Service Business Franchises are Thriving!

Despite the current economic situation, this could be the best time ever to buy into a service business franchise. Of course when considering franchise ownership, the number one concern almost always centers around money. You’re talking startup fees, money for a building or merchandise, and then money for maintaining operations, and that can be a lot of green if you don’t have that much! It’s especially difficult to justify spending your life savings or draining your 401K in such low economic times, particularly if you’ve recently lost your job due to downsizing. If you’ve spent countless nights lying awake at night rolling all this around in your head, you’re probably best fit to take the franchise ownership plunge. And, if you’re financially limited, owning a service business might be your most practical solution.

It’s a rare person who enters into any serious business arrangement without apprehensions. Shaving some of the monetary investment off that plunge can defer some of the franchise ownership fears. In terms of service businesses, some can be bought into for a relatively low fee and little overhead. Some handyman-types of businesses can be started for under 30K. In general, more people are making do with what they have now that we’re in a full-blown recession and here’s where service business owners have the edge.

The average American who’s been impacted by the current recession is less likely to buy a new house. Still, the desire to have things nice and new doesn’t go away. Enter all facets of home remodeling, deck builders, interior decorators, etc. A homeowner wishing to have a new driveway poured might instead settle for a nice driveway revamp. Same with the person who would like a new bathtub, but would might be willing to settle for hiring someone to re-porcelain their existing one. And the list goes on. Consider that while unable to make any dramatic moves in this economy, some folks are choosing to revitalize their current property to make feasible for their existing housing situation or to make it more saleable once the economy has bounced back. This can only mean good things for the person in a service-related business.

According to nearly all new sources, Americans are making cutbacks in their everyday living all across the board. Furniture repairpersons are experiencing an upswing in business, traversing the city to repair, refurbish or just polish up existing pieces of furniture in lieu of purchasing new. We’ve even heard rumor about hotels and motels enlisting such services to compensate for the drop in room bookings. It’s a great idea, and don’t get us started on how great all this repair business it is for the environment.

Shoe cobblers are reporting an influx of new businesses as well. People are repairing shoes and zippers and clothing instead of tossing out and buying fresh. In other words it’s true—everything old is new again. According to an article in the Daily News, NY Local: As New Yorkers cut back on spending and cobble together their cash, the city's shoe repair stores are getting an unexpected boost. "It's getting better and better," said Cesar Andrade, who owns Andrade Shoe Repair in the West Village. That’s certainly music to the ears of new service business owners!

Finally, appliances and cars do not care what the state of the economy is and will always require regular maintenance and be subject to repairs. Seriously, when was the last time your toilet asked you if you could afford a world-class backup in your only bathroom, hmm? Didn’t think so.

So, maybe the recession isn’t hard on everyone, think? If you’ve always thought that business ownership would be right for you; if you have access to some level of funds for the purpose of investing; if you’ve recently been victimized by the fluctuating job market and are craving some semblance of job stability, buying into a service business franchise could be what you’re looking for.

Again—reputation, reputation, reputation—you’re buying into an existing line of work with a business plan that’s tried and true. Add that to the low overhead of operating out of your home and the knowledge that more and more people are repairing and restoring instead of buying new, and you’ve got the potential for more job stability than most Americans do right now.

When you’re ready to get more information about franchise ownership, visit FranchiseCreature.com to access hundreds of service business franchises that can be started for low fees and with low overhead, with representatives standing by to guide you through every step of the process. It’s a factual, no-pressure way to investigate your service business ownership choices.


Sources:
Daily News, NY Local, November 25, 2008: Shoe repair rises hard on heels of economy slump. http://www.nydailynews.com/ny_local/2008/11/25/2008-11-25_shoe_repair_rises_hard_on_heels_of_econo.html