For most people who aspire to run their own business, cheap franchises to start are like blessings. Because starting a business is risky, franchise systems attempt to lessen this risk by providing a tried-and-true formula for success. It is a prudent move for an entrepreneur to embrace this chance and leverage the resources of a more prominent firm while launching a business while companies are seeking expansion prospects and spreading out.
Many people aspire to leave their 9-to-5 jobs and establish their businesses, but many lack a strong business strategy. Growing a business from the ground up can be difficult. Therefore, they may find that exploring economical and simple franchise options is advantageous. There are numerous advantages of owning a franchise of a well-known brand.
You can benefit not just from your franchisor's tried-and-true business models but also from their well-known brand value. Furthermore, established franchises are unlikely to fail, removing the risk of beginning a new business.
You'll also get a ready-to-go customer base and an established web presence, allowing you to run your business quickly and efficiently. However, there are numerous cheap franchises to start in the US, making it tough to select the best one.
Window Medics
Window Medics is a window solutions firm founded in 2004 and is noted for being the fastest growing business in the window solutions sector. In addition, window Medics franchise options are among the most successful companies under $100,000 to buy, with over 200 locations and branches across Canada and the US.
Window Medics offers extensive continuing company support as well as marketing assistance. After a two-day training session, entrepreneurs can launch their firm without a location or prior experience. To learn more about the Window Medics franchise opportunity, call 888-329-7116 or send an email to [email protected].
Kumon Reading and Math Centers
In 1958, Kumon Math and Reading Centers began offering franchise opportunities. Based in New Jersey, Kumon Math and Reading Centers were created by Toru Kumon, a math instructor who invented a learning system. Franchisees are now expanding the same approach.
The initial investment requirement is $69,58. Franchisees are provided with extensive training as well as marketing materials and support. The Kumon method's expertise offers a steady operation as you begin your business with Kumon Math and Reading Centers.
Matco Tools
Matco Tools requires only a $7,000 investment to start this business. Matco Tools began offering franchise options in 1993, with franchisees providing clients with automotive equipment, tools, and toolboxes.
Matco Tools has over 50 franchise locations where they sell their products. Their chance also includes 72-hour training and online and offline marketing assistance.
Anytime Fitness
Anytime Fitness is one of the most popular franchise opportunities in the United States and one of the most profitable. Although not the lowest franchise opportunity available, this franchise may be purchased for less than $6,000.
In 2002, Anytime Fitness began franchising, offering 80 hours of classroom instruction and 10 hours of on-the-job training. Anytime Fitness is now extending its business globally, and they provide a wide range of marketing services, including email marketing and website creation.
7-Eleven
7-Eleven is a convenience shop franchise with a wide range of prices starting at $37,550 and rising to one million dollars. Depending on where you are, you may have to pay a different price.
7-Eleven's initial franchise cost is $10,000, including 240 hours of on-the-job training and 24 hours in the classroom. 7-Eleven mandates that an entrepreneur not have any side businesses that could obstruct their ability to successfully work on their business plan. In addition, 7-Eleven offers complete marketing assistance.
UBreakiFix
UBreakiFix is one of the earliest franchises in the IT industry, with over 550 locations across the United States and Canada. Their training programs ensure that their franchise partners have a smooth transition to success.
With UBreakiFix, a franchise may be started for as little as $40,000. UBreakiFix has been franchising since 2013 and is based in Orlando, Florida. Both training and marketing assistance are available to franchisees. Entrepreneurs, phone carriers, device stores, and other businesses are UBreakiFix franchisees.
Cell Phone Repair (CPR)
CPR-Cell Phone Repair is a franchise opportunity that is similar to UBreakiFix. On the other hand, CPR- Cell Phone Repair offers franchise prospects at a lower cost than UBreakiFix. To start a business with CPR-Cell Phone Repair, applicants will require $150,000.
Before joining the franchise program, they go through the CPR Discovery Process. This franchise program includes 40 hours of training, both on the job and in the classroom.
Merry Maids
Merry Maids franchise units can be found worldwide, including in Denmark, Hong Kong, Japan, and the United Kingdom. Based in Memphis, Tennessee, Merry Maids requires an initial commitment of up to $100,000.
Their cheap franchises to start options date back to 1980, and they offer excellent marketing and a profitable business strategy, thanks to their experience and understanding. Their training consists of 80 hours of classroom instruction, and their marketing consists of important digital and traditional marketing along with a loyalty program.
Firehouse Subs
It is an eatery franchise founded by two former firemen and has since expanded through franchising. Given that the restaurant industry is one of the most expensive, an initial investment of $94,783 is required, with a maximum of $1,090,366. This is, nonetheless, one of the most lucrative franchises to acquire. In addition, their training hours are an impressive 336 on-the-job and a modest 35 in the classroom.
RE/MAX
RE/MAX is a real estate franchise that requires a $15,000 initial franchise fee. Their real estate agents can be found in over 110 countries worldwide. The classroom portion of the training takes about 31 hours. There are options for both online and offline marketing.
Takeaway
Budget is a deciding factor for most people looking forward to purchasing cheap franchises to start. In the list above, you have some of the most successful companies that offer franchise options costing less than $100K. So, it is time to check out the options and analyze which business suits you the best.