Are you a member of the Latin community looking to invest in a franchise for your E-2 visa? Are you concerned about the possible obstacles to investing, such as the language barrier? Not sure where to start looking? Vetted Biz is here to help! We pride ourselves on being able to provide you with accessible data and information to make your entrepreneurial efforts a dream come true. Let’s start with the top 5 franchises for Latin Americans.
We have analyzed thousands of franchises across the country and have come up with the best businesses that the Latin community can invest in. These establishments are especially accessible because they offer their services in Spanish and/or cater primarily to a Latin clientele.
Researching potential franchises to invest in can be overwhelming, and cultural differences can only complicate things even more, but it doesn’t have to be that way.
Read on to learn about the top 5 franchises for the Latin community to invest in.
IPG Florida
IPG is a real estate and property management company based in Central Florida. Franchisees manage a large portfolio of vacation homes, and the nature of their business model allows them to see a return on their investment almost immediately. Based in Miami, a large portion of their clientele is Latino and they are looking to further diversify their customer base. For Latin franchisees from outside the United States, IPG has an E-2 visa approval rate of 99%. The investment range for an IPG Florida franchise is $191,000 – $397,000.
ATAX
ATAX is in the Business Services industry and is a retail income tax firm in the United States that offers a variety of services, including tax preparation, accounting, financial reporting, and small business consulting. Franchisees monetize their investment by charging fees for their tax preparation services, and pay a fee to the parent company for services rendered. ATAX is unique by offering its services in both Spanish and English, making it a perfect investment opportunity for Latin investors who may not be familiar with the English language or who prefer speaking in Spanish. The investment range for an ATAX franchise is $59,000 – $74,000.
Estrella Insurance
Estrella Insurance is in the Business Services industry and is an auto insurance company based in Miami, Florida. They represent a portfolio of different insurance companies to help their clients find the best and most affordable option available. Franchisees earn commissions on new and repeated business, and the lack of inventory and equipment expenses allows for high growth potential within their business model. Estrella Insurance was founded by Nicolas Estrella, who was born in Cuba but immigrated to the United States. The Latin American roots of this company are matched by the fact that many of its employees, franchisees, and clientele are of Latin descent, making it a wonderful opportunity for Latin investors interested in starting a business among their community. The investment range for an Estrella Insurance franchise is $50,000 – $80,000.
Techy
Techy is a franchise concept in the Retail Products and Services industry. The franchise offered is for the operation of a business for the installation, maintenance, and repair of cell phones, computers, tablets, and smart home hardware and other electronic devices, as well as the sale of specific electronic devices, accessories, and other supplies and items. Franchise pricing starts in the 125/130K range.
D.O.G. Hotels
D.O.G. Hotels, part of the Retail Products and Services sector, is a pet care company founded in 2014. Its business model encompasses a variety of services, mainly dog daycare, grooming, and boarding services. D.O.G. Hotels distinguishes itself from other pet care companies with its luxury and high-end services and facilities. Like ManCave for Men, D.O.G. Hotels is based in South Florida, where there is a highly concentrated Latin market. In addition, potential franchisees do not have to have prior business ownership experience, making it perfect for Latin Americans looking to break into the business world. The investment range for a D.O.G. Hotels franchise is $429,000 – $548,000.
