What Are The Best Franchises For Retirees?
Franchising is a Perfect Opportunity for Retirees
Just can’t sit still in retirement? You’re not alone! According to a report, 72% of people who responded said they chose to continue working after retirement, with the leading motivation for doing so to stay mentally sharp. For retirees, the franchise system is a perfect business model, allowing business owners to work at their own pace, build their own schedule and make a great livelihood while they’re at it. Indeed, nearly 30% of all franchises are purchased by people in the 55-64 age bracket. Why are retirees finding such incredible success in the franchise model? Because the right franchises offer a tried business model and are easy to run. Plus, retirees have all the experience and expertise necessary to get the job done. But don’t just take our word for it.
“Believe it or not, there are countless opportunities for working after retirement that are both satisfying and lucrative,” according to a report in FranchiseWire. “You can still have time for travel, tennis and anything else you’ve dreamed of doing in retirement. Franchising offers great business opportunities for retirees. By investing in an absentee or semi-absentee franchise business, you can reinvent yourself without the frustration of going back on the job market or starting a business from scratch. You can walk into a proven business model with training, support, marketing and branding already in place. There is no guesswork when it comes to franchise ownership, which makes it a much safer and easier way to go.”
What Types of Franchises are Best for Retirees?
But not all franchises out there are good fits for retirees. Topically, the best fits are franchises that require a part-time effort or allow absentee ownership. Also, franchises with an already established brand recognition, successful business model, and loyal customer following can give retirees a leg up by not having to build those important aspects from scratch. And, many retirees chose to invest in franchises that have a charitable component, as many people want to find meaning and feel rewarded in their later careers.
In steps Meals of Hope. Unlike any other franchise out there, Meals of Hope franchise owners spend their time building relationships within their community for one common goal: to fight the hunger crisis and help communities become food secure. Franchise owners spend their time networking within their community, and helping put on meal packing events that are ultimately delivered to the most vulnerable people. For retirees, our business model is incredibly simple and easy to operate.
All franchise owners are tasked with is finding a sponsor for a meal packing event. From there, sponsors are responsible for securing volunteers and a venue for the event. When finished, a local food bank picks up the food. Meals of Hope franchise owners are paid a percent of every meal packed, which can range from 10,000 meals to more than 1 million meals in just one day! For those who want less hands-on work while still making a huge impact in their community, Meals of Hope is a perfect fit.
Meals of Hope is the Franchise for You!
Meals of Hope is a great investment, because our services will always be in demand. Unfortunately, more than 34 million people are food insecure in the U.S., and that number is only expected to grow. Meals of Hope, on the other hand, has set out to do something about it, organizing meal packing events across the country that delivers food to those most in need. As long as people are suffering from food insecurity, and as long as there are people who want to help, Meals of Hope will always have a viable mission and service.
For franchise owners, you’re not responsible for the heavy lifting. You act as a salesman selling the idea that organizations in your community want to help the food hunger crisis through a Meals of Hope packing event. And who could say no to that? Since Meals of Hope was founded in 2007, our events sent more than 80 million meals to people suffering from food insecurity.
“There’s no shortage of organizations that want to help,” says Steve Popper, President and CEO. “Many businesses today have developed a corporate social responsibility strategy, and they are always looking for ways to give back. Houses of worship and faith-based charities are always looking for ways to live their values. We’ve worked with every type of organization, and the results are always phenomenal. Everyone who participates leaves feeling great. From our franchise owners, to their sponsors, to the volunteers who show up, it’s a win-win-win for all involved.”
What Does Meals of Hope’s Business Model Look Like?
Meals of Hope’s business model is as straightforward as it gets. Franchise owners build connections with organizations within their community, such as charities, businesses, universities, and houses of worship. Once on board for a meal packing event, those groups find volunteers and secure a venue. The parent company of Meals of Hope supplies the ingredients to be packed. And once over, the food is picked up by the local food bank. Easy as that! For retirees, Meals of Hope is a low stress, low workload franchise that lets them set their own hours and be their own boss, as well as help your community.
“This is a business that’s all about building relationships,” Steve says. “Our franchise owners are going to be spending their time networking in their communities and forming relationships that are based on a shared commitment to give back. When they hear the impact that one event can have, it becomes a common sense decision to host it. The more events our franchise owners can organize, the more successful they become in business – and more importantly, the more people they’re able to help.”
Own a Meals of Hope Franchise Today!
Retirees looking for their next opportunity in life should look no further than the Meals of Hope franchise opportunity. To learn more, visit our research pages here or make a request for more information today!