Article Contributed by Carly Evans
When people think about franchising, they normally think about fast food chains and other time-consuming businesses. The truth is, however, that there are tons of franchise industries that are economical on both time and investment. These low-cost franchise industries are also increasing in popularity; it’s easy to see why. With the U.S. economy in an unstable state, people want to be entrepreneurial but not too risky. These industries allow people to start their own businesses without the high-risk situation that a restaurant or similar establishment might yield.
So what are some low-investment franchise industries?
Cleaning Franchises
Cleaning franchises can span many types of services. The most popular right now are housecleaning services. Providing an affordable and trustworthy housecleaning service is important to many people in this busy world. They do not have the time to devote to their houses that they should and are looking for a professional clean. From a franchisee perspective, it’s perfect because it is a home-based business. You can dictate how many employees you have (if any) and how many jobs you take. There is flexibility in your schedule and low overhead.
Carpet cleaning, mold eradication, power washing and dry cleaning franchises are also in the cleaning category and can yield great business opportunities for a low initial investment.
Vending Franchises
Vending franchise industry is one of the best-kept secrets in franchising. Many people are unfamiliar with just how many vending franchises there are. Just to name a few that you see on a weekly basis are DVD vending kiosks, snack and soda machines, back massage chairs, ATMs and breathalyzer vending machines. All of these machines turn a profit for their owners—and that owner could be you! They are low-cost and many of them low maintenance. An option like massage chairs is great because there is no merchandise to restock. You only have to keep up with maintenance. These can be some of the least time-consuming franchises to own.
Pet Care Franchises
Pet care franchises are also low investment because it can be home-based or mobile. There’s no need to pay rent on a space when you can go to your furry clients easily! This is a great opportunity if you love animals; there are franchises that do pet grooming, pet sitting, sell pet supplies and dog walking/running. You can pick the facet of pet care you’re most intrigued by and spend your days playing with animals.
Mobile Franchises
Mobile franchises encompass all kinds of industry, everything from senior care, to vending, to cleaning, to maintenance. Though these franchise industries vary in initial investment costs and time consumption, there are several that can provide a fun work environment for little risk. Being constantly on the go can be the most interesting job you ever have—and being your own boss wouldn’t be so bad either.
The Bottom Line
Check out these new and upcoming franchise industries for more information about specific franchises. Most low-investment franchises are under $20,000 to start. Feed your entrepreneurial spirit without risking your nest egg.
About the Author
Franchise Advice Expert Carly Evans works as a Content Writer for www.FranchiseClique.com.