Low cost entry is making it attractive for women to take on a mobile franchise, effectively buying a wage and job security.
A mobile coffee van business can cost as little as $50,000 to purchase with the potential of making as much as $100,000 in revenue a year
Mobile dog washing, accounting, beauty, car servicing and cleaning, computer services as well as food delivery are available more than ever from $6,000 and there’s even a franchise that has drones providing aerial photography and video surveillance services.
Women are starting to realise 50 percent of jobs that exist today won’t exist in ten years and they may want to buy their own business to safeguard them from being affected.
For many women buying a franchise is the perfect option.
The benefits include :
- Design your lifestyle. A franchise gives you the ability to create the lifestyle that suits you and work your time around family. Depending on the industry you choose, mobile or service based franchises offers flexible hours and workdays.
- Alternate career options. Women often face career disruption or difficulties re-entering the workforce post children. Franchises can provide alternative options, without lengthy or costly study, stiff competition and a more suitable family friendly career.
- Gain financial independence. Buying a franchise under a recognized brand, gives you the systems and resources, without starting from scratch. Your effort can bring a capital return and salable asset in addition to a good regular income.
- Be your own boss with no glass ceiling. A franchise can be a low entry business option, where you’re supported and yet still in control. There are a wide range of choices to suit you. And many women have found rewarding careers without the stress of a high pressure job.
- In business for yourself, yet not by yourself. The support of other people to bounce ideas off, learn from and collaborate with is attractive to women. Franchise systems provide different levels of support and connection between franchisees.
One Sydney based women left full time wages and purchased a low cost home cleaning franchise with weekly overheads of just $300 and within 5 weeks was earning $1500 per week. Three and a half years later she is turning over $4,000 a week and working 2 days per week.
There are more than 800,000 franchises in the US, 44,000 in the UK and 79,000 in Australia, an increase of nearly ten percent two years prior — and I expect that number to continue climbing.
Nearly 8 million people in the US are employed directly in franchising and the annual sales turnover for the country’s entire franchising sector is estimated at US$734 billion.
More than 621,000 British are employed directly in franchising and the annual sales turnover for the country’s entire franchising sector is estimated at 56 billion pounds.
Around 500,000 Australians are employed directly in franchising and the annual sales turnover for the country’s entire franchising sector is estimated at AU$144 billion.
Mobile franchises are a viable employment option as long as you do your research:
- Due Diligence: Don’t be sold on the story alone about the business providing flexibility and a good income, get advice, check the financials and hire a franchise lawyer to be safe.
- Research: Speak to other franchisees to gain an insight into the business culture within that franchise to ensure it’s a good fit for you.
- Your needs :Know what you want out of a franchise first and foremost so when you look to buy one you are searching based on your criteria.
- Skills and personality fit : Running a business is different to working for someone, consider your personality, identify your strengths and consider the gaps and be prepared and open to grow and learn
The franchise industry is regulated which means there are safeguards in place for franchisees.
Franchise businesses include systems, training and support making it a less risky option than purchasing other businesses, or starting your own.
Anyone thinking about buying a franchise or needing help to increase profits and improve staff culture with an existing one can visit http://www.remarkablefranchises.com.au/
