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Home Based Franchise Opportunity - Home Based Franchises - Best Home Based Franchise Opportunities, Home Based Franchise Opportunity Dangers

Opportunities and Cautions

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For many who have lost their jobs or are looking to start a new career, home based franchises can be a great method for getting back to work and finding a career that they truly enjoy. However, while many such legitimate opportunities are out there, there are an equal number, if not more, scams out there as well. Therefore, when considering a home based franchise opportunity, be sure to take the time to research the company and make sure that they are legitimate.

Best Home Based Franchise Opportunities

Most legitimate home based franchise opportunities involve what amounts to starting a small business, and will probably include a significant franchise fee, long hours, and the chance of failure. To start a home based franchise, you will need to begin by determining what kind of business you want to start, what your options are in that field, and what your start up costs will be, including the initial franchise fee. When factoring your overall start up costs, you will need to be sure that you add any materials and payroll services that are not included in the franchise fee.

Some of the best home based franchise opportunities are cleaning and service business. Jani-King is a commercial cleaning business that sells franchises around the world and has over 10,000 franchises worldwide. For approximately $15,000 to $35,000, depending on the size of the franchise, the company will provide you with equipment and a basic structure to launch a cleaning business along with 40 hours of initial training. It is typically the franchise owner’s responsibility to obtain clients, and he or she will also pay on-going 10% royalty fee to the Jani-King company. Another well-regarded home based franchise is Serv Pro. Though this company started as a painting business, it is now a disaster clean up and restoration franchise. This company, which has about 1500 U.S. franchises, charges about $40,000 for a start up franchise and ongoing royalties of 3% to 10%. They also require their franchise owners to be able to demonstrate that their net worth exceeds $100,000 and that they have liquid assets of about $60,000. With Serv Pro, the company will provide start up equipment and inventory, along with initial and ongoing training as needed. Several other home based cleaning and restoration services offer home franchising opportunities. These include Vanguard Cleaning Systems, Servicemaster, and Bonus Building Care. Other well-known companies that offer home based franchise opportunities include Snap-on Tools, Matco Tools, and Jazzercise Inc.

Home Based Franchise Opportunity Dangers

While any home based franchise comes with a certain amount of risk, it is important to get a good understanding of the history and success rate of the business that you would like to work with. Many smaller home based franchises are basically built on pyramid schemes. While some of these companies, such as Amway, Mary Kay, and Tupperware, have been quite lucrative both for the company and franchise owners, more often than not, these opportunities end with the company making money while the franchise owner makes little to nothing. Other home based franchise opportunities, however, are nothing more than scams. If the company promises results and makes ridiculous claims, like a $50,000 per month income for stuffing envelopes, then it is more than likely a scam. Before sending any money to a company, be sure to familiarize yourself with its website and as many online reviews as you can find.

If you are careful, willing to work hard, and have the means for a significant up front investment, then a home based franchise could be a great way to make a good living while being your own boss. As with any small business opportunity, it is a risky endeavor, but for many it is ultimately a satisfying one.

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