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The Best Franchising Side Hustles in 2024
Seeking a new investment as a side hustle? Why not use a franchise concept that arms you with the support and flexibility you need to be successful?
A side hustle is a great way to increase your wealth and diversify your streams of revenue. These 10 franchise concepts across five booming industries may take some time and effort to establish, but once they’re running, they can be very lucrative side hustles.
Vacation Planning
Many vacation planning franchise concepts can be run out of your home office, making the initial barrier to entry low. This makes for a great side hustle if you’re not ready to fully invest all of your time and money into a brick-and-mortar business.
Initial Investment: $2,000 - $21,000
Unit Count: 1,874
Initial Investment: $2,295 - $23,617
Unit Count: 2,000+
Home Services
A lot of home services concepts are seasonal by design, making them a great opportunity for those seeking a side hustle. There are holiday decorating business models and seasonal landscaping concepts galore to choose from. It’s also very scalable, as you can add one on top of another if they focus on alternate seasons.
Initial Investment: $19,550 - $62,250
Unit Count: 235
Initial Investment: $164,530 - $217,125
Unit Count: 220+
Health and Fitness
In the wake of COVID, healthy food franchises and gym concepts are experiencing booming growth as the general public continues to prioritize health. Selecting a brand with limited operating hours, as opposed to a 24/7 box gym concept for example, can give you the flexibility you need to make this your side hustle.
Initial Investment: $257,500 - $560,500
Unit Count: 1,335+
Initial Investment: $399,950 - $724,500
Unit Count: 7+
Supplemental Education
Supplemental education franchise concepts are great side hustles, as the main hours are after school or on weekends. This industry is absolutely booming in the aftermath of COVID as families work hard to recover missed days from school closures.
Initial Investment: $80,000 - $180,000
Unit Count: 120+
Initial Investment: $98,087 - $199,582
Unit Count: 560
Pet Services
Within the pet services industry, there is a wide array of services you can offer through a franchised system. Some are more time consuming than others, but there are a variety of concepts that, once you get them up and running, offer you the flexibility you need to build yourself a perfect side hustle. For example, a mobile concept or a dog waste cleanup service gives you a lot of control over your own schedule.
Initial Investment: $180,000 - $203,000
Unit Count: 82
Initial Investment: $68,300 - $118,300
Unit Count: 20+
In 2024, side hustles are rapidly becoming the norm as entrepreneurs look for innovative ways to supplement their income. To read more about some of the best opportunities in franchising, check out the following stories:
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