Retirement: Prime Time to Buy Into a Franchise? Could Be!

It’s possible that there’s never been a better time to buy into a franchise than when you’re standing on the threshold of retirement. Call it Retirement Plan B. Here’s what I’m thinking. You’ve spent a lifetime learning your trade and cultivating your career, why not take those skills and life lessons to the next level and collect the rewards that come with owning your own business?
In today’s economy, it may be difficult to get a loan to start a business, true. However, a retiree has the benefit of having a lifetime of experience under his/her belt and the extra addition of a pension. Lenders love experience and couple experience with financial backing and the combination is a solid one-two punch.


Retirees want to stay active and involved, but at the same time desire flexibility to do the things they enjoy. An avid golfer might enjoy investing in Golf Greens Fore U, a portable putting green business. Or, how many times have we heard the wife of a newly retired husband claim that her husband’s “constant tinkering” around the house and yard is driving her up the wall? Consider becoming your town’s Mr. Handyman franchise owner. Many people who have devoted their lives to the restaurant or retail industries may want to take life for a spin on the side and try ownership and management. Financial wizards may want to try their hand at consulting. The possibilities are endless and can allow an individual to extend his or her career well into those retirement years, enjoy increased leisure activity, and at the same time reap the rewards that come with business ownership.


Boy, if we’ve said it once…buying into a franchise beats independent business ownership hands down when you’re a first-time out entrepreneur. For a franchise fee, you get the automatic backing of a solid business reputation along with a tried and true business plan, tax information, etc. If startup costs have you worried, consider that many franchises can be bought into for under $50K; even some for under $25K.


Franchise Creature is pretty much a one-stop franchise “shopping” site. One of the things we pride ourselves with most is the fact that we are low pressure, personal and always available to answer questions. You won’t be bullied into spending more than what you want to spend to make your franchise dreams a reality, and you won’t be given time limitations or ultimatums when you’re making decisions about whether or not to franchise or about franchise selection. It’s a tough economy, we understand. Visit us today online at www.franchisecreature.com, take a look around, see what catches your eye. And when you’re ready to formulate your version of Retirement Plan B, let us know!

Franchising...? In this Economy?

It is possible that the downward spiraling economy is responsible for the spike in interest in franchise ownership. With so many companies downsizing and unemployment numbers climbing, this country finds itself with a surplus of available managers, supervisors and otherwise qualified individuals.

The phrase "bulletproof job" will surely emerge on Google at the year's end as being one of the most (if not the most) searched phrases of 2008, but we know this now--nothing is truly bulletproof when it comes to jobs. Despite the typically steep upfront cash requirement for franchising, and aside of these fledgling economic times, this may very well be the best time to explore franchise ownership, believe it or not.

If we've said it once, we've said it a million times--franchise ownership is the security of owning your own business with the backing of the solid reputation of those who have gone, and succeeded, before you.

Unlike with independent business ownership, with franchise ownership you get the confidence of a good name, training and a solid business model from which to build your business to be as successful as possible.

The name of the game is research. Knowing your own personal strengths, your market and your budget are all steps to becoming a practical franchise owner. Google everything related to the franchise you have an interest in, but don't get so invested in the opinions regarding their successes (or failures) of other franchise owners that you neglect to realize a potentially great opportunity.

This is a nice corporate video put together by Molly Maid about investing in franchise ownership during these sketchy economic times. We liked it.