There are more entrepreneurs today than ever before; digital tech has enabled a new breed of businessperson and the smart entrepreneur starts with a franchise. Why is that? Well, a franchised business is like another branch of the already successful operation that has a great name in the industry and is a winner with the consumer. The mother company sets you up and provides the necessary support to put your business on the map and is with you every step of the way.
Here are a few sectors where franchise opportunities exist;
- Car wash/detailing – Either at a fixed venue or as mobile units, several national brands offer franchises in specific areas.
- Food & beverage – From franchise hot pot to Thai street food, if you are a passionate foodie, it makes total sense to move into the catering scene. Tried and tested coffee shop names are also available; all the major fast-food names are looking for entrepreneurs to open another outlet. Vietnamese restaurants do well wherever they open, as do Thai and Laos food outlets; let’s not forget the emerging home delivery side to the business, which offers huge potential.
- Tyres/exhaust – Auto maintenance is a constant market and we all know a few household names that we trust to do the job right. If you are into cars, this could be the business for you! Helping motorists to stay safe on the roads!
- A/C Sales & maintenance – Indeed, any climate control system can be supplied, fitted and serviced. If the right location is chosen, you should quickly establish yourself as the go-to company for a/c and HVAC.
- Beauty salon – Hair, skincare and make-up solutions, along with face and neck massage is a popular business in the franchise circle; when a small business takes off and enjoys success, they grow until they reach the stage whereby they can market their brand to entrepreneurs.
- Construction – Master builders tend to expand by offering franchises; ideal for someone looking to get into construction; you have their good name on your side and a winning business model, of course, the standard of workmanship must be met and they would offer training and other support. Building commercial kitchens or warehouses might be available.
- Fitness industry – From MMA gyms to fitness classes, this is a growing industry with huge potential; ride the wave of global trend for physical fitness. If you are a fitness freak, why not put that energy into creating a team of fitness professionals who help clients smash their fitness goals. This includes yoga, which can be part of a brand; if you would like to learn more, search the web for franchise agents and you are sure to find something suitable.
More and more successful companies are turning to the franchise sector to expand their markets, while young entrepreneurs choose a franchise because of the high level of support from the mother company.
