The Many Advantages of Home and Mobile-Based Franchises
Find out why you should invest and scale a home/mobile business instead
It’s estimated that there are some 3,500 to 4,000 different franchise concepts in the marketplace today, representing every industry, business sector, and all levels of investment. But have you ever wondered what percentage of them are either home or mobile-based? While there isn’t a definitive answer that only references the franchise industry, the U.S. Small Business Administration estimates that just over half – 51% – of all small businesses fit this definition. According to additional research from Franchise Direct, one of the top lead-generation firms in the industry, home and/or mobile operations generate some $430 billion in annual output and 70% are still thriving after three years.
Because Hike Doggie fits squarely in the booming home/mobile business category, we’re going to take a closer look at the many advantages they offer prospective business owners. Keep reading for some persuasive arguments!
What Home/Mobile Owners Don’t Have to Deal With…
Assuming that 50% of franchise concepts aren’t home or mobile-based, that means the rest require some form of a brick-and-mortar storefront to sell their goods and services. And this requirement most certainly adds several layers of complexity to the buying process. Once agreements are signed, say for a popular retail-based franchise, the next step typically involves site selection – the hunt for suitable commercial real estate locations that require intense lease negotiations. The quest to secure an optimal location with an abundance of foot traffic and a decent set of consumer ingress and egress points isn’t for the faint of heart. It’s hours of research, poring over factors such as price per square foot, anchor tenants, consumer households, and median income levels. If and when these brick-and-mortar locations are finally secured, the operation is wholly dependent on the other retailers success as well – leaving everyone’s fate intertwined. Heaven forbid one or more, possibly even the anchor tenant, end up closing down for one reason or another. If suitable replacement tenants aren’t secured, that often precedes a domino effect that eventually catches up with all retailers at the mutual shopping location. For further evidence, take a good look at what’s happening to malls in America (hint: they’re dying out).
The Many Advantages That Await Home/Mobile Owners
Not everyone is looking for the high-priced, well-known franchise brands, especially considering the affordability factor. The truth is that savvy entrepreneurs often seek convenient, uncomplicated ways to launch a sustainable business operation. The most attractive feature of home/mobile-based franchise concepts like Hike Doggie is the scalability factor. You can start small, ramp up at your own pace, and grow accordingly. Since most home/mobile operations require no square footage, overhead, or massive inventories to stock, many end up being the more affordable option. They also tend to be less expensive to operate and have much fewer upfront costs. As revenue grows, so does the profitability. To say nothing of the sheer freedom and flexibility of home/mobile businesses. Most people who chose to franchise their way to business ownership are trying to escape the gray cubicles of Corporate America, where being chained to a desk from 9-to-5 isn’t exactly a winning proposition. Not only does Hike Doggie offer freedom and flexibility to our franchisee network, but our owners also get to operate in the wide open and beautiful spaces that Mother Nature herself created. When you really think about it, Hike Doggie is the type of job opportunity that most people daydream about as they’re toiling away the hours at the office.
Having a home/mobile-based business like Hike Doggie offers you the chance to get outdoors and build your own network of clients – with our extensive help and support of course. We’ve found that some people enjoy this “thrill of the hunt” mentality, which gives our franchise owners the opportunity to focus their efforts squarely on customer acquisition – and retention. In business, there’s no greater satisfaction than building new connections and establishing relationships that last. Handle this phase of your Hike Doggie operation accordingly, and the recurring revenue will inevitably follow.
About Hike Doggie
Hike Doggie was founded in 2016 with a mission to “make dogs as happy as they make us”. The business model is predicated on providing a professional and turnkey dog hiking service. Our vision is to create unforgettable outdoor experiences for dogs, ensuring their physical and emotional well-being while fostering a deep bond between them and their human families. Hike Doggie offers a low barrier to entry, quick conversion, and strong retention rates – not to mention extremely happy clients. To date, Hike Doggie has participated in over 50,000 dog hikes and we’d like to have you help us add to that total. Hit the trail to success and explore franchise ownership with Hike Doggie by reaching out to our franchise development specialists at Franchise Evolution Partners to begin your personal journey. Watch this informative video on YouTube to discover how your life can change as a Hike Doggie owner. And be sure to read our blog, follow us on Instagram, connect with us on LinkedIn, and watch our collection of videos on TikTok.