£12,500 Minimum Investment
My Homecare franchise providing homecare and live in services
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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.
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.
Residential Care Homes
According to the UK governments care homes study 30th November 2017 the care homes sector is worth around £15.9 billion a year, with around 410,000 residents. They calculate that there are 5,500 different care service providers in the UK operating 11,300 care homes for the elderly. Approx 95% of their beds are provided by the independent sector (both for-profit & charities ). Government local authorities generally commission care services from independent care providers. On average the cost for a self-funder in 2016 was £846 per week (nearly £44,000 per year), while Local authorities paid around £621 per week.
UKHCA estimate that total local authority expenditure on domiciliary care services in the UK in 2014/15 was £3.9 billion. As personalisation or self-directed support policy progresses nationally,the uptake of direct payments has increased. UKHCA estimate that totallocal authority expenditure on direct payments in the UK in 2014/15 was £1.5 billion. There has been a trend in England over recent years for NHS Clinical Commissioning Groups (CCG) to purchase social care and health services from the independent and voluntary sector. In 2014/15 total CCG expenditure on non-NHS care services was £2.3 billion. At this time we do not have more detailed expenditure analysis available or domiciliary care specific expenditure data. Data on expenditure by people who self-fund their care is sparse. UKHCA estimate that expenditure on domiciliary care by self-funders in 2014/15 was £713 million.
With this very large and apparently growing sector there are many different opportunities to start a business with a domestic & care home franchise, providing care in peoples homes via a home care franchise or domiciliary care franchise or setting up a residential care home franchise business.