- 1 Franchises are a Profitable Business
- 1.1 Best Franchises in Europe
- 1.2 Best franchises in the United States
- 1.3 Most Profitable Franchises
- 1.4 How to Open a Franchise
Franchises are a Profitable Business
When an entrepreneur is going to start a business, could consider doing it alone or within a franchise network. If a franchise is well assembled the investor must be in a better position than if the business starter is going on his own.
A well-mounted franchise brings advantages over an independent business, for it allows to set up the business with a smaller investment, making you to obtain more income at lower costs.
Since franchises are assembled always with a minor investment the first time a business is set up, a finance that are not needed when opening the units must be undertaken.
There are many things that must be done the first time, such as creating the corporate image, produce a basic architecture project to define the decoration of the pilot site, the job of finding suppliers, the search and configuration of a software, the design and creation of all marketing tools, among all.
All of these items that are not taken into account in the following units is a source of significant savings, which offset the cost charged by the franchise.
Best Franchises in Europe
People from this region are looking for business opportunities that fit their goals to start a business right away with a smaller costs and great profits. Therefore, following you could see some of the most famous ones.
This franchise is a brand that has many years of experience in patiences and medical community, and the chain help the entrepreneur to develop a financial plan with the budget for optimal investment and a fast return.
The company also help the franchisee to choose the location, recruit and train the staff in a fully immersed of technologies details, doing business and the marketing, advertising with organizational support.
This franchise has an important reputation, based on the trust of patients, professionalism and high technology methods of exams. Being an innovative business solution and support guarantee with appealing prospects and achievement trust. The fee of the franchise starts on $5,000, with total investment up to $12,000.
The company gives a series of advantages such as: Free advice in the selection of premises, the rental agreement, advertising, media support, training, professional support, customer service training, among others.
Franchise Barbershop Fidel
It is a business focused in a high quality service to customers that wears a beard and likes a very personal lifestyle. With a vintage look and a vindication of traditional techniques, these salons constitute one of the most promising trends in the hairdressing and aesthetics market.
This is a bright business model designed to give franchisee a trust and a reliable support, based in a series of advantages like: a starting system, a support of a rapid reaction team, a registered brand, with a flexible program, partner guide, complete textbook to manage the barbershop.
The space is a concept with a particular atmosphere of male liberation, exclusive furniture and design, legal solutions for the opening and running of the barbershop
The company also provides the franchisee with furniture, equipment and cosmetics, recruitment advice, a marketing plan, among other advantages.
The initial investment goes to a total amount of $15,000. Lump-sum payment of $4,150 (2 chairs), up to $5,050, depending on the amount of chairs. At the same time, royalties are of 5% turnover And the average net profit per month is estimated in $4,150 per month.
Ai Lab Beauty Salon Franchise
This business franchise was established with a concept of the salon that offer to customers a diversity of beauty services such as, hairdressing, nail, makeup, and esthetics cosmetology.
The salon is design In a very special sophisticated atmosphere to make the client feel special and forget about their routine, getting into the unique world of beauty, attention and liberation of the stress work and daily routinary life.
The company encourage investors to initiate in the beauty salon business providing high quality services. So, Ai Lab has a team with reputation that advice the franchisee with professionalism. Having a very important positive feedback due to many years of position earned based on effort, perseverance and honest work.
Ai Lab has the initial investment up to $150,000, with an average monthly turnover of $30,000, with a royalties of 3%, and a franchise fee of 10%. The company includes the following advantages: Design work, repair and construction materials, equipment and inventory, cosmetics products, uniform, consumables, training, certification and furniture, with a period of 24 months to get the investment back.
Cone cream Modern Ice-cream Franchise
This franchise offers more than just a start up business for selling modern cone ice-cream. It is an innovative concept of ice cream, with diversity in colors, textures, flavors for every all tastes in a very attractive presentation.
The franchisee can get several advantages like a street outlet, of 6 м2, that could be mobile or stationary. To start a business, the payment includes some issues such as a training for ice cream production that has to do with advance technological processes, unique client training service, the use the brand, marketing support and management, stylish design of the space among others.
The initial fee of franchise is up to $4,000, starting investment from $6,900. Also, the payback period is set from 6 months, and you do not need any royalty.
Franchise of Lollipops Paris
The Lollipops franchise is a chain of stores specializing in accessories for women, all with a fresh and sparkling touch that has led stores throughout the country and continue to grow. This is a unique franchise, which you can join with a leading brand, motivated by an experienced, dynamic and professional team.
Lollipops offer its products with the passion and the will to success all consolidated in a very strong brand. The lines of products are vivid and bubbling, with audacious hybrids, having solid advantages to impose a unique sign in the micro – market of fashion accessories.
You need to comply a profile to get the store going with an Ideal surface of 60 m2, with a facade of 3 linear meters, and a minimum population of 60000 hab, in a prefer area of a shopping center. The investment plan is an entry fee of € 12,000, decoration € 15,000, civil works of € 3,000, other items to be financed with a € 5,000 fee.
Best franchises in the United States
This franchise is a specialized gym dedicated to serving clients who want a unique, fun and proven exercise which guarantees results. 9Round offers training programs based on boxing and kickboxing techniques, incorporating a circuit, cardiovascular, interval and functional training regimes.
The programs are developed around a patented system of stimulating training stations developed by a professional fighter. Therefore, 9Round offers complete body results with a 30-minute training, fast and convenient without class schedules and with an instructor who will accompany you all the way.
9Round is a proven business where profits are seen from the first day and your return will be in a short period of time.
Another advantage of the 9Round gym is that it has experts in fitness, and a team of professionals in franchising support which will be at disposal and will advice clients throughout the business experience until they become successful owners of the franchise. The required capital for the start up is $1,700,000, with an investment level at the most of $ 2,000,000.
This Franchise is possibly the best-known name for fast food business. It has been in the fast food field since 1955 and currently opens some 500 new businesses annually.
McDonald’s works with financiers so that the potential franchisee can make some investment in items such as equipment. It also offers a great marketing program through customer affiliation, local and national television, and recently at a social networks.
The initial investment runs between one and two million dollars. In addition, the payment of $ 45,000 is required as an initial fee and then carry out partial payments in the form of royalty of 4 percent, including the payment for advertising.
This franchise is made up of convenience stores open 24 hours a day. It started in the franchise business in 1964 and today there are a very important number of places distributed all over the world, almost 7,000 in the United States being at present, one of the franchises that more new units open per year.
The initial investment varies ranging from $ 37,200 minimum to $ 1,635,200. But in some locations it can be opened with a low investment for it is a franchise that attracts new entrepreneurs.
Also, there are differences depending on the locality in the payment of the franchise fee that can range from $ 10,000 to $ 1,000,000. So, the contracts are renewable for 10 years, and some seven employees are needed to manage a location.
This is another classic franchise founded in 1955. Currently it has presence in 32 countries, opening on average of 300 new establishments per year and it is a well-known brand for its coffee and more than 70 varieties of donuts.
The initial investment of this business is widely variable depending on size and location starting at $ 229,000 up to $ 1,700,000. In addition, the payment of the initial fee varies between $ 40,000 and $ 90,000.
This is a real state from Denver that grows not only domestically in the United States but also internationally. The company owns several of its own regional franchises. Also, Re/Max International collects monthly and annual fees from its agents who act as independent contractors who work under the brokers (owners of the agencies) in many countries.
In return, the agency offers its agents various corporate services, for example, training and advertising. The brokers have full autonomy to manage their businesses adapting them to the demands of the regional market.
Franchise agreements do not impose rules to run the business and do not dictate the policy. The initial investment by franchise varies between $ 37,500 and $ 225,000 and the initial fee is set between $ 15,000 and $ 32,000.
Sonic Drive-In Restaurants
This fast food franchise operates since 1959 from Oklahoma City. It is not very well known brand because it operates inside the United States, however, it is a very powerful franchise. For the initial investment it is required ranges between a million and 2 million american dollars.
Based in Louisville, the KFC Corporation is the franchisor of the most famous chicken restaurant chain in the world, and its specialties are Chicken Recipe Original, Extra Crispy, Kentucky Grilled Chicken and tender Extra Crispy pieces with complements homemade, hot wings and freshly made chicken sandwiches.
This brand is recognized worldwide for its unique recipe of fried chicken, made with the same secret combination of 11 herbs and spices that Colonel Harland Sanders has apply for more than half a century ago. Therefore, KFC has served customers fresh and complete family menus with a concept founded in 1952.
The company takes into account several factors when evaluating a candidate who wants to open a KFC franchise, among which counts the experience in unit operation, financial rating, personal and financial reputation, motivation and commitment, together with a culture, adaptation to the brand and growth attitude.
To open up of the franchise, has a total net worth of $ 1,500,000. With a total liquid assets of at least $ 750,000. So, the net worth and liquid capital are proportional to the level of participation.
Currently, this brand is the largest submarine-type sandwich chain in the world with more than 40,000 locations worldwide. The brand have become the leading choice for people looking for nutritious and quick meals that the whole family can enjoy.
The owner of the company has had a clear vision for the future of the brand since the beginning. Thus, the enterprise has continue to grow, guided by the passion delighting customers with the best sandwiches made to order.
The subway franchise gives entrepreneurs the opportunity to offer a well-known product, under an established brand, with a proven operating system already functioning. Therefore, in the franchise opportunities section the potential franchisee can get information on how to acquire a franchise facility.
When you join the subway family, you will get support that includes: Training, product development, advertising, design of the establishment and a guide for ordering equipment, and local advice.
The Outback franchise is a business example that sparks the interest of many people in Spain and Latin America. For those who do not know very well about the company, Outback is a restaurant built and decorated in the Australian outback.
The country of origin is the United States, where it has more than 800 restaurants, but this network has been growing and currently has around 120 units in 22 other countries. In Spain there are 60 restaurants. However, many people want to know how to buy an Outback franchise and prices.
To obtain an Outback franchise in your city the investor must become an operational partner of the company. To achieve this, the operator invests approximately 20 thousand euros in the company. So he receives a fixed salary for the work and a percentage that operations generate.
This franchise has to do with a car rent in a very easy way. Finding some sites on the internet where you can manage it in the Green World company. Understanding the clauses of the rentals, general reservations and finally the extra expenses that come to you.
Many of the electric motorcycle brands are emerging companies with little commercial capacity. To help focus the sale of all these disparate brands, Green World was born as a dealer in which you will only find electric bikes. The company is the largest official motorcycle dealer in Europe.
Most Profitable Franchises
To buy a franchise and develop a new business is one of the investment alternatives that grows the most in many countries. From those who decide to start from scratch in a new venture, to those who received compensation or changed jobs and have extra money, it is a very attractive option that has grown strongly in recent years.
The franchisees know that it is not the same to start a business without the support of a well-known and successful brand and on the other hand, the brands also understand that granting a franchise is a good way to grow.
How to Open a Franchise
To open a franchise the investor must have an amount of money that want to put into the business and comply with requisites that the franchise which are interested in demands. Also the potential franchisee must be aware of the risks and advantages of the business before entering in it.
Owning a franchise entails taking advantage of an idea that has already been successfully tested. Of course, as with any business, it implies a series of challenges in the start-up and management of it.
You have to establish yourself in a place, and carry out the hiring and management, as in any other company, even if you already have a model and brand under which to work. And it is also true that for some entrepreneurs, the loss of control can become a threat to their independence.
Once you have clear the need to find the franchisor that suits you best if you want to become a franchisee, a series of questions arise.
Determine your budget.
The first thing you should know is that there is always an initial franchise fee and franchisors usually establish financial requirements for those who open one of their franchises.
In this search, you will be checking every possibility
If the amount does not fit financially with what you are looking for, you will have to consider other options. Do not waste time dreaming of a specific franchise if you already know that it does not adapt to your possibilities.
Get in touch with the franchisor and other franchisees
It is the best way to obtain the maximum information, in detail and at first hand.There is no more efficient way to know how to operate a certain franchise than through people who are already doing it.
An interview is usually arranged between franchisor and franchisee
Which could be by telephone, or by visiting the head office. This touchdown will vary depending on the franchisor you choose.
Sign the franchise contract, and make your investment.
An amount must be paid to the franchisor in advance, and the investment expenses are usually additional. If all goes well, the renewal of the franchise contract is usually between five and ten years thereafter.