Unsure of Starting a Business? Buy a Franchise Instead

April 15, 2022

If you’re thinking of starting a business but you aren’t sure what kind of business to start, or where to start, the best solution might be buying a franchise!

Getting financing to buy a franchise gets easier

You’ll need to put down a portion of your own money when buying a franchise, but you might be able to borrow the rest. Getting a small business loan is typically difficult for a startup company; however, franchises are an exception. Because franchisees are buying into a proven system, lenders are more likely to feel certain that their companies will succeed and be able to pay back the loan.

The most popular franchise industries

What are the most common types of companies that franchisees start? Franchise trends generally follow industry trends. Here are the top five franchise industries:

  1. Health/beauty/fitness franchises
  2. Food and restaurant franchises
  3. Business services franchises
  4. General retail franchises
  5. Home and moving services

Franchisees’ biggest challenges

Although owning a franchise eliminates several of the problems of a start-up business, it isn’t always simple. Some franchise business owners have difficulties in attracting and retaining qualified employees these days, while others struggle with marketing and advertising.

If you want to learn more about what goes into owning a franchise, give UNITS® Moving & Portable Storage a call today! We can help you fulfill your dreams of becoming a business owner with our moving and storage franchise opportunities across the country. Start your evaluation today and join the UNITS® family!

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