It doesn't always take a storefront to run a franchise. There are plenty of options for franchisees who are looking to start their own venture without the cost, time and hassle of opening a physical location
A major reason many people are interesting in franchising is because they want a total change in lifestyle. For those entrepreneurs for whom flexibility, control over their working hours, and quality of life is important, a home-based franchise can be a very attractive option.
What is a home-based franchise?
A home-based franchise is one that doesn’t require a brick-and-mortar location, and can be run from the comfort of your own home. Home-based franchises are available in many different industries, including travel services, tutoring, in-home care, cleaning, business services, and home services.
In addition, some franchise concepts offer home-based entry options with the opportunity to open a retail storefront later on.
What are the benefits?
If you value flexibility and family time, a home-based franchise might be for you. Think about the time you could save without a daily commute! Plus, a home-based franchise allows you the freedom to schedule your days around children, family members or other obligations. Added bonus: No one will know if you’re wearing pajamas.
What do I need to start one?
Home-based franchises tend to be on the lower-cost end, because no capital is necessary to obtain retail space or pay for the overhead a physical location requires. Every franchise requires different amounts of capital to get going, but there’s likely a home-based franchise in your price range. You can check out our page on low-cost franchises (link) as well.
Will I be the only one?
No way! You’ll be part of a growing trend—one in five Americans work at home, and that figure is expected to rise 63 percent over the next five years.
Do you think I’ll enjoy it?
Imagine waking up when you want and strolling into the “office” in your robe and slippers. Sounds great, right? Turns out 54 percent of employees who work at home full-time are happier than they were in their prior job, compared to only 27 percent of office workers.
Is this a viable concept? Won’t I end up slacking off?
You can succeed at anything you put your mind to, and just because you’ll be doing it from your favorite armchair doesn't mean it won’t get done. Seventy percent of home-based businesses survive at least three years, compared to just 29 percent of non-home based ventures.