Business services franchises industry overview
Business services industry is gaining momentum at the moment. Today, franchises specializing in provision of services needed for successful business operation are in high demand. More and more companies require specific kinds of tasks performed to ensure their efficiency and profitability, and they turn to business services franchises that help them execute these tasks.
The wide variety of business services includes advertising and marketing, IT solutions, branding, consulting, data processing, financial and legal services, administrative and sales training services, and many more. There are more than 99,000 business services franchise establishments in the world. Business services franchises in the USA generate approximately $90 billion annually.
Business services franchises industry outlook
The business services franchise sector will only continue to gain popularity. The world is constantly changing, and most franchises keep up with the times by innovation and following trends. Now, franchisees can provide services remotely, which eases the cooperation with clients from anywhere in the world. Small and medium-sized businesses benefit from business services franchise establishments the most. And, as more and more startups appear every day, the demand for these kinds of franchises will only continue to increase.
Initial investment and opening costs for business services franchises
The costs for acquiring a business services franchise differ depending on the brand and its popularity. The initial investment usually includes a franchise fee, tech and sales training, guidebooks and various materials. On average, the investment starts from $2,000, and can reach $30,000-$100,000.
There are numerous business services franchise opportunities. Each brand offers a different kind of franchise package. You should analyze your own goals and financial capabilities in order to find the best option for you.
A few years ago we decided to start the global expansion, so we started looking for ways how to find our new franchisees. Last year we noticed the Topfranchise.com marketplace.
Since the time we got listed here, our Franchise pitch has been visited by thousands of people, and a couple of hundreds had left their requests. I would like to share a success story. We received the lead from Topfranchise.com. It was a potential franchisee from the USA, who was interested in becoming a part of our company. Today he operates as our Franchisee in Grove town, USA.
At Topfranchise.com we have a manager, who keeps track of our success. If something goes wrong, we can be sure to receive advice. For the extra advertisement, we used newsletters and banners, which helped to attract more potential franchisees.
We express our gratitude to the TopFranchise.com team for their professionalism.
We get a lot of leads performing well as a potential franchisees. We are glad that we have chosen TopFranchise.com as a partner and look forward to further fruitful cooperation.
So far, we have been pleased and treated as valued customers providing discounts to advertising packages in the English and the Russian version of the company.
We move forward into 2022, with the assurance of having TopFranchise as a valued advertising
partner in expanding the Mikel Brand even further.
After all the preparations and settings, the result came up very soon. Customers do not hesitate to contact us , and we find them reliable. It is wonderful work for Topfranchise.com.
In the time I have been with them I have had a good response, with leads coming in from every corner of the world and from countries you would not expect to get enquiries.
I decided in April this year to increase my budget to get more leads from overseas and explored other websites with an international exposure, but eventually I decided to spend my money with TopFranchise because of the quality of the service they provide. I invested in newsletters and banner listings with them which provided even more leads.
To date the investment I made with TopFranchise has been repaid with lead convertions.
Topfranchise is so helpful. They help us to find customer from different countries. After we discussed with customers the possible cooperation, we realized that customers from Topfranchise.com have a great potential and strong financials that can help to improve our brand.