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Low-Cost Franchise Businesses Give Options for Buying the Right Franchise at a Cost You Can Afford

Written by: Candice Clem

Article Overview: Many entrepreneurs exploring the expanding world of franchising may not have significant resources to spend on popular franchises, which can carry a price tag of several hundred thousand dollars. But there is good news for these future franchisees! Increasingly, low-cost franchise opportunities are becoming available, and these opportunities are making the dream of business ownership more accessible than ever before.

Low-Cost Franchise Businesses Give Options for Buying the Right Franchise at a Cost You Can Afford

Many entrepreneurs exploring the expanding world of franchising may not have significant resources to spend on popular franchises, which can carry a price tag of several hundred thousand dollars. But there is good news for these future franchisees! Increasingly, low-cost franchise opportunities are becoming available, and these opportunities are making the dream of business ownership more accessible than ever before.

The cost of a franchise, including initial setup investment and continual expenses, varies dramatically by industry. It can range anywhere from under $50,000 for franchises including some home-based options such as personal care and business services to $200,000 -$300,000 for some auto repair franchises, up to $1,000,000 for fast food restaurants, up to $3.5 million for full service restaurants, and as high as $4 to $6 million for lodging franchises.

Despite the potential for success of many of these popular business franchises, oftentimes those seeking franchise opportunities simply do not have the money to invest. Yet, few realize that numerous franchise opportunities exist that are well within the reach of even the most modest budget. And with the explosive growth of the franchise industry, those looking to purchase a franchise are not limited by their budget to only a few business interests.

Entrepreneur.com recently released its 2007 list of the top 100 low-cost franchise opportunities. In order to make the list, the franchise had to offer entrepreneurs an entry option that would cost less than $50,000. While some franchises only offer “conversion options,” meaning that the potential franchisee needs already to own a business and then that business could be converted into a franchise, the Entrepreneur.com list excluded these from its top 100 list.

Perhaps most surprising about the top 100 is the range of business interests represented. In fact, under-$50,000 franchise businesses are available in each of the following industries:

* Automotive
* Business Services
* Children’s Products & Services
* Financial Services
* Food/Quick Service
* Food/Retail Food Sales
* Food/Full-Service Restaurant
* Health Care
* Home-Improvement Products and Services
* Maintenance
* Person-Care Businesses
* Recreation
* Retail
* Service Businesses
* Tech Businesses
* Training

What are some low-cost franchise opportunities that are out there? Here is just a short listing of some of the many options available, along with a brief description of the product or service provided and the startup cost range.

Made in the Shade Blinds
With a total investment capital requirement of just $9,500 - $14,500, Made in the Shade Blinds is among the most affordable franchises you will find! As part of a $5.3 billion annual industry, Made in the Shade offers a home-based franchise opportunity to interested entrepreneurs. The concept is simply a window covering business, and Made in the Shade provides training, startup inventory, and a training manual to its franchisees.

360 Solutions
Do you love the world of professional business growth and management but want the support that comes with being a franchise owner? 360 Solutions may be the option for you. A unique franchise opportunity, 360 Solutions trains its franchisees to provide business consultation services to small- and medium-size businesses. By working with businesses in the areas of human resources development, customer relations management, and cash flow management, franchisees help small-and medium-size businesses achieve their full growth and profit potential. For a total investment capital of $10,000 to $30,000 360 Solutions offers training that includes “360 University,” marketing action plans, and a coaching and business growth specialists network.

SeaMaster Cruises
Do you love the cruising lifestyle? If so, what could be better than owning and operating your own cruising franchise business? SeaMaster Cruises combines the best of luxury lifestyle with a lucrative business opportunity. Affiliated with the Carlson Travel Network Associates, Inc., a member of the Carlson Companies, SeaMaster Cruises offers a home-based business opportunity in an industry that has experienced an average annual growth rate of 8.4% since 1980. With the incredible income-potential available in this industry, it’s hard to believe the total capital investment for a SeaMaster Cruises franchise is only $9,500. If cruising is your passion, SeaMaster Cruises may be just the way to turn your passion into your vocation.

CD One Price Cleaners
If you want a low-cost franchise that offers a service constantly in demand, then what could be better than a laundry and dry-cleaning franchise? And if you’re looking for a franchise opportunity that you can start for NO COST, then what could be better than CD One Price Cleaners?

This Chicago-area franchise offers entrepreneurs the opportunity to start their own CD One Price Cleaners business at no cost! That’s right. The company provides all of the funding for your startup business by handling site location, store construction, and equipment and inventory purchasing – in essence, investing over $500,000 into your business. Then, CD One Price Cleaners puts you as the franchisee on a “manage-to-own” path. Currently located only in the greater Chicago area, CD One Price Cleaners currently has plans to open additional stores in 2007 and 2008. So if you’re looking for the ultimate in a low no-cost franchise, take a closer look at CD One Price Cleaners.

As you can see, low-cost franchise opportunities abound in many industries. From home improvement and business services to luxury cruises, the options for purchasing a low-cost business franchise are varied, indeed. With determination and a bit of research, there is no doubt that you can find the low-cost franchise opportunity that is right for you!

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Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
Re: Info for would be franchisers... - [quote="Sebastien":2gam0klq][quote="BuzzAroundBooks":2gam0klq]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to.[/quote:2gam0klq][/quote:2gam0klq] That is really what I look for in any industry publication. We lead busy lives and when people fill their magazines with fluff, not only does it benefit no one, but it makes us truly appreciate those that don't. Thanks!


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