Aspiring business owners are increasingly turning to franchising as a lucrative option for starting their own business and achieving financial freedom. One of the best ways to invest in a franchise is to purchase an existing franchising business –giving investors access to the brand, systems, and networks already established by a franchise network. While there are a range of franchising business opportunities available, for those with a budget of $100k or less, there are a number of great options available. In this article, we will explore the best franchises under $100k –a comprehensive guide to help investors decide which franchise is right for them.
While franchise investments from $100k and above come with a range of benefits, even those with limited capital can reap the benefits of franchising, as there are plenty of established franchises that require an investment of $100k or less. In fact, the low capital will come with certain advantages. For those who are just starting out in the franchising industry, the lower capital requirements provide more opportunity for success, as the risks are lower. This low-cost investment also allows for more options, creating greater flexibility for the investor.
When selecting a franchise under $100,000, investors should consider a few things, such as the franchisor’s history and reputation, as well as the business model and unit economics. These are key elements that can help prospective franchisees decide which franchising business to invest in.
It is also important to understand the franchisee agreement, as this will outline the responsibilities of the franchisee and the franchisor. The agreement should also detail the brand standards and any additional requirements that may need to be met. Additionally, investors should evaluate whether or not they have the necessary skills, time and resources to be able to operate the franchise.
When considering franchises under $100k, it’s important to consider the franchisor’s history and reputation. Franchisors who have a good track record, a strong brand, and a well-established network of franchisees are more likely to yield greater success than those who are relatively new to the industry.
For those investors who are just starting out in franchising, one of the best ways to get their feet wet is by investing in a franchise with a strong support system, low overhead costs, and great potential for growth. Here are some of the best franchises under $100k that investors should consider:
McDonald’s is one of the most established and iconic franchise businesses in the world. While becoming a McDonald’s franchisee requires an initial investment of at least $750,000, they also offer a self-operated store for as little as $45,000. The franchise fee for this investment is only $35,000 and there is no ongoing royalty fee.
2. Avis Rent-a-Car
Avis is a global rental car company with more than 5,500 locations in 165 countries. For those investors who don’t have a large capital to invest, Avis offers a great option. The franchisee’s initial investment starts at $50,000, and the franchise fee is only $25,000. Additionally, franchisees receive a wide range of support from Avis, such as a dedicated team of experts, exclusive access to Avis products and services, and a comprehensive training program.
3. Jimmy John’s Gourmet Sandwiches
Jimmy John’s is a well-known sandwich chain with over 2,800 locations in the United States. The company offers a non-traditional franchising option with an initial investment of $30,000. They also offer flexible lease terms and no ongoing royalties. Franchisees receive comprehensive training and access to a range of tools and resources to help them manage and grow their business.
4. Cruise Planners
Cruise Planners is the world’s largest home-based travel franchise business. They offer a mobile travel consultancy franchise opportunity with an initial investment of only $10,995. Franchisees receive comprehensive training and support, as well as access to exclusive travel deals and discounts. The company also has a network of more than 7,000 franchisees across the United States.
FastSigns is a leading provider of digital graphics, signs, and other visual communication solutions. The franchise is suitable for those who are looking for an easy-to-run business, as it does not require any prior experience or specialized skills. The initial investment is $59,930, and franchisees will receive comprehensive training as well as ongoing support and guidance as they operate their business.
For investors looking to start their own business but have limited capital, franchising under $100k is a great option. There is a wide range of established franchise businesses available, ranging from global giants such as McDonald’s to niche, local businesses. Before investing, it is important to carefully evaluate the franchise agreement, as this will outline the responsibilities of both the franchisee and the franchisor. This article has outlined some of the best franchises under $100k and we hope that it has helped those looking to invest in a low-cost franchise.