Multi-Unit Franchise Experts

A franchise agreement document for one of the best franchises to own under $20k.

FAQs: What is the Cheapest Franchise to Open?

Are you a stay-at-home parent looking to re-enter the workforce on your own terms? Franchising is a great way to realize that dream, offering the opportunity to leverage the established brand and support system of an already successful business model. Before jumping in, however, it’s important to understand the financial investment required to open a franchise. To answer the question of “what is the cheapest franchise to open?” prospective franchisees have to consider the startup costs for different business models as part of their overall budget.

The International Franchise Professionals Group (IFPG) is a membership-based network made up of more than 1,300 franchisors, franchise consultants and vendor members. Together, our members collectively guide aspiring franchisees and investor-entrepreneurs as they navigate the process of discovering and investing in different business franchise opportunities. Our goal is to provide a holistic and informed approach to franchising that is driven by the shared values of integrity, ethics, and collaboration.

Startup Costs for the 13 Cheapest Franchises in the US

The cost of starting a franchise varies greatly, ranging from several hundred dollars up to millions. By evaluating the most frequently asked questions about franchise costs and researching existing successful franchises, we’ve compiled a list of the 13 cheapest franchises to open in the US. This list includes a number of options – from food service to mobile services – that may meet the needs of aspiring business owners.

1. Cruise Planners

Minimum Investment Cost: $2,095

2. Jazzercise

Minimum Investment Cost: $1,250

3. Soccer Shots

Minimum Investment Cost: $1,500

4. Stratus Building Solutions

Minimum Investment Cost: $2,400

5. Lawn Doctor

Minimum Investment Cost: $58,800

6. EmbroidMe

Minimum Investment Cost: $43,250

7. Norm Reeves Honda

Minimum Investment Cost: $50,000

8. Realty World

Minimum Investment Cost: $20,000

9. Experimac

Minimum Investment Cost: $149,900

10. Pool Scouts

Minimum Investment Cost: $54,850

11. Great Clips

Minimum Investment Cost: $150,500

12. Dickey’s Barbecue Pit

Minimum Investment Cost: $150,000

13. F45 Training

Minimum Investment Cost: $80,000

Other Considerations

In addition to the initial investment cost, prospective new franchise owners should consider the ongoing costs associated with ongoing franchise operations and maintenance. Many popular franchise brands require a percentage of sales to go back to the franchisor, as well as communal advertising and marketing fees. Beyond these variable costs, each franchise also has requirements for customer service and maintenance as set out by the franchisor.

Finding the Right Franchise for You

When it comes to finding the right franchise for you, it’s important to dig deep and do your research. Consider the upfront costs associated with each particular franchise and compare them with the available financial resources. Consider the type of work you’d like to do, along with the long-term goals for the business. Review the operational documents so you can understand the obligations and requirements set out by the franchisor and make sure you’re comfortable making a long-term commitment. Every brand requires a different approach to finding success, so it’s important to understand what you need to do to make your business successful.

Be sure to leverage the expertise of the IFPG franchise broker group to find the right franchise opportunity for you. We are committed to providing a personalized experience to help you identify the perfect franchise for you, as well as the best avenue to financial freedom.

Topics:

Franchising,

Franchises,

Investment Costs

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