How to Evaluate Low Cost Franchises as Alternative Investment Instruments
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How to Evaluate Low Cost Franchises as Alternative Investment Instruments
Investing in low cost franchises may be a strategically significant method of generating multiple streams of income. Most people consider the purchase of a franchise as a “job replacement” rather than investment however, with their proven business models and turn-key marketing solutions many low cost franchises are attractive investment alternatives.
According to Entrepreneur.com, the top ten low cost franchises for 2007 include a selection of service based opportunities:
- Jackson Hewitt Tax Service
- RE/MAX Int'l. Inc.
- Jani-King
- Curves
- Liberty Tax Service
- Merle Norman Cosmetics
- Kumon Math & Reading Centers
- Jan-Pro Franchising Int'l. Inc.
- Chem-Dry Carpet Drapery & Upholstery Cleaning
- Bonus Building Care
Who might benefit from purchasing low cost franchises? Many people, including:
- Married couples who desire a flexible small business partnership.
- Working professionals who would like to build an additional second income without leaving their current position.
- Retiree's or Semi-retired professionals who would like to supplement their income without giving up all their free time.
Some franchises require the franchise buyer to be the owner-operator and actually work on site at the establishment. This is essentially a “job replacement” small business opportunity and will require the buyer to invest a significant amount of personal time to establish and operate the business. Instead, for the purpose of purchasing an investment, search for those low cost franchises that allow absentee ownership. This option will provide the flexibility you require while still providing the benefit of small business ownership.
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| Jerry Mayo |
