View post: CrankyGeeks Episode 164 – H.264 Version
By Claire Quaty
A franchise is a license to use a trademark in exchange for payment of fees or royalties and involves some material assistance from the trademark owner. The typical business franchise provides the franchisee with a complete operating system that includes all of the systems, techniques, practices and sometimes equipment that the franchisee needs to get up and running and continue running. Usually, the franchisor also provides a marketing program and other support services.
Franchise businesses account for about one third of total retail sales in the United States, 10% of all fulltime businesses with employees, and franchises provide employment to over 7 million Americans. The average investment, before real estate expenses in over 75% of franchises, is less than $250,000. For this reason alone, franchises are appealing to many entrepreneurs.
There are a few franchises that are new, up-and-coming and are hot in the franchise offerings right now.
Health Career Agents provides healthcare providers with unique employment placement services through independent channels. The capital requirement needed to invest is $27,900.
Right at Home is a company that offers in home care and assistance and is dedicated to improving the quality of life for its clients. The capital requirement to invest is $50,000 – $60,000.
FranNet is the world’s largest network of franchise consultants. Consultants at FranNet assist new franchisees with every step of setting up their own franchise business. The capital requirement needed to invest is $30,000.
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