Business Forum • 27 March, 2024 at 4:40 PM
Romanians show more and more interest in becoming entrepreneurs, in quitting their jobs and building their future on their own. With an increasingly present entrepreneurial mentality in Romania, more and more young people are looking to implement their visions and act independently, in various fields and market sectors, according to Franchwise, the largest consulting firm in the field of franchises in Romania.
Thus, to make it easier for them to enter entrepreneurship and to follow an already tested recipe, many Romanians start a franchise business. Franchising is such a business model in which an independent entrepreneur (the franchisee) acquires the right to use the brand, products, and processes of a parent company (the franchisor), benefiting from the latter's support and experience.
In recent years, franchise businesses have become more and more popular among those who want to start a business. If a few years ago, HoReCa franchises were intensively franchised, in recent years more and more interest from entrepreneurs is being manifested for franchises in other fields, implicitly in services and retail.
Here are 8 business ideas with which many Romanians enter entrepreneurship:
1. Photovoltaic systems
The field of solar panels has experienced significant growth on the Romanian market in recent years. More and more Romanians are turning to this renewable source of energy to save, but also because they can receive financial support from the state.
An example of a franchise in this field in which anyone can invest is the Solar Fix franchise, a 100% Romanian company that offers complete installation services for photovoltaic systems. The personal contribution of the franchisee in this type of business starts from 20,000 euros, and for the rest of the investment, the company offers the possibility of financing.
2. IT school for children
IT programming services have become increasingly important in recent years, and Romania has become a hub for the IT industry in Europe. Parents are increasingly investing in the development of their children's skills from an early age, and the IT field is among the most sought after for a future career.
An example of a franchise in this field that anyone can invest in is the Logiscool franchise, an international network of schools that offer interactive programming courses for students and teenagers between the ages of 7 and 17. Future Logiscool partners must have an investment capital of between 30,000 euros and 50,000 euros.
3. Language courses through play
There is a growing openness of children to learning foreign languages from an early age, and parents want them to develop their foreign language skills as early as possible. Playing is an activity through which the little ones learn much more effectively and through which the effort put on them is reduced.
An example of a franchise in this area to invest in is the Lingotot franchise, a multilingual center that has developed a unique, unconventional method of teaching through play. More than 15,000 children attend weekly Lingotot courses taught in 8 foreign languages adapted to age groups. Those interested in investing must have a capital of at least 100,000 euros for exclusivity in Romania and the opening of the first educational center.
4. Stationery franchise
The stationery and office sector has always known advantages due to the diversity of products available, but also due to the high demand from both direct consumers and companies.
A franchise that stands out in this field is the Folder franchise, of Spanish origin, which has a high number of available products of up to 4,500. The initial investment for the first franchisees is between 100,000 euros and 150,000 euros, including the initial stock of goods. This opportunity is a significant step towards building your own business under the Folder brand umbrella.
5. Hot business idea: eye photography franchise
People tend to admire what is around them, to enjoy the art and the aesthetic power of some works, not knowing that the art is in them, not just around them. Photographs and paintings are the main sources through which aesthetic value is captured.
On the same principle of art, the Iris Galerie franchise stands out, bringing a unique concept of capturing the human iris and transforming it into a work of art. This unique business pattern can bring significant profits, offering a wide selection of prints and finishes, with prices ranging from 49 euros to over 4,000 euros for Prestige formats.
6. Franchise with cleaning and housekeeping products
Cleaning and home care products have always occupied an important place in the landscape of everyday life. Having a varied range of products to choose from is essential, especially after the sanitary restrictions of the pandemic year. Since then, people have learned to put more emphasis on cleanliness.
With such a variety of cleaning products comes the POK franchise, which has over 3,500 products in its portfolio. The necessary investment capital that a future franchisee should have is between 30,000 euros and 40,000 euros.
7. Business club - a business with an investment of only a few thousand euros
An investment in a business club, such as Bizz.club, is an inspirational investment, with positive changes in Romania. Based on mutual support, entrepreneurial education and networking, Bizz.club is the most extensive business networking network in Romania dedicated to entrepreneurs, managers and freelancers who aim for personal and business growth.
The investment in the franchise is between 5,970 euros and 9,970 euros, depending on the size of the city, being a suitable business for medium-sized cities, such as Oradea, Craiova, Pitesti, Brăila, Satu Mare, Tg. Jiu, Piatra Neamț, Bistrița or Târgu Mureș.
Currently, Bizz.club has 17 clubs in Romania and other countries, approximately 550 members, 50 mentors and has organized over 11,000 meetings, over 270 organized business events, 7 Bizz.camp editions and 8 gala editions national Bizz.club.
8. Graphein
Today, Graphein is among the first places in Romania to provide fast and accurate topographic assistance services in the construction site, 3D scanning and technical assistance for cadastre and tabulation.
The future Graphein partner needs an investment capital between 10,000 euros and 50,000 euros depending on the desired role - commercial licensee: is involved in sales, business development in construction or construction-related fields (project management); technical licensee: Will do project implementation, has experience in surveying, works independently on projects or is a small surveying company and wants to move to the next level.
The field of franchise business in 2024 is promising, varied and full of opportunities. From classic areas such as food or coffee shop, to the field of educational and stationery services, there is a wide range of possibilities for investment. Through an analysis of business objectives and market opportunities, investing in a franchise in 2024 could be the first step towards a successful business in the future.