£997 Minimum Investment
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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.
Business Advice & Consultancy Franchises
According to Consultancy United Kingdom the UK management consultancy industry was worth £9bn to the UK economy in 2017, a growth of over 5% from the previous year. This is therefore a huge value to the UK economy and represents and substantial potential opportunity for anyone seeking to set-up a new business in this sector via franchising.
Some business advice and consultancy franchises that are available include B2B consultancy, cost reduction, leadership, business coaching, business training, accountancy & tax and general business advice franchises
These sorts of franchises generally require someone to have some sort of managerial background although yo do not always need professional qualifications as all franchises provide full training and support for new incoming franchisees. This sort of business is also not always but generally a work from home business which is ideal for anyone seeking to travel less to and from work and create a better work and life balance, especially ideal if you have a family.