Multi-Unit Franchise Experts

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5 Most Profitable Franchises to Open – Retirement Investing

Having 10 years to retire can feel overwhelming, and you may not know where to start when it comes to investing to safely secure your retirement. One option is franchising, which in its most basic definition, is a license to use another company’s business model in exchange for a fee. Franchising provides a low-cost opportunity to start and operate a business with economic security that is already admired and recognizable in the marketplace.

Franchises are appealing for retired people because they usually require a low initial investment cost, and they provide access to high-quality training and resources for business operations and marketing. Since franchising has such an alluring structure and opportunity for profit, many astute investors consider this mode of income; however, the massive selection of potential franchises can be daunting. To aid in the decision-making process, we drew from the International Franchise Professional Group (IFPG) to prepare a list of 5 most profitable low cost franchises for retirement investing.

1. Cruise Planners

Cruise Planners is an American Express Travel Representative franchise that provides high-skill services that other online travel websites can’t match. Cruise Planners specialize in unique cruise packages for holidays and custom itinerary planning. The total initial investment for this franchise starts at $2,095, and the ongoing fees are 8%-12% of the gross travel sales. Cruise Planners offers extensive training, with tools to optimize clients’ business planning and successful strategy implementation.

2. Autopilot Your Investing

Autopilot Your Investing offers both investment coaching and investment management options to clients. The initial franchise fee for Autopilot Your Investing starts at $2,650 and there is no annual royalty. This franchise provides a unique service and helps clients understand the financial markets and understand key investing concepts and strategies to reach their financial goals. Additionally, Autopilot Your Investing’s membership program provides its clients various type of financial guidance and updates on the financial landscape.

3. Mathobotix

Mathobotix is a STEM-focused franchise for children. Mathobotix provides a comprehensive curriculum to implement to help children understand science, technology, engineering and mathematics. The total initial investment for this franchise is $10,000 and the ongoing royalty fee is 10%. Mathobotix offers a three-week training program and provides workshop materials, educational toys and exhaustive guidelines to help the franchisee apply Mathobotix’s concept successfully.

4. Aquacadabra

Aquacadabra specializes in aquascaping, allowing customers to build an oasis in their aquarium. The initial investment is $33,000 and the ongoing royalties are 8%. Aquacadabra believes that it’s a franchisee’s individual creativity that sets each of its franchises apart from the rest. This franchise offers extensive training, including a detailed handbook, operations manuals, and help implementing marketing strategies.

5. Cruise Planners

Cruise Planners is an American Express Travel Representative franchise that provides high-skill services that other online travel websites can’t match. Cruise Planners specialize in unique cruise packages for holidays and custom itinerary planning. The total initial investment for this franchise starts at $2,095, and the ongoing fees are 8%-12% of the gross travel sales. Cruise Planners offers extensive training, with tools to optimize clients’ business planning and successful strategy implementation.

Retirement investing can seem intimidating, but by choosing one of the above-mentioned franchises to invest in, you can ensure that you make the most out of your savings. While franchising is an excellent way to gain profit for retirement, it’s important to recognize the risks involved. We suggest researching the franchisor thoroughly, consulting a qualified franchise specialist or broker for guidance, and seeking informed legal advice before making a decision.

Topics:

Franchising,

Retirement Investing,

Low Cost Franchises

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