The Advantages Of Home-Based Business Franchises
Learn about home-based business franchises, find out how they work, and discover why many entrepreneurs prefer this business model over other options.
A home-based business is any business that the proprietor can operate out of their home. This doesn’t mean they work from home, necessarily, but rather that they don’t have an office, store, or garage where their clients come to visit them. Instead, they either work from home, or they go to their clients to deliver their services.
Many tradespeople operate home-based businesses. They visit people’s homes, businesses, and other job sites where they carry out their services. The second part of this term, “franchise”, means the business owner works within a franchising framework. They pay an initial fee and some franchisors also charge a franchising fee depending on the business, such as a 1%–5% royalty fee on sales. For these fees, franchisees receive training, ongoing guidance, a brand name under which they can operate, and can benefit from business relationships the franchisor has.
The first advantage of a home-based business is that you have fewer expenditures. You maintain almost no overhead costs. You don’t have to pay commercial rent to operate out of a shop. This also allows you to write off certain home business expenses, such as a portion of your energy costs.
Another advantage is that it offers you flexibility. You don’t have to commute to and from work at the same time every day. You can establish a time that works for both you and your clients. And owning a franchise is beneficial for several reasons. You get to be your own boss, but you still have the support from experienced professionals who know how to run successful businesses. And you get to use a brand name, which can help new customers find you.
Many of our franchise partners at Kitchen Solvers are home-based. They operate out of their homes and work in their clients’ homes. However, some of our franchise partners maintain showrooms. This makes it easier to show off their work and attract new customers. Many of our franchisees begin working out of their home with very few employees and, as they grow their business, they eventually establish a showroom and a larger staff.
At Kitchen Solvers, we are always looking for opportunities to work with qualified candidates as one of our franchise partners. If you would like to learn more about our home-based business opportunities, please do not hesitate to get in touch with us.