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Low cost franhises, is there such a thing?! One of the drawbacks of franchising for some can be the perceived high costs. This however is not always the case. There are many low cost franchises available to buy which can ultimately reduce the financial risk for potential partners making them a more viable option for those interested in franchising. A franchise run from home will be more affordable than one that requires retail premises or an office, or a lot of expensive equipment. The drawbacks can be lower profit margins and higher competition. Most low cost franchise opportunities will be operated on a owner-operator basis and not require the recruitment of staff. There may however be opportunities to develop an owner-operator business into a management franchise when the franchisee is ready and willing to do so. So what starts as a low cost franchise opportunity, could be developed into a substantial business.
low-cost.jpgLow cost franhises, is there such a thing?! One of the drawbacks of franchising for some can be the perceived high costs. This however is not always the case. There are many low cost franchises available to buy which can ultimately reduce the financial risk for potential partners making them a more viable option for those interested in franchising. A franchise run from home will be more affordable than one that requires retail premises or an office, or a lot of expensive equipment. The drawbacks can be lower profit margins and higher competition.
Most low cost franchise opportunities will be operated on a owner-operator basis and not require the recruitment of staff. There may however be opportunities to develop an owner-operator business into a management franchise when the franchisee is ready and willing to do so. So what starts as a low cost franchise opportunity, could be developed into a substantial business.
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