“Do I need to have a lot of money to start a franchise?” is one question many people ask themselves when considering buying into a franchise. The answer is no! There are plenty of low-cost franchises that provide excellent opportunities for beginners. This article will talk about six different franchises you can start with and still make money!
Why do people buy into it?
The truth is that it’s a lot easier to buy into someone else’s business than starting one from scratch. But what are some of the other reasons people turn to the franchise as their chosen path for entrepreneurship?
A franchise can provide you with an opportunity to take over something already successful and make improvements or changes where needed. Also, when starting, there will be ongoing support in areas like marketing, employee training, website design, etc. which may not otherwise be available if launching on your own.
Another benefit that you will enjoy is that you have access to all sorts of resources like strategic planning tools, purchasing power, and company trademarks/logos, among many other things
The last and most important thing is that franchises offer low startup costs but still come with high potential for return. Many low investment franchises are not only affordable but also offer a high return potential. With as low as $20,000 and less than three months, your franchise can be up and running. Some of the franchises you should consider buying include;
The UPS Store
This franchise provides franchisees with the opportunity to run their shipping and mailing business. Franchisees will be trained in mail handling, computerized equipment use, and more. The UPS Store is a good option for those who want to start small but still have room for growth over time. Buying ranges from $50,000 to $150,000.
The International House of Pancakes
The International House of Pancakes offers affordable franchises compared to other famous food chains such as McDonald’s or Burger King, which cost around $750K each. IHOP restaurants offer an inexpensive way for new entrepreneurs looking into franchising opportunities to own one by buying it within a range of $129,000 to $465,000.
Chick-fil-A
If you are looking to start a successful business with a low startup cost, Chick-fil-A has one lowest. With an investment that can be as little as $150,000 (including land) and with no significant safety hazards attached to this type of franchising opportunity, you could start your franchise soon after learning about it!
The best part is that once all the papers are signed for your new business venture – including first-hand training from corporate headquarters on how to make good food and run operations at peak efficiency – Chick-fil-A will cover everything in terms of getting started. That includes restaurant design fees ($15K-$25K). All costs associated with equipment purchase or leasing ($300-$500 per year) shall be borne by Chick-fil-A.
Subway
Subway is a fast-food restaurant that offers sandwiches.
At Subway, customers create their sandwich by choosing from an assortment of bread and meats, including roast beef, tuna fish, ham, turkey breast, olive oil & vinegar dressing (or mayonnaise), lettuce (and other vegetables), and condiments such as olives or jalapeno peppers. Subway’s menu includes breakfast items like oatmeal or eggs with cheese, salads; cookies; fudge brownies.
Investing in Subway is a low-cost franchise.
Subway is one of the most recognized and successful franchises in history, with more than 44,000 stores worldwide and $23 billion in global sales.
The initial investment to open a Subway restaurant ranges from about $116,800 to $138,500 (depending on location) for your first store–a small price tag for such enormous potential returns!
Dairy Queen
Buying the Dairy Queen franchise can be an excellent low-cost way to get started. This has been one of the most popular ice cream chains in the US since 1940.
The franchise costs about $75K plus fees for rights from Dairy Queen, which is much lower than other franchises like Papa Murphy’s Pizza or Panera Bread that cost over $300K. Potential investors can also go through DQ University Training Program if they are new to business concepts.
Pizza Hut
This franchise is an oldie but goody, with more than 16,000 locations all over the world. You can buy into this franchising opportunity at a low cost and be able to open up your stores on any corner of America and across the globe!
The average investment ranges from $500-$850K (including Pizza Hut’s initial fee) depending on which location you want to shop in, such as rural or urban areas where prices vary due to demand.
If you’ve been thinking about starting your own business but don’t want to go through the hassle of a long-term commitment or would rather not risk it all on one idea just yet, then franchising may be for you. Franchises are an excellent way to get started in business without making a significant investment up front; they also offer benefits like training and marketing support that will help you build up your brand quickly. This article mentions examples of low-cost franchises that you can buy as an alternative path towards entrepreneurship!