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Looking for the most affordable and profitable franchise? Explore our home-based franchises and find a subindustry that aligns with your passions. These cost-effective franchises can be highly lucrative, as they eliminate the expenses of brick-and-mortar locations, resulting in low overhead and minimal inventory requirements.
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There’s no longer a stigma against those who work from home. In fact, 43 percent of the United States workforce works remotely, while nearly 50 percent of small businesses are home-based and generate more than $400 billion per year. Forbes says the rise of the solopreneur means increased interest in home-based franchise opportunities.
Franchising is when a franchisor grants the rights to their products and/or services to a franchisee. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the success of the proposed business model.
Home-based franchises allow you to run your business from anywhere, without the need for a physical storefront.
Home-based franchises have some real advantages. If you go with a home-based franchise opportunity, you don't have to rent an office, commute, or deal with all the myriad issues that go with a business location. You'll have tax deductions for business use of your home and you'll save money on little things from lunches to shoe leather -- and possibly on big things like childcare or home health care for a family member. What's more, many people enjoy working from home, finding it relaxing and comfortable.