A low-cost franchise opportunity is worth considering if you want to start a business. It’s one of the easiest ways of getting into the business industry without having to break your bank account. In franchising, you don’t need to start a business from scratch. Everything will be provided from the brand like products, training, and store set up. All you need to do is unleash your inner entrepreneur to make the business a success.
Most franchises are extremely expensive and demand many requirements like the size of the actual store, location, etc. But some franchises are more affordable and more accessible to entrepreneurs with a limited budget. You may be able to see a low-cost chicken franchise or a franchiseknowhow.com waffles type of franchise to own under 100K.
To help you with your dreams of franchise ownership, here’s a list of the top low-cost franchises you can buy under 100K.
Sit Means Sit
Total start-up investment: $45,000 – $93,850
Sit Means Sit is a company that provides dog training services. With this business, you can take advantage of today’s growing market on pet ownership. The pet products and services have been selling by the billions every year, and there’s no sign of stopping in the years to come. This franchise allows you to run the business from home which is a very convenient and cost-effective way to start a business and eventually grow it into a larger one. As long as you have a house, a car, and a computer, you can start the business of dog training. Sit Means Sit hosts a three-week intensive training program, after which you’ll have a certificate for being a dog trainer. They offer extensive on-going support, training methods, business support and, the valuable business information they developed over years of success.
Total start-up investment: $68,453 – $85,513
Weed Man is a lawn care service founded in Canada in 1970 and began franchising in 1976. It has locations in Canada, and the USA as a master licensee of Turf Management Systems Inc., since 1996. A franchisee may start with an independent location or convert an existing operation into Weed Man franchises. They offer financing options for those who don’t have cash on the spot. They have in-house financing, or you can benefit from their many third-party sources to cover the franchise fee, start-up cost, and the inventory. They also provide excellent on-going marketing support.
Total start-up investment: $74,560 – $204,450
MaidPro is a home cleaning service business that eliminates a list of perishable inventory and substantial equipment capital costs. Because you hire employees as needed, the employment expenses won’t be very high. The cleaning industry provides a steady source of income because most customers require weekly or bi-weekly cleaning schedules. Home cleaning is essential; therefore, your customers are loyal and can’t do without your service. MaidPro is currently ranked a top franchise in terms of satisfaction, systems, software, and support by the Franchise Business Review. MaidPro has an established brand identity and proven business strategy. With flexible hours, MaidPro is the perfect business opportunity with recurring revenue.
Total start-up investment: $63,400 – $204,200
Pinot’s Palette is a place where you can enjoy a drink with your friends while having fun painting. You can open your own Pinot’s Palette paint and wine studio with small start-up capital and explore the entertainment industry with this unique concept. It’s a refreshing change from all other franchise business opportunities to allow people to escape from the routine-based life and have fun while sipping a glass of wine. It’s also a good way to reconnect with loved ones and have a bonding moment with family and friends. This business can be a game-changer in the wine industry with its added twist.
Total start-up investment: $3,245 – $21,850
Dream Vacations is one of the franchises with a meager investment. Having a travel agency has never been this simple and affordable. They offer a discount anywhere between 20% off the franchise fee to active-duty spouses, first responders, U.S. Veterans and community heroes including medical staff and teachers. Having a travel agency business is perfect for those who love to travel as they can benefit from getting the lowest or free rates. Though you don’t have to have experience in traveling, this business opportunity is excellent because travel is one of the fastest growing industries that provide long-term success.
Investing in a franchise is both exciting and scary. There are many benefits of owning a franchise because it has a pre-established brand and you don’t have to go through the ordeals of starting your own business from the ground up. It’s scary because you can get a franchise even without any background in business and be unsure as to what to do. Good thing most of these franchises offer extensive ongoing support. These companies, though, require low capital investment and will help you with your business from the start to the success of your franchising journey.