As a business broker and franchise sales consultant I am often asked the young professional types what the most profitable franchise opportunity to start and ownership. From my experience there are some common factors or characteristics that provide some of the benefits of a franchise business model or a particular advantage when it comes to the ability to produce consistently high profit margins. Some useful features include a low overhead, limited competition, and does not offer any kind of commodity products or services of low resistance. Here are some categories of franchise opportunities to share some of the features and are generally regarded as having the right stuff to be a very profitable.
Financial Service Franchising: Franchising offers related services such as financing preparation services, accounting, insurance and consumer income tax generally enjoy a very high profit margin for several reasons. These include lower overhead costs due to generally lower staffing requirements and is not an absolute necessity to use high traffic (and expensive) of retail space. And because they offer the kind of professional service barriers to entry are slightly higher than the average first home or supervisory cleaning franchise that helped to limit competition. And last but not least in financial services such as insurance and tax franchise offers the ability to generate recurring and residual income that can do wonders for a franchise under line.
Medical and Health Care: Medical and health-related health franchise is well positioned to reap the benefits of the growing market for basic and favorable demographic trends such as the aging baby boomer population is inevitable. Traditionally associated franchise offering medical services such as assisted space, senior home health care and laboratory tests have very high profit margins and generally considered recession-resistant. These factors bode well for maintaining high profit margins for the average non-discretionary services will always be in demand for the next future.
Home Based Franchise: Some small businesses are the most Highly Profitable I have worked as a home-based business brokerage professionals. In my opinion the benefits of not having a monthly lease payment fee can not be overstated in terms of bottom line profitability. Other lucrative income with home-based franchise businesses, including daily commuting or travel costs, as well as certain tax advantages that can put more money in your pocket at the end of the year. Be sure to consult with your accountant or CPA for more details on the benefits of home-based franchise start a franchise tax or business.
Internet:Starting an internet franchise business offers many advantages to the terms of setting the stage for a very profitable.This including the fact that the majority of franchise opportunities the internet has to offer current can be easily operated from a small home office with only one internet connection, computers, desks, and chairs. Because of lower overhead costs than a typical brick and mortar retail franchise business at no cost or lease expensive equipment and inventory costs. And the most common Internet Franchise offered today are designed to be owner operated so there is no expensive staffing requirements either.
