This Tax Season, Consider Investing in a Low-Cost Franchise

Tax season is upon us. For many, that means mountains of paperwork in exchange for a little extra cash in your pocket. But for others, it’s a time to think holistically about investment goals. According to a recent Charles Schwab survey, nearly half of all U.S. business owners take this time to address their broader wealth and financial situation.

That’s why, Rick Robinson, the founder and president of Services4Franchising, believes that tax season is also a good opportunity to research fruitful investment prospects, including one option that many don’t initially consider—low-cost franchises.

“Too often, people think that if they invest money in a business, it’ll be a long time before they see a return. But what many people don’t realize is, there are tons of low-investment franchises out there,” Robinson said. “With a low-investment franchise, there’s a quicker ramp up to break even and reach profitability. What you invest this year, you could reap the rewards from within months.”

But despite its advantages, Robinson explained that many people don’t realize just how many low-investment franchise options there are. He points to Liberty Tax as an example.

“Even with 4,100 units open throughout the country, they still have a lot of room for growth. Best of all, you make 12 months of income in just three-and-a-half months, and you can get this business off the ground and running for as little as $59,000,” Robinson said.

There are dozens of other industries that offer low-cost options, too.

“From emergency services, home decorating, swimming lessons, auto repair and cleaning services to personal fitness training, marketing, lawn care, senior care, kitchen remodeling and tutoring, choosing a low-investment franchise is no longer limiting,” Robinson said. “There are a lot of options now, and many of them are more specialized and tailored to your specific interests. And each of them have excellent training and support services to help you get off to a quick start.”

Robinson explained that another advantage of low-investment franchises is that there’s very little overhead. Many of these companies are service-based, meaning they can be operated out of a home or even an inexpensive office space.

“This makes it easy for people without a large nest egg to still achieve the American dream of business ownership,” Robinson said.

But ultimately, no matter which franchise you choose, Robinson believes there’s one key advantage across the board—a quick return on investment.

“A lot of times, people are using their entire savings to launch a business, and they’re scared about going without any kind of income for an indefinite period of time. That’s one of the great benefits of having a quick return on investment—and oftentimes, you can find that in any of the great low-cost franchise options that are out there,” Robinson said.

At Services4Franchising, Robinson has helped more than 800 people find their perfect business opportunity. Robinson is happy to assist and advise anyone who is considering franchising, but may be unsure of the best low-investment path to take. He can be reached at: [email protected].