Lack of capital doesn't have to stop you from opening a franchise business. There are tons of low-cost franchising options available for people who don’t have the money or financing available to buy into an expensive concept like a hotel or restaurant.
What kinds of franchises could I afford?
With thousands of franchises in the world to choose from, there are a large variety of price points. If you’re interested in a franchise on the lower end of the scale, consider picking one in an industry that tends to be less expensive, such as vending, home services, tutoring, business services, travel agencies, or in-home senior care.
Why are these cheaper?
The common denominator among most of these industries is the ability to work from home, which negates the need for an expensive lease and capital-intensive store build-out.
How much do I need?
Some entrepreneurs can jump-start a new, low-cost franchised business for less than a few months of rent. Every franchise is different, but many can be established quite cheaply.
Any other benefits?
There are many other advantages to inexpensive franchises beyond the lower cost of entry. These industries are often far less bureaucratic, and offer owners greater flexibility. If you’re interested in the freedom of working from home, check out our home-based franchises.
Start low and grow
Low-cost franchises can be the ideal entry point for new entrepreneurs looking to leave their current job and become their own boss. Many franchisees start with a low-cost franchise that can be quickly expanded up.
Count up the change in your piggy bank, because you can start a low-cost franchise for less than you ever imagined!