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Article - Low Cost Franchises for Sale
Low-cost Franchises for Sale
What does it mean for a franchise for sale to be listed under “low cost?” It usually means that the franchise fee and other start up costs add up to less than $50,000 for the minimum investment. Some may be more, some less. Generally, the total cost to get started may include, but is not limited to, the following items:
- Franchise fee
- Training plus daily living expenses during training
- Computer and software
- Marketing materials
- Grand opening marketing blitz
Plus all the support from the franchisor’s team office.
Low cost franchises can be found in a variety of industry areas, such as personal services, pet care, senior care, and children related franchise offerings. They are often home-based franchises or van-based franchises. This means your business doesn’t require the financial outlay for retail space or an expensive build-out.
You also have more flexibility to be your own boss and set your own hours. But you are usually expected to be the owner/operator and actually work in your business, so it helps to choose something you enjoy doing yourself. For example, if you are a numbers person, check out a tax preparation franchise. If you love dogs, perhaps mobile grooming or pet sitting is for you. (see Franchise Opportunities: Which is Best?, Narrowing Your List of Franchises, Home-Based Franchises)
First time entrepreneurs like to consider low-cost franchises for sale as they allow the business to start slowly, grow at a comfortable pace, and not have huge monthly overhead in commercial real estate or product inventory.
