2021 Franchise Investments Worth Your Money

Franchise investment is a proven business model that new business owners can depend on. Parent companies also have other offerings besides the regular franchisee playbook, they also offer support and assistance, including technical help, marketing, and sourcing, among others.

The coronavirus pandemic may have impacted many businesses, with some industries highly affected than others. However, a March 2020 study by FranConnect showed that 66% of franchisors were actively demanding the sales of new franchises. This indicated that a few brands still had the potentials to grow in 2020 and beyond.

Buying a franchise is one of the strategic ways to start a business without having to go through many of the hurdles that come with starting a business from scratch. It also saves you the stress of trying to build a brand, instead, you can use the franchisor’s marketing collateral. Also, you’ll have access to training and processes that have already been tested, instead of creating your procedures and systems.

Here’s a list of franchises we have outlined for you:

The UPS Store

The UPS Store has a diverse selection of offerings which are all backed by ongoing training, support, and award-winning UPS brand. Regardless of the location, every owner of the UPS Store franchise has the support of the brand and access to advertising, marketing, and other promotional resources. Also, its Main Street Model provides franchise owners with a low-cost franchising option for owners seeking opportunities in small and rural communities.

“When you become an owner of a The UPS Store, you become a part of a network of entrepreneurs who like you, are looking to fulfill their business ownership aspirations and goal of financial freedom.”

Mr. Handyman

Mr. Handyman is a US-based home maintenance and repair service. Its franchisees offer entrepreneurs self-sufficient and effective business opportunities to create the entrepreneurial lifestyle they desire. Since it started franchising in 2000, Mr. Handyman has successfully helped owners to build their businesses through training and support, without having to carry a hammer themselves.

Solar Grids

Solar Grids franchise offers entrepreneurs an opportunity to own a business in management or sales without having to put on a tool belt, climb roofs, or do any other “dirty jobs.” This franchise is for owners who have the business skills to close deals, while the company itself handles the rest of the “dirty work.” Recent studies show that the solar market is a fast-growing market that accounts for 40% of all new electric generating capacity added to the national grid as of 2019. Solar Grids adds all its franchise owners to its community of solar experts to help them connect with a team of professionals in the industry.

Fit Body Boot Camp

Fit Body Boot Camp franchise is a fitness franchise that differs from others in its industry as it allows owners to earn higher profit margins. The fitness service leverages the results of 1-on-1 personal training, alongside the potential of creating multiple income streams. Franchise owners will learn how to transform clients into happy customers, which will result in organic referrals. They will also have access to relatively cheaper equipment to support the business with the necessary things required to keep it operating.    

Fastest Labs Drug Testing

Fastest Labs is a drug testing company that is committed to excellence and precision in business. It has successfully earned a reputation as a leader in the industry, and a big part of its success is tied to its franchise partners. Fastest Labs’ business model is built on providing fast and high-quality drug testing services at very affordable rates. Fastest Labs does not require its franchise owners to have any type of medical license, drug testing experience, or medical background. Because franchise owners will be focusing on drug testing, DNA paternity, alcohol screening, background checks, etc., none of which are medical services.

Golden Senior Health Care

Golden Heart Senior Care franchise is a one-stop opportunity to own and provide quality care services to seniors and other individuals that need home care. It is a highly lucrative business. The service has created an unmatched business model to promote entrepreneurial success amongst its franchise owners. The company also provides franchise owners with its FAST-Start Training Program designed to make the most efficient use out of their time and shorten the required time needed to start and grow their individual Golden Heart Senior Care business.

“Golden Heart Senior Care is a premiere healthcare services company that provides in-home, non-medical client services, including companion care, personal care and assisted living placement to senior citizens and others that require caregiver services and relocation assistance.”

Five Star Painting

Five Star Painting is known for transforming homes with its quality painting service. No experience is required to own a franchise. The established Five Star Painting business model is designed to collaborate with subcontractors. The brand has become one of the top painting brands in North America with nearly 200 franchise owners.

Allstate Insurance Company

Allstate Insurance Company provides its franchise owners with the opportunity to do business with access to customized marketing and advertising tools. Other benefits include ongoing education and support, brand name recognition, high earnings potential, among many others. No insurance background is necessary. However, some qualifications must be met to become a franchise owner, they include:

• Prior ownership of a business or franchise with good experiential knowledge of budgeting, daily operations, staffing, or overall knowledge in business management and sales management.

• Necessary licenses for property & casualty, life & health insurance.

• Sufficient capital of $100,000 minimum

Amazon Delivery Service Partner

Amazon is one of the few companies that saw an upsurge in their business amid the coronavirus pandemic. Consumers have become more reliant on delivery services in recent times, for fear of getting infected with the virus. As a result, Amazon and other delivery and logistics services have had high demand. To keep up with this demand, Amazon is looking to partner with more entrepreneurs to become Amazon Delivery Service Partners. To become an Amazon DSP, you must have at least $30,000 in liquid assets and expect costs around $10,000. Also, Amazon offers its partners the opportunity to oversee teams of employees and delivery vans, depending on their investment. The e-commerce company estimates a potential profit of $75,000 - $300,000 for those with over 20 vans.

GoTelecare

GoTelecare is a telehealth startup that is currently building a franchise business model. The firm not only has an effective software system which it built to provide telehealth solutions but is also licensing its solutions to entrepreneurs in the form of franchise. This firm offers its franchise owners both telehealth and medical billing solutions, marketing itself as a “zero headache operation.” The goal of the franchisee is to get customers and handle minor customer service. While the GoTelecare team handles the billing, trainings, customer support, and more. To become a franchise owner, you need to have $100,000 in liquid capital, with an initial investment of $60,000.

There are also franchise options to choose from for investors with lower budgets. With as low as $1,000, you can start a franchise business in commercial cleaning service, courier and local delivery services.

JAN-PRO

JAN-PRO is one of the fastest-growing commercial cleaning services. It has about 10,000 franchises in 8 countries of the world. The cleaning service offers its franchise owners access to its tested business model, brand recognition, training and support. The minimum starting capital to start a JAN-PRO franchise is $1,000. However, fully launching the business may fall between $5,000 and $60,000, depending on the owner.

Coverall

Coverall is a health-based commercial cleaning service, another fast-growing cleaning service. The company is known for its eco-friendly cleaning solutions, as a result, has gotten more healthcare-related cleaning contracts. Since its founding in 1985, Coverall has launched more than 8,000 franchises. The company’s franchise fee is $10,000, which is also the minimum investment to start a Coverall franchise. The health-based cleaning service offers franchise owners comprehensive training in their overall business operations. The package also includes cleaning equipment, customer support solutions, collection software, and access to a regional support center.

Vanguard Cleaning Systems

Vanguard Cleaning Systems is one of the popular and reputable commercial cleaning services in the country. The company focuses mostly on providing cleaning services to commercial offices. Some of their clients include big names like Toyota and Amazon, amongst others. Vanguard Cleaning Systems has quite several franchisees across the country, with a franchise fee of $8,000. The estimated investment to launch a full-time Vanguard Cleaning Systems business may be between $8,000 - $40,000.