Buying a franchise can help you realize your dream of business ownership, but with thousands of options available, it can be challenging to make the right choice. Investing in a franchise under $20,000 can be a great option, particularly for a husband-and-wife team looking for time freedom and flexibility. From pet care services to senior care franchises, here are a few of the best franchises to invest in under $20,000.
Pet Care Franchise
Pet care franchise opportunities can provide a low-cost way to invest in a franchise. Dog walking and pet sitting can become a lucrative business to work on part-time or alongside other work. Dogtopia, for instance, is one pet care franchise that you can invest in for just $19,000. This business opportunity combines day care and overnight lodging and spa services with access to Dogtopia University, a franchise-wide training program for both dogs and business owners.
Senior Care Franchise
For those looking to make a meaningful difference in people’s lives, a senior care franchising opportunity might be the right fit. At just under $20,000 for the initial franchise fee, Griswold Home Care provides a great opportunity to get started. This franchise specializes in non-medical in-home care, with a particular focus on seniors. Clients are provided the option of hourly visits or 24-hour care, depending on their needs.
Smoothie Franchise
Smoothie franchises are a great option for fast casual restaurants at an affordable cost. Smoothie King, for example, is one of the top franchising opportunities in the smoothie industry, with an initial franchise fee starting at just $15,000. As one of the first major smoothie franchises, the company has a long history of success in the industry, and franchisees benefit from ongoing promotional and marketing support.
Fast Casual Restaurant Franchise
If you’re looking to take a more traditional restaurant franchise approach, take a closer look at fast casual restaurants. Firehouse Subs, for example, is a favorite throughout the United States and can be purchased for a $15,000 franchise fee. This franchise offers the convenience and high-growth potential of a fast-casual restaurant as well as the assurance of a reputable brand. Franchisees benefit from extensive training and operating systems to help their business succeed.
Franchise Consultants
If you’re still not sure what business to invest in, you might want to consider hiring a franchise consultant for professional advice and guidance. International Franchise Professionals Group (IFPG) is one of the leading franchise consulting groups, with more than 1,300 franchisors, franchise consultants and vendor members working together to guide aspiring business owners through the process of identifying and investing in the right franchise.
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