44 Business Franchise Australia and New ZealandWHErE’S THE MoNEy?
mobile franchises have
become very popular over
the last few years. Some
people wonder whether youcan make decent money
from them, and certainly you
can... if you choose a goodfranchise and work smart.
Years ago, mobile franchises were mainly
about lawn mowing, home services and dog
washing. However, you can now go mobile
with bookkeeping, accounting, renovations,drug testing, photography, HR consulting,
building services, aged care and a host of
others. And if you do things well you can
make a decent income.
There are good reasons for the boom in
mobile franchise offerings. One is the cost
of rent, which means a franchisee in a retail
location may need to cover annual rent of
$100,000 or more. Mobile franchises don’t
have this burden, neither do they have to pay
to fit out the store or office. And they don’t
have staff to pay - at least at the start!
All of which means that mobile franchises
are typically less costly to start and to run.
However, this doesn’t mean that you’ll
instantly achieve a $100,000 income, or that
you’ll be able to spend every cent you make.It will take time to build up your customer
base, and there are costs to pay. But if you
are self-motivated and money smart a good
franchise can be a great option.
Here are some of the differences between
mobile and fixed site franchises and some
suggestions for how to respond to them.lower cost to get started
A mobile franchise usually won’t cost as
much to set up as one in a fixed location, but
it might cost more than you think. Work out
the full costs before you commit.
Start up costs for mobile franchises tend to
be much lower than those for fixed location
businesses. With no fitout costs and (usually)ExpERT ADvIcEfEATURE:
F ixed v
’S m
oBile Fr
AN
chi
SeS
KNOW THE FINANCIAL DIFFERENCES BETWEEN
MOBILE AND FIxED SITE FRANCHISES