Starting a home business carries some risk: Do you have the resources need? A viable business model? Have you done adequate market research? Too much competition in the industry? How is your support structure?
It is possible to avoid some of the above concerns by buying into an existing business as a franchisee. The big names – McDonalds, Subway or Mail Boxes, etc – involve significant initial capital investment. The article below, from the National Federation of Independent Business (NFIB) web site suggests some popular and lower-cost options.
Thinking of buying a franchise? We picked 10 of the most popular home-based franchises that are easiest to get started.
Web site: www.janiking.com/franchise
Required investment: $11,400 to $35,050
Jani-King is the world’s largest commercial cleaning franchisor, and has been named the No. 1 home-based business by Entrepreneur magazine for the last five years based on the company’s financial stability, size, growth rate and start-up costs. The franchise provides 30 hours of training and self-study to new franchisees.
Web site: www.jazzercise.com/become_franchise.htm
Required investment: $2,980 to $75,500
A Jazzercise franchise offers workout programs that combine jazz dance, resistance training, Pilates, yoga and kickboxing. The international franchise business hosts a network of 7,800 instructors teaching more than 32,000 classes weekly. The number of franchises grew by 228 units from 2008 to 2009, despite the tough economic climate.
Web site: www.matcotools.com/franchise
Required investment: $79,926 to $187,556
Matco Tools was named “Best in Category – Automotive Franchises” by FranchiseBusiness REVIEW (based on a 2009 Franchisee Satisfaction Survey). The company also ranked in the top 10 home-based franchises in Entrepreneur’s “Franchise 500”—a ranking that incorporates financial strength and stability as well as factors affecting franchisee start-up—for the last five years. Franchisees sell, distribute and service automotive equipment, tools and toolboxes out of their trucks.
Web site: us.comptroub.com
Required investment: $26,800 – $37,500
Named “Best in Category – Technology” by FranchiseBusiness REVIEW (based on a 2010 Franchisee Satisfaction Survey), Computer Troubleshooters franchisees service small businesses, offering hardware repair, networking, software consulting, diagnostics, Web site development, and security consulting.
Web site: www.cruiseplannersfranchise.com
Required investment: $1,595 to $19,290
Cruise Planners is a travel agency specializing in planning cruises. With low start-up costs and a supportive team of trainers, this franchise touts themselves as a “business in a box.” New franchisees receive a six-day orientation in Fort Lauderdale and ongoing instruction in the form of an annual convention, exclusive seminars at sea and live and on-demand webinars.
Web site: www.homehelpers.cc
Required investment: $46,150 to $84,800
In-home healthcare is a field that is expected to grow as the baby boomer generation ages. Entrepreneur ranked Home Helpers the No. 15 in Top Home-based Businesses in 2009. Home Helpers serves new mothers, those recuperating from illness or injury and those facing lifelong physical and developmental challenges.
Web site: www.proforma.com/company/aboutus
Required investment: $4,730 to $38,695
Proforma creates personalized promotional products, offers commercial printing services, designs custom business forms and stationery, provides e-commerce solutions, and is capable of multimedia production and total project management. Franchisees offer a complete portfolio of products and services to b-to-b clients.
Web site: www.rooterman.com/content/franchising.html
Required investment: $46,750 to $137,600
If you have mechanical ability, put your skills to work in sewer and drain cleaning. This franchisor offers its franchisees a wealth of marketing materials, including local advertising, truck decals, uniform monograms, printing proofs for work orders, letterheads, envelopes and business cards. Rooter-Man ranks No. 87 on Entrepreneur’s “Franchise 500” list.
Web site: www.novusglass.com/franchise/us
Required investment: $18,900 to $202,670
Novus Glass is the largest franchise brand in windshield repair and replacement, so the brand recognition is strong. Plus, Novus has a full-time research and development department dedicated to ensuring its franchisees have the most technologically advanced equipment and resins in the field. Entrepreneur ranked Novus Glass No. 23 on its list of top home-based franchises.
Web site: www.lawndoctorfranchise.com
Required investment: $77,347 to $79,947
As the largest franchise in the lawn care industry, Lawn Doctor cares for more than 1 billion square feet of earth, providing lawn care and insect control to its customers. The franchise offers two weeks of initial training to franchisees, as well as ongoing support in the form of newsletters, meetings and a toll-free help line.