If you want to start a business on your own or buy a franchise on sale, you should know that it is not the easiest thing to do, no matter how alluring the idea sounds. The majority of franchisees prefer the stability that comes with adhering to a tried-and-true business model, as well as the ability to pursue their entrepreneurial dreams. Even if joining a franchise suggests you won’t have to do it alone because running a business is no simple task, it’s still a big step.
5 Best Low-Cost Business Franchises On Sale
If you are planning to start your business venture with a low-cost franchise, here are a few ideas that you can try in Canada:
- Window Medics: Looking at how traditionally closed-off window glass industry is to outsiders, if you want to venture into the industry, there is no better way to do it than buying a Window Medics franchise. Window Medics franchises are not only extremely affordable, but it also provides their new franchisees with a two-day training session, extensive help with marketing and promotion, and you get access to their specialized window defogging process and equipment that sets them apart from other companies. Window Medics is rapidly growing and is always looking for young entrepreneurs to buy franchising opportunities and expand their business to even more locations. To know more about their franchise option, call 888-329-7116 or email info@windowmedics.com.
- JDI Cleaning Systems Inc: For people with management and sales expertise, JDI’s franchises are available across Canada. For individuals seeking an executive franchise opportunity with above-average profits, you consider the master franchise program. Your local service franchisees do the cleaning while you manage the company. Their neighborhood franchising program was developed for company owners who wanted to launch a service-based enterprise in the commercial cleaning industry. Included are janitorial contracts, supplies, and a comprehensive training program; JDI Cleaning Systems Inc is looking for young people to buy their franchise as they thrive.
- Bark Busters Home Dog Training: The goal of Bark Busters is to make life better for both dog owners and their families. Bark Busters is seeking individuals that are passionate about this. If you are excellent communicators who have faith in your capacity to market your business Bark Buster franchise is perfect for you. Because of the rigorous training, support network, big customer base and infrastructure and systems, their franchises enjoy a significant competitive advantage over their rivals in the dog training industry.
- Enviro Masters Lawn Care: Are you into gardening and lawn care? Do you think you would like to pursue this as a career? Join Canada’s fastest-growing organic and environmentally responsible lawn care business with Enviro Masters. The company provides in-depth training, marketing, and ongoing support packages that cover business, infield coaching, and grass upkeep. It is a low-cost business model with a high ROI if you know how to market your business.
- Canada Bread: In terms of food franchises, Canada Bread is the biggest commercial bakery business in the country. Established in 1911, the Canada Bread brand now has more than 900 locations across the country and expanding to even more locations. In 2014, Grupo Bimbo, the largest commercial bread producer in the world with operations in 32 countries, purchased it.
To franchise with this company’s brand, you must do it through Bimbo Canada, the business’s Canadian branch. Apart from having the vision to take the business to new heights in your local area, you should also have a minimum of $30,000 in free cash that is required for the franchise fee.
What should you consider before owning a business?
Whether you are planning to start your own business or buy a franchise, here are a few things you should remember:
- Know why you want to start a business
Everyone thinking of either buying a franchise or starting a business should figure out their motives before taking the first steps. It entails a big deal of risk, a lot of work, and a great deal of accountability. Joining a franchise can help mitigate some risks, but it does not guarantee that the business will be successful. What benefits do you expect from owning a business? You’ll be able to decide whether you even want to seek business ownership based on the answer to that question.
Think hard about whether you really want to follow a set of tried and tested rules of a franchise or whether you want to create something entirely new.
- Understanding the franchise market
Franchises provide ambitious business owners with a head start in the world of business ownership, which is why many of them choose to do so. But you must fully comprehend what franchising implies and what is required of you. The Canadian Franchise Association and the International Franchise Association both include a plethora of information that anybody contemplating franchising may use.
- Choosing the franchise that fits your requirement
You have a wide selection of options because thousands of businesses have chosen to use the franchising model to expand. You must base your decision on a wide range of factors to choose which is ideal for you. The franchise you ultimately decide to go with will rely on several things, including your interests, the amount of money you have available for an initial investment, the level of responsibility you want to have inside a company, your objectives, and many more.
Where you live will also affect whatever franchise you select. If you live in an area already served by the franchise you want, you might not be able to purchase it. You’ll need to be flexible and open to new ideas.
- Have a plan to secure your financing
The majority of franchise owners will help their customers acquire financing, and some even provide loans. It’s prudent to check your credit, though, to ensure that you can get financing when the time comes. Be aware that even if you join a well-known company, it can take a year or longer for your business to succeed in this regard. The equipment and franchise fee are the minimum expenditures; your expenses will be far more.
