Best Low Cost Franchise Opportunities of 2015

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Finding the best low cost franchise opportunities is what every hopeful business owner tends to look for. We have created a list of the best low cost franchise opportunities of 2015 along with a little information about these companies.

 

Jazzercise

This is a dance studio franchise that offers dance classes, conventions and even sells costumes. There is a lot of money in dance- as any dance mom knows. This is a labor intensive job and depending on your market, there may many other dance studios and even big name dance teachers you will have to compete with.

 

Cruise Planners

Do you love traveling and helping people create the perfect getaway? If so, then this could be one of the best low cost franchise opportunities. These businesses tend to have lower overhead, though the most successful will invest heavily in advertising because there are many travel sites that help people to get the vacation they want at a low cost. It can be hard to compete with travelocity and other similar sites. This is why it is best suited for though with a travel agency and marketing background.

 

H&R Block

One of the things many people look for with low cost franchise opportunities is how well known they are. There is no denying that H&R Block is one of the best known tax services. It can be a lucrative opportunity, but the problem with this business is that it is only seasonal. There are some locations that are open year round but not many because there simply isn’t the business to warrant it from mid April through December. Also, it will require you to either hire several tax people or learn how to do taxes yourself.

 

Jan-Pro Franchising International, Inc.

Jan-Pro is a company that has been in busy for more than 20 years and has the numbers to back up their success. This is why most analysts rank Jan-Pro among the top low cost franchise opportunities. While this can be a great business for many people, keep in mind that it will require you to clean commercial buildings, which is something many people hate.

 

Splash and Dash for Dogs

Splash and Dash has taken the market on low cost franchise opportunities. They offer a pet grooming and salon with a retail boutique. What makes this stand apart from the plethora of other pet franchise is that they offer a recurring revenue model with their membership program. This increases foot traffic in the store and boosts revenue as well.

Here’s What You Need to Know About Recession Proof Pet Franchises

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If you want to become your own boss and are looking at pet franchises, there are many aspects that you will want to think about. Many pet franchises talk about how the industry is recession proof- but what does this mean? Here’s what you need to know.

 

The Numbers from the Recession

The recession that lasted from 2008 into 2010 (or 2011 depending on where you live) was devastating for people as well as for businesses. Almost every industry saw catastrophic losses that year due to the crash of the economy and the plunging unemployment rate. However, this is not what the pet industry looked like. In fact, the industry saw an increase in revenue during this economic downturn. In fact, from 2008 to 2011, the pet industry increased its yearly revenue from $43 billion to $53 billion. These numbers may sound impressive, but this is not where the growth for the pet industry stopped. Pet spending has continued to grow every year and is projected to continue for the foreseeable future.

 

Why is the Pet Industry Recession Proof

There are a few reasons why pet franchises are recession proof. One of the reasons is that more and more people are owning pets than ever before. As more people own pets, the spending for the industry goes up. However, it goes deeper than this. Studies have found that most people are more willing to forego buying things for themselves in order to give their pets the necessities and luxuries they deserve. People have also become much more wellness minded, not only for themselves but also with their pets. People want to give their pets the best they can to ensure that they live long, happy lives. When you add in all these components it is easy to see where the

 

What Does this Mean for Pet Franchises

Once you understand the way the pet industry is unaffected by the market crash, it is important to understand what this means to individual pet franchises. While this may currently be a $73 billion industry, it does not mean that this is what your business will make in a year. Rather, you can expect that when you choose the right franchise and have the proper marketing plan in place that you will be successful. There are many aspects that go into determining how much the pet franchises can make.