Reasons to Invest in Low Cost Franchises
If you’re one of the thousands of workers in the UK who one day hopes to hand in their notice, become their own boss and start a business of their very own, a low cost franchise could be the answer to your dreams.
The affordable nature of these bargain businesses places them within the grasp of many of the country’s aspiring entrepreneurs. With just a few thousand pounds, you, and others like you, could make your dreams a reality, build up a successful franchise and reap the rewards of your own hard work.
To help give you the inspiration you need to succeed, we’ve put together a list of five of the best low cost franchises 2015 has to offer.
Children’s enrichment
As individuals and businesses begin to recover from the financial crisis, households will have more disposable cash and parents will spend more money on their children.
Franchises based around children’s enrichment have always been popular with working parents, retirees and entrepreneurs who want to work part time. As they begin to become more profitable, investors looking for full time opportunities are starting to take notice.
Popular businesses include franchises that help to teach children literacy and numeracy in a relaxed and fun way, franchises aimed at getting kids active and franchises that are geared towards creativity and expression.
As these franchises often operate out of schools, halls and other community spaces, don’t require expensive materials and don’t have high running costs, they are ideal for entrepreneurs looking to invest in a low cost franchise.
Fitness
Fitness is now big business. With over eight million Brits now a member of a fitness club or association and the industry worth an estimated £4.08 billion a year, now is the perfect time to invest in a fitness franchise of your own.
Though there are initial costs involved in setting up a fitness franchise, especially when it comes to getting qualified and investing in equipment, these costs are negligible if a franchise is primed for success.
E-cigarettes
A safer alternative to smoking, e-cigarettes are allowed in pubs, bars, restaurants and even on planes.
The number of people using e-cigarettes has grown quickly and steadily in the last few years, tripling to 2.1 million in the years between 2010 and 2014.
Franchises can be bought for just a few thousand pounds, giving entrepreneurs the chance to cash in on this growing trend before it gets too big.
Property management
Though the UK property market took a battering in the 2008 financial crisis, it’s now back with a bang.
Million pound property sales in London are dramatically outstripping those in New York, Tokyo or any other major world city. Upcoming areas like Margate, Brighton, Bristol and Hastings are seeing a big increase in investment in property with entire blocks being bought up by ambitious investors.
As a result, there is an increased demand for property managers. The exact role of a management company will vary depending on the circumstances, but in general they will be responsible for the smooth running and upkeep of the building.
Requiring investments of just a few thousand pounds, these low cost franchises are ideal for entrepreneurs who want success on a budget. Why not invest in a franchise of your own and make 2015 a year to remember?