Coteq Architectural Franchise
With a reported shortage of Plumbers in the UK, plumbing franchises have become popular.
Most of us will require the skills of a plumber at some point, whether we are having a new bathroom or kitchen installed or have a domestic disaster such as a burst pipe, the first thing most homeowners will do is call on a local plumber to get the problem fixed as soon as possible.
With more and more homes being built across the UK plumbing will always be an essential service for the construction industry, and industry in general as well as to homeowners.
Plumbing franchises can be versatile opportunities, they could be run management style perhaps for a franchisee without plumbing experience who employs experienced, qualified plumbers to attend to the calls or a qualified plumber who would benefit from marketing and administrative support offered by the franchisor.
Many plumbing franchises are available at varying levels of investment depending on the franchise type.
Management Franchises remain to top choice amongst white collar franchise seekers. With business consultancy services estimated to be worth £7bn to the UK economy. Many companies chose to employ franchised business consultants in order to reduce costs and improve their businesses operations.
This can be both enjoyable and a lucrative area of business. Working as a management consultant is considered by many to be a professional role, if you have a passion for business and are brimming with enthusiasm, the training programmes that many management franchise can provide you with the right skills, techniques and on-going support required for you to operate your franchise.
A management franchise can also offer a good life work balance, with consultancy hours mainly being set around traditional office hours, a management franchise could be the solution for more leisure time and is ideal for people who enjoy business and have a desire to inspire other local businesses to thrive.
Home Improvement Franchises
The UK DIY market alone was forecast to be worth over £8.3bn in 2017 so the home improvement market in the UK is a huge opportunity for anyone interested in the sector.
So what sort of home improvement franchises are available? Some of the different types of home improvement franchises include;
- Granite worktops and other granite sheets for kitchen and bathroom renovations
- Locksmith franchises
- Guttering & roofing
- Disaster recover, fire, flood etc
- Drive way construction and cleaning
As more and more pressure is put on governments and local authority to build more new homes this will no doubt increase demand for the above for both the new home build market and ongoing for renovation and repair works. Many people seeking this sort of opportunity may already have a trade and industry experience and wish to work for themselves but with the backing of a franchise brand to help with new business generation and any existing contractual business locally but all franchises usually offer full training and support so dependant on the home improvement franchise this could be a way for someone to change direction.
As with any business opportunity or business purchase you need to take professional advice and carry out due diligence before you invest.
Low Cost Franchises
So what is a low cost franchise? Well I suppose everyone will have a different definition of what they think a low cost opportunity is but for these purposes we will use an investment level of £15,000 or less as the guide price for a low cost franchise.
So does low cost therefore mean low earnings or profit? No, some low or even no upfront investment franchise or business opportunities can represent very high earnings potential. So why would a franchise business sell it a low cost even if the earnings potential was high? Well the initial franchise is generally determined by the cost to set-up which includes training, equipment, product and premises not the actual earnings potential. Sure sometimes with a recognized brand just the area alone will have a impact on the price as the largest the franchise area or territory, the more business will be obtained. That said that’s generally not the case for less known brands or new brands and if a franchise requires a lot of franchisees to provide national coverage and set-up costs are quite low then many will have an initial fee of under £15,000 to try to recruit as many franchisees as quickly as possible to grow their brand and provide a better service to their customers.
Some of the low cost franchises for sale under £15,000 include product distribution, pet related, children fitness and swimming, travel agency and even financial and business advice franchises so there is a huge choice of opportunity even if you are seeking a lower initial investment. The main thing to consider if the “overall” investment, just because a franchise has a low initial fee doesnt mean you won’t need to invest additional funds so when choosing a low cost franchise opportunity make sure you find out about all costs involved before you invest and as always seek professional advice.
Just because a franchise investment is low cost doesnt mean you should not carry out thorough research before you make any commitment. Regardless of initial investment check out the business and seek professional advice.
Home Based Franchises
Home based franchises, a business run from home have steadily risen over recent years, why? Home based franchises offer many opportunities, some of the include;
- More family friendly
- Better work & home life balance
- Increased earning potential, work when you want and potentially outside usual business hours
- Reduced child care costs
- Reduced overheads, less travel time, fuel and travelling expenses
Home based franchises have also steadily grown. Many so called white collar franchises are home based and include areas such as business consultancy, accountancy and bookkeeping, business training and coaching and internet businesses. In addition to these white collar home based franchises there has also been a steady rise is so called “Mumpreneurs”, mums that instead of seeking full or part-time employment around family life decide to set-up their own business on their own or via a home based franchise. Some of the businesses popular with Mumpreneurs include;
- Child care
- Childrens fitness such as football, swimming, dancing
- Beauty including hair & nail salons, tanning
Home based franchises can provide such great flexibility for men and women along with improved technology are surely set to continue to rise in the UK and therefore could provide a great opportunity for anyone seeking greater flexibility and a work life balance. That said always find out everything about the investment and business and seek professional advice before any investment.