Buying a Franchise Doesn’t Have to Break the Bank
A common misconception is that it costs an arm and a leg to start a franchise business. But, that’s not always the case. You may be surprised by how many low-cost, home-based franchise opportunities are available in various business sectors.
Low-cost franchise opportunities, or businesses with startup costs of $25,000 or less, allow you to have a great work-life balance and the opportunity to work from home. With many low-cost franchise opportunities, the financial burdens commonly associated with business ownership aren’t as much of an issue. For example, most have lower overhead and labor costs, as well as minimal inventory. This opens the door to many people who can’t afford traditional, brick-and-mortar franchises.
Here are seven areas of franchising that you can enter for $25,000 or less.
Business Consulting Franchises
Entrepreneurs who want to assist companies in improving their operations will thrive in a business consulting franchise. With a business consulting franchise, you can help businesses reduce their utility costs, improve productivity, etc. An example of a low-cost business consulting franchise is Succentrix Business Advisors. As a franchisee, you provide companies with business solutions through cloud-based systems. These services include tax preparation, accounting and payroll. Since the business can be operated remotely, overhead and labor costs are lower.
Travel Planning Franchises
The travel industry is an important aspect of the U.S. economy. According to the International Trade Administration, the travel and tourism industry generates $1.9 trillion and supports almost 10 million jobs. Even though there’s some competition with online sites like Tripadvisor, entrepreneurs have found success with travel franchises by providing white-glove services and offering deeper discounts. With a low-cost travel planning franchise, you can run a business remotely and receive special travel perks such as discounts on cruises and other trips. For under $25,000, you can invest in a travel planning business like Cruise Planners or Dream Vacations and get started in a matter of weeks.
Franchise Consulting Business
According to FRANdata’s 2022 Franchising Economic Outlook report, the franchise industry generated $787.7 billion in 2021. A key player in the industry is the franchise consultant, who helps entrepreneurs determine if franchise ownership is right for them. Franchise consultants work with prospective franchisees to find the ideal franchise opportunity that best suits their personal and financial goals. As a franchise consultant, you can be your own boss and help others achieve their dreams of business ownership. Franchise consulting companies like the International Franchise Professionals Group offer training programs to become a Certified Franchise Consultant. With average commissions of $25,000 or more, franchise consultants have the potential to make executive-level salaries.
Real Estate Franchises
Real estate franchises offer many opportunities under $25,000. You can help others find their dream home and find success in a growth industry. A low-investment real estate franchise opportunity is NextHome. The NextHome franchise calls itself a disruptor in the industry because it empowers brokers with marketing tools and streamlined processes. As a franchisee, your account with NextHome automates and integrates your listings to hundreds of websites. You will also have access to NextHome’s email marketing system and not be charged referral fees.
If there’s one thing that Americans love, it’s their pets. Annually, Americans spend billions on pet care and other pet-related products. Passionate “pet parents” and animal lovers can enjoy investing in a variety of pet care franchise opportunities. For example, Pet Butler offers businesses and homeowners pet-waste removal services. While this may not be the most glamorous business, franchise owners can feel good about making communities healthier and cleaner.
A pet sitting franchise is also a great way to start a low-cost pet franchise. With Sitter4Paws, for instance, you can launch an in-demand business for under $25,000 and be up and running a few weeks after your training is complete.
There are a plethora of child-related franchises to choose from, including tutoring services, mobile sports franchises, cooking franchises, theater franchises, and so much more. Tennis Time is a fun child-related sports franchise that you can start for under $25,000. As a franchisee with the brand, you will teach children the fundamentals of tennis. Franchisees can scale the business and work full or part-time. With a child-related franchise, you have the potential to impact children’s lives positively.
Pool Care Franchises
Many pool care franchises are seasonal and don’t require a year-round operation. With a pool care franchise, you can provide cleaning, opening, and closing pool services. As a franchisee with a pool care business, you will enjoy recurring revenue streams, including selling pool products to repeat customers every summer. This is a feel-good recession-proof business.