5 Business Services Franchise Opportunities and Ideas
A business services franchise typically provides professional services like accounting, advertising, or other essential business functions. Learn more.
What Is a Business Service Franchise?
Unlike business-to-consumer (B2C) franchises that interact directly with consumers, such as restaurants or gyms, a business services franchise or business-to-business (B2B) operation provides essential support functions to other businesses. These B2B franchises provide staffing, cleaning, or consulting services, allowing companies to focus on their core operation.
Franchisees benefit from the franchising business model by gaining access to their operational systems and brand recognition. With a road map to follow, franchising creates a profitable and scalable business opportunity for entrepreneurs.
Types of Business Service Franchise Opportunities
There are several fields to focus on when opening a franchise focused on B2B services. Key sectors include:
- Staffing and human resources: Businesses like AtWork in this sector provide services ranging from temporary staffing to high-level recruitment. Staffing companies offer other businesses flexible and efficient access to qualified talent and the ability to adapt to changing workforce needs.
- Payroll and bookkeeping: Accounting services such as payroll and bookkeeping require expertise. So, businesses provide these services to their clients to help them with recordkeeping, data entry, filing documents, and running payroll — clients like to use these services to avoid mistakes in their books.
- Professional cleaning: Someone must ensure the office is clean at the end of the day. Businesses often outsource their office cleaning. Professional cleaning companies not only service offices, they can also specialize in hospitals and industrial facilities.
- IT and technology: IT support and technology solutions are highly specialized and essential for business operations. That is why businesses use IT and technology businesses, instead of having in-house departments.
- Consulting: Businesses use consulting services to receive expert advice in areas like management, marketing, and financial planning. It provides companies with an outside perspective.
Each of these sectors plays a key role in supporting the business ecosystem. Companies like to turn to these B2B businesses because they are experts in their field, convenient, and often cost-effective.
What Makes Business Services a Good Investment?
There are several advantages to investing in a business services brand. As companies downsize or simplify their workforce, they outsource essential services, increasing the demand for external business service providers. A 2023 survey of small businesses found that 52% use a firm or agency to outsource.
Custom Market Insights predicts the global business services industry will experience rapid growth over the next decade, experiencing approximately a 21% compound annual growth rate (CAGR). The market research and advisory firm reported the global industry was worth $203.7 billion in 2023. Based on that CAGR, the firm predicts it will skyrocket to $1.38 trillion in 2032.
Running a B2B business like a staffing firm means earning recurring revenue through contracts. Not only do the clients return to continue receiving more talent from the staffing firm, but running an outsourcing service franchise means working with business clients and having professional interactions. Many business services franchises can scale operations with minimal costs.
Which of These Types of Franchises Are in High Demand?
While most of these B2B service businesses are in high demand, those in staffing, IT services, accounting, and payroll are among the highest. IT services continue to grow with the increasing reliance on technology in business operations, and many small businesses outsource bookkeeping and payroll because they find it the worst part of running a business.
Hiring is one of the biggest headaches for businesses, so many turn to staffing agencies to save time, money, and resources. Staffing agencies streamline the hiring process while handling recruitment, betting, and onboarding. According to the American Staffing Association, staffing companies put nearly 3 million people to work every week. Staffing industry analysts find that the United States staffing industry brought in $201.7 billion in revenue in 2023.
Why AtWork Stands Above the Rest
AtWork stands out in the business services franchise sector as a nationally leading staffing agency. Here are a few reasons why AtWork represents a prime franchise opportunity:
- Comprehensive support: The franchisor provides extensive accounting support, including payroll processing and funding.
- Lower operational costs: Compared to independent operations, AtWork’s model offers a much lower total cost, comprising only 7.5% for royalties and marketing, which is more than half of what an independent staffing agency spends on payroll funding and processing alone.
- Proven system: Focusing on high-demand sectors like light industrial and clerical staffing is how AtWork’s business model has led entrepreneurs to success for more than 30 years.
AtWork presents an excellent opportunity not only in the staffing industry but among all B2B franchises. Make a difference in the community by joining the AtWork family. Get started today.