Are you planning to open a business? Then check out this list of the six easiest franchises to start! When looking for a good business opportunity in the franchisee world, there are some important things one should always take into account. Franchises have numerous benefits, allowing entrepreneurs to get into the business world without much previous experience. A recognizable brand and an established business model usually guarantee a rather stable business. Yet, some startup costs and the market demand for the product or service, along with the franchise fees and potential revenue are elements to take into account to evaluate the growth prospects of the business. Moreover, each industry has its particular challenges and benefits, and the outcome of a franchise depends on several factors such as the brand strength, the location, the management, and the particular growth of the industry.
Despite their relatively low-risk (compared to starting a new business and brand), some franchises can be very profitable. We have compiled a list featuring the Top 10 Most Profitable Franchises in 2014 taking into account the different brands’ track records, and the particular growth of their industries. Nevertheless, some of these franchises require some specific knowledge and might involve some big initial investment costs.
In that vein, we’ve built this list of the easiest franchises to start, that require a combination of low investment and skills or knowledge, while still maintaining a track record of being profitable for their owners. Nevertheless, it is important to consider a value-priced franchise, in order to get through rough patches and remain stable through any fluctuations in the economy that may come our way. Check out our list on the six easiest franchises to start and find out where to invest your money!