TL;DR
The article highlights 10 franchise concepts across five booming industries as lucrative side hustles, including vacation planning, home services, healthy food, supplemental education, and pet services. These franchises offer flexibility and scalability, making them ideal for those seeking to diversify their revenue streams.
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.
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.
Dream Vacations
Initial Investment: $2,000 - $21,000
Cruise Planners
Initial Investment: $2,295 - $23,617
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.
Christmas Decor
Initial Investment: $19,550 - $62,250
Mosquito Squad
Initial Investment: $164,530 - $217,125
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.
Tropical Smoothie
Initial Investment: $257,500 - $560,500
Pvolve
Initial Investment: $399,950 - $724,500
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.
The Tutoring Center
Initial Investment: $80,000 - $180,000
Sylvan Learning
Initial Investment: $98,087 - $199,582
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.
Aussie Pet Mobile
Initial Investment: $180,000 - $203,000
Scoop Soldiers
Initial Investment: $68,300 - $118,300
In this story
This story was originally published in 1851 Franchise on February 14, 2024. Burnaze summarizes and links to the original reporting.
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