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 franchises
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 franchises 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. Richard Weblob
7:12:15 PM
|