After working hard in your nine to five job, you’ve succeeded to save up a decent amount. Now you’re looking for profitable ways to invest your hard-earned money but you aren’t sure if you should start your own small business or become a franchisee by acquiring a low-cost franchise business.
If you happen to have £16,000 to £20,000 saved up, then it’s the right time to think about becoming a franchisee. Here are some low-cost franchises option, some of which can let you work from the comfort of your home.
Van-based Franchise
A van-based franchise that offers snacks and meals is a good option for low-cost franchising. Although, it would need you to drive around so you can serve your customers anywhere anytime. The van and the equipment would have an increased working capital cost but in the long run, you are bound to get a good return on the investment.
Drive up to a busy city center during office lunch hours to target people rushing to grab a bite for lunch. The secret to running a successful food cart business is to offer quality food at an affordable rate. Offering a selective menu keeps your cost low. Some of the best van-based franchising options are Diamond Home Support, Clear Brew, Oven Clean, and Trulawn.
Home-Based Franchises
A home-based franchise is a perfect opportunity for people who want to invest in part-time franchises. Some of the most popular home-based franchises are Pormedica24, BOX Property Solutions, and Oscar Pet foods. These franchises are perfect for women who want to start their own franchise business.
You can discuss your home-based franchising options with reliable franchise consultants. They will help you decide which franchise is right for you!
Travel and Leisure Franchises
You can be a part of a travel and leisure franchise without spending a fortune. You will find a number of different tourism franchises that offer courses on being the perfect tour guide. You can choose to be a part of such a franchise by spending under £20,000. You won’t need any special equipment or tools, just
a comfortable pair of shoes, trendy yet comfortable clothes and knowledge of the best places and top restaurants. For the rest, the franchisor will provide you with the training needed to be the best at your job.
Coffee-Based Franchises
Coffee franchises are an opportunity for those looking for a decent business to start under £15,000 to £20,000. Coffee equipment does not cost much if you plan to run a small café in your home or you can have a small coffee kiosk at the local farmer’s market.
When you choose to be a part of a coffee franchise, you end up saving big on advertising costs. Since you will be a part of a well-renowned brand, you won’t need to spend extra money on advertising and promotion since you already will have a well-established brand.
If you’re looking for a small investment then a takeaway only coffee franchise is a good option, since seating arrangements will require a bigger investment. Choose a location with a lot of foot traffic and focus on that particular target audience for higher sales. Your coffee shop must be located some distance away from major players such as Starbucks, Dunkin Donuts and any other local popular coffee shops and snack bars.
Dog Grooming Franchise Business
Most people trying to find a franchise opportunity often wonder how much does it cost to buy a franchise. While the price of a franchise can be anywhere from £20,000 to over a million pounds, you can choose to invest in a low cost dog grooming franchise.
Once you pick the right dog grooming franchisor, you will get all the training and support needed to run a successful franchise. In return for the branding, training, mentorship and support, you will be required to pay royalty fees. Buying a franchise UK has several benefits and one of the biggest merits is you get to be your own boss.