Low Cost Franchises

Buy a Low Cost Franchise

For those seeking an entry into small business ownership, looking into low cost franchises is an excellent option for starting out. The opportunities within tend to be service- or home-based, mitigating the development costs of a new business location by bringing business to clients instead of the inverse. The cleaning and maintenance category is highly represented, with brands like Merry Maids and ServiceMaster Clean. Other such services include moving, in-home senior medical care and supplemental education or tutoring. These low cost franchise options are typically very community-oriented, ideal for business owners that want to give back to others in their area.

The low entry costs and comparatively small liquid capital needed make such franchises attractive to prospective business owners. With a variety of services represented among low cost franchises, plenty of options exist to find the kind of business one would feel most fulfilled running. In particular, entrepreneurs seeking unique opportunities will find untapped potential clientele.

Starting a business is no trivial matter; even with a low-investment franchise, you have a lot to consider before and during startup. However, franchising has its benefits via having a company name and model established - this makes obtaining financing and training easier compared to a fresh independent business. If you decide to buy a low cost franchise, it’s vital that you understand your options as well as the potential challenges you face, but with the right guidance you can be on your path to success.


Sources:

  • https://franchisebusinessreview.com/page/top/top-low-cost-franchises-under-100k/
  • https://www.entrepreneur.com/article/227639
  • https://www.inc.com/guides/2010/05/start-home-based-franchise.html

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