2018-03-14 08:21:27MobileEnglishStart a new business and get it up and running quickly with a mobile franchise. This business model saves you on overhead and lets you tap...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/03/Man-Driving-Enjoying-Mobile-Franchise.jpghttps://quickbooks.intuit.com/ca/resources/mobile/mobile-franchise-system-benefits/Enjoy the Best of Both Worlds With a Mobile Franchise

Enjoy the Best of Both Worlds With a Mobile Franchise

4 min read

In today’s fast-paced society, demand for mobile services is higher than ever. Customers don’t want to carve out time to trek to a business to get their bike repaired or their car detailed. They want someone to come to them. Demand for this type of business is exploding, and with your own mobile business, you can be the one to meet this demand. As mobile franchises spring up, you have the option of joining an existing franchise — By buying one, you can enjoy a built-in business model and marketing system.

Why Mobile Franchises Offer the Best of Both Worlds

So you want to start a business. That requires, for starters: a location, a business plan, and a marketing strategy. A location, especially a good one with high visibility, costs money, usually lots of it. And without a good business plan and marketing strategy, your business is dead on arrival. For a rookie entrepreneur, it can be hard to get it right the first time.

Mobile franchises don’t solve any of these problems, but they certainly mitigate them. By operating a mobile business, you do away with the need for a permanent location — at least until your business grows and you need a home base. That can save you thousands every month in rent and utilities. Not to mention, it gives you more flexibility and autonomy over your day.

The franchise system lets you plug into an existing successful business model. This can be a boon to inexperienced business owners. You benefit from the trial and error of those who have gone before you. Also, many franchises have strong name recognition, making it easier to get off the ground and get your name out there.

Need some ideas for promising mobile franchises in Canada? Check out the following businesses to start.

Fire-Alert

Fire-Alert has been in business since the 1980s but didn’t begin franchising until 2008. It sells fire safety equipment, delivering its products right to customers’ doors. As of 2018, the company has branched out into 20 regions across Canada, each of which serves both commercial and residential customers.

This is a great franchise for a hands-on entrepreneur who’s good with people. Not only do franchise owners sell products, but they also install them in customers’ homes and businesses. They drive work trucks that carry inventory as well as installation tools. You can start with one truck and no permanent office, keeping your overhead low. Then, as you build your business and add customers, you can grow as you see fit. That could mean adding trucks and drivers, operating from a permanent location, or both.

Velofix

A Vancouver company founded in 2012, Velofix offers mobile bike repair services. Its franchise owners operate out of 24-foot Mercedes vans, travelling to customers’ homes and businesses to fix their bicycles.

If you’re looking for a franchise that holds your hand through the early days, you might consider Velofix. All new franchise owners head to Vancouver for a week to train on everything from marketing to inventory management to product knowledge.

The lack of fixed costs from not having a permanent location not only make it easier to get started but also let you keep your prices competitive. Also, the main office helps you build strong relationships with inventory suppliers, potentially driving your costs even lower.

Matco Tools

Matco Tools provides tools to automotive professionals. In business since 1979, the company has grown to 1,700 mobile stores in the United States and Canada. While no business can guarantee a new franchise owner’s success, Matco Tools does several things that make it hard for you to fail.

The company has a structured training program for new franchise owners. Following that, you hit the field with a mentor for several weeks, learning best practices for running your business on a day-to-day basis. You also get to choose between several store options. This lets you cater to your strengths and the local market.

The best part: Matco Tools provides each new franchise owner with customers to call on. You get an exclusive territory — meaning no other franchise owner can encroach on it — with at least 325 customers.

Tutor Doctor

Getting into a good university is more competitive than ever. At the same time, Canadian families are busier than ever. Recognizing these two trends, Tutor Doctor, founded in 2008, established a successful franchise system offering academic help at students’ homes.

As a Tutor Doctor franchisee, you can operate your business out of your home. Inventory is minimal, consisting mostly of books and other educational materials. Unlike most mobile businesses, you don’t need a truck, van, or special vehicle. All you need is a good brain and a love for kids and learning.

Though the company has existed only a decade as of 2018, it has built a stellar reputation among Canadian families. Its strong brand name helps new franchise owners get in the door with customers. Its rock-bottom overhead combined with its good name make it an attractive choice.

A mobile business lets you start a new venture with flexibility and low overhead, and a franchise lets you piggyback off an established and successful business. Check out the mobile franchises detailed here or explore other franchise opportunities to enjoy the best of both worlds.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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