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Better Life style:
Service
franchises in my opinion can generally offer the
owner/operator a better life style, less stress, and more
freedom for a number of reasons including the following.
They generally require less operating hours, most can be
operated on 5 day work week, they usually have lower
staffing requirements with less employee headaches, they
have no inventory spoilage concerns, and overall they are
generally easier to manage.
Lower Investment:
Because
they generally do not require the expense of building out a
retail location or store front in a high traffic area, or
have the equipment requirements of a food or restaurant
franchise, service franchises on a whole generally require
lower overall start up costs.
Easier To Grow:
Unlike
retail franchise businesses that are confined to a specific
location and are dependent on foot traffic, service
businesses offer the owner the opportunity to go out and
generate new business in a large geographic area through a
number of different marketing options. Expanding a service
business to new markets is also generally a lot less capital
intensive or expensive than adding a new physical retail
unit.
Easier To Manage:
I can
assure you from personal experience that managing a service
business is generally a lot easier as compared to a retail
food or restaurant franchise. Most small businesses today
have challenges with finding reliable employees to fulfill
their staffing requirements. But for a number of reasons
retail businesses, particularly restaurants, have more
employee turnover and headaches than most.
Better Success Rate:
Although
all categories of business franchising have a statistically
higher rate of success than non-franchise business
start-ups, It’s been my observation that the success rate of
service related franchises is generally higher than retail
franchises. I believe this can be contributed to a number of
factors including lower start up and operating costs, less
staffing requirements, better profit margins, generally less
overhead, and an overall better life style that can be
maintained operating a service related business.
About The Author:
Ray Haiber
is the founder of
AZfranchises.com. He has 10 years experience as
franchise sales consultant as well as a professional small
business broker in Arizona. Visit
AZfranchises.com to view and research
franchise
opportunities for sale in through out the USA including hot
service related franchising concepts.
Please feel free to
contact us directly
at 602-292-0553 if you have any questions.
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