Big Franchising Opportunities for Your Budget
So, you are dreaming of running your own business and being your own boss, but you’re worried about taking a big financial risk? One of the many benefits of franchising is the wide variety of business options available to suit even the most frugal of budgets.
Many successful franchisees start out small. Some are savvy entrepreneurs looking for a lucrative side hustle, others are stay-at-home parents or retirees looking for a flexible and fulfilling way to earn extra income. Wherever you are coming from and whatever your ambitions are, if it’s your first foray into franchising, a small, low investment franchise is a great way to test the waters.
Is now a good time to become a franchisee?
There is no doubt that many businesses—large and small—have suffered during the global pandemic. While it may seem the worst of COVID-19 is behind us, the experience has taught us all that nothing is ever certain and the best we can try to do is be prepared.
Franchise systems offer a greater degree of support than small business owners trying to do it on their own. Franchisors offer a tried-and-tested business model with built-in operations, marketing and sales support. They are also committed to keeping their franchisees afloat—after all, it’s in their best interest that your business succeeds.
“Franchise businesses have demonstrated incredible resilience throughout the pandemic… it is pleasing to see increased optimism as trading conditions improve,” said Franchise Council of Australia (FCA) CEO Mary Aldred, who maintained that while trading conditions were tough in 2020, franchising systems showed resilience and tenacity as franchisees benefited from strong and sustained support from franchisors.
According to the FCA, 64 percent of franchise businesses that responded to a national survey said they were optimistic about business conditions improving in the next six months (following improved trading during the September 2020 quarter). Representatives of more than 100 Australian franchise systems covering 15,000+ franchised units contributed to the FRANdata ‘Pulse Check’ survey.
The survey responses showed that franchisors were able to support and assist their franchisees by:
- providing advice around navigating new regulations and restrictions
- assisting with accessing government support programs
- assisting with landlord negotiations
- providing royalty reduction and deferral programs
- carrying out activities to monitor and support the well-being of franchisees.
What do I need to get started in franchising?
It’s clear to see that franchising offers more security and support than going it alone and trying to keep your own small business afloat during turbulent times.
And once you have made the decision that franchising is for you, it’s easy to dive right in!
Start-up fee and investment – you will need to have some savings to start your venture. For small business opportunities you should be able to provide at least 10 percent of the franchise cost up-front. Some franchises offer low investment fees to get you up and running fast but require royalty fees and a portion of the profits you make. This latter option can be suitable for people just getting started in franchising who have little capital but big ambitions and are willing to share the success of their efforts with the franchisor. Always do your research before signing a contract to make sure you understand the financial expectations.
A passion for the product or service – while it’s true you don’t always need to be an expert in the subject of your franchise (for example, you don’t need to be a chef to own a restaurant or an athlete to run a gym) it is important to be driven by more than making money. To be successful, you will need to show passion and commitment to your business and the industry it represents. So make sure the franchise opportunity you choose suits your interests, your personality and your lifestyle, not just your bank balance.
Do your homework – once you have selected the type of franchise you want to be a part of, do your research to learn all you can about the different franchises available within that category. Attend franchising expos, attend information sessions, talk to franchisees about their experiences, and devour as much information as you can—reading the Expert Advice articles in Business Franchise magazine is also a great way to start!
Franchise opportunities for all budgets
With varying investment rates and start-up costs, there are a wide range of franchises to suit most budgets. Some require more capital due to real estate, shop fit-out or equipment expenses, while other franchises can get you up and running at a fraction of the cost—there is not one-size-fits-all financing structure to franchising. But what you can expect to find across all of these franchises is a network of built-in structures, systems and support that will make your pathway towards business ownership a smooth one, with many franchises even offering financial plans and discounted fees to support budding entrepreneurs.
Andrew Barton laundromats are an excellent long-term investment. Because of the reliability of their Speed Queen machines an investor can expect reliable running for 15 years or more without the need for significant reinvestment, so once the initial set up costs have been recouped the additional profits become even more attractive. Learn more: www.andrewbarton.com.au
Battery World is a leading battery retailing franchise business embarking on a new era of rapid expansion. By providing quality and in-demand products and services, franchise partners have an opportunity to build a business under the banner of one of Austrailia’s leading and trusted brands. Learn more: www.batteryworld.com.au/franchise-opportunities
Fantastic Services offers a range of services for the home and office including cleaning, gardening, handyman, pest control, removals and more. Fantastic Services develop a customised franchise plan for franchisees, matching your individual needs, skills and financial resources. Learn more: https://joinfantastic.com.au
Fasta Pasta is Australia’s largest, independently owned group of fresh pasta Italian restaurants. Fasta Pasta offers franchisees extensive initial training and ongoing support covering areas such as front of house, kitchen, bookwork, PPS and management skills. Learn more: www.fastapasta.com.au/franchising
Home Caring provides professional and compassionate personalised home care services. Home Caring seeks community-minded high achievers with a health background who want to build a solid financial future combining their local networks with the comprehensive training and support of the Home Caring brand. Learn more: www.homecaringfranchise.com.au
InXpress is a global express logistics franchisor with over 380 franchisees in 14 countries providing freight consultative services to SMEs. InXpress has established strong relationships with courier partners, leaving you free to concentrate on sales and building your business. Learn more: https://au.inxpress.com/franchise-opportunities
Laser Clinics is the largest retail cosmetic clinic company globally with a Medical Advisory Board made up of Leading Dermatologists and a Medical Director at the forefront of innovation, new technology, safety and ethical standards. To share in the success of the growing aesthetics industry, learn more: www.laserclinics.com.au/franchise-opportunities
Magnetite offers double-glazing, thermal insulation and soundproofing to reduce energy use and noise in existing buildings. A Magnetite franchise offers a secure and long-term business opportunity; on average, Magnetite franchisees have been trading for 15 years. The initial investment is based on the size of the territory. Learn more: www.magnetite.com.au/franchising/magnetite-franchise
My First Gym is a growing kids’ health franchise that aims to inspire kids to fall in love with fitness by creating ‘moments of magic’ in their clubs and using the MyMovementBuddy app to help track progress. If you are looking for a franchise that is not only commercially successful but improves the lives of others through health and fitness, learn more: https://myfirstgym.com.au/about/franchising/
Nurse Next Door provides in-home support services enabling people to remain in their own homes, on their own terms. With no requirement for a healthcare background, Nurse Next Door is looking for franchise partners with a tender touch and the tenacity of a bulldog. In return they offer step-by-step support as you grow your business. Learn more: www.nursenextdoorfranchise.com.au
Pack & Send is a retail service centre operation providing convenient freight packaging services to businesses and consumers and offers online freight solutions for pre-packed parcels. With an ever-increasing demand to send goods throughout the world, there are no limits to your success with a Pack & Send franchise. Learn more: www.packsend.com.au/own-a-franchise
Retail Zoo represents four unique retail brands: Boost Juice, Salsa’s Fresh Mex, Betty’s Burgers & Concrete Co., and Cibo Espresso. The Retail Zoo website walks you through current franchising opportunities with each of these brands, a checklist of what you need to get started and step-by-step instructions on applying for a franchise. Learn more: www.retailzoo.com.au/our-brands
More franchises to explore…
Appliance Tagging Services www.appliancetaggingservices.com.au/franchise-outstanding-support
Checkmate Safety https://checkmate.net.au/checkmate-safety-franchises-for-sale
Deck Seal https://deckseal.com.au/franchise.html
Ecomist Australia www.ecomist.com.au/franchises-available.html
Gecko Sports https://geckosports.com.au
Infinity Martial Arts http://infinitymartialarts.com.au/franchise-opportunities
Jim’s Pool Care www.jimspoolcarefranchise.com.au
Little Big Sports www.littlebigsport.com.au/franchise-opportunities
Listen To Your Body https://listentoyourbody.com.au/own-a-ltyb
Safety Navigator www.safetynavigator.com.au
Snap-on Tools www.snapontools.com.au/franchise
Snap Printing www.snap.com.au/own-a-franchise.html
SuperGreen Solutions https://supergreensolutions.com.au/franchises
The Lott www.thelott.com/about/franchise