Franchise Opportunities For Young People

NuWire Investor:

As the school year draws to a close, it is anticipated that more than 2 million bachelor’s and associates degrees will be conferred to graduating college students, according to the National Center for Education Statistics. Before venturing into the “real world” as (gasp!) adults, new alumni traditionally find themselves entertaining two post-college options: continuing their education or finding a job. A handful of graduates, however, might entertain another option: owning their own business.

To maximize their chances for a strong start, aspiring entrepreneurs might consider opening a franchise. Diligent research can turn up franchises with franchise fees starting as low as $20,000, and potential for high returns.

“A great franchisor has gone out and developed all of the tools that you need to start a business,” Lori Kiser-Block, president of FranChoice, said. “They’ve developed the marketing system, the training and operation system, the brand, [and] the marketing tools you need in order to sell that business. They’ve made all of the mistakes for you.”

A little advice can go a long way. NuWire has picked five types of franchises that might best meet the personal and financial qualifications for young people—but we’ll leave the task of pitching business plans to their parents and other family members or friends up to them.

1. Pet care

2. Painting services

3. Children’s Services

4. Non-medical home care

5. Existing franchise businesses

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