By now, it is well-known that franchising is one of the most profitable business opportunities. There are several reasons to go into franchising, especially with the many franchise opportunities in Florida.
Florida and Texas are some of the best states for business owners. Even the young and inexperienced can quickly enter into business by looking for the best franchises to own in Texas. While owning a start-up seems to be the trendy thing nowadays, franchising remains the less risky move.
But even with less risk, the return on investment can be very high.
Benefits of Franchising
Many people have already gotten into franchising due to several reasons. Below are some of the highest benefits of franchising.
Established Brand
More often than not, franchise brands already have an established reputation. A well-established brand with a good reputation is beneficial whether the recognition is on a local, national, or international level.
Since the brand is already well-known, minimal effort is required to gather clients or customers. This is because an established brand usually has loyal customers. These loyal customers or clients are always looking to visit another branch of their favorite brand, which is a considerable advantage to franchise owners.
What’s more, if an established brand has a loyal following, its new franchises can gain traction even before opening. News of a new branch opening goes viral among locals.
Established Workflow
Going hand-in-hand with an established brand name is an established workflow/business system. This aspect is highly beneficial for franchisees with no prior experience handling or running a business.
Typically, companies train their franchisees before the branch opening. This training introduces the franchisee to the business system under which the brand operates. With a business flow already in place, the new franchise owner does not have to invent a workflow or business system from scratch. The business can be up and running in a snap.
Simplicity and ease come with an established workflow. But on top of that, there is also the assurance of efficiency. Given that the brand has already been running under that system, it is sure that the established workflow works.
Management Support
In a franchise, management involvement does not stop with the initial training. Since the franchise carries the brand name, management is usually very supportive of their franchisees. This support means that franchisees may receive opportunities to attend training aiming to improve their ways of working.
Aside from training, management should also be able to offer technical support. So, the company can step in if any complex mishaps arise during franchise operations. Franchisees can then receive help from the proper channels and accredited service providers.
Low Capital Requirement and Low Rate of Failure
One of the reasons why people get discouraged from opening a business is the high capital requirement. Most start-ups would require someone to shell out a large amount of money. However, this is a huge gamble, given the uncertainty of a new business venture’s success.
With franchising, the franchisee can be sure of the success of the business idea. And on top of that, the franchisee also does not need to shell out such a huge sum of money. Franchises usually require lower capital than new business. Moreover, banks are more likely to provide loans for franchises than new business ventures.
Given these, it’s good to take advantage of the best franchise opportunities in florida.
High Buying Power
As the franchise is carrying the brand name under a larger company, its power over suppliers is higher. The company usually backs up the franchise to better negotiate with suppliers and vendors.
A high buying power allows the franchise owner to purchase suppliers at a cheaper rate. This buying power drives the cost lower and makes the business even more profitable.
Why Franchise in Florida?
In particular, Florida is one of the best states to open a franchise in the United States. Below are some of the reasons for this.
Ease of Doing Business
Florida is one of the best states to do business in America. There are several reasons for this. For one, the state’s tax policies are very supportive of businesses. For another, capital isn’t that hard to access in Florida.
Florida is known as one of the states with the lowest tax burden. This state does not impose a personal income tax. Business tax is also generally low, eliminating some of the taxes imposed in other states.
When it comes to capital, Florida has quite a large number of banks. But more than that, they also have a large number of investors. These investors are always looking to support new business ventures that may include profitable franchises.
On top of these two, infrastructure in Florida also allows for ease of transportation of goods. Its international airports, highways, and shipping ports allow for ease of entry and exit of products. Therefore, products can be accessed not only locally but even outside the city or even the state and country!
Competitive Workforce
The labor force is one of the most critical components of a business. As such, it is necessary to find a strong pool of talents who can keep the business up and running. In this area, Florida does not lack at all.
The labor population in Florida is one of the most talented labor population in the US. Statistics can back this up by showing a low unemployment rate. This rate is mostly thanks to the competitive educational institutions within the state.
Number Franchising Options
As a bustling state, there are a lot of franchise opportunities in Florida. The hardest part when deciding to become a franchise owner might be deciding on which brand to franchise. However, this might also be the best part as most brands available in Florida are already well-established and highly profitable. With this, it is doubtful for anyone to fail by choosing one brand over the other.
But with the number of options available, anyone is bound to find a brand fitting their personality.
Franchise Opportunities in Florida
Owning a franchise is a good investment that can help you make more money. However, note that not every business is safe for you to franchise. When choosing a company, you should examine every part of its agreements.
As franchise opportunities multiply in many places, familiarising yourself with the options is best before choosing a business. If you plan to do business in Florida, you might want to know the best franchise opportunities in florida.
Special Strong
Special Strong is a fitness center that focuses on physical fitness and improves the mental health of individuals. It started in 2016 with the vision of providing individuals of all ages to access and experience wellness.
It is one of the best franchise opportunities in florida that you should consider. This business can help you create an impact and life-changing experience for the customers. Special Strong is a low-cost franchise wherein you don’t need to worry about having a gym. A low-cost franchise is a good sign because it gives you more space for financial growth.
The existing Special Strong franchises bear competitive earnings, meaning their revenues are in good status. Once you franchise it, the company will give you a turnkey blueprint called the business model you’ll use. You no longer have to create business models and detailed plans because they will provide them to you.
Aside from the availability of the business model, you will also undergo full training and support. They will provide you with the knowledge and skills that you need in running the business. Special Strong still strives to grow the business by expanding in different areas in the United States.
As they seek to make fitness available and inclusive to everybody, they plan to expand in Texas. To know more about their business, you can visit their website and request more information regarding their franchise.
Your CBD Store
Your CBD Store also offers affordable franchise opportunities in Florida. They produce natural, hemp-derived products that contain cannabinoids. Their products are herbal supplements that aim to improve the overall health of individuals.
Your CBD Store also has tinctures for pets. The remedies can help your pets become calm and manage their stress better. However, it’s best to consult a veterinarian first before giving tinctures to your pets.
The business already bloomed in the United States since they have more than 500 stores in 41 states. If you wish to join the company, you will benefit from education, experience, partnerships, and its products.
If you wish to know more about the company and how you can franchise, you can check this website.
Cruise Planners
Cruise Planners was founded in 1994 while they started franchising in 1999. For over 20 years of franchising, they have now an estimated 3,115 units in the United States. Their headquarters is located in Coral Springs, Florida. It is one of the best franchise opportunities in Florida.
The estimated total cost for this franchise is $2,500. The Initial Franchising Fee is $695 while their royalty fee is 1% to 3% of gross commission from travel suppliers. The total cost includes the following:
- Office Equipment, Furniture, and Fixtures
- Start-Up Marketing
- Professional Fees
- Initial Training Program Expenses
- Licenses and Permits
- Miscellaneous Opening Costs
What to expect?
Training
- They always must promote and continuously market the services offered by the Cruise Planners.
- If an individual has a partner, the franchisees and Cruise Planners shall come up with an agreement. Their contract shall be only limited to the names of the partners or businesses indicated.
- Those who decide to franchise Cruise Planners shall always follow their policies and standards. These are laid during the training.
Length of Franchise and Renewal of Franchise
The initial length of the franchise is up to three years only. Franchisees may renew their franchise for an additional three years as long as they meet the requirements.
Commercial Capital Training Group
Another option of the franchise opportunities in Florida is the Commercial Capital Training Group. The business grew during the pandemic as small businesses continue to emerge. The training group grants funding or loans to small businesses that couldn’t borrow from the bank.
It’s an affordable franchise, and the company will also provide you training on handling finance. Aside from offering loans to businesses, you can also assist businesses and investors. To those who failed to loan from the bank, you can give them alternative solutions that will enable them to gain money for their business.
By franchising the Commercial Capital Training Group, you will be allowed to grant around 50 types of commercial loans. You will earn by getting 1% to 15% of the total amount of the loan. However, the percentage of earnings will depend on the type and size of the transaction.
Aside from the percentage earnings, you can also earn from commissions. Every time you close a deal in a month, you will receive rewards from the company. If you can close big deals or multiple small deals, then the commission will be higher.
If you want to know more about the franchise of the Commercial Capital Training Group, you can check this website.
Sylvan Learning Franchise
Similar to Special Strong, Sylvan Learning just started recently in 2017. The business offers affordable franchise opportunities in Florida to make supplemental education more accessible to people.
The company will also give you Sylvan’s business model. Their business model is unique because they considered the context of local owners that may franchise. They created systems and standard operating procedures, along with the tools and resources needed.
The company now has Sylvan University, an online platform where you can find lessons and training. By completing and finishing courses, you can gain certifications as a teacher and director. One of the courses offered is Sylvan 101, where people who plan to franchise can learn more about the business.
The difference between Sylvan Learning and other similar businesses is that they give an all-in flat royalty rate of 16%. It means that owners or franchisers can save money from various fees while allowing them to become competitive. By doing so, maintaining good performance, in the long run, will be easier for both the company and the local owners.
You can check out their website if you want to know more about Sylvan franchise opportunities.
California Tortilla
California Tortilla is a Mexican Re-imagined restaurant that creates mouth-watering and crave-inducing California Style Mexican foods for their customers. They strive to provide an “I can’t wait to come back” experience. If you are looking for franchise opportunities in Florida that stick with their purpose and mission, California Tortilla is what you are looking for.
This unique Mexican restaurant franchise focuses on providing quality products to its customers. They ensure that from their supply chain and production until the product’s delivery is the finest in this food industry. The ingredients used in California Tortilla are sourced from local farms, and they only use premium raw materials for their cuisines. Moreover, their salsa, queso, sauces, and guacamole are freshly-made. Their menu is Chef-inspired and caters to the demands of the customers promptly.
With that said, they are dedicated to creating a good experience for their consumers, which is a sign that you should invest in this type of business. Their Mexican food franchise business model emphasizes offering premium quality products and excellent customer service. Their financial success can be proof that their business is promising.
Plus, California Tortilla was founded in 1995, which means they have been in the industry for an extended period. They also currently have 42 franchise units. If you want to franchise California Tortilla, the initial investment requirement is $378,400 with a 5% royalty fee.
PuroClean
PuroClean goes way back to 1990, and their business started franchising a year later. Their headquarters is located in Tamarac, Florida. Their company offers various cleaning services for residential houses and commercial spaces. All of this, while being one of the affordable franchise opportunities in Florida.
The estimated total cost for this franchise is $83,805. The Initial Franchising Fee is $55,000 while their royalty fee ranges from 3% to 10% of their cumulative gross receipts. The total cost includes the following:
- Vehicle
- Vehicle
- Equipment and Supplies Package
- Computer System
- Insurance Premium
- Office Supplies
- Utility Deposits and Fees
- Internet Connection
- Uniform costs
- Training
- Laser Printer
- Insurance Industry Claims Estimating Software
- Camera
What to expect?
Training
- The training program required shall be conducted for three (3) weeks. It includes water and fire damage, mold and biohazard remediation, and carpet and upholstery cleaning. This is done at the location of the franchise.
- PuroClean also has online learning programs to help the franchisees succeed in their business. Their extensive training includes technical, sales, marketing, operations, financial, and other business aspects.
- The franchise provides PuroClean Academy where training programs and technical learning are conducted. They conduct this through a physical setting or virtually.
Responsibilities and Limitations
- If an individual, the franchisee shall supervise and oversee the daily activities of the business at least 8 hours a day. A total of 40 hours a week. They shall also promote and advertise the business.
- The franchisee, if partners or a business, shall have one of them directly supervise and oversee the daily activities of the business at least 8 hours a day. A total of 40 hours a week. They shall also promote and advertise the business.
- A franchisee with more than one franchise shall assign a manager for the operations of the second franchise.
- The location of the franchise shall only be used for selling Oxi Fresh services and products. It is not allowed to sell other products at the said location without Oxi Fresh’s permission.
Length of Franchise and Renewal of Franchise
The initial length of the franchise is up to twenty (20) years only. Franchisees may renew their franchise for an additional 20 years as long as they meet the requirements.
Pet Supplies Plus
Pet Supplies Plus is a business that offers retail pet supplies to support animal parents with their pet’s needs. Moreover, they are providing services, such as washing and grooming your pets. They also create an event for adoption that helps animals to have their new homes. Pet Supplies Fast also has an online ordering service delivered within the day or the following day.
If you have been looking for a business that earns a profit, and at the same time, you can enjoy the company’s nature, this is it! This business is for someone who also loves to see and take care of animals. More than that, Pet Supplies Fast supports your franchise from marketing to merchandising. In doing business, they ensure that you are not alone, and they will guide you all the way.
Creating a business from scratch is quite challenging for new entrepreneurs, but through Pet Supplies Plus’s guidance, you can kickstart your business. You don’t need to worry about the advertisement because they will also help you with that. You get to do what you love and earn money through this business.
This company was founded in 1987 and started doing the franchise business in 1990. They have over 240 franchise units in the industry and provide training to keep your future store ahead of the competition. In addition to that, they have been featured in Entrepreneur magazine as a top pet franchise. To start the pet franchise business, you need to invest at least $440,600.00 with a 2 to 3% royalty fee.
Elements Massage
Their business revolves around building a relationship with their clients by giving a high-quality massage service. Their self-care routine is the primary reason why their customer comes back regularly. They have been in the business for a long time, ensures that owning a franchise is secured.
The Elements Massage has a proven record of financial success. For the past decades, they have had a growing sale and an endless number of franchise units. Moreover, they do not offer other services that give them the integrity and focus of providing the most effective massage industry. Their company also taps different client types, such as Millenials. Mostly, people are now seeing the importance of self-care and massage, which makes them relaxed. More people are now into this type of service, wherein they can break from all the stress.
Their business also provides the franchisees with training and support to guide them in handling their business. They also offer webinars, video communication, and newsletters to support the new business owners continuously. They are more than a massage business, but they also give people opportunities to start a business and be financially independent.
This business began in 2000, while their franchise started in 2006. With that period, Elements Massage has franchise units with over 243. This is one of the best franchises to own in Texas because of its low initial investment, which costs around $225,350. On the other hand, the royalty fee is 6%.
Pinch a Penny
Pinch a Penny is known as America’s largest franchised retail supply of pool and service enterprise. They aim to be unrivaled in the industry by offering quality, value, and service to their clients. That is the main reason why they are continually growing in numbers. They ensure that they are one of the experts in their business. Their customer can totally count on their quality pool and spa.
This enterprise also made sure that all their staff is trained and knowledgeable about their products and services. They have more Certified Pool Operators compared to other companies. The clients can entrust that their pool care routine is done correctly. If you want to be part of the largest franchised pool retail in America, this is the business that you are looking for.
In owning Pinch a Penny, you don’t need to have a background with pool chemicals or maintenance. What Pinch a Penny looks for in franchisees is the determination and the desire to deliver quality products and services to the community. They also provide training to the franchisees, so they grasp what the business is all about.
To own Pinch a Penny, you need to have an initial investment of $289,375 to $411,200. This payment covers the expenses, including the property, vehicles, supplies, products, legal costs, and insurance. Even the training is included in the initial investment. In addition to those expenses, there will be an ongoing feel which is 4% for the advertising fee and 6% for the royalty fee.
Oxi Fresh
Oxi Fresh is famous for carpet cleaning and upholstery. They also do other cleaning services such as hardwood floor cleaning services and ancillary services. Their headquarters is located in Lakewood, Colorado but they are well known in Florida.
They started their business and franchising at the same time in 2006. Today, they have almost 400 franchises across North America. Making them one of the best franchises to own in Florida.
The estimated total cost for this franchise is $45,565 and $7,550 for startups. The Initial Franchising Fee is $39,900 while their royalty fee costs $1,185 for the first 3 months. The total cost includes the following:
- Initial Training Expenses
- Legal and Accounting Fees
- Insurance Deposit
- Office Equipment and Supplies
- Uniform Costs
- Advertising
- Job Fee
- Working Capital
What to expect?
Training
- A free initial training program shall be attended by a franchisee or an Operations Manager and an employee if they’re a business.
- Franchisees shall attend additional training such as advanced training programs and commercial/pull system training programs costing $700. These training programs are conducted for two days at the headquarters. This is to ensure that franchisees are aligned with the franchise’s mission.
- Franchisees, individual, and operations managers, shall attend at least two (2) seminars, training programs, or conventions. These events may be conducted locally or internationally.
Responsibilities and Limitations
- Franchisees have the option to be directly involved with their franchise or not. However, if they choose not to be involved in the daily operation, they must assign an Operations Manager. The Operations Manager shall oversee day-to-day operations.
- The Franchise Agreement shall always be enforced and complied with. This includes their policies, procedures, and specifications in the License methods. The obligations that a franchisee shall do are included in the agreement.
- The location of the franchise shall only be used for selling Oxi Fresh services and products. It is not allowed to sell other products at the said location without Oxi Fresh’s permission.
Length of Franchise and Renewal of Franchise
The initial length of the franchise is up to seven (7) years only. Franchisees may renew their franchise for an additional seven years as long as they meet the requirements.
Best Cities to Start Franchising in Florida
Next to Texas, Chief Executive Magazine names Florida as the 2nd best state for business in 2020.
The Sunshine State is home to over 2.5 million small businesses thanks to its favorable tax climate, strong labor market and an overall great business environment.
If you’re planning of putting up your franchise business in Florida, here are the Top 10 cities for you to do so:
1. Jacksonville, FL
Firs on our list is Jacksonville. Of all the cities in Florida, Jacksonville has the highest population to date. When it comes to opening up a startup or a franchise business, Jacksonville has a lot of perks including accessible financing, employee availability, low tax rates and a strong record of success for new businesses.
2. Orlando, FL
INC ranked Orlando as No. 9 on its list of Surge Cities – a term they used to define cities in the U.S. with the “most economic momentum for startups.”
The city’s leading industry is tourism which ensures a steady stream of consumers all year round. The combined charm of Disney World, Universal Studios and other tourist destinations make Orlando a perfect blend of work-life balance.
3. Miami, FL
Known as the “Magic City,” Miami is more popular for its beaches. But unknown to some, it’s also one of the best cities in Florida where you can start your franchise business.
Almost similar to Texas, Miami has one of the strongest economies in Florida. The fact that it has beautiful beaches attract plenty of people from neighboring cities which contributes to its strong economy.
4. Tampa, FL
If you’re looking for a city in Florida with great business costs and space affordability, then Tampa is the place for you.
In 2018, Tampa’s high-growth companies were higher compared to New York City thanks to its stable and business-friendly environment.
In 2020, Tampa has garnered several awards for being the best state for new small businesses with its low labor costs, favorable tax policies for corporations and light regulations. It’s also a known fact that the city is home to top corporations like Jabil, SYKES, WellCare Health Plans, and Tech Data to name a few.
5. Maitland, FL
Maitland is mostly popular with its average revenue of at least $4.5 million per business. The number speaks that businesses in this city do more than the average. The city is also home to the National Entrepreneur Center which is ideal if you’re just starting with your business. With that, you can have access to one-on-one coaching, business loans and even entrepreneurship seminars – all for FREE.
6. Doral, FL
Just 15 miles away from Miami, Doral’s entertainment, tourism and commerce fuels its economy. It’s not as big as Miami, but it definitely benefits from all the perks of the big city. Plus, there’s the fact that like Maitland, Doral offers assistance to new businesses with their Chamber of Commerce. Doral also houses a few Fortune 500 companies like The Miami Herald, Carnival Cruise Lines and Univision to name a few.
7. Coral Gables, FL
A stone throw away from Miami, Coral Gables has the highest median income of about $69,375 a year. This ensures that local businesses stay for long in Coral Gables – even the upscale ones! The city also benefits from the influx of tourists and customers from the city of Miami.
8. Fort Lauderdale, FL
Dubbed as South Florida’s “Internet Coast,” Fort Lauderdale is now known as the one of the fastest growing markets for global trade.
The city is still known for its strong economy thanks to tourism. As a place to start a business, Fort Lauderdale is much quieter and less congested compared to bigger cities like Miami.
9. Naples, FL
Naples with its 22,000+ population stands as one of the best places in Florida to start a business. NerdWallet notes that for every 100 people there are 5o businesses that are open in the city. The city also opened their own business center, the Naples Accelerator, which helps startups and small businesses to break out and make a success of their chosen market.
10. Lake Mary, FL
Lake Mary is home to technology companies like SunGard, Fiserv Inc, and FARO. The city is also the headquarters of the Florida High Tech Corridor Council which offers technical assistance to entrepreneurs. But more than that, the city’s family-oriented setup makes it a great place for startup franchises like Special Strong.
Franchise Now!
Business success is always uncertain because there are some risks that we aren’t aware of. The good thing about business is that you can either start from scratch or continue others’ business. Both can generate revenue, but it may take some time before you can reap the rewards.
If you want to have a business but don’t want to start from scratch, investing in a franchise is highly recommended. Franchising a business means that you will no longer worry about the business model and operating procedures. You’ll also receive guidance and support from the main company itself so you can maximize the opportunity.
However, this doesn’t mean that you no longer have to work on something. Managing your team and living up to its vision and mission is also part of your job. With that being said, we recommend you to choose a business that fits your interest and passion. It will help you thrive the business and create a positive impact in your community.