Monday, July 13, 2009

Franchising - Passive Opportunities?

Many of the candidate to assist me as a franchise consultant is looking for a complete overhaul of their professional careers. Some hate their jobs, while others feel they are not paid on the same level of their performance or their respect for the company. Or perhaps they are not only living their passion.

For example, an individual I worked at a high level engineer in an electronic company. In his case, the pay is great, but he came to point where his work is too much like "work". He does not live with his true passion, which is fitness. He eventually purchased a Personal Training and Fitness franchise.

On the other hand, others are completely satisfied with their careers, but are looking for an investment vehicle or an opportunity that allows for passive ownership. In essence, they desire the ability to be an Absentee owner. Many very good passive franchise businesses available in various categories. This is only a few:

Hairstyling. No worry, no hair care or Styling experience is required. The manager handles the daily operations. This category is perfect for those investors interested in creating a business, not buying a job, through the development of multiple locations. The $ 55 billion industry is the same recession resistant and technology through built in demand: although the economy, people still need a hair care. Being passive owner also allows for more free time to spend with family or on hobbies. If you have strong leadership and people skills and a business background, you may want to look further into this opportunity.

Tanning. A great service for simple business, ideal for any sales and marketing savvy entrepreneur. All you really need is a good manager and several part-time employees. According to Health and Fitness Magazine, more than 1 million people visit tanning Salon Daily. Consumers often choose cheap indulgences while sturdy economic times is doing a great recession resistant franchise. In general, tanning is dominated by independent operations, and this market is underdeveloped in severe upside growth potential. Also, the tube side is great!

Smoothie or Coffee. These are happy, smaller businesses usually operated from a fixed retail location or a mobile unit or a combination of both. A simple business with minimal risk, they require a manager and several part time employees, and a very short ramp up time to profit. They feature low inventory requirements and lower the top to work. This is a great cash-only business, with a large average margins on sales. Another benefit is the time commitment. It is completely flexible. You can choose to work part time or full time to manage it yourself, or choose to be passive and "manage the manager". The coffee and smoothie industry is huge, making $ 8 billion and $ 2 billion per year in sales respectively.

If you enjoy your career, but looking at franchising as a passive investment, you can find sound opportunities in your disposal. Your franchise consultant can help you identify which business model is best for you and your situation.

Find Your Perfect Business

Cory barber is a professional franchise consultant affiliated with the world's top franchise Broker network. His free, confidential services to help guide you through the entire process of buying a franchise based on your background, skillset, lifestyle and financial goals. For more information about his free franchise Consulting Services, please visit: http://www.thefranchisingauthority.com or contact him in his office: 877-271-4305.

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