Pandemic or not, opening up a business as a form of investment is always a good thing.
But between franchise opportunities in North Carolina or deciding whether to put up a new business altogether, you may want to know the few advantages that franchising has to offer.
Here we go.
Franchising requires low capital investment.
It’s pretty obvious that starting a new business can be expensive. Aside from all the expenses involved in the operation of doing your business of choice, you have to take into consideration the cost of buying or renting a commercial space. You also need to pay for licenses and other documents needed to make your business legal and licensed.
With franchising, most of the paperwork is already done for you. All you have to do is pay the franchise fee and get started with your business after a week or three of training.
What sets franchising apart the best is you get to start a business even with minimum capital. You don’t have to break the bank. In fact, banks are more than happy to give you a business loan especially if you propose for a franchise business that is already established – think along the lines of McDonald and other similar franchise brand.
Franchise businesses are already established.
Another good thing with a franchise business is that it becomes a franchise simply because it’s already well-known in other places.
This only means that you no longer have to worry about advertising your business. Of course, you’re not buying into an all-new business altogether. When people know a certain brand, they’re bound to trust it. That’s how just consumer psychology works. People tend to get services or products from businesses which are already established since they equate it with trust and quality.
So if you get a franchise business that is already well-known like Special Strong, you don’t have to worry about telling people about your new business. You’d probably end up telling people that you’re new on the block, but word of mouth comes in pretty fast and before long, you’d have a stream of customers ready for you.
You get a proven business method.
What makes franchise businesses successful? A proven business method.
One of the great advantages of franchise opportunities in North Carolina is that aside from not worrying about advertising, you also don’t have to worry about your business method.
One of the most common question among business owners and entrepreneurs is this:
“How do I run my business?”
Running a business is one thing. Running it so that it becomes successful is another thing. But what makes franchises a good choice is that you get the benefit of proven business model or method to ensure the success of your business.
You might need to train for it, but when you have a proven system in place, all you have to do is follow it and get the same results.
So while it’s true that about 20 percent of small businesses in the U.S. fail within the first year, franchises have a success rate of about 90 percent – which is really a lot encouraging than just the 15 percent for businesses that started from the ground up.
Franchises offer better business support.
Starting your own business can be exhausting. But more than that, it can be a lonely endeavor, too.
The good news? That’s not the case with a franchise business. Yes, you get to start a business that allows you to be independent. At the same time, you get a support system from the parent company to ensure that your business will get off the ground even when you have little to no idea on how to get your business running.
But that’s not entirely true. Aside from trainings and seminars to help you out with learning the ropes of the business, a franchise business will check in on you from time to time to see how you’re doing with your business. If that’s not the case, they will offer you help to reach out to them in case you find a difficulty with running your business. You won’t have that kind of leverage if you’ll just open up a business on your own.
Franchise opportunities offer more profitability.
One of the best things about franchises is that you get to franchise a brand that is already known and established. Think along the lines of McDonalds. Or Dunkin’ Donuts. Or maybe Starbucks. Yes, these companies can be considered giants in franchise lands. But if a company is able to offer a franchise, then it only means that it’s stable and established enough to branch out.
This offers more profitability for business owners, especially for first-timers since it’s hard enough to ensure business success even on the first year. According to Investopedia, businesses fail on the first year because of these four things:
- Financing or budget problems
- Inadequate or poor management
- Ineffective business planning or strategy
- Marketing mishaps
Knowing all these, franchising looks a really good option for a business since it only requires a low capital investment, offers better business support with a proven business method INCLUDING marketing techniques that really work.
All in all, it makes franchising the best option for entrepreneurs who wants to make a success of owning their first business with the least risk involved.
Top Franchise Opportunities in North Carolina in 2022
Now that you know the many benefits of franchising, you might be thinking of franchise opportunities in North Carolina that you can start in 2022.
Don’t worry, we got your back. Here are a few ideas to help you get started.
Do you want to be part of a franchise that makes a difference? Do you want to create an impact and at the same time help people? Are you into fitness? Then we’ve got the perfect franchise option for you!
Special Strong provides adaptive and inclusive fitness to the special populations including people with behavioral, cognitive and physical challenges.
As a leader in the adaptive and inclusive fitness industry, the Special Strong franchise will enable you to become part of one of the best opportunities to try in North Carolina where you can train children, young adults and adults with all kinds of physical and mental challenges.
As a franchise, Special Strong offers a low-cost option without requiring a brick-and-mortar gym which can be expensive. They also offer healthy profit margins and a turnkey blueprint business model complete with full training and support to ensure your success in the business.
You can learn more about the Special Strong franchise here and see for yourself if you’d be a good fit to join their family.
Into gym franchises? Check out this post.
Who doesn’t know or love Kona Ice, right?
The shaved ice truck is a popular franchise all across the United States with over 1200 franchisees. You won’t get that much franchisees over the years if it’s not a business guaranteed for success.
But Kona Ice is more than just a fluffy and delicious shaved ice.
With this franchise, you get a state-of-the-art mobile truck that offers one of the best – if not the best – shaved ice, this time in North Carolina.
It’s a healthy snack and a popular brand and you get the benefit of having a corporate team that will help you 24/7 with everything you’d need to run your business successfully.
Not only is Kona a delicious brand, it also gives back part of its profits to local communities. That’s pretty cool for a franchise opportunity.
Want to know more? Check out the Kona Ice franchise opportunity here.
Jan-Pro Cleaning & Disinfecting
In a time where cleaning and disinfecting things are a must, Jan-Pro Cleaning & Disinfecting is one of the leading franchises for commercial cleaning in the U.S. and they’re very much open for a franchise in North Carolina.
With a stellar brand reputation, Jan-Pro will help you realize your dream of owning your own business and still be flexible with your time. The best part? You don’t have to rent an office space because you can work from the comfort of your own home.
You also don’t need a business or a cleaning experience to make franchising with Jan-Pro a success. Jan-Pro would not be a brand name on its own if not for their great service. As a franchisee, you get the benefit of a comprehensive certification program complete with IDs, uniforms, and the needed equipment and supplies to get your business up and running.
The income potential is unlimited because you work at your own pace and there’s already a dedicated team of sales professionals to get you clients. Got no cleaning experience? That’s no problem! Jan-Pro has you covered.
You can learn more about the cleaning franchise brand here and get more information.
Most people think that owning your own travel agency is hard. Dream Vacations makes it possible for you.
The travel industry is booming right now and you’d do well to grab the opportunity of becoming your own agent.
Like Special Strong and Jan-Pro, Dream Vacations is another low-cost franchise that requires no office. You can do it at the comfort of your home or anywhere you are in the world.
As a home-based travel franchise, Dream Vacations has been recognized by Entrepreneur as one of the fastest growing and top low-cost franchise in 2021.
Why not? The company has a long-term formula for their business success and they help you realize people’s dreams of getting the best of their vacation experience. The travel industry is fairly attractive on its own simply because baby boomers and 38% of millennials in the U.S. alone loves to travel. That translates to thousands of travelers every year which means a constant flow of clients for you.
Know more about Dream Vacations franchise opportunity here.
Best Cities to Start a Franchise Business in North Carolina
If you’re looking to start a business in North Carolina, then you’re in luck. The state is not only home to some of the leading cities that are business-friendly, North Carolina also ranks high with top cities with well-educated and talented pool of worker. You’d also benefit from the state’s low unemployment rates.
If you’re looking for the best cities to start a franchise business in North Carolina, here they are:
On top of the list of the best cities to open up franchise opportunities in North Carolina is Raleigh. The city has one of the lowest unemployment rate in the state and it has access to a talented and educated pool of workers. It’s also the state’s capital which makes it a popular go-to city for entrepreneurs looking for opportunities to grow their business.
Dubbed as the “Queen City” of North Carolina, Charlotte is by far the largest city and has the most vibrant business culture to offer – even new businesses like a franchise. There are plenty of colleges in the city which means an easy access to a talented and well-educated pool of workers and a competitive market for business. Even as a large city, the cost of living in Charlotte is relatively affordable making it a good place to start a business.
As one of the most attractive cities in the state of North Carolina, Asheville’s reputation as a popular tourist destination made it a top city to open a franchise. The city has just enough balance of nature for relaxation and a rich culture that draws people who become loyal clientele’s for businesses, both big and small.
Durham may not be as bustling as the other big cities in North Carolina, but it’s always been a popular place among tourists thanks to the infamous Duke University.
Over the years, the city has been transformed thanks to the boom of innovation and medicine. Now, Durham is home to several tech titans and the city has a top score for tax affordability including labor fees and office spaces.
Chapel Hill, NC
Compared to other cities, Chapel Hill might come off as a “simple” college town to some. But as part of the Research Triangle, the city’s school system is one of the best in the state. In fact, Chapel Hill’s population is relatively wealthy and can afford to keep businesses open. Not only that, the city is well-known for high quality healthcare services which makes it an ideal place to start a fitness franchise like Special Strong.
Hendersonville has one of the best business climates in North Carolina thanks to its supportive business community. The country offers support for small businesses and startups and caters over 2,300 businesses with an average of $914,000 in revenue.
Population wise, Aberdeen may not be as big as other cities with only 6000+ residents. The city is home to just 540 businesses. However, each business gets an average revenue of $1.5 million annually which speaks volume to the overall business culture and climate in the city.
Just like with Aberdeen, Conover has only 900 businesses on its roster, but makes a whopping average revenue of $1.9 million per firm. It’s not a surprise given that Conover’s major industry focuses on manufacturing and service-based businesses. It also helped that the city is home to the Manufacturing Solutions Center, a testing laboratory which at the same time is used for research and development.
Hickory is well-known for its rich history in furniture manufacturing. But that’s not the reason why the city is home to over 5,400+ businesses. In three consecutive years from 2017 to 2019, Forbes ranked Hickory No.1 with the lowest business costs making it not just an affordable place to live, but an affordable place to open up a business or start a franchise.
If you want to open a business in a city that’s poised for success, Morrisville is the place for you. As part of the Research Triangle of North Carolina, Morrisville has access to some of the best talent pools in the state. Not only that, the city is home to several tech giants like Cisco, IBM and SAS Institute to name a few. With companies like that, it shouldn’t come as a surprise that the average revenue of businesses in Morrisville stands at a whopping $4.6 million.
Starting your own franchise business would be a good financial investment in 2022. You can set up your business early and spend the year making a success of your newly found business. With a franchise, you can get all the support you need to make your business a success PLUS enjoy the benefit of having more time to spend with your family and loved ones.