In my practice, I work with women who express the desire to have more control and flexibility in their work hours and want to build something for themselves. I hear it over and over again, and it’s some iteration of this: “I work hard. If I’m going to continue to work my butt off, I want it to benefit my bottom line and not someone else’s.”
In a recent survey conducted by Franchise Business Review, (the leading surveyor on franchisee satisfaction) 90% of female franchisees surveyed said they enjoy operating their business. So, here are 5 of the hottest franchise opportunities for you to consider that cover the spectrum of industries and investment ranges:
1. Blo Blow Dry Bar
Blo is North America’s original blow dry bar. They launched the original ‘no cuts, no color’ concept. Their distinctive hot pink branding and cute slogans like “you’re not cheating on your hairdresser” and “so you say you want a blo?” attracts rabid fans. This is a hot beauty category that continues to attract customers with convenient and affordable blowouts. Additional revenue streams are provided by makeup and some other retail offerings.
The investment range is reasonable at around $300K “all in” for one location. It’s easily scaled, and as you add locations to your budding empire, you will begin to work less and oversee the managers. A super fun business to run if you don’t mind a staff of young artists.
2. Huntington Learning Centers
With a 40-year track record, Huntington knows what works. This tutoring center offers test preparation and subject tutoring. The company boasts that utilizing their system, students improve over two grade levels in reading and math in just three months and an average of four ACT points or one hundred ninety SAT points.
The centers are accredited by the same organizations that accredit local schools, a recognition of excellence that few other tutoring companies earn. With a claim that their centers earn 63% more than their next closest competitor, this is an obvious must-see for anyone interested in giving back to their community and helping students achieve. The overall investment range is $125K to $225K, depending on your location and buildout.
3. Just Between Friends
This is the dominant brand in the rapidly growing consignment sales event industry and the leading pop-up consignment sales event franchise in North America.
Franchise owners collect sellable items from consignors and hold at least two large (VERY large – like 20K square feet large!) consignment events a year. People seeking bargains purchase the items, and the owner makes a percentage of every item sold. It’s a great win for all parties involved. Consignors can earn money back on unused baby clothes and gear, maternity items, and kid’s clothes in great condition, as well as children’s toys and games.
Investment in a Just Between Friends franchise starts at $14,900, making it very affordable. Franchisees hold a minimum of two events a year, which makes for an easy-to-manage, flexible business. It is excellent for anyone looking for supplemental income, and a good choice for the stay-at-home parents who want to generate more money – or even someone currently working and looking for a way to own his/her own company. This is a more or less ‘part-time work for supplemental income’ type of business.
4. Oasis Senior Advisors
Oasis Senior Advisors provides a free resource to seniors and their families to help them find senior living communities, whether that be an assisted living, memory care, or independent living community. The communities pay a referral fee (to the franchisee) that is typically 70%-75% of a community’s monthly bed fee.
Oasis franchisees focus on the model’s three simple components: Build an inventory of communities, then develop referral partners (social workers, hospital discharge nurses, geriatric professionals), and help families. This is a business you run from home, typically by yourself with no employees to start. You are helping seniors and their families by providing an extremely valuable service during a time of extreme stress in their lives.
With a low investment of just $60-$80K, it’s one of the hottest franchise opportunities for someone wanting to work from home with no employees. I recently profiled a successful owner in my “She Owns It” series. You can find Connie’s story here.
Showhomes is America’s largest home staging provider with a unique five streams of revenue approach. It’s not your mother’s staging business anymore! Showhomes began in 1986 with the concept of transforming unappealing, vacant houses into fully-furnished, inviting, valued Showhomes. Now in their third decade of service to homeowners and their realtors, they’ve become America’s premier home staging service coast-to-coast.
Every major national media outlet in the U.S. has praised the work of Showhomes, and the company’s work has also been featured on The Today Show, HGTV, and the Travel Channel.
With an “all in” investment under $80K, this work from home model appeals to anyone who loves homes, looking at homes and improving the appearance of homes. You are required to have at least one employee to attend training as one of you will be sales and the other admin. You should also be prepared to network with realtors and home builders in your area. The homes you service will be the very cream of the crop in your market (the top 20%).