Looking for some really interesting franchise opportunities in New Jersey? If so, you will want to consider the three mentioned below. We analyzed various opportunities that are available on the market and that are accessible for younger entrepreneurs. You will surely appreciate what is presented but keep in mind that many others are available if you are looking for something really special or something that is more appropriate based on what you want to invest in.
HomeVestors Of America
This is a really well-known American brand that offers an effective training program to aid the real estate investors that would work under the franchise program. The owners of a franchise can go through various interesting programs ranging from house rehab to house purchases. The HomeVestors Of America franchise opportunity works with established company brands in order to give various options available for those that are interested.
If you opt for the Associate franchise opportunity, the investment that is needed is $40,000 with $10,000 extra in cash, together with a net worth requirement of $50,000. If you opt for the full franchise option, you will need a net-worth requirement of $200,000 and an initial startup investment of around $400,000.
Keep in mind that the undervalued real estate market is at a value of around $10 billion at the moment so it is quite obvious that you should consider this NJ franchise opportunity in the event that you have cash available.
Maytag Commercial Laundry
This is an option that is perfect for those that currently operate in the vended laundry industry or that look for a successful opportunity to invest. The Maytag brand is number one in USA and there are no franchising fees that will be paid. The investor would pay around $75,000 as an up-front fee. The rest can be borrowed. It may seem that the price is high but everything is basically already prepared for you. So many perks for investors are offered so we do need to think about this option.
You may want to know that the US currently showcases over 35,000 vended laundries with a profit generation of around $5 billion. That is basically an indicator of how much money you can actually make, in the event that you thought the industry was not profitable.
Jimmy John’s Sandwich Franchise
You do not necessarily need to own a Wendy’s, McDonald’s or KFC franchise in order to be really successful in the food industry. Jimmy John is a clear indicator of that. There are close to 2,000 units opened, with 300 in 2014 alone. The fees you would need to initially pay stand at $35,000 and then you get to pay $30,000 for subsequent stores.
In most cases you will be required to have around $80,000 as non-borrowed resources to get financing qualification when working with third party lending providers. No financing is offered by the franchise, with costs varying from one location to the next based on location and size. The continuing services and royalty fees go up to around 6% of the gross sales, with 4.5% extra as advertising fees. Even so, you do end up with quite a high profit at the end of the day.