You do not need to have a ton of money to start a business anymore. Today it’s possible to launch a new franchise with less than $250,000 in capital, some of which can be borrowed. (If you have a home, you may be able to use it as collateral to finance a new business.) Franchises are a great way to start a business because they give you a proven framework for success. The Franchisor is there to support you, and it wants you to succeed just as much as you do.
This Year’s Top Low-Cost Franchise Opportunities
Marketing is essential for every new business owner. It does not matter what you are selling or what services you offer; if you cannot find customers you have no chance of success. Luckily, you can always work with a professional franchise marketing agency so that you can market your businesses.
Here are some of the franchise businesses that have a proven track record of helping new entrepreneurs become successful in running their own businesses:
The Flying Locksmiths
When was the last time you locked yourself out of your house or car? There is a market for lock picking services that is thriving in every city of every country. People tend to be forgetful. Sometimes we need help, so we call a locksmith. You can take advantage of this tendency by opening up one of these franchise services in your own home town.
How Much Do You Need to Start?: As low as $180,000.
Burn Boot Camp
The fitness industry can be quite lucrative as long as you target the right demographics. That’s why this women’s fitness camp is such a great investment. You do not need a ton of startup capital, but the payoff could be enormous.
How Much Do You Need to Start?: As low as $150,000.
The education industry supplies a reliable industry if you can create a good product. That’s why these educational toys are such a popular item currently. It also happens to be one of the least expensive franchises to start.
How Much Do You Need to Start?: As low as $40,000.
Finance is one of the fastest-growing sectors of the entire economy. Today it is possible for you to start your own lending business. You do not even need that much money to begin.
How Much Do You Need to Start?: As low as $30,000
People are always going to need to get their hair cut. The best aspect of this franchise is its atmosphere. Anywhere that you go in the country you can find one of the stores. Yet, it manages to retain its small-town feel each time you walk through the doors.
How Much Do You Need to Start?: As low as $149,000.
Board & Brush Creative Studio
Wooden signs are making a comeback. They were popular 100 years ago and are making a new tour through the public consciousness. This is a franchise that seeks to capitalize on this opportunity. If you are the creative type, you will love one of these franchises.
How Much Do You Need to Start?: As low as $65,000.
Have you ever dreamt of owning a mortgage brokerage? If so, then this franchises the answer for your wildest dream. Become the owner of a local mortgage broker by opening one of these franchises.
How Much Do You Need to Start?: As low as $52,000.
The Patch Boys
Do you have a hole in the wall? That is because they have not seen one of these franchises yet. Take advantage of all of the work available throughout the country by opening one of these stores in a city near you.
How Much Do You Need to Start?: As low as $48,000.
Finally, this is another great chance for you to take advantage of our economy’s education sector. As stated previously, it is a great source of reliable income. Plus, you can support the education of young children all across the country.
How Much Do You Need to Start?: As low as $71,000.
Franchises for Beginners
It does not need to be difficult to become a business owner anymore. In fact, you do not even need to have a ton of money. As long as you are willing to take the risk and find the financing, you can become the owner of a business by purchasing a franchise. It represents one of the best ways for you to expand your income without having to work more hours. Each business represents one more opportunity to generate additional revenue.