3 Affordable Franchise Ideas Anyone Can Get Into
The era of the self-made man and woman has begun. Almost everyone wants to have something to call their own, and watch it grow and become a thriving business. Franchises are a great way to do this; most franchise companies help you start up your own branch, end-to-end. And if you thought it would cost you a pretty penny, think again! There are companies that charge anywhere between P15,000 to P50,000 to start your franchise, and that includes the fixed assets like the stall and hardware to employee’s uniform. So here are a couple of franchise industries you can get into within that range!
1. Food-cart franchise
Food cart franchises are a no-brainer. Food is something that is a staple to people; every now and then, people get different cravings so you’re sure to have a market at any point – whether you’re serving siomai, hot dogs, french fries, or ice cream. That’s why it is a great idea to open a franchise for food. The most difficult aspect of this is really finding a good place to set up shop. After that, it’s just management and some marketing of your stall and you’re good.
Check out Filtrepreneur, one of the leading companies in the franchise business for food. Franchising from a known company is a great way to ensure your business’ viability as well as confidence in the fact that it will work out.
2. Coffee Stands
Coffee is such a staple in many Filipinos’ lives; a great majority start their day with it, and most of them get their second cup sometime in the middle of the day. That’s why it’s a great idea to franchise a coffee stand. Most people buy their coffee from large brand-named chains, but there is definite a market for a small, kiosk-like grab-and-go coffee that is not instant. Quality coffee is starting to pick up in the Philippines. To get a franchise up, approach local coffee bean suppliers and they will be more than happy to help you build your brand (since there’s not much coffee stand companies out there) alongside theirs.
An ideal place to set this up is in a business district or building, or near BPO offices. As long as you have a steady stream of customers (and with coffee, you always will), your business is sure to thrive and succeed.
3. Water Refilling Stations
If there’s anything that all humans need is drinkable water. Having a water refilling and filtering station is something that will definitely bring money in the bank. The big investment that comes in this business is the filter system; other than that, if you have a stable source of water and customers, you’re sure to be able to have a business franchise that’s up and running in no time. While you can eye for larger companies like Agua Vida, these franchises are usually costly due to the brand. Just look for smaller, localized brands that you can expand, and it will do the same thing at a fraction of the price. This is a perfect example of managing resources, seeing which will cost less without sacrificing your end product – in this case, having a quality water refilling station.
If you think you don’t have the capital to start that franchise, try getting a quick and easy loan from PawnHero. It’s as simple as finding something of value and getting a free and fair appraisal value for it. Just download the PawnHero app or visit the PawnHero Website.