When starting a franchise, you can choose between two types of businesses: bricks and mortar or service franchises. Service franchises have become increasingly popular in recent years due to their flexibility and lower overhead costs. They don’t require a physical storefront, so they can be run from home or a small office, which saves on rent and utilities.
Plus, service franchises focus on providing high-quality services to customers, which leads to higher profit margins. Franchisees have the option to work from home or on-the-go, making it appealing for those who want a business that fits around their commitments. They also have a faster start-up time compared to bricks and mortar franchises, generating revenue more quickly.
Finally, service franchises can be a great option for those passionate about helping others, providing valuable services to local communities such as tutoring or pet care. In summary, service franchises offer a flexible and affordable business model with lower start-up and ongoing costs, faster start-up times, and the ability to make a difference in their communities.Top of Form