Which Franchise?

[Raphael123456]

Any recommendations for a low cost profitable franchise ideas or similar business opportunity ideas?
Thanks in Advance

 

[MBE2017]

What would you class low cost?

I’m no expert but reckon anything under £30k is likely to be just buying a job. The lower the initial cost the fewer barriers to entry, and normally lower profits.

A guy I know sells cleaning franchises, no idea on costs, but he and franchisees seem to have done well.

 

[Raphael123456]

What would you class low cost?

I’m no expert but reckon anything under £30k is likely to be just buying a job. The lower the initial cost the fewer barriers to entry, and normally lower profits.

A guy I know sells cleaning franchises, no idea on costs, but he and franchisees seem to have done well.

I guess the cost has to be under £2000, considering as you say most franchisors are just selling a job, so the lower the cost the better, and less stress.

 

[HFE Signs]

It’s a bit like saying what shall I do as a business? It would help to know a bit about your background, your skills, your level of commitment and also budget?

 

[Mark T Jones]

I'd say at that end of the market the franchises will be pretty shabby

Why are you looking for a feanchuse?

What input are you looking for?

 

[Raphael123456]

It’s a bit like saying what shall I do as a business? It would help to know a bit about your background, your skills, your level of commitment and also budget?

I did not say "What shall I do, I am not looking for career advice either. I just asked a specific question about franchising from people who have a good knowledge of the subject

 

[fisicx]

People with a good knowledge of franchising know that you won’t get anything decent for £2000.

The franchise you choose depends on your capabilities and skills, you location, availability of customers and so on.

 

[BubbaWY]

Ive researched previously into a cheap franchise as a bit of an aside for some extra money and I always got the impression that you are just making money for others, and will struggle to pay your way.

I used to have a Snap On Tools franchise which was around a £60k investment. But even that felt more of a job than having my own business. Yes, I had to do my own accounts, cash flow management, could decide my own hours, etc. But you have very little control over stock with SOT sending out what stock they wanted each week. And the more sales you did in a week, the more stock they would send you the following week. Id receive my deliveries on a Wednesday and they wanted paying for it on a Friday which would cause big problems on cashflow.

All I can say is do full research and the biggest question to ask yourself is 'do I really need a franchise for this business?' or could you launch something similar without being under the constraints of a franchise?

 

[WaveJumper]

People with a good knowledge of franchising know that you won’t get anything decent for £2000.

The franchise you choose depends on your capabilities and skills, you location, availability of customers and so on.

Agree can't imagine you would get much for 2k. Interestingly enough I was just looking at the event calendar for the NEC 2023 and could see no dates for the Franchise exhibition

 

[Ian J]

<snip>

All I can say is do full research and the biggest question to ask yourself is 'do I really need a franchise for this business?' or could you launch something similar without being under the constraints of a franchise?

That's what I did 30 years ago

 

[MBE2017]

Sorry to say I doubt £2k would even get you a window cleaning round, which can be started with a bucket and squeegee.

 

[Paul Kelly ICHYB]

Any recommendations for a low cost profitable franchise ideas or similar business opportunity ideas?

STOP

If you do not have an interest in an area, knowledge or experience, the chances of your business failing increases dramatically.

Whilst a franchise can increase the chance of success, due to proven products and processes, it can also contribute to failure.

Look at businesses or franchises where you have knowledge of the market.

 

[HFE Signs]

STOP

If you do not have an interest in an area, knowledge or experience, the chances of your business failing increases dramatically.

Whilst a franchise can increase the chance of success, due to proven products and processes, it can also contribute to failure.

Look at businesses or franchises where you have knowledge of the market.

This is the point I was making

 

[Paul Kelly ICHYB]

This is the point I was making

And it can't be repeated enough times!

 

[Socio South West]

Agree can't imagine you would get much for 2k. Interestingly enough I was just looking at the event calendar for the NEC 2023 and could see no dates for the Franchise exhibition

There seem to be two Franchise shows ( Excel and Olympia) in London April & June 2023 - both sizeable venues.

 

[m4hmo]

Cakebox has been doing well for a while now, think my cousin has 3 of them now.

https://www.eggfreecake.co.uk/franchise

First one she got cost around £90k i think to set up in 2013/2014 can't remember exact.

 

[DEBS Ltd]

I'm often baffled by posts like this.

My business isn't even open yet and I've poured thousands (at least) of hours into it to make sure it has every possible chance of success.

Even then I'd love more hours in the day.

If there was an easy low cost franchise guaranteed to get money we'd likely all be doing it is the simple answer.

 

[Ranj]

Cakebox has been doing well for a while now, think my cousin has 3 of them now.

https://www.eggfreecake.co.uk/franchise

First one she got cost around £90k i think to set up in 2013/2014 can't remember exact.

Wow £160k for cakebox now… ?

 

[JEREMY HAWKE]

Funny this is on here this week
I was listening to one of @Ozzy interviews about franchising a business
I came to the conclusion that yelling at toddlers in a swimming pool is not for me

 

[MBE2017]

Wow £160k for cakebox now… ?

Just goes to prove you cannot have your cake and eat it, unless you have substantial funds.

 

[m4hmo]

Just goes to prove you cannot have your cake and eat it, unless you have substantial funds.

You can do it if you put your mind to it, she bought a tiny house up north in her early 20s, sold it later for a litle profit, enough for the £90k to buy cake box by 30. Then expanded on that. Does not happen without hard work of course.

 

[MBE2017]

You can do it if you put your mind to it, she bought a tiny house up north in her early 20s, sold it later for a litle profit, enough for the £90k to buy cake box by 30. Then expanded on that. Does not happen without hard work of course.

What does house buying have to do with the franchise I was referring to?

 

[m4hmo]

What does house buying have to do with the franchise I was referring to?

To raise the initial capital for a sum you call substantial, its one way of putting your money to work to get there...

 

[siangana]

take for example a coffee shop/cafe
a lot of profit
easy to work with

 

[robertwood]

When it comes to starting a business on a budget, low-cost franchises can offer a fantastic opportunity to enter the world of entrepreneurship without breaking the bank. When deciding to get into business ownership, the early days can be somewhat scary. Many new entrepreneurs look for cheap franchises to buy <link removed> Although they sound like a poor investment, with hard work, low cost franchises have the potential to yield fantastic results. Investing in a low-cost franchise can be a smart way to dip your toes into the entrepreneurial waters while minimizing financial risk. With the right support and guidance from the franchisor, you can build a thriving business and achieve your goals of financial independence.

 

[Mark T Jones]

When it comes to starting a business on a budget, low-cost franchises can offer a fantastic opportunity to enter the world of entrepreneurship without breaking the bank. When deciding to get into business ownership, the early days can be somewhat scary. Many new entrepreneurs look for cheap franchises to buy <link removed> Although they sound like a poor investment, with hard work, low cost franchises have the potential to yield fantastic results. Investing in a low-cost franchise can be a smart way to dip your toes into the entrepreneurial waters while minimizing financial risk. With the right support and guidance from the franchisor, you can build a thriving business and achieve your goals of financial independence.

Presumably AI

But still the type of 'opportunity ' I'd advise running a mile from