Putting up a new business can be a daunting task, particularly for first-time and amateur entrepreneurs. . Any new business can have risks. There’s every chance that your new business might fail or may not do quite as well as you anticipated. However, these risks are lowered if you run a business with a proven business model and an existing demand product. Franchising lets you have a business while all of the major questions and the mistakes that you would have done are made by someone else—the franchiser. Hence, starting entrepreneurs can give themselves a greater chance of success by investing in a franchise.
If you’re thinking of buying a franchise, this list of top franchise choices is a good place to start. This list includes franchise choices with an initial investment of $50,000 or less, which includes the franchisee fee and other requisite costs to startup your business. It is important to note, however, that these low-cost franchise choices may have a minimum investment of $50,000 or less, but their average or maximum investment may be higher.
Franchises with an initial investment of less than $50,000 will often be home-based and will have no major cost factor associated with constructing or leasing a brick-and-mortar storefront. Most service-based franchises are also low-cost as they need little equipment or inventory up front.
If you’re into dancing and exercise, this franchise might be the one for you. Open up a Jazzercise fitness center and teach dance fitness exercise–the Jazzercise way–to your local community. You may need an initial investment of $9,000 to open up your own Jazzercise fitness center, but you can pay as low as $3,000 up front if you lease a public facility to teach your classes.
I Love Kickboxing
Another low-cost fitness center, I Love Kickboxing offers a lower startup and overhead cost because the only equipment you’ll need are mats and heavy boxing bags. The company provides business and fitness trainings and an online marketing system.
Fetch! Pet Care
Fetch is a dog walking and dog sitting franchise business with a nationwide coverage. Entrepreneurs who manage their independent pet sitting business receive trainings on how to effectively manage the franchise, as well as a strong support system from the company and its network of franchisees.
Tax Centers of America
Take advantage of this ubiquitous and all too important report by putting up your own tax reporting business. The company provides franchisees annual trainings to keep them up-to-date on current laws and latest accounting software.
This carpet cleaning franchise business has a nationwide coverage and prides itself in using a green-certified, all-natural solution for cleaning carpets and upholstery. Chem-Dry franchise total investment can be as low as $40,000, but can lead up to $139,500, depending on the equipment that you choose.
ServiceMaster is a professional cleaning franchise that offers residential and commercial cleaning services together with disaster restoration for residences and offices damaged by water, fire and smoke.
Molly Maid originated in Canada and was imported to the United States in 1984. The company allows franchisees to operate a home cleaning service with targeted markets all over the US. Initial franchise fee starts at $45,000, depending on the targeted coverage area.