The readymade convenience that franchises bring need not come at horrible cost. You can snap up a potential bargain for well under $100,000 if you browse the Australian franchise opportunities advertised online by a range of organisations.
Franchise consultant Richard McDonnell spotlights the garden maintenance franchise, Jim’s Mowing, which offers some franchises for well under $50,000. A Jim’s Mowing franchise represents good value “for a certain type of person†happy to mow all day every day, McDonnell says. Often retrenched, the merry mowers are also “highly ambitiousâ€, according to McDonnell.
Whatever your degree of commitment, think hard about return on investment (ROI). If you fork out $60,000 for a franchise, you will want to make more than $40,000 a year, he says.