Home-based franchise opportunities exist in various sectors and a wide range of businesses, from pet-sitting and house cleaning to senior care and Internet consulting services. The initial investment for an at-home franchise is often lower than a conventional franchise, anywhere in the $10,000 to $100,000 range. However, some franchises start out for as little as $3,000.
In addition to low startup costs, what makes franchises operated out of the home appealing to would-be entrepreneurs are flexible working schedules and low overhead costs. Since the franchise owner doesn’t need commercial space, at-home franchises typically require little to no inventory.
Some of the most promising home-based industries are experiencing high participation rates among minority franchise owners. Take, for instance, in-home senior care service, which is among the top franchises thanks to a growing trend toward “aging in place,” according to IBSIS World. The $6 billion in-home senior care franchises industry has flourished in the past five years and will continue to rapidly expand through 2017. This is good news for minority franchisees, many of whom are gaining ground in this area through one of the fastest-growing senior care franchise systems in the country, Always Best Care Senior Services.
Minority owners also have a significantly high participation in maintenance and commercial cleaning service franchises operated from home, including JAN-PRO Cleaning Systems. The low cost of entry into the maintenance industry is one contributing factor, reports the National Minority Franchising Initiative.
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