Tweet

New Franchise Opportunities For The New Investor

Written by: Candice Clem

Article Overview: As a new investor, it may be somewhat scary to dive into a new investment in this economy. Franchises, however, were one of the only types of business to report growth during the recent recession, so here's a look at your investment options.

New Franchise Opportunities For The New Investor

For most entrepreneurs, the first investment is usually the most difficult and is often what makes or breaks a career in business. No investment is a sure thing, but rather than just diving into a business and hoping it works out, there are a few ways to insulate yourself to give your first small business venture the best chance for success. One of the top ways to get your business running strong out of the gate is to choose one of the many new franchise opportunities available that not only have a strong track record and represent a solid investment, but also are geared towards new investors by supplying everything needed to make the business a success from branding and marketing to business plans and leadership and management training. If you’d like to set out on your own first investment but need a little reassurance and a push in the right direction, take a look at a few New Franchise Opportunities For The New Investor.

Strong Investment, No Bull!
A franchise is available for nearly every investment level and career path, but for the average first time investor, low cost franchises will be the most practical choice and generally the quickest way to expand your business by creating quick cash flow and operating with low overhead. Paint Bull is one such franchise that specializes in repairing minor auto damage right at the customer’s home or place of business. With initial investments ranging from $5,000 to $30,000 and many franchisees reporting annual sales of over $100K, it’s easy to see how this home based business can pay off very well, even in the first year. No auto knowledge is required as Paint Bull will train and certify you to perform repairs, provide you will all of the necessary equipment and supplies and even send a Paint Bull representative to your area to help you with the initial sales. The icing on the cake for new investors is the loan process available directly from Paint Bull providing you with a new home based business for $0 down with approved credit.

Hot, Spicy, Right To Your Door
Seeing an overwhelming majority of pizza in the food delivery market and wanting to offer a fun and tasty alternative, Wing Zone began a little more than a decade ago and has grown fast, earning such accolades as "Top 20 new franchise offerings" from entrepreneur magazine and a featured appearance on the Food Network in the popular show, "Roker on the Road." Wing Zone’s 25 proprietary sauces help them to stand out among other wing establishments and the small footprint of only 1,000 sq/ft needed for the restaurant makes starting your own Wing Zone more practical and affordable than nearly any other retail establishment. Their award winning sauces combined with a strong delivery system makes Wing Zone a strong franchise and a great candidate for the new or first time investor. Wing Zone provides franchisees with extensive training, real estate assistance and ongoing support through telephone consultation and a company wide Intranet. Interested investors should have a minimum of $60,000 liquid capital and a total investment of around $250-$300K.

Deck Out Your New Investment
An estimated 60 million (or 75% of all single-family homes) do not have a deck, and Archadeck is capitalizing on this $8 billion market as America’s Deck Buildersm. With over 65,000 successful projects since it’s inception in 1980, Archadeck has built a proven deck building method and expanded its services to sunrooms, gazebos, pergolas, arbors, pool & spa decks and plenty of other outdoor structural applications. With an Archadeck franchise, you’ll be able to work from home on all of the administration work and then on site for the actual construction. Franchisees with little to no construction experience need not be intimidated because Archadeck provides comprehensive training and have made successful franchisees from entrepreneurs from all walks of life including communications, computers, accounting, retailing and many other fields. Along with the specific training related to the actual construction, Archadeck also provides training in marketing, sales and administration taking you from new investor to a seasoned Archadeck entrepreneur.

Bark and Brew
Like Reese’s candy with chocolate and peanut butter, sometimes some of the most unlikely combinations can ultimately work very well together. This is the idea behind the Muddy Paw Wash & Coffee Bar, a unique franchise opportunity providing a top-notch dog washing service, a retail store filled with plenty of products for your furry friend, and a gourmet coffee bar, serving up hot cappuccinos and cool iced lattes. While the three aspects of the business work very well together, the pet retail section and coffee bar serve to attract their own client base and work well to boost your business by giving you three distinct businesses in one location. With nearly 75 million dogs in the US, many in urban areas, pet boutiques have really started to take off in the last few years and with the unique and diverse business approach taken by Muddy Paw Wash & Coffee Bar, prospective franchisees are poised to take a big piece of this growing market.

While no investment is a guarantee, these franchises show great potential for the first time investor with their broad appeal, low overhead and unique business models. A new business venture requires not only a financial investment, but also a personal investment of time and hard work and an emotional investment of pouring yourself into a business to make it succeed. The best way to guarantee that you’ll be able to provide this investment is to consider all of the financial costs required to run the business for at least the first year and secondly, choose a business that excites you. With a business that will make you want to jump out of bed in the morning and go to work, you’ll set yourself up for success, and that positive outlook will work it’s way down to your employees, your customers and ultimately, your profits.

Related Articles
  About 60% of all franchise opportunities have less than 50 units.
  Why Use a Franchise Consultant?
  Do You Need Experience to Own a Franchise?
  How To Find The Best Small Business Opportunity For You
  Are You Ready to Start a Franchise?

Article Tags: auto damage, business venture, career path, first time investor, franchise opportunities, franchisees, initial investments, initial sales, investment level, leadership and management, loan process, low cost franchises, necessary equipment, new investor, paint bull, place of business, reassurance, solid investment, sure thing, top ways



Related Forum Posts
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
Re: Info for would be franchisers... - [quote="Sebastien":2gam0klq][quote="BuzzAroundBooks":2gam0klq]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to.[/quote:2gam0klq][/quote:2gam0klq] That is really what I look for in any industry publication. We lead busy lives and when people fill their magazines with fluff, not only does it benefit no one, but it makes us truly appreciate those that don't. Thanks!


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The Biggest Domain Name Myth

The Neglected Art of Receiving

How to Develop Your Powers of Thought.

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.