Franchise opportunities during the Coronavirus
I hope you and your loved ones are well. We’re all nearly two months into this time of change and uncertainty, but its impact may be different for each of us. I’ve found that periods of intense stress come and go, but overall I’m feeling grateful. You may have also found a new or different perspective or lens through which to consider your long-term goals and objectives. I continue to be impressed by my candidates and their ability to take action now to move toward long-term goals.
Amid the unpredictability, essential businesses have continued to operate and others are beginning to reopen, all with new requirements for health and safety protocols. Franchisees are fortunate to have support from their franchisors and the International Franchise Association to navigate this new landscape, while many independent mom-and-pop shops may be struggling to stay afloat and in danger of permanently closing.
It’s a great time to look at one of the best-kept secrets in franchising.
The less “sexy” or less glamorous businesses, which are often overlooked, offer huge advantages. Take, for example, the home service category. There’s high consumer demand because most of us have a strong interest in maintaining the value of what’s frequently our biggest investment, our home. But few have the time, tools, and talent to do home-related projects ourselves.
Home service franchises offer many benefits. They frequently require a low investment while boasting faster ramp-up periods and higher profit margins than most other businesses. Add to that their huge customer demand, easily scalable and recession-resistant nature, and minimal competition. Many also have a recurring, repeat customer base, which means predictable income and scheduling.
Here's a new franchise opportunity in the “best-kept secrets” category.
This home services company has been in business for 30 years but just started franchising last year and is off to a flying start. The founder has partnered with a veteran, industry-leading franchise consulting company to put together an incredibly experienced franchise leadership and executive team.
This is a chance to get on board with an established company in its early stages of franchising, while territory is available and competition is minimal.
Here are the basics:
Executive owner business model
Low all-in investment of $100,000 - $125,000
Minimal overhead
High margins
Extremely simple systems
Minimal staff (non-skilled labor) required
Easily scalable
No brick and mortar facility required
Very fragmented local competition (no national franchise competition)
Strong national vendor partnerships
Click here to schedule a call to learn more about this great business opportunity.
Be safe, love your neighbors, hug your family, and give if you can.