Low-cost entry is making it attractive for people to take on a mobile franchise, effectively buying a wage and job security.
A mobile coffee van business costs as little as $50,000 to purchase with the potential of making as much as $150,000 in revenue a year.”
Mobile dog washing, accounting, beauty, car servicing and cleaning, computer services as well as food delivery are available more than ever from $6,000 and there’s even a franchise that has drones providing aerial photography and video surveillance services.
People don’t realise 50% of jobs today won’t exist in ten years and they may want to buy their own business to safeguard them from being affected.
There is more awareness about the benefits of buying a franchise, particularly as the threat of redundancy lingers in some industries.
People are also chasing flexibility and a desire to be their own boss, which is driving a surge in the popularity of mobile franchises.
Existing franchisors are even extending their current business to allow for mobility and tap into the demand from consumers to access services from home.
Fast food giants McDonalds are piloting door-to-door delivery. And Red Rooster have already launched this.
There are 79,000 franchises in Australia, an increase of nearly 10% two years prior and I expect that number to continue climbing.
Nearly half a million Australians are employed directly in franchising and the annual sales turnover for the country’s entire franchising sector is estimated at $144 billion.
We believe mobile franchises are a viable employment option as long as you do your research:
Don’t be sold on the story alone about the business providing flexibility and a good income. Get advice, check the financials and hire a franchise lawyer to be safe.
Speak to other franchisees to gain an insight into the business culture within that franchise to ensure it’s a good fit for you.
Know what you want out of a franchise first and foremost. This is so that when you look to buy one, you are searching based on your criteria.
Skills and personality fit
Running a business is different from working for someone. Consider your personality, identify your strengths and consider the gaps. Be prepared and open to grow and learn.
The franchise industry is regulated which means there are safeguards in place for franchisees. Franchise businesses include systems, training and support making it a less risky option than purchasing other businesses, or starting your own.
Tracy Eaton, Co-Founder, Remarkable Franchises