The Franchise

Often small business types consider starting their own business and are smart enough to figure it out. However, they lack financial resources to get it done. They have little up front monies. Let’s say under $20,000 available to them. Should these folks consider a low cost franchise? Would a low-cost franchise service business fit the bill?

Does it make sense to buy a Franchise Business if your Initial Capital is tight? Some franchises have financing, but does going into that kind of debt make sense? Of course nothing is black or white in such scenarios. But let us consider someone starting up a mobile auto service type business, for instance lets take a Mobile Oil Change Business.

Recently I was discussing this with a small business type and he had looked into a mobile oil change unit to buy and all the franchises and business opportunities out there too. He stated; “I’ve looked at Oil Butler and the others and just don’t have the capitol right out of the gate, they do seem like viable options. Their is a guy on e-bay selling a nice rig from Lube-on-location complete Ford e-van 30,000 miles with a start bid of $15,000,seems like a good deal.”