8 Advantages of buying a part-time franchise
Buying a part-time franchise can be a smart way to start your own business, especially if you don’t have the time or resources to run an independent business at the moment. Of course, there are plenty of advantages to buying any franchise, but here are some specific perks that you can expect when you buy into a part-time franchise for sale.
One of the best things about owning a part-time franchise is that you can run it from anywhere in the world with an internet connection. That’s the flexibility that most business opportunities can’t offer and makes it a dream for retirees and working parents alike.
2) Better work-life balance
Running a business on your own can be very demanding and time-consuming. While working for yourself does mean that you have a lot of freedom, it also means that you are always available for your customers and employees, which is never good for family life. When you buy a part-time franchise, however, you get to set your own schedule and boundaries because you’re a franchisee at that business. That said, buying a franchise means investing in someone else’s already successful business model. You take on none of the responsibility and much of the risk—but you do get to keep more money in your pocket and free up more time in your day.
3) You get more freedom
Since as a franchisee you own your own part-time franchise business, you’re in control of how it runs. This freedom allows you to structure your day however you like — perhaps even work when and where you like. And by working for yourself, you also reap all of the benefits that go along with being self-employed, such as tax deductions, more paid time off, and increased flexibility. Plus, when your business takes off and starts earning money, a lot of it is yours to keep.
4) Another revenue stream
One of the biggest advantages of buying a part-time franchise is it provides you with an additional stream of revenue. Part-time franchises typically have a brand that people recognize, meaning you’ll have an easier time finding customers to buy from you. And you don’t need to worry about getting into debt since most part-time franchises don’t require a big cash investment up front. In fact, when it comes to buying a part-time franchise, many allow for small investments to get started – sometimes as little as £5,000 or £25,000 depending on which industry you’re in.
5) Work from home
Some of these part-time franchises even allow you to work from home. Depending on what type of industry you’re in, working remotely will allow you to spend more time with your family or enjoy longer commutes. While the home is obviously where you’ll be most comfortable (not to mention happy), commuting too much can be stressful and potentially dangerous—especially if it takes an hour or more just to get into town and back. Working from home gives you freedom without taking away the peace of mind; that’s why purchasing a part-time franchise is often called a win/win situation!
6) Lower operating costs
One of the many advantages of buying a part-time franchise opportunity is that you don’t have to spend time and money developing a business from scratch. You also won’t have to learn every aspect of your business, as you would if you launched your own. Instead, you can focus on what’s important—the big picture stuff like pricing and product offerings—and let others take care of smaller issues like branding and logo design. And when there are problems? Your franchisor will help find solutions since they’ve likely already dealt with similar situations.
7) Cut out the commute
While part-time franchises can be run from home, buying a franchise is also about streamlining your life. That means more time with family, friends, and other activities you enjoy—and that means less stress. In addition to reducing your commute, many businesses can be run from anywhere in the world—whether you want to take advantage of free WiFi at an airport or poolside in Hawaii. Make sure to buy a part-time franchise that allows for remote work so you don’t have to relocate; when it comes to saving money and having fun, it’s hard to beat being able to stay put!
8) Less stressful
Let’s be honest, owning a business can be stressful. When you buy a franchise, you don’t need to worry about where your next customer is coming from or how you’re going to get new clients. If customers walk in your door, that’s great – but if they don’t, it won’t bankrupt you. The benefits of buying a franchise include not having to do any marketing and being able to enjoy what matters most – serving customers!
Would a part-time franchise be right for you?
You should carefully consider whether or not a part-time franchise is right for you. If it is, then you’ll want to get started as soon as possible so that you can start enjoying all of these advantages. Remember that buying a franchise gives you access to a well-known brand with valuable resources at your disposal. It also allows you to buy into something that has been tried and tested so that you don’t have to put in months of hard work only to discover your idea isn’t quite right. Instead, you get a ready-made business model that has already proven itself. Before making any decision make sure you do thorough research if you have any questions around franchising search our blog at Franchise UK providing 1,000+ articles covering multiple areas around franchising.
Browse part-time franchise opportunities at Franchise UK today
If you’re looking for a way to make money in your spare time, buying into a part-time franchise could be just what you need. Even though many people think that working for yourself means long hours and poor pay, choosing to invest in a part-time franchise can provide some great benefits. If you are ready to pursue a career from a part-time franchise browse our directory providing the best list of part-time franchises available in the UK.