Top Five Least Expensive Franchises
Franchise opportunities aren’t just for the well-funded; many affordable franchises cost under $25,000. Franchises start-up costs are approximate and may change, but here are five of the cheapest franchise opportunities around:
1. Cruise Planners/American Express. This cruise and tour travel agency is a low-investment business that needs less than $10,000 in capital. Like many of the low-cost franchise opportunities, this is a home-based franchise and can be full- or part-time. Franchisees make money by selling cruises to travelers and making commissions off the sales, as well as on sales of additional features like trip insurance and shore excursions. Cruises are big business, and millions of Americans embark on them every year.
2. Jan-Pro Cleaning Systems. Jan-Pro provides commercial cleaning services, and franchises require only $1,000 in capital. The commercial cleaning industry touts itself as recession-proof, and office buildings are the top commercial cleaning clients.
3. Jazzercise. The fitness franchise that blends aerobic exercise with jazz dance, can be started with just $3,000 and offers two types of Jazzercise franchises. With an instructor franchise, entrepreneurs can enroll in a training program to become Jazzercise-certified training instructors and teach Jazzercise classes. With a business franchise, entrepreneurs own the classes and manage a team of instructors who teach these classes. Jazzercise also offers specialty junior classes for kids to attract different audiences.
4. Proforma. This business-to-business (B2B) franchise provides printing services, such as forms, business documents and promotional products. Franchisees act as salesman, explaining the different products to potential clients and showing them which would be best for their particular needs. Franchisees have the actual printing done by printers hired by the franchise. Proforma franchises can be based at home and started for under $20,000.
5. Disaster Kleenup International. DKI franchises specialize in insurance restoration services. Unlike many other relatively inexpensive franchises, Disaster Kleenup franchises are designed for existing contractors to expand their business as a franchisee. As a franchisee, contractors have access to a large network of connections to potential clients and mass marketing as well as shared resources. The total investment for the franchise is $33,000.
One Franchisees Story - Bill Higgins Journey From the Telecom Industry to HOODZ Franchise Owner
HOODZ offers numerous commercial kitchen cleaning services, and has established the largest oven cleaning service network in the country. While Bill’s background may not have been directly related, he appreciated the tight knit owner network offered by HOODZ and the sticky nature of the business model. In Bill’s own words, “Your customers are yours to lose.” As a new business owner, Bill also valued the guidance and structure associated with the franchise system. The model for success is available, all you have to do is execute. In October of 2015, he launched his location in central Indiana.
10 Marketing Terms Your Audience Hates
This just means you follow the best methods in your industry. But in some industries, those methods are not even defined. Plus, it reeks of pretentiousness – and that’s reason enough to eliminate it from your marketing vocabulary.
The first point I made ties into this, but you need to make sure you’ve done your research before you go ahead and sign a franchising agreement. And that doesn’t just mean from a financial perspective. There are so many other aspects in running a franchise that you need to understand before you get started. Most of this information can be found in the Franchise Disclosure Documents. Some of the most important things you should take a look at would be any legal issues the franchisor might have and the churn rate of franchises. Both of those could potentially be pretty significant red flags that might make you want to reconsider whether or not you want to open that franchise.