This model appeals to aspiring entrepreneurs who are interested in skilled trades but may lack the resources to start their own company from scratch. Below, we explore what trade franchises are, their benefits, and why they could be an ideal business opportunity. What is a Trade Franchise? A trade franchise is a business model where an individual, called a franchisee, purchases the rights to operate under the name of an already established trade service company, known as the franchisor. This can include a wide variety of sectors such as construction, automotive repair, home improvement, HVAC, plumbing, or electrical services. The franchisee gains access to the brand’s reputation, marketing strategies, and often, a pre-existing customer base. In exchange for the franchising rights, the franchisee usually pays an upfront franchise fee and ongoing royalties based on their revenue. The franchisor provides training, ongoing support, and often access to proprietary systems that h...