Advice You - Business

Many entrepreneurs exploring the expanding world of franchising may not have significant resources to spend on popular franchises, which can carry a price tag of several hundred thousand dollars. But there is good news for these future franchisees! Increasingly, low-cost franchise opportunities are b

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ecoming available, and these opportunities are making the dream of business ownership more accessible than ever before.

The cost of a franchise, including initial setup investment and continual expenses, varies dramatically by industry. It can range anywhere from under $50,000 for franchises includin

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

g some home-based options such as personal care and business services to $200,000 -$300,000 for some auto repair franchises, up to $1,000,000 for fast food restaurants, up to $3.5 million for full service restaurants, and as high as $4 to $6 million for lodging franchises.

Despite the potential for su

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ccess of many of these popular business franchises, oftentimes those seeking franchise opportunities simply do not have the money to invest. Yet, few realize that numerous franchises opportunities exist that are well within the reach of even the most modest budget. And with the explosive growth of th

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

e franchise industry, those looking to purchase a franchise are not limited by their budget to only a few business interests.

Entrepreneur.com recently released its 2007 list of the top 100 low-cost franchise opportunities. In order to make the list, the franchise had to offer entrepreneurs an entry

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ption that would cost less than $50,000. While some franchises only offer “conversion options,” meaning that the potential franchisee needs already to own a business and then that business could be converted into a franchise, the Entrepreneur.com list excluded these from its top 100 list.

Perhaps mos

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

t surprising about the top 100 is the range of business interests represented. In fact, under-$50,000 franchises businesses are available in each of the following industries:

Automotive
Business Services
Children’s Products & Services
Financial Services
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
>
Food/Quick Service
Food/Retail Food Sales
Food/Full-Service Restaurant
Health Care
Home-Improvement Products and Services
Maintenance
Person-Care Businesses
Recreation
Retail
Service Businesses
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
i>
Tech Businesses
Training

What are some low-cost franchise opportunities that are out there? Here is just a short listing of some of the many options available, along with a brief description of the product or service provided and the startup cost range.

Made in the Shad

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

e Blinds
With a total investment capital requirement of just $9,500 - $14,500, Made in the Shade Blinds is among the most affordable franchises you will find! As part of a $5.3 billion annual industry, Made in the Shade offers a home-based franchise opportunity to interested entrepreneurs. The c

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ncept is simply a window covering business, and Made in the Shade provides training, startup inventory, and a training manual to its franchisees.

360 Solutions
Do you love the world of professional business growth and management but want the support that comes with being a franchise owner? 360 S

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

olutions may be the option for you. A unique franchise opportunity, 360 Solutions trains its franchisees to provide business consultation services to small- and medium-size businesses. By working with businesses in the areas of human resources development, customer relations management, and cash flow

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

management, franchisees help small-and medium-size businesses achieve their full growth and profit potential. For a total investment capital of $10,000 to $30,000 360 Solutions offers training that includes “360 University,” marketing action plans, and a coaching and business growth specialists netwo

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rk.

SeaMaster Cruises
Do you love the cruising lifestyle? If so, what could be better than owning and operating your own cruising franchise business? SeaMaster Cruises combines the best of luxury lifestyle with a lucrative business opportunity. Affiliated with the Carlson Travel Network Assoc

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

iates, Inc., a member of the Carlson Companies, SeaMaster Cruises offers a home-based business opportunity in an industry that has experienced an average annual growth rate of 8.4% since 1980. With the incredible income-potential available in this industry, it’s hard to believe the total capital inves

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ment for a SeaMaster Cruises franchise is only $9,500. If cruising is your passion, SeaMaster Cruises may be just the way to turn your passion into your vocation.

CD One Price Cleaners
If you want a low-cost franchise that offers a service constantly in demand, then what could be better than a l

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

aundry and dry-cleaning franchise? And if you’re looking for a franchise opportunity that you can start for NO COST, then what could be better than CD One Price Cleaners?

This Chicago-area franchise offers entrepreneurs the opportunity to start their own CD One Price Cleaners business at no cost! Th

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

at’s right. The company provides all of the funding for your startup business by handling site location, store construction, and equipment and inventory purchasing – in essence, investing over $500,000 into your business. Then, CD One Price Cleaners puts you as the franchisee on a “manage-to-own” path

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

. Currently located only in the greater Chicago area, CD One Price Cleaners currently has plans to open additional stores in 2007 and 2008. So if you’re looking for the ultimate in a low no-cost franchise, take a closer look at CD One-Price Cleaners.

As you can see, low-cost franchise opportunities

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

abound in many industries. From home improvement and business services to luxury cruises, the options for purchasing a low-cost business franchise are varied, indeed. With determination and a bit of research, there is no doubt that you can find the low-cost franchise opportunity that is right for you

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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