In this today’s troubled times of pandemic and global tensions, everything is uncertain, and a flourishing business or startup could fall like a pack of cards. Companies laying off hundreds of employees over zoom calls, stock markets crashing, and startups failing big time are in the news every day.
More and more people are giving in their papers which is known popularly as the ‘great resignation,’ to make something of their own. Startups come with a lot of baggage of loans, marketing, and investments which more and more people are avoiding. So, what’s next is getting a franchise of an established business.
Franchises bring in security, stability, and most importantly, peace of mind. Most people give up on their dreams because they don’t want to lose their sleep over unpaid loans, sales targets, marketing, and search for investors. The franchising option provided a comprehensive solution to these risks and easy solutions to those with money for upfront charges and committed to their work.
Here are some options for low-cost franchises –
Window Medics
Glass doors and windows create an illusion of space, making them best friends of a homemaker or interior designer. Window Medics has become increasingly popular among customers, as more and more people are opting for glass windows and doors. This glass looks royal and requires a lot of pampering to maintain its charm over the years.
Window Medics has taken responsibility for the installation, repair, replacement, defogging, and cleaning of these glass panes over the years. Due to their best after-sale service, they have slowly established their presence in the market and a solid loyal customer base.
Since they have a solid customer case, the requirements are there throughout the year and beneficial from a business point of view. They provide updated training to people taking franchises and make them aware of the latest techniques and technologies.
Also, the person taking the franchise doesn’t have to worry about marketing and branding; they just need to use their space for the business to flourish. Window Medics have a high success rate of new franchisees getting profit and establishing new units every year.
The will of the company to share profits regularly, its success rate in establishing new units, non-interference with the business, regular training of the persons directly associated with running the venture and low cost make it popular among budding entrepreneurs. It offers maximum returns with minimum risks and of course, peace of mind and a feeling of self-accomplishment.
The cost of the franchise is $35,000.
TACO BELL
It is owned by Yum! Brand and is the largest taco and burrito chain. It is a market leader in Mexican food and has thousands of restaurants spread all over the US. Of these about 90% of them are franchises. It is a viable business option for budding entrepreneurs with an interest in food and requires minimum effort. The brand is well established and has a loyal customer base.
7-Eleven
It is a chain of USA’s most popular convenience stores that has garnered immense popularity – thanks to its customer satisfaction-inspired inventions. It started as a small shop where milk, bread, and eggs were sold from an ice dock. Ice has an innate ability to preserve, so more customers were attracted to the fresh nature of the products. Slowly it established itself as a brand and is now a successful venture.
Popeyes
It is a fast food joint and consistently appears in the top 500 entrepreneur’s choices of a franchise business. With a well-known brand with solid marketing strategies, one doesn’t have to worry about the sales and customers. If one has their own space, then the company takes care of the other things like branding, advertising, and support to the person taking the franchise.
To conclude, a franchisee business could be a life-changing decision for budding entrepreneurs or anyone who wishes to explore more than 9-5 jobs and wants minimum risk and stress of running a business on their own.
Before selecting your dream business venture, some things should be kept in mind by the budding entrepreneurs like the amount of investment required upfront. Many ventures also offer financial assistance, but some upfront amount is needed, and one should be ready to pay that.
Next is Profitability which means whether the amount you are investing is worth it. Entrepreneurs should keep discussing unit growth over the years and the success of new franchisees before taking the final plunge. Also, there should be room to analyze the new customers added over the years and sales.
And lastly, the support system of the franchisor is most important. How much the brand trains you about new things in business and teaches you tricks of the trade to earn better is most important.
After considering these points, one can choose the best viable option and go on a dream run of chasing their dreams.
To know more about Window Medics call 888-329-7116 or email at info@windowmedics.com