3 mobile franchises under $50k
If you have ever tried to start a business on your own, you know that costs can stack up quickly. With staffing, site selection and lease negotiation not coming cheap, a fixed premise business can put the financial breaks on your entrepreneurial dream.
It’s exactly this notion that some of the country’s most iconic franchises are banking on.
The rise of mobile franchises has allowed solo operators, husband and wife teams and forward-thinking families to enter the entrepreneurial world.
In fact, the operating model has been so profitable, a number of bricks and mortar franchises have implemented a mobile component to supplement their existing businesses.
So, which are the mobile franchises making a splash in the market? Inside Franchise Business takes a look at three mobile franchises under $50k.
Heritage franchise brand, Bathroom Werx has just notched up 33 years of operation, but their model remains as affordable as ever.
To celebrate the milestone, the bathroom makeover and renovations business introduced an interest free loan and finance of up to 50 per cent of the franchise fee of $45,000 – subject to lender approval.
The low entry cost provides an accessible step into business ownership with franchisees offered the opportunity of scalability.
Partners are encouraged to grow their business from a ‘man in a van’ operation, into a thriving multi-van fleet.
Additionally, Bathroom Werx has invested heavily in industry innovation, implementing a unique technology that allows bathrooms to be restored in as little as one day at a third of the cost of a traditional renovation.
The reduction in time means franchisees operate on high gross profit margins, with the potential to see a return on their investment in under one year.
Big smiles, low costs. That’s the model that has allowed TapSnap to help aspiring entrepreneurs make the most of their mobile business.
TapSnap effectively has two channels of operation. On one hand, the franchise is a social media photo booth for weddings, celebrations, and Christmas parties, while at the same time, can be utilised as a photo marketing kiosk for both national and local corporate events.
The event entertainment and photo marketing business costs as little as $50,000 to get started, with franchisees not required to find a location or sign a lease.
The business is simple to operate and can be run out of your home, with full training, support and equipment provided.
An Australian-first, My Home Watch provides home-watching services for homes, boats and real estate agencies.
Since launching nationally in 2017, the brand has grown steadily, as the Australian home-watching market races to catch up to the $700m US and Canadian industry.
Initial investment cost is only $25,000 plus GST, with franchisees from all walks of life encouraged to apply.
No qualifications are necessary, with full training provided. My Home Watch franchisee Ben Fidden said the no-barriers opportunity provided him with the perfect entry into the property industry.
“The domestic side of property management was the kind of business I really wanted to get into and with a franchise, the branding and legal work was already done,” Fidden said.
“I think the great thing is, although it sounds contradictory, it’s niche because we offer a wide range of services. We can pop in on a client on the same contract and do a range of different things while we’re there.
The flexible business model allows franchisees to run their operation from home and schedule appointments when they see fit.
A motive for mobile franchises
Running a mobile franchise is one of the more flexible arrangements a business owner can have.
Partners are regularly encouraged to set their own hours and take on as much work as they wish, providing the option of work/life balance and self-fulfilment.
If you want to work for yourself, consider if your next move should be a franchise on the move!