers and Consulting group: www.franchise.city/our-services 100+ VIDEOS IN OUR FRANCHISE EDUCATION PLAYLIST: kzbin.info/aero/PLH6cK_gCvwxc3xdGsn8O_ILaxVVjesjWF
@YosmelLGD
@YosmelLGD 2 жыл бұрын
Amazing video as usual thanks again !
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Thanks for watching!
@josephmathiaswagaba560
@josephmathiaswagaba560 Ай бұрын
Does Franchise City do business in the UK?
@FranchiseCityOnline
@FranchiseCityOnline Ай бұрын
Sorry, no we do not.
@conrump
@conrump Жыл бұрын
I’m living in Toronto right now and I am wondering what are good possible franchises to buy in your opinion?
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
We need to know more before making recommendations - call us! www.franchise.city/our-services
@saifulhaque5135
@saifulhaque5135 Жыл бұрын
In another word, call us, pay us and then we’ll tell you
@kioshamutch6874
@kioshamutch6874 Жыл бұрын
Hello, do your company prepare anyone who is looking into buying their first franchise with no experience of ownership in franchise?
@raythompson4619
@raythompson4619 Жыл бұрын
What was the name of the Senior Care franchise that topped over $53 million dollar mark? I have been looking to start something along those lines for a couple of years now. I would prefer to be associated with a tried and true company for maximum results as well as revenue. I have searched to see if I could find the particular one you were speaking of, however there are numerous ones that come up. Thank you.
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
Contact Franchise City - one of our brokers can help determine if the brand is available in your area and a match for your goals and skills: www.franchise.city/our-services Thank you for watching!
@andrewlaveryshow-stockanal9357
@andrewlaveryshow-stockanal9357 2 жыл бұрын
Can you do a video on pet supplies plus?
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
You can get a free review (and more) in 48 hours. If you are looking at a franchise you need more data than a general video :-) Just give us a call. kzbin.info/www/bejne/fnXVd5idirKGkKs
@mdnijam-nf1le
@mdnijam-nf1le Жыл бұрын
@kevinzhu16
@kevinzhu16 2 жыл бұрын
Active Registered Nurse, looking for senior care franchising opportunities.
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Feel free to give us a call: www.franchise.city/our-services
@raysmooth8144
@raysmooth8144 Жыл бұрын
Is a Hand and Stone Massage and Facial Spa a good franchise to own?
@ceshockey6
@ceshockey6 Жыл бұрын
what are the best franchises for a small town in canada?
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
Depends on your skills/background and the size of your surrounding population. Also your demographics and market demand. Most franchises have a population minimum, some smaller than others. If you need help determining which franchises would be the best choice give Franchise City brokers a call: www.franchise.city/our-services Thanks for watching!
@yas-lina-world
@yas-lina-world 2 жыл бұрын
Have you a video on Amazon hub franchise ?
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
You mean the DSP opportunity? This one is a bit dated but.....kzbin.info/www/bejne/bpeZdKmbh9BnhJI Thanks for the question!
@pipturbine473
@pipturbine473 Жыл бұрын
How about courier service
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
There is no perfect franchise for every situation. As a general rule, most of the courier/delivery franchised models are very sales-centric, meaning the owner must be adept at customer acquisition to drive the business. Local market and competition will also be a factor. If you need help finding the best franchise give us a call! www.franchise.city/our-services
@User-ef4pgm3dre33bdsrd
@User-ef4pgm3dre33bdsrd 2 жыл бұрын
🙏
@FranchiseCityOnline
@FranchiseCityOnline 2 жыл бұрын
Thanks for watching!
@tezz2u
@tezz2u Жыл бұрын
I am wondering if a Canadian citizen working in USA on TN visa can start a business in USA ? If yes, can anyone please provide full details ? Any videos, forums, articles or other online material that provides clear information would be greatly appreciated. Thanks guys
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
As a general rule you can "start" a business in the USA under those conditions, however you are not legally allowed to "work" in the business. The work must be performed by US citizens. Also, taxes will be a major consideration to avoid double taxation based on your citizenship. An option many people in your situation have used is an E2 visa www.franchise.city/e2-visa
@househead9952
@househead9952 Жыл бұрын
How can I learn more about starting a semi-passive franchise? Should I just call your team, and you can tell me more about the different industry to get into? @Franchisecity
@FranchiseCityOnline
@FranchiseCityOnline Жыл бұрын
Absolutely! We also have a (free) library of free research tools to help you conduct your research. Here is the page on what we do and how to contact a broker: www.franchise.city/our-services Thanks for watching.
@ccjackie1600
@ccjackie1600 Жыл бұрын
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