So, while you don’t need a background in travel, you’d pay $9,800 for being New to the Industry, whereas Intermediate level has a fee of $3,195 and Experienced level has a fee of $495. With very little overhead and no inventory, Dream Vacation franchises are markedly affordable. Another source of affordability is that Dream Vacations is a home-based opportunity, based on consumer-facing and mobile-friendly websites that are customized for your business. Plus, the franchise is growing, increasing its number of establishments by over 31% in the last three years. In addition to startup costs, franchise owners should budget funds for reinvestment in the business and other fees stipulated by the franchisor.

  1. We believe everyone should be able to make financial decisions with confidence.
  2. When opening any business, it’s paramount to do your research and understand that there is risk involved—no matter the classification.
  3. The dance and aerobics classes of Jazzercise Inc. do serious business.
  4. If you’re looking to purchase a franchise at a lower price point, there are options for you in a variety of industries.
  5. Small business loans are an excellent option for covering your franchise fee and up-front investments.

We are the only low investment franchise that gives agents the
choice on how fees are paid—and they can even switch plans during the year. Select what works best and
adjust to meet ever-changing internal and external factors as we discover
together what suits your business best. My Gym Children’s Fitness Center is a franchise focused on providing award-winning programs to help children develop a positive self-image and become healthy adults. Classes offer a non-competitive environment to promote physical and emotional development, with programs broken up based on the ages of children.

In addition, back in 2012 the Federal Trade Commission did enact the Business Opportunity Rule. Under the rule, sellers have to give you—the buyer—a disclosure document overviewing your potential investment before any binding agreement is made. Like Little Kickers, HappyFeet Legends International teaches pre-school children soccer skills with the help of stories, nursery rhymes and songs. These guidelines are meant to create uniformity so that each franchise is the same at every location. A smaller franchiser could be an easier entry point — so long as the company has been growing in revenue. We’ll start with a brief questionnaire to better understand the unique needs of your business.

While buying into a successful franchise comes with many benefits — including a built-in customer base, the initial lump sum needed to get started can be prohibitive for some. Most franchisers have field representatives that visit independently-owned locations to ensure operations are progressing smoothly. Even if the franchiser low cost franchises doesn’t offer an in-person visit, you will have a strong support group from your fellow franchisees. You can go to networking events (or create your own) to find new ways to market your location, hire more help, and attract more customers. Anytime Fitness is one of the strongest performing fitness franchises out there today.

low-cost franchises you can start with $15,000 or less and reap a six-figure salary

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. If you’ve ever watched HGTV and marveled at all those beautifully decorated homes, Showhomes Home Staging could be the franchise for you. The company takes vacant and other homes for sale and revamps them with temporary furnishings and accessories so that they look neat, clean, and stylish. Fountain is a comprehensive platform built for high volume hiring and retention of frontline workers. Powered by AI and automated workflows that are specific to an organization’s needs, Fountain creates a seamless applicant experience that saves hiring and operations teams time and resources.

Starting and running a business, including a successful franchise, requires a lot of planning and preparation to minimize your risk of failure. A franchise royalty fee depends on the franchise, but you might expect a typical royalty fee of 5-6% of your revenue. Keep in mind that royalty fees are paid in addition to initial investment and franchise fees, as well as other potential fees.

Some companies have seen unprecedented growth or are particularly driven to grow. They’re actively looking for new opportunities because they’re still in the initial stages of expanding their reach. Popeyes is consistently one of the top franchises to own in Entrepreneur’s Franchise 500 Rankings. It’s a well-known fast-food brand with a global presence, strong advertising strategies, and well-developed core philosophies. Be sure to check whether your target franchiser wants to open a location in your area. When selecting a franchiser, take a look at the support systems they’ve put in place to ensure their new location is a success.

Potential disadvantages to running a low-cost franchise

It’s just like a down payment on a home, and the SBA will finance the remaining cost of the project with a 10-year note. Businesses with a brick-and-mortar footprint and real estate requirements cost more than home-based businesses. When you employ a large workforce or you have physical inventory, the costs add up. Here are the top franchises that can be started for less than $50,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $100,000 and less than $150,000. It’s also worth noting that simply because franchises currently have more federal regulation than other business opportunities doesn’t mean that they are without risk.

The 15 Best Franchise Opportunities of 2022

That does come at a premium cost, such as franchise fees and ongoing royalties paid out to the franchisers. However, you will see a high return-on-investment once new customers begin walking in almost immediately after opening the location. If you’re going to own a store, then you’ll quickly realize how important signage is. With more than 600 locations, the Texas-based company offers opportunities for entrepreneurs to get involved with this high-visibility “visual problem-solving” company both in the U.S. and abroad, too. There are franchise opportunities throughout 49 states (sorry, Montana) and plenty of room to grow. Group workout studios are a booming business for the fitness franchise market.

McDonald’s might be our top franchise in 2019, but a single restaurant will cost over $1 million. Other famous fast-food franchises like Chick-fil-A might cost less (just $10,000), but they’re incredibly competitive and the company doesn’t let you own the restaurant. Hopefully, one of these 24 franchises proves the right combination of safety, profitability and accessibility. Kinderdance International Inc. offers education through dance programs. Franchisees can teach at community centers, preschools and child-care centers, which allows you to skip on construction costs. Town Money Saver franchises distribute monthly, direct-mail advertising flyers to homes and businesses, which includes coupons that customers can use.

A survey by Coldwell Banker Real Estate found that staged homes spent half the time on the market than ones that weren’t staged and sold for more than 6% above the asking price. “I have a wife and three kids, so the price was very important to me,” he said. For $15,000 Caramusa says https://1investing.in/ he bought “a complete turnkey business.” The investment included equipment, training, ongoing support from the franchisor and two accounts to get started. “The financial risk was pretty minimal, so I knew I could make my money back even if I didn’t stay with the business,” he says.

Fit4Mom currently has more than 310 franchise owners, and it’s specifically designed for moms who want to get back to work after having kids. This franchise opportunity enables mothers to lead pre- and post-natal health and wellness programs within their own communities and on their own schedules. A franchise doesn’t have to cost millions to be profitable and create wealth.

SuperGlass Windshield Repair‍ is a high profit franchise

The franchise fee is $5,000 to $17,500 plus an initial investment of $18,685 to $84,205. SuperGlass Windshield Repair provides franchisees with the opportunity to run a profitable business after only a few weeks of training. If you’re interested in starting a new business but don’t want to start from scratch, a franchise may be just what you’re looking for. Franchises offer built-in support for new franchisees, both with business operations and marketing. Plus, the upfront costs of starting a franchise are often relatively low as compared to the costs of building a brand new business. These benefits and others make franchising an attractive option for many budding entrepreneurs, but remember that business ownership still always comes down to putting in the work.

Anago Cleaning Systems unit franchises provide regularly-scheduled office cleanings and periodic commercial cleaning services. Initial investment costs in a franchise can be pricey, especially if you are buying a well-known profitable business like Dunkin’ or McDonalds. For smaller franchises, you’ll still have to shell out thousands up front.

As a potential franchisee, you can invest under $20,000 all the way up to $100,000. If you want to start with a higher investment, this franchise provides finances in-house to help you to raise the initial franchise fee for inventory, equipment, hiring and other startup costs. Help-U-Sell is a fee-for-service real estate franchise that’s been in business for more than 40 years and has more than 100 franchise offices in 26 states. The premise of its services is to help consumers save money by avoiding traditional commission fees charged by real estate agents.

This successful franchise with low startup costs is a fitness business that focuses teaching  moms to work out. This is a fun way to help new moms improve their fitness without having to arrange for babysitters. Most people want to become business owners, but it can be overwhelming doing everything from scratch. Owning a business outright means that you’re responsible for all tasks – from marketing to hiring staff.