Service franchises typically allow you entry at a fraction of the cost of a retail franchise – often just a few thousand dollars of investment compared to six figures for many retail opportunities. Yet, the income potential is still attractive and can be considerable. So there’s the affordability factor and a lower upfront risk from day one.

There’s also a wide selection of opportunities and niches in the service franchise sector. And many of these businesses have a healthy and constant demand (plumbing will always need to be repaired, for example).

Service franchises are typically “skills based” and offer those with the ability, interest, and dedication to be active and “work with their hands” as they build their business.

Because many service franchises do not require a brick and mortar location for franchisee operations, overhead is typically much lower. It’s very easy to turn a quick and healthy cash flow when you work from a home-based office. And with very few employees, your staffing headaches can be minimal. And later on, the lack of a physical location makes it easier to take on additional territories at a minimal cost.

Additionally, working hours can be flexible – often by appointment only – so you’re not restricted by long retail hours. This can be a big plus for some lifestyles. But keep in mind, like most businesses, the more you work the more you earn.