Are you tired of your corporate career and feel unfulfilled? Are you looking to transition into business ownership? If so, franchise investing may be the perfect option for you. Franchises provide an established business model and continued support from the franchisor, making them an incredibly low-risk endeavor.
The International Franchise Professionals Group (IFPG) have put together this guide to the most profitable franchises under $100,000. Here, we’ll discuss the seven best franchise opportunities available today and walk you through why each one would make for a great investment.
First, let’s answer the all-important question: What exactly is a franchise? In short, a franchise is a business model in which the franchisor (the business that owns the rights to the franchise concept) grants the franchisee (the investor who pays for the right to operate the business) the right to operate a business using the franchisor’s trademark and business system.
Franchisees typically pay an upfront fee to the franchisor for the right to operate the business, as well as ongoing fees in exchange for access to the business system, branding, and ongoing franchise support. The benefits of investing in a franchise include a low-cost entry and the ability to benefit from the franchisor’s business expertise.
Now, let’s take a look at some of the most profitable franchises under $100,000.
1. Noom: Noom is a leader in health and wellness coaching. Noom offers franchisees a comprehensive business model, with robust technology solutions, digital marketing campaigns, and easy-to-follow coaching plans. This business is perfect for investors who are looking to get involved in the health and wellness space and help people make lasting behavior change.
2. MaidPro: MaidPro is a low-cost franchise system. Franchisees are able to manage their own teams of maids, providing reliable cleaning services to residential and commercial customers. With a low overhead and quick return on investment, MaidPro is perfect for those who want to break into the world of business ownership without going into debt.
3. Signarama: Signarama is a full-service sign franchise system with storefronts across the United States and worldwide. Franchisees are provided with a wide variety of services, from design and engineering to installation and marketing. Signarama makes a great choice for investors looking to break into the world of signage and branding.
4. Cruises Inc.: Cruises Inc. is a cruise travel agency franchise. This franchise is perfect for those with a passion for travel and who have always dreamed of owning their own business. Cruises Inc. provides franchisees with access to a systematic bookings platform, marketing support, and a wide network of travel agents.
5. Blinds To Go: Blinds To Go provides custom blind installation services. Franchisees benefit from an experienced team of experts, as well as from a variety of helpful technologies and services. Blinds To Go is great for investors who are looking for a low-cost way to break into the world of custom home improvement services.
6. Wine & Design: Wine & Design is an art-entertainment franchise that provides painting classes and other creative workshops. This franchise is perfect for those who want to provide creative experiences and unique events, while also developing their own brand. Wine & Design offers franchisees the opportunity to own and manage their own events, workshops, and stores.
7. Kona Ice: Kona Ice is an easy-to-operate, mobile frozen beverage franchising business. Franchisees are able to own their own fleet of vehicles that serve up delicious shaved ice creations. This franchise is perfect for those who want to invest in a business that offers low start-up costs, and quick returns on investment.
These are just seven of the most profitable franchises under $100,000, and as you can see, there are plenty of great options for aspiring business owners. All of these franchises provide a low-cost way to break into the world of business ownership. Before you make your decision, make sure to research the franchisor, as well as the industry, to ensure that the franchise is the right fit for you.
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