Top Franchise Opportunities
While it's too early to tell which specific brands may be the right fit for you, there are four main categories to consider. Each category has its own features and benefits, investment level, ownership models, and financial opportunities.
These are the lowest investments available with high ROI potential. Investments typically range from $50K to $250K on average. They serve consumers and businesses and are often run out of a home office.
Owners are usually hands-on in these businesses and directly impact the financial outcome. The ownership models span self-employed, owner-operator, and semi-absentee, and cover a wide variety of industries.
Are you looking for resales? Sometimes it makes sense to buy an existing unit. People want a great deal on a business and avoid the startup phase when possible. However, there are many pieces of that puzzle to consider.
In my 30-years of experience, I've seen three types of businesses for sale: The broken, the overvalued, and the sweet spot (aka the unicorn). Resales take a particular kind of owner. Each one requires different skills, support, and capital to acquire and operate.
Finding the right resale is no different from finding a new one. It all starts with you! To do it successfully, you still need to focus on the characteristics rather than any perceived deal you might get on it. So long as the resale aligns with your goals and objectives, it might make sense to pursue.
Resales can be hard to find, especially the unicorns. But like new units, they come in various ownership models, industries, and investment levels. So if you think resales are your path, give me a call, and let's talk about it. I'll walk you through the highlights and help you figure out if it makes sense to pursue.