1851

Service franchises can make for a great entryway into the world of business ownership. They typically have lower startup costs, reduced risk and a healthy potential for scalability. Here’s what else you need to know about them before you make the leap into the franchise world.<h2>Research and Find a Franchise</h2>The<a href="https://1851franchise.com/what-is-a-service-franchise-2719381#stories">&nbsp;service franchise industry</a> is huge and encompasses a wide variety of services, including handyman, lawn maintenance, child care, travel agents and automotive-related services — and that’s not even half of it. Because of the scale of the service franchise industry, it may be hard for you to figure out what business to invest in.As such, it’s recommended that you consider your own interests and goals; find a business that aligns with your values and overall mission. During your search, you will discover the<a href="https://1851franchise.com/the-pros-and-cons-of-owning-a-service-franchise-2723455#stories">&nbsp;pros and cons</a> of different businesses. As many franchise owners say, this process is absolutely crucial to finding an opportunity that you’re personally passionate about.“Running your own business is hard work,” said<a href="https://www.linkedin.com/in/dadongwan/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-you-need-to-know-to-open-your-own-service-franchise-business-2723685" target="_blank" rel="nofollow">&nbsp;Dadong Wan</a>, who operates a<a href="https://1851franchise.com/seniorshelpingseniors">&nbsp;Seniors Helping Seniors</a> franchise in the northeast Dallas Fort Worth metro area. “There are insane hours involved and, at the beginning, you may also dig a financial hole for yourself, too. So, it’s super important to find a business that feels right to you. There are so many opportunities out there. Spend time exploring them until you find the one that’s aligned with your heart. Just like falling in love, you know it when the right one is showing up in front of you.”To help you in your search, we’ve compiled a&nbsp;<a href="https://1851franchise.com/the-20-hottest-service-franchise-brands-to-invest-in-right-now-2723601#most-recent-stories">list of some of the hottest service franchise brands</a> to invest in this year.&nbsp;&nbsp;<h2>Secure Financing</h2>Once you’ve found a brand that you’re ready to spend the foreseeable future with, you’ll need to figure out exactly how much it will cost to become a franchisee. Many franchisors will list their investment information publicly. But if they don’t, you’ll also be able to see the brand’s costs on their<a href="https://1851franchise.com/how-to-read-an-fdd-101-a-basic-introduction-to-the-franchise-disclosure-document-2712016#stories">&nbsp;Franchise Disclosure Document (FDD)</a> upon expressing your interest in becoming a new owner. Once you know how much you’ll need to spend, you can start looking at securing financing.As previously mentioned, service franchises do tend to require lower startup costs than other businesses. For example, it costs roughly $10,500 to become the owner of a<a href="https://www.dreamvacationsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-you-need-to-know-to-open-your-own-service-franchise-business-2723685" target="_blank" rel="nofollow">&nbsp;Dream Vacations</a> travel agency franchise. While each franchise will have significantly different investment ranges, securing financing will make your life easier by ensuring you have enough capital to fund the start of your business.&nbsp;Luckily, there are a number of ways you can go about securing financing. Some franchisors offer their own financing programs or work with third-party organizations to provide financing. Alternatively, you can always apply to get an<a href="https://1851franchise.com/everything-you-need-to-know-about-sba-lending-2723430"> Small Business Administration (SBA</a>) or conventional bank loan. You can find more<a href="https://1851franchise.com/the-10-best-options-to-finance-a-franchise-business-2723102#stories">&nbsp;financing solutions here</a>.<h2>Become an Owner</h2>After securing financing, getting approved by the franchisor and ultimately signing the<a href="https://1851franchise.com/the-differences-between-an-fdd-and-a-franchise-agreement-2709317#stories">&nbsp;franchise agreement</a>, you can now call yourself the owner of a service franchise brand. At this point, you’ll be invited by the franchisor to participate in training programs to learn the ins and outs of the business. This can include classroom training and in-the-field learning, and typically covers operations to customer service. The training you receive all depends on the franchisor. In theory, you should learn everything you’ll need to know to get your business off the ground and running.Additionally, due to the nature of the service industry, your business may not require a physical brick-and-mortar location; a mobile setup could be sufficient. This will also<a href="https://1851franchise.com/the-top-10-home-based-franchises-without-the-costs-of-a-brick-and-mortar-store-2722025#stories">&nbsp;depend on the brand</a>. For example, franchises like<a href="https://1851franchise.com/ecomaids">&nbsp;ecomaids</a>,<a href="https://1851franchise.com/scoopsoldiers">&nbsp;Scoop Soldiers</a> and<a href="https://1851franchise.com/lawndoctor">&nbsp;Lawn Doctor*</a> are all service brands that don’t require physical locations. This will have the added benefit of reducing your overhead costs. Regardless of your chosen setup, you will now be ready to open your business to the public.<h2>One Final Reminder</h2>If you’re committed to pursuing business ownership, remember that it demands careful planning, dedication and genuine passion. Take your time on this journey. When you find a service brand that aligns with your values, you’re on the right track to starting your own service franchise. &nbsp;

What You Need to Know to Open Your Own Service Franchise Business

1851 Franchise

The franchise service industry has the potential to offer lucrative business ownership opportunities to first-time entrepreneurs or seasoned industry professionals. 

what-you-need-to-know-to-open-your-own-service-franchise-business

Sola Salons

Sola Salons Announces Franchise Expansion in Port Orange, Florida; Lakeland, Florida; Greenville 

Sola Salons Announces Franchise Expansion in Port Orange, Florida; Lakeland, Florida; Greenville, South Carolina

sola-salons-announces-franchise-expansion-in-port-orange-florida-lakeland-florida-greenville-south-carolina

Griswold

How Bruce McReynolds Built a Thriving Griswold Franchise Through Purpose and Community

how-bruce-mcreynolds-built-a-thriving-griswold-franchise-through-purpose-and-community

Sylvan Learning

Photo of Sylvan Learning teacher and student sitting at table together

How To Prevent Summer Learning Loss: Fun and Simple Ways To Keep Kids Learning

prevent-summer-learning-loss-sylvan-learning

Children's Lighthouse

Why Austin Is a Strategic Growth Market for Children’s Lighthouse

why-austin-is-a-strategic-growth-market-for-childrens-lighthouse

Biscuit Belly Franchising

Biscuit Boom in the Bayou City: Biscuit Belly Signs Three-Unit Deal to Expand in Houston

biscuit-boom-in-the-bayou-city-biscuit-belly-signs-three-unit-deal-to-expand-in-houston

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers - 1851 Franchise

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers

ai-unemployment-impact-white-collar-job-loss

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

Franchisee spotlight graphic with photo of Ed Holmes and Papa Murphy's logo

Thirty Years of Take ‘n’ Bake: Ed Holmes Reflects on a Lifetime With Papa Murphy’s

papa-murphys-franchise-ed-holmes-30-years

Design with outline of three houses and people working on laptops within them

Top 10 Low-Cost Home-Based or Mobile Franchises for 2025

low-cost-home-based-mobile-franchises

From Personal Care to Purpose-Driven Business: Why This Couple Is Bringing Griswold to Houston

from-personal-care-to-purpose-driven-business-why-this-couple-is-bringing-griswold-to-houston

Franchisee Spotlight with Chris & Evelyn Steinacher with Atomic Wings logo

Bringing the Heat: Local Couple Expand Their Franchise Portfolio with Atomic Wings in Illinois

atomic-wings-franchisee-feature-chris-evelyn-steinacher-fairview-heights-il

What You Need to Know to Open Your Own Service Franchise Business

MORE STORIES LIKE THIS