Small business ideas come in all shapes and sizes. As people look to reduce start-up costs and search for ways to become successful small business owners, they inevitably turn to franchises. There are loads of franchise opportunities out there that can provide you with a small business to run and make money.
In this piece, we look at some of the best opportunities available in 2017 and beyond:
Nowadays there is greater emphasis on fitness and health than ever before, and the business world has reacted to this. Gyms and fitness studios are now almost essential in every town and city. They’re a fantastic business opportunity as many people want to get fit and will pay to go to the gym. Not only that but by buying a well-known gym franchise you already have a magnet to draw in customers thanks to the brand. Plus, gyms can be small in inner-city areas, which means you can run one with a very small pool of employees, which keeps expenses down and maximizes profits. The fitness trend is only going to get hotter, so buy a gym/fitness studio franchise if you want a piece of the action.
Senior Care Homes
When you think of popular franchise ideas, you probably don’t think of care homes. But, the reality is that a senior care business is very profitable right now. The world we live in is very different to how it was a decade or two ago. More people are living professional lives and going to work. As a result, it’s less common for elderly people to be taken in by their family as they simply can’t find the time to give them the care they need. So, they take them to senior care homes where they can get all the attention required. As a result, admissions into care homes are on the rise, and more care home franchises are popping up. This trend is set to continue, and with low startup costs, a senior care home could be the franchise for you.
Businesses in the food & drink industry have always been popular franchise opportunities. But, cafes are probably your best bet right now. No matter where you look, there’s always a cafe franchise somewhere that’s packed full of customers. They’re simply more convenient than restaurants as people can just nip in when they’re shopping and have a coffee or a quick bite to eat without waiting or booking a table. Also, people love meeting for coffee in a cafe or getting a takeaway drink before they go to work. With a strong brand behind you, you can start a cafe franchise that’s packed full of customers and makes loads of money.
As you can see, there are three franchise opportunities here that are wildly different from one another. One is to do with fitness, one with healthcare, and the final one revolves around food/drink. However, they all have one thing in common; they’re great opportunities if you want to start a successful business this year and see continued success too.