Starting a business from scratch has many aspects to be evaluated. A higher initial investment, overheads, and ongoing costs make the franchise an attractive option. Franchises provide a business system that assures securing profits faster than a business started from scratch. The investments in franchises can range from $1,000 to millions. The fact that a franchise comes with a proven business structure, results, and capabilities, many successful franchises require the franchisees to have access to huge liquid assets. However, there are options available for the franchisees wanting to start with a low-cost franchise that could result in a high return on investment within a short span of time.
Listed are a few criteria that a franchisee needs to weigh up looking for a low-cost franchise opportunity with high profits:
- The support that the franchisor is extending
- The demand for the product and services offered by the franchise
- Franchise financials is an important aspect that can be gauged through the Franchise Disclosure Document
Despite all the above-mentioned criteria, the franchisee also needs to pay heed to the kind of commitment that the franchise is calling for. If a specific task is not up to the franchisee’s liking, they might need to rethink and start the evaluation process all over.
Here are some low-cost franchise options that give high returns:
- What’s On In
‘What’s On In’ offers a fascinating concept of securing advertising for the website that is shown to visitors searching for events in their localities. The initiative asks for the minimum cash required to be $1,000 and it’s a work-from-home opportunity. The franchise provides initial and ongoing training to the franchisee however, they would like the franchisees to seek their financials. Following the proven process of the company, the franchisee can secure the principal investment within a span of eight weeks.
The Franchise concept is based on the fitness of women in every stage of motherhood. Fit 4Mom is a leading company for pre and post-natal health, wellness, and fitness programs designed for moms. This fulfills a business owner’s desire to give back to society and support the community.
The minimum cash required to start this franchise is $6,905 and offers homes based work. The company supports the franchisees for pre and post-setup training.
SuperGlass focuses on mobile services for windshield repair. For the sector, SuperGlass is offering low overheads for franchisees.
The services require the franchisee to collect payments and correspondence, customer support for the clients. The franchise comes with a ready-made website also.
The franchise comes with all you’ll need to get started quickly, even a ready-made website.
- Sit Means Sit
If the franchisee love dogs, this business is the right fit for you. With Sit Means Sit, the franchisee becomes a certified dog trainer. The pet care and grooming industry generate revenue in billions and hence the franchise is one of the most successful of its sector. The franchise currently hosts 147 units across the states.
The franchise asks for minimum liquid assets of $17,500 and has the franchisees to access the business remotely
- Image One
Image One is a commercial cleaning service started in 2010. It started franchising in 2011. The company offers franchises at $15,000 and the franchisees get training in the proper commercial cleaning methods, equipment, cleaning supplies, billing and paperwork, marketing, retaining customers, and ongoing support. the company also offers help with obtaining insurance and discounts on additional supplies and equipment.
With over 100 franchise units, the company’s revenue averages $200,078 per year.
To Know More about Image One Franchising details, visit here: Image One Franchise Cost & Opportunities 2022 | BeTheBoss
- Pillar To Post
Pillar To Post allows the franchise to own their own home inspector business with sophisticated technology, top-notch marketing, training, and network support. The minimum cash required by the franchise is $30,000 as well as provides financing assistance to its franchisees. The company also extends initial and ongoing training to franchisees.
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