Franchise Basics. 5 Basic Types Of Franchises

There are well over 3,000 different choices in the world of franchise ownership. Where does one even begin???

A good place to start is learning about the 5 basic categories in franchising today. There are certainly subcategories galore, and some evolving franchise models, but this is a good start.

1. Food service

Food service tends to be on the expensive side, and the work is 12-15 hours a day, 7 days a week. If you are looking for a better quality of life, this may not be for you. Investment range- $150,000-1,000,000 and up.

2. Retail

Specialty retail can be a great choice for those who do not like to sell. With retail, your customers come into to your store to see you. You do not have to find them by calling on them in their homes or businesses. Some retail is more flexible, hours wise. Investment range- $125,000-500,000 and up.

3. Personal Services

The service sector is huge. Target customers include time starved consumers, and the booming senior market.

Lawn care services, residential cleaning services, and home health care are just a few of the types of franchises available. Investment range- $75,000-250,000 and up.

4. Business to Business

Products and services focused on serving the business community such as, printing, security, marketing/advertising, and commercial cleaning are just a few of the franchise types available. This category requires strong sales and networking abilities. One of the major attractions to this sector: Monday thru Friday hours.

5. Children’s Services

This growing sector is for those who would like to make a difference.
Learning Centers, Sports Centers, Day Care Facilities, and Arts and Crafts Centers are just a few of the children’s related franchise concepts out there. Most do require a storefront, so figure around $175k or so, for the total investment.