All businesses need secure assets. Whether it's stock, equipment, business operations, or people, companies need to ensure that their property is safe. So, companies that can help maintain the security of company assets are an essential service - and in high demand.
But you need a trustworthy reputation to convince organizations that you're up to the job. Luckily, investing in a security franchise means that you inherit an established and trusted brand with a record of reliability. Indeed, security franchises are a top choice for business owners seeking to secure their property.
Security franchises offer a range of services designed to protect businesses and domestic customers, including the installation and maintenance of:
- Burglar prevention systems
- Motion sensors
- Door locks
- Security cameras
- Surveillance devices
- Water/gas/smoke sensors
Additionally, some security franchises provide cyber security for organizational IT systems and websites, while others offer personnel for on-site monitoring.
Security franchises are largely considered recession-resistant: businesses and domestic customers need security services regardless of the state of the economy. Security is regarded as an essential need for both businesses and domestic customers.
So, if you’re considering a mid-career change or already work in security and would like to become your own boss with a raft of employees, Franchise Direct can connect you to a range of excellent, reliable security franchises who will help you hit the ground running.
Franchising
Franchising is often considered THE commonsense approach to becoming your own boss. Starting a new business from scratch is fraught with challenges, from establishing your business in a saturated marketplace to reassuring potential customers that you have the skills, experience, and dependability they demand.
When you invest in a security franchise, you inherit the parent company’s reputation for excellent customer service and their immediately recognizable branding. So, you start your new business at a distinct advantage because your future customers already know and trust you.
However, one of the most attractive features of franchising is the world-class training you usually receive from your parent company. They share their hard-earned experience and ensure that your new business venture won’t enter the marketplace blinkered - you’ll have the skills to reinforce and maintain the parent company’s reputation.
In addition to excellent training opportunities, many franchisees benefit from HR support. Most parent companies assist with the complicated employee-, financial, and business regulations - basically, the stuff that keeps you awake at night!
You'll benefit from an existing supply chain, a tried-and-tested service offering, and instant curb appeal when you invest in your chosen security franchise. In short, you inherit the branding that people already recognize.
Simply put, investing in a franchise gives you access to a ready-to-go business. All the market testing is done - it’s in the bag from the second you proclaim your business open.
Franchise Direct offers an impressive choice of premium security franchises that provide:
- A ready-made reputation
- Access to a supply chain
- Ongoing business support and training
- HR support
Facts About Security Franchises
The global security industry was worth over $90bn in 2020. And the security market is expected to grow at a CAGR of approximately 10.5% by 2027, reaching around $165bn.
The cybersecurity industry has grown hugely due to the continuing trend for home working. Employees working from home and accessing organizational systems are a significant potential threat to business data. So security franchises that specialize in protecting and maintaining data and data systems are a growing branch of the security sector.
Remote workers are a continued target for cybercriminals. High-speed 5G makes cloud breaches more likely as increased bandwidth makes it easier for cybercriminals on the move to access high-value cloud systems.
The global information-security marketplace is forecast to reach an unbelievable $170.4bn in 2022, while almost 70% of business leaders consider their cybersecurity risks to be increasing.
The average business cost for a data breach is $3.86 million. That's a costly loss of revenue, so security franchises with expertise in the cyber world are a fertile area for growth.
Security video equipment is a particularly profitable area of security franchising, with an estimated one billion surveillance cameras in operation worldwide. Security experts claim that camera systems prevent almost 70% of crime.
Military veterans are primed for the security industry. These highly-trained, highly-disciplined individuals are precisely what security franchises who provide personnel need.
Additionally, prospective franchisees with backgrounds in law enforcement, military, or security services will thrive as a security franchise owner. Many security franchises offer incentives to military veterans, active duty marines, and lawn enforcement retirees - often offering an investment discount to attract these proven professionals.
Franchising Vs. Independent
All businesses require a considerable investment to get the idea off the ground. Investments usually start at around $25,000, moving up to hundreds of thousands of USD. And, with franchises, there's an initial investment to be paid to the parent company.
Of course, this sounds like a tremendous amount of money, and most of us don't have immediate access to sums of this size. This is where franchising really comes into its own because most moneylenders and banks favour the business model.
Think about it: banks are naturally risk-averse. They want to ensure that the money they lend will return, along with a sizeable profit. This puts franchises in a good position because the parent company is already tried-and-tested - there's evidence of financial viability and a history of profit, sustainability, and growth.
On the other hand, independent companies often struggle to achieve their funds to get started. Banks consider indies more of a financial risk because they don't have the history of success that a franchise can readily demonstrate. So, when indies do achieve their startup funds, they often experience much higher interest rates.
Indies are also less likely to succeed, as they struggle to establish their new business in a saturated marketplace. They fight to recoup their initial investment - and often fail to recoup at a fast enough rate to sustain their business's longevity. Unfortunately, almost half of all independent companies go into receivership within their first five years of operation.
So, if you're thinking about going into business for yourself and becoming your own boss, consider the benefits of a security franchise to get you onto a surer road to success.
Security Franchises
Check out Franchise Direct's impressive raft of reliable security franchises. And help keep businesses and domestic customers safe for years to come.
Find your brand new start with Franchise Direct.