Buying a Business Franchise? Here Are 10 of Your Best Options!
Investing in Franchises? Here Are 10 Great Business Opportunities!
This is crazy: you need to have at least $750,000 in liquid assets to open profitable franchises like Taco Bell or McDonald’s. Not only that, but you’ve got to have a net worth of $1.5 million to even think about opening up a KFC as well.
Looking to buy a business franchise? Read on to find out our top ten picks for affordable, profitable opportunities that make investing in franchises worth it!
How to Invest in a Franchise
Curious about how to invest in a franchise? While many people dream of becoming their own boss, it can be a little tricky to get started. But here’s the thing: as long as you have the spirit of entrepreneurship, you shouldn’t have any problems.
Now, if you’re unsure of where to begin, you might want to look into low-cost franchise investments. Not only is this the most straightforward way to become a business owner, but it’ll also give a leg up from those who start from scratch.
Let’s face it. We all know that it can be pretty pricey to start your first franchise investment. However, there are always some investments that are more affordable than others. That means that you might not even need that much capital to get into the franchise game.
Want to make your franchise investment dreams come true? Thankfully enough, we’re here to help. If you’re thinking about starting a business, take a look at our helpful list of 10 affordable franchise opportunities that you can purchase.
The best part is that every single franchise on our list has a maximum fee of $50,000 or under. As if that’s not enough, each one requires an upfront payment of less than $110,000 as well. Sounds good to us!
What to Expect From Your Franchise Investment
Don’t know what to expect from your franchise investment? Fortunately, there are tons of perks to investing in a franchise over starting one on your own. First of all, you don’t have to worry about drawing new customers into your place of business.
That’s because your so-called “franchisor” has usually worked hard to do that for you by doing things like:
- Crafting a business plan
- Creating a company logo
- Producing ad materials
So, what do you have to do as a franchisee? We’re glad that you asked. Instead of helping start the business, franchisees join forces with the company to help out with daily operations.
Just like any other company, you’ll need a bunch of capital to purchase your franchise. Naturally, each franchise has its special requirements for initial investments as well. Not to mention that you’ve got to prepared to put a lot of time into it too.
To put it simply, you have to think about the following when you’re getting ready to make a franchise investment:
- Franchising fee
- Upfront investment
- Ongoing costs
- Personal financial health
Think that you’re up for the challenge? Read on to see which low-cost franchise is the perfect fit for you!
1. Cruise Planners
Can we be totally honest with you? Cruise Planners is truly one of the best franchises to invest in. What makes this particular franchise option so special is that it’s actually a travel organization.
As a representative of American Express, Cruise Planners is easily one of the most trustworthy cruise organizations in the nation. Another advantage is that you won’t even have to leave your home to operate this franchise. Yes, you read that right.
With Cruise Planners, you can even run this business from home. And at just under $11,000, it has a super low franchise fee too. While your initial investment may range from over $2,000 to almost $24,000, we promise it’s worth it.
On the hunt for affordable franchises? Look no further. As the brainchild of the female-centric fitness program StrollerStrides, Fit4Mom focuses on providing healthy exercise options for mothers.
Another bonus is that Fit4Mom has one of the lowest startup prices on the market. In addition, they have super flexible schedule options as well. So, what does it take to become a Fit4Mom franchisee?
In a nutshell, you’ll have to hire your own exercise instructors to lead your:
- Stroller Strides Class
- Fit4Baby Classes
- Body Back Classes
- Stroller Barre Classes
- Fit4Mom Run Club
And get this. You can even run your Fit4Mom franchise in your local community as well. Plus, coming to work on your own time is a no-brainer.
With a low-cost franchise fee of between $5,500 and $10,000, you’ll have more than enough money left over. Also, initial investments start as low as just over $6,200, which is practically a steal!
Have you ever heard of Chem-Dry? If not, then you’re missing out on a valuable franchise opportunity. With Chem-Dry, you’ll have no shortage of customers looking for carpet installation services.
Started in the late 1970s, the original organization began as a simple carpet cleaning business. Nowadays, Chem-Dry helps potential franchise owners like you build a successful business as well. Intrigued?
To be quite honest with you, becoming a Chem-Dry franchisee varies in terms of upfront investment costs. Despite this fact, you can usually get started for less than $56,500. Of course, the includes your franchise fee too.
If you don’t have that kind of money lying around, that’s fine. Luckily for you, Chem-Dry offers a financing program to get you on your feet. How can you beat that?
Admit it: we’ve all heard of the popular Jazzercise fitness program. Created in the early 1970s, Jazzercise has moved way beyond funky music and leg warmers. As a matter of fact, they’ve made a comeback with their trendy exercise and dance classes.
Like any other franchise opportunity, you’re going to need to pay upfront to get started. On top of that, you need to spend time finding the perfect location too. Plus, brushing up on your favorite dance moves is practically a given for this one.
And here’s the kicker: at around $1,250, Jazzercise has literally one of the lowest franchise fees on this list. As if that’s not enough, your starting fee can be as low as $2,500 as well. With so many perks, it’d be crazy not to invest in this one!
5. Stratus Building Solutions
Are you familiar with Stratus Building Solutions yet? If not, allow us to enlighten you. For starters, Stratus Building Solutions is all about bringing a sustainable focus to the janitorial industry. In case you didn’t know, this organization contracts their janitors to cleans everything from:
- Office buildings
- Retail shopping centers
Here’s the thing: Stratus Building Solutions is unique because they offer potential franchise owners several options for buying a franchise. The best part is that they’re both affordable, especially the option geared toward those with limited capital.
That means that you might only need a net worth requirement of $5,000 to get approved for franchise ownership. Have more money to throw down upfront? Try getting financed for your franchise, inventory, and equipment fee.
6. SuperGlass Windshield Repair
Don’t have a ton of time for training? Then we highly recommend that you think about investing in SuperGlass Windshield Repair. Pro tip: it only takes a couple of weeks to train and learn everything you need to become a thriving franchise owner.
Founded in Orlando, Florida, SuperGlass Windshield Repair has locations all around the world. Besides this fact, it’s also one of the cheapest franchises to buy on this list. With a focus on service on the go, this particular franchisor knows how to keep up with customer needs.
And check this out. SuperGlass Windshield Repair has really affordable overhead and startup costs too. With a franchise fee of $5,00 and an initial investment of about $18,700, you should be good to go.
7. Mosquito Squad
Think about it this way: we can all agree that mosquitos are some of the most annoying creatures on earth. Throw in the fact that they’re bad for your health and you’ve got a successful business idea.
Founded a decade ago, Mosquito Squad is known for stopping pests in their tracks all across the country. Since they began, they launched more than 200 branch locations. They also raked in $50 million in sales revenue along the way.
If you’re still not impressed, then consider this. Mosquito Squad has a pretty affordable franchise fee of $15,000. In addition, they also have an initial investment fee of just over $!7,000.
But don’t worry, Mosquito Squad’s close partnership with a third party lender who can easily offer you finance options!
8. Pillar to Post Home Inspectors
Ever thought about investing in Pillar to Post Home Inspectors? With over 500 branch locations in the United States and Canada, Pillar to Post Home Inspectors is a fantastic opportunity for franchisee newbies.
Although this home inspection business began in the mid-1990s, it’s already become the partner of choice for many real estate companies. It doesn’t hurt to give this franchise a shot, especially since they’re celebrated for their excellent work benefits, life balance, and business model.
Here comes the fun part: Pillar to Post Home Inspectors requires future franchise owners to put down a fee of almost $22,000. Then, you have to have more than $36,000 as an initial investment. But clearly, you’ll make this money back in no time.
Want to know what your business is worth? Start by taking a look at your yearly sales results to find out!
9. Property Management Inc.
Want to learn about the real estate industry? Honestly, there’s no better way to do that than by making a franchise investment in it. Meet Property Management Inc.
Since a good portion of Americans rent instead of own their homes, there are always a ton of new customers lining up for property management companies. With over 200 branch locations throughout the company, Property Management Inc. gives franchisees the marketing, training, and technology they need to get started.
Guess what? You don’t have to be a rocket scientist to get into the property management sector either. That’s because Property Management Inc. spends a lot of time training all of its franchisees.
Besides, it only takes $15,000 to put down as a franchise fee as well. Add your initial investment of around $21,200 to the mix and you should be good to go.
Don’t like answering phones all day? Pro tip: outsourcing inbound calls saves you both time and money.
10. Soccer Shots
Last but not least, there’s Soccer Shots. For those who love the outdoors, fitness, and kids, Soccer Shots is the way to go in terms of franchise ownership. Started in 2005 by pro soccer players, this unique franchise has over 350,000 children on its client list.
Plus, Soccer Shots has an astronomical growth rate, which means that you won’t have to be concerned about going out of business anytime soon. Although this franchise has limited locations, you could be in luck if you live in the western or central United States.
That’s not all. In spite of a steeper franchise fee of $34,500, Soccer Shots offers franchisees a financing plan that they can’t resist. As long as you can afford the initial cost of more than 41,000, you’re set!
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Interested in Investing in Franchises?
Are you interested in investing in franchises? We got your back. From Cruise Planners to Soccer Shots, we’ve got everything you need to find an affordable franchise option.
With our handy guide, finding the right franchise for you shouldn’t be a problem at all. Good luck!
Want to get a competitive quote on your business franchise? Don’t hesitate to compare quotes today!