When preparing to invest in a small franchise opportunity, it can be hard to decide which type is right for you! Here is a list of a few things you need to consider before investing in your own home inspection franchise.
Franchise Cost
There are always costs associated with purchasing a franchise and they span an extremely large range. If you are looking for a cheap franchise opportunity, you will likely want to explore home business franchises with low overhead costs, such as A Buyer’s Choice Home Inspections. You’ll also want to investigate franchise opportunities that offer low purchase prices and reasonable royalty fees.
Franchise Financing
SBA Express Loans are the perfect loan for Financing a franchise in the USA.
You can borrow from $50,000 up to $150,000 depending on your Financial needs. The SBA Express Loan is ideal for startup Franchises and you can use it to pay the balance of your franchise fee (after initial deposit), upfront materials needed to start your business, operating expenses, salary and much more as you start and grow your new business. The best part of this loan is there are no personal assets pledged as collateral because the Business assets are the collateral.
Loan advantages over other Financing options:
- Retirement funds and other personal liquid assets are not at risk and available for future use
- No need to roll over a large portion of your 401K
- The equity in your home will remain in tack with no Bank Lien
- No need for multiple Business credit cards with compounding interest
To learn more about financing options please contact Key Commercial Capital an Industry Leader in Franchise Financing and SBA loan approvals.
Insurance
If you ask anyone about buying your own home inspection franchise, they will tell you to get insured. Do not invest in a franchise that does not understand and and encourage insurance coverage.
Franchise Recognition
If you are going to invest in a company name, you want to make sure it is a well-recognized one. For example, A Buyer’s Choice Home Inspections is currently the largest company in Canada offering top franchise opportunities and is well on-track to becoming the largest home inspection company in the world. Consider the brand recognition associated with your home inspection business before you purchase.
The Package
What are you going to get with your franchise? Be sure that the franchise you are investing in gives you everything you need to start your home inspection business and receive your home inspection certification. This includes support, training, marketing collateral and a proven business plan.
The Training
Receiving your home inspection certification is much easier and more rewarding when you have a solid training base from one of the top franchise opportunities. Make sure that the business you are investing in will provide you with plenty of training and hands on experience so that you can feel prepared and supported when you go out on your own.
Investing in a franchise, even a low cost franchise, is a big decision. Before you move forward, make sure you decide which cheap franchise opportunity is right for you and your home inspection business.
Learn More about A Buyer’s Choice Home Inspections Franchise