Posts Tagged ‘Entrepreneur Magazine’
Franchises costing less than $50,000 to start gaining popularity
With the economy struggling to recover and the housing market showing little life, one franchise industry sector has a healthy pulse: franchises that cost $50,000 or less to start.
Entrepreneur Magazine, considered by many as the bible for small business owners, listed Showhomes Home Staging on its annual low-cost list of franchises to watch.
Here’s what the magazine said about the low-investment sector:
The economic conditions of the last few years have caused a bit of a conundrum. More and more people are looking to take their careers into their own hands by becoming entrepreneurs, while less and less financing has been made available to help those dreams come true.
One solution? Businesses with startup costs low enough that they don’t need financing. And the franchise world has been all too happy to provide such opportunities. In the following listing, you’ll find 195 companies in categories ranging from automotive services to children’s businesses, home improvements to travel agencies–all of which you can get off the ground for less than $50,000.
Showhomes is a top rated franchise, ranked highly on Entrepreneur Magazine’s annual Franchise 500 list and ranked as a Top 50 Franchise by the Franchise Business Review.
Showhomes has a unique twist on traditional home staging: it uses live-in ‘Home Managers’ to occupy and help stage vacant houses while they are on the market and for sale. Live-in Home Managers make a big difference in how well a home shows and typically produce higher sales prices in much shorter times.
Best of all, Showhomes approach to home staging costs homeowners less than traditional stagers and most fees can be paid at closing. As a result, Showhomes has increased the number of banks it works with and is expecting its seventh year of increasing revenue. Showhomes is celebrating its 25th anniversary this year and has helped homeowners and their Realtors sell an estimated 26,000 homes.
Quick facts about a Showhomes home staging franchise:
Franchise Fee: $34,900
Total Estimated Investment Begins At: $43,800
Financing Available: Yes
Veteran Discount: Yes
Royalty Rate: 10%
National Ad Fund: 2%
Territory Definition: Zip Codes
Want to learn more? Fill out the request information form and attend an informational webinar to see if Showhomes is a fit for you.
Home staging franchise ranked highly in all categories
Entrepreneur magazine has been evaluating the top 500 franchise companies for 31 years and examines important criteria such as financial strength and stability, growth rate and system size to determine rankings. The list is highly competitive and dominated by large, well known franchise brands. This is Showhomes’ fist ranking on the annual list.
“We are well positioned to be a top player in real estate-related franchising, and for good reason,” said Matt Kelton, Showhomes ‘ COO. “We have low entry level costs; we are a home-based business; we are in a hot category of small business and we have a very high potential return on investment.”
Showhomes has gained national media attention for its “home staging with a twist” business model. Focusing on vacant houses, franchisees recruit and train live-in Home Managers to stage and maintain the home while it is on the market and for sale. The service is popular with home owners and Realtors because it lowers insurance costs, creates a model-home atmosphere and makes a vacant house easier to sell.
“I’m not surprised by Showhome’s ranking,” says Joe Mathews, franchising expert and author of the top-selling book, Street Smart Franchising. “This is a franchise that ‘gets it,’ meaning they concern themselves with the sales, profitability and relationships with their franchisees.”
Amy Cosper, VP and editor-in-chief of Entrepreneur, called the 2011 Franchise 500 “a must-see list for anyone searching for the right business.”
Since its founding in 1986, Showhomes has helped Realtors and home owners sell more than 26,000 homes worth more than $8.5 billion.The Showhomes business model is based on the fact that staged and occupied homes kept in show-to-sell condition sell faster, and for higher prices, than vacant houses. For information and franchise opportunities, please visit www.showhomesfranchise.com.