Liquid capital requirement: $35,000 – $65,000 Liquid capital requirement: $75,000 – $250,000 The Kona Ice truck can save you money over the long term because once the truck is paid off, no more overhead expenses are needed. Small Business Liaison. Ongoing royalty fee: 5.7% – 10% A franchise business owner is someone who owns a business under the auspices of a franchise agreement. As the #1 convenience store, 7-Eleven is seeing unprecedented growth. Ongoing royalty fees: 8-9% This means that out of all the stores that opened throughout the last five years, more than 95.4% of them are open today. Franchising is the American Dream, with a safety net. You may start with a mobile location and once successful, expand to a physical location. This article is part of a larger series on Buying a Franchise. A small business franchise offers you a chance to utilize your entrepreneurial spirit while also providing a proven business model, established brand name, and support. Net worth requirement: $300,000 – $1,000,000 It's home-based, so you don't need to factor in the cost of real estate. If any one is looking for a small business opportunity with low investment then check out INIFD Gurukul Franchise – that promises massive returns on investment with loads of franchisee benefits. What makes Fast Signs a great franchise to own is its support with “Fast Signs University.” Additionally, it’s a leader in innovative products such as digital signage, ceiling tiles, custom etched glass, and window shades. Number of locations: 700+. Liquid capital requirement: $80,000 Click a "Log in" button below to connect instantly and comment. Liquid capital requirement: $20,000 Franchising your business can be a very successful method for expansion if you take your time and do it properly. Merry Maids is a residential cleaning company. Number of locations: 450+. Initial investment: $100,000 – $585,000 Read more about our commitment to editorial independence here. You can choose to stay an instructor or become a Jazzercise small business owner. Hardee's is a subsidiary of publicly traded company CKE Restaurants, Inc., and it's one of America's premier burger brands. Initial investment: $250,000 – $350,000 @meredithlhart. This fast-casual restaurant is known for its burgers and freshly-churned custard. Not every successful business should franchise, but given the proper situation and concept, it can be an extraordinary wealth producing system for the business that is franchisable. Additionally, Kumon will pay for several first year costs (up to $36,000), such as 50% of rent, signage reimbursement, furniture, fixtures, paint, carpet, and window coverings. Initial franchise fee: $25,000 – $55,000 Liquid capital requirement: $150,000 Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Number of locations: 1,300+. New York, NY 10017. Liquid capital requirement: $250,000 It provides new franchisees with comprehensive training, and you don't need prior business or home care experience. As more people own smartphones and tablets, they will also break them, and need assistance with repairs. Determining the profitability of a franchise isn't an exact science, but there are a few factors to consider: Whether you're looking for a low-cost franchise, or ready to go all-in on a high investment franchise there are options for you. Visit FranchiseOpportunities.com to learn more about becoming a franchisee of a Pet Supplies Plus. The initial investment in a franchise can be pricey, and range anywhere from a few thousand dollars to over a million. Its stores are turnkey and you can get started within three to six months, including application, testing, and training. Franchising is a popular way to start and own a small business in South Africa. Initial franchise fee: $10,995 This quick service restaurant brand has been around for 50 years and developed financial stability and brand recognition. These partnerships help support our site so we can keep bringing you the best answers to your questions. Initial investment: $123,150 The downside of franchises can be their large upfront cost. The fitness industry also continues to grow. Net worth requirement: $300,000 You may unsubscribe from these communications at any time. The franchises listed above are seeing the largest growth in franchise locations over the past year, which is one of the key indicators of profitability. Net worth requirement: N/A And it provides support and training for real estate, operations, consulting, marketing, and more. A franchise is a chance to own your own business, hire a staff, and generate income for yourself–just like a startup. New owners get to travel to Memphis, Tennessee, for two weeks of training; one of the longest franchise training periods on this list. Blake is an award-winning consultant, writer, and speaker. Number of locations: 900+. Over its 40 years of business, RE/MAX has grown to over 100,000 agents in nearly 100 countries. The company is routinely considered one of the top cleaning franchises. 5. An important aspect of opening a franchise is the training provided. Prior to joining Fit Small Business, Blake consulted with over 700 small biz owners and assisted with starting and growing their businesses. Net worth requirement: $600,000 Get free and comprehensive information about these great affordable franchise opportunities. Number of locations: 13,000+. It has a proven operating system and gives you access to restaurant resources and a community of more than 350 franchisees who know the business. Kumon is a great franchise because of the very low franchise fee of $1,000. For small business owners, franchising is a way to expand more quickly and cost-effectively than opening further company outlets, by granting people (franchisees) the right to run their own business under your brand and systems. As a franchisee, you earn commissions on vacation plans booked through its system. What makes Sonic a top restaurant franchise is the ongoing franchisee training. Register Free . Initial franchise fee: $25,000 When purchasing a higher-priced franchise, such as Sonic, you may want to consider financing specifically for franchises. Number of locations: 1,200+. Franchising allows a business to operate under the established brand of another business. It may be a little more than $100,000 if you’re in a smaller market because you may only need 1-2 trucks with a small storage location. And, because we value transparency, we’ve chosen to provide a list of our partners. The overall investment for the franchise is lower as well because the equipment is not expensive and the classes can be done in a small environment. We only partner with companies we believe offer the best products and services for small business owners. A franchise business is a partnership between a franchisor (original business) and a franchisee (investor that seeks to buy the right to sell and use the original business’ name, trademark, concept, process, goods, and services).. Liquid capital requirement: n/a It boasts financial stability, brand recognition, and dedicated training and support — and 84% of the U.S. population lives within 10 miles of a The UPS Store. Pure Barre is a popular, boutique fitness brand with nearly 600,000 clients. Initial franchise fee: $15,000 Net worth requirement: $500,000 Net worth requirement: $150,000 The good news is that lenders like the predictability of franchises. Ongoing royalty fee: 8% Select the newsletters you’re interested in below. Ongoing royalty fee: 8% Marketing automation software. It attributes this stability to relatively low startup costs, a solid support system, and continual monitoring of store performance. hbspt.cta._relativeUrls=true;hbspt.cta.load(53, '49197c3c-3acd-4ef7-85dd-faaf29a9d709', {}); Originally published Oct 10, 2020 7:30:00 PM, updated October 15 2020, The 39 Best Franchise Opportunities to Buy & Own in 2020, Culver's Butterburgers and Frozen Custard, Dogtopia: Everything You Need to Know About This Franchise. Ongoing royalty fee: 1-3% Whereas a physical location in a strip mall will have a rent expense indefinitely. Initial franchise fee: $30,000 – $85,000 We sometimes make money from our advertising partners when a reader clicks on a link, fills out a form or application, or purchases a product or service. Annual royalty fee: $3,500 Initial investment: $55,650 – $170,500 Americans are purchasing more clothing items than ever before and sell that clothing at a resale store. CPR Cell Phone Repair is a retail store that repairs consumer electronics such as smartphones, tablets, and computers. Our convenient home-based business model benefits Franchise Owners and customers alike. But with that investment, you get brand recognition, popularity, and years of experience in the fast food industry. It offers various price points to begin a franchise and you can find the one that aligns with your budget. HubSpot uses the information you provide to us to contact you about our relevant content, products, and services. Its franchise fees vary greatly because it offers a mobile compact gym, or standard gym option. Search Business Opportunities . Orangetheory Fitness is a class-based exercise program. Two Men And A Truck is the nation’s largest moving company. Orangetheory Fitness is a quality franchise to open because it’s a quickly growing business in the popular fitness industry. Ongoing royalty fee: $34 – $38/month per student Meredith Hart With little overhead and no real-estate costs, our initial investment is significantly lower than most franchise concepts in the recession-resilient pet care space. See all integrations. Number of representatives: 3,000+. When you're evaluating a business investment, it's important to know if the opportunity is worth the money. Liquid capital requirement: $70,000 It has invested heavily in market research to provide customers with the best service and experience. The key points the list looks at are the midpoint (average) initial investment, the franchise's growth rate over the past five years, and the number of franchise locations, or franchise units. If you want golden arches of your own, you'll need to put in a hefty initial investment. Net worth requirement: $100,000 – $200,000 This article is part of a larger series on Buying a Franchise . Facebook The other party to the relationship — the franchisor — provides the system which serves as the blueprint for success, and provides ongoing support such as advertising and marketing. Though it includes a list of franchising companies, they are not affiliated in any way with the website. RE/MAX Franchise fee: $15,000 to $32,000 If you're looking to purchase a franchise at a lower price point, there are options for you in a variety of industries. Ongoing royalty fee: 7% After your initial investment and depending location and whether you're buying or leasing property, you can expect your restaurant to open in eight to 18 months. Initial franchise fee: $59,950 SuperGlass Windshield Repair has been operating for 30 years and specializes in the repair of rock damaged and cracked windshields. Net worth requirement: $160,000 – $400,000 It’s less risky than going out on your own because you can leverage the audience of an established brand and use its proven business model. When you click on links to those sites, our company makes money. The best franchises for new business owners are those they can start small and grow big. Dream Vacations is a home-based travel agency franchise with no overhead or inventory — this keeps the cost of initial investment low. Initial investment: $15,000 To get access to over 10000+ Franchise Business Opportunities. Initial Franchise Fee: $1,250; Total Investment: $2,415 to $3,200; Working Capital: $0 to $150; Royalty Fee: 20.0% (small business owners only) Additional Fees: $505 to $798/year for music, association fees, liability insurance The business also incorporates heart rate technology so that customers can track their level of exertion. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to … When buying a franchise, a low-cost option such as a mobile business is a great way to build a customer base before opening a physical location. by Stephen Hanlon September 9, 2020 | Franchise Information Centre, The Franchise Industry, Franchise Direct Blog While many parts of the small business community are in limbo or worse because of the devastation caused by the Covid-19 pandemic, franchising has seen a massive boom. There are several factors making Dunkin’ a quality coffee shop franchise. Liquid capital requirement: $85,000 We provide a reliable, authoritative platform that allows entrepreneurs to connect with franchisers seeking investors. Number of locations: 3,600+. Initial investment: $73,373 – $154,825 Number of locations: 360+. Initial investment: $1,240,000 – $3,540,000 Discover your future today! We have partnerships with some of the companies featured in this article. Initial franchise fee: $20,000 Kona Ice is consistently one of the top-rated ice cream franchises, though its shaved ice. Net worth requirement: $400,000 One nice benefit of this franchise is that employees genuinely enjoy their work. Product This is where the franchisee sells the franchisor’s product from a wholesale or retail outlet. 9Round’s franchise fee is low, which means the franchise can become profitable more quickly than other fitness franchises. Liquid capital requirement: $500,000 – $1,000,000 If you have any queries regarding a particular company, please contact them directly through any of … Initial investment: $440,600 – $1,315,200 I've compiled a list of the best franchise opportunities to select from. Although experiences vary, it’s one of the top-rated moving companies in the country. FranchiseManila.com is a guide to the franchise business in the Philippines. Initial investment: $99,675 – $143,075 Additionally, there are several unique locations to choose from with Dunkin’ including airports, stadiums, and hospitals. Blake Stockton is a staff writer at Fit Small Business focusing on how to start brick-and-mortar and online businesses. He is a frequent guest lecturer at several undergraduate business and MBA classes at University of North Florida. This music business was started in 2007 and is still growing — between 2014 and 2018, it added 70 units to its franchise system. The best answers often include products and services. Request FREE Info. Merry Maids is a top franchise because it offers 80% financing on the initial franchise fee. Initial investment: $136,900 – $259,400 You’ve started your own small business. Sonic prides itself on its diverse, and innovative menu that is constantly coming out with new items. Ongoing royalty fee: 5%, plus $1,000 monthly ad fee The branded truck provides the flexibility to sell at local events and move to areas where customers are located such as the beach or park. Employee satisfaction and retention is high at Pet Supplies Plus. As a consultant, he helped over 700 biz owners start and grow their business. This list is made available for use by Lenders/CDCs in evaluating the eligibility of a small business that operates under an agreement. YouTube, 355 Lexington Avenue, 18th Floor It is the only franchise on this list with more international than US locations with more than 24,000 locations around the world. When comparing to restaurant franchises, Dunkin’ is a leader in providing training to its franchisees. Right at Home is an industry leader in home care and its mission is to improve the quality of life for its clients. According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. There are three types of franchise: 1. Business This is the type of franchise most people know. Many owners find Cruise Planners appealing because of the ongoing low royalty at only 1% to 3%, which varies by the type of vacation plan sold. You (the franchisee) can sell their products and/or services for a specified period in return for payment to the franchisor. This is a great franchise to own because of the low royalty fee at only 2% of sales the first year and 3% every year thereafter. His expertise is featured across Fit Small Business in starting a business content. The UPS Store is the top-ranked franchise in the business services industry. Fortunately, for many of the franchises above, you can choose a low-cost franchise, get the necessary training and experience, and when ready, grow big. This bakery is unique because, despite being a franchise, it has a "Mom and Pop shop" feel. The business offers multiple revenue streams: bar classes and active wear. These are usually very successful, as compared to a traditional startup. Cruise Planners is a cruise planning agency. Net worth requirement: $150,000 Twitter People are looking for fun and unique workouts. Initial franchise fee: $45,000 Two Men And A Truck is also an affordable franchise. Here are the criteria used to evaluate 3,300 franchise brands: Below are some of the top picks from the best franchises to buy list. Starting a franchise business offers you the independence of running a small business with seriously reduced risks. Initial franchise fee: $30,000 Small Business Trends. What is a Franchise Business? Number of locations: 1,500+ (in US). InXpress is a business-to-business, home based franchise in which franchisees sell global shipping and logistics services to small-and-medium sized businesses (SME). What makes Great Clips a great franchise to buy into is the relatively low-cost investment. Small Business Franchise Opportunity Guide Small business franchises come in many shapes and sizes, from nationally recognized household names to locally grown niche businesses. Liquid capital requirement: $42,500 – $45,300 Number of locations: 600+. Franchises are one of the lowest-risk businesses to open. Cruise Planners is a travel agency that specializes in booking cruise- and resort-based trips. Pet Supplies Plus is a retail store that sells pets, pet-related products and services such as dog grooming. Dunkin’ Donuts is a quick-service restaurant serving coffee, doughnuts, and breakfast. Furthermore, Fit Small Business never allows partners to pay us to guarantee placement within an article that isn’t clearly marked as sponsored and companies cannot pay us for favorable (or unfavorable) reviews or ratings. It boasts financial stability, brand recognition, and dedicated training and support — and 84% of the U.S. population lives within 10 miles of a The UPS Store. And the initial investment amount includes expenses such as royalty fees, real estate, and inventory costs. It has been franchising since 1983. While becoming a franchisor can require considerable expense, the capital required to grow a network of franchised locations is far less for you than achieving the same number of company-owned locations. It was rated #1 in customer loyalty by Brand Keys Customer Loyalty Engagement Index. Liquid capital requirement: $30,000 Initial franchise fee: $40,000 – $90,000 As the franchisee you have the right to use the franchisor’s intellectual property in your business. Its core customers are females age 12 to 24. After five years of being a franchisee, the typical owner will open another five to six locations. It also has a team of creative and marketing specialists to assist you, including designers, animators, marketers, and social media experts. If you can start a reputable and quality moving company, you are likely to find success. 2. Net worth requirement: $150,000 2019 Franchise 500 Ranking: Franchise Information from Entrepreneur.com - Page 1 Once signed up with the Kona Ice franchise, its equipment support staff is available 24/7. Initial investment: $109,700 – $1,637,700 (real estate additional cost) But which franchises are best suited for your budget and skill set? In fact, it is likely to have more sales during a recession because shoppers are looking to be frugal. Maybe you've even considered purchasing and owning one yourself. It’s the most effective merger of large-organization efficiency with small entrepreneur motivation ever devised. JAN-PRO is a commercial cleaning franchise whose clientele is other businesses. Ongoing royalty fee: 2-3%, plus $3,000 monthly ad fee Additionally, the moving industry can be easy to start a business in because of the negative online reviews and overall poor reputation of moving companies. In addition to small business marketing materials it provides high-end commercial signs as well.
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