Small Franchises To Buy

Franchise Business Review (FBR) surveys thousands of franchise owners from hundreds of leading franchise brands to gauge franchisee satisfaction and franchise performance. Our independent franchisee satisfaction surveys ask 33 benchmark questions to measure the health of franchise systems and our top franchises lists are based exclusively on the feedback from actual franchise owners.

small franchises to buy

Low-Doc SBA Business Loans: An alternative for those searching for smaller amounts of capital, these loans offer you the same benefits as SBA Loans (guaranteed by the Small Business Administration (SBA) and lent by banks) with a shorter turn-time.

401 (K) Business Financing: 401K Rollovers, also known as Rollovers for Business Start-ups (ROBS), is a method of financing that allows investors to use their retirement funds to purchase a franchise without taking a taxable distribution. Entrepreneurs can use up to 100 percent of funds from an existing retirement account to buy or start a small business or franchise without taking a taxable distribution or getting a loan.

In fact, the US Census reports that 11.4% of all businesses in the US are franchises. While restaurants make up the bulk of franchise opportunities, gas and convenience stores, car dealerships, fitness, real estate, and hospitality sectors also make up a sizable chunk.

7Eleven, for example, flies accepted franchisees to their support center in Dallas for training. They also have a resource center with seminars and events. Not all franchisers, especially small ones, will have extensive resources like 7Eleven, but make sure they offer basic training.

Popeyes is consistently one of the top franchises to own in Entrepreneur's Franchise 500 Rankings. It's a well-known fast-food brand with a global presence, strong advertising strategies, and well-developed core philosophies.

In addition to dictating how your business runs, franchises also lack autonomy when it comes to finances. Your franchisor will most likely control all aspects of the franchise's financial dealings. Be prepared to routinely submit financial statements such as your balance sheet and income statements.

First up, make sure that you have a good enough credit score to qualify for loans. Having a savings account is also essential. Keep in mind that some franchisers could require you to pay for the up-front fee without a loan. For that reason, you should consider franchises that accommodate your unique financial situation.

According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. It's an industry that generates more than $ 2.1 trillion and employs 18 million Americans.

Fortunately, there are other franchise choices that cost a lot less to start and still offer you the chance to be your own boss. The Franchise Business Review, a leading market research firm that sort of acts as the "Consumer Reports" for the franchise industry, recently identified 10 low-cost franchises that let you get started for $15,000 or less in cash.

"Many people think you need hundreds of thousands of dollars to buy a franchise business, but the reality is that there are some great low-cost franchises that can provide a very high return on your investment in the long run," said Eric Stites, CEO and managing director of the Franchise Business Review. He added that some of the greatest opportunities are in franchises most people have never heard of before.

Who knew cleaning could be lucrative. Image One is a commercial cleaning service started in 2010. It started franchising the following year and now has 103 franchises across the country. For $15,000, franchisees get training in the proper commercial cleaning methods, equipment, cleaning supplies, billing and paperwork, money collecting, marketing, and on-going support. The company also offers help with obtaining insurance and discounts on additional supplies and equipment.

As one of the oldest real estate franchising organizations in the country, United Country Real Estate specializes in country, rural and lifestyle properties. Rather than focus solely on where a buyer wants to live, the United Country approach advertises a lifestyle, whether that's small-town living, ranching, farming, waterfront or hunting and fishing. For $15,000, franchisees get a yearlong office onboarding training program, live webinar training sessions and an on-demand library of training tools.

The good news is that you don't need that kind of money to start a profitable business. There are plenty of great franchises you can buy for $25,000 or less, and I've thrown every one from our Franchise 500 list into this slideshow. The franchises come from all sorts of industries -- everything from sports to auto care and tax services -- so there are plenty of options that can fit your interests, strengths and budget.

Jan-Pro provides a commercial cleaning services for businesses, and there are two types of franchises in the company's business model. The first is a home-based or unit franchise, which represents the person who is responsible for actually doing the cleaning. The second is a master franchise, which oversees a cluster of units.

Vanguard Cleaning Systems is yet another commercial cleaning franchise. It's worth noting that five of the top seven affordable franchises on our Franchise 500 list are cleaning franchises. They might not be glamorous, but they're good investments.

Like Cruise Planners, Dream Vacations is a home-based travel agency network. Both travel agencies -- and many of the franchises on this list -- also offer discounted investment prices for military veterans. So, if you have served in the armed forces, research whether the franchise you want offers those discounts.

Property Management Inc. franchises find tenants for rental properties, process rent payments, provide inspections and more. Basically, you'll work as a flexible landlord who can collaborate with multiple property owners, real estate agents and more.

Buildingstars International is the sixth of seven commercial cleaning franchises in this slideshow, but unlike some of the other options, Buildingstars offers three investment paths: the technician, who works part-time; the onsite manager, who oversees larger buildings and a bigger team; and the corporate manager, who takes on a still greater share of responsibility and revenue.

Padgett Business Services franchises offer tax advice, business advice, payroll solutions and other business services. So, if you're an accountant looking to leave an established business and work for yourself, but you need a recognized brand to help make the transition, Padgett could be a good investment.

Christmas Decor franchises offer holiday decorating services. The business focuses only on Christmas, so this is seasonal. That could be a good thing or a bad thing, depending on what you're looking for in your business investment, but it's certainly worth noting ahead of time.

OpenWorks is the final commercial cleaning business on this list. However, if you've determined that a commercial cleaner is the best investment opportunity for you, then don't write this one off. Take the time to find out which of the cleaning franchises actually fits you best.

This company has a minimum investment of $499. The franchise provides franchisees with the equipment and processes needed to maintain different types of concrete floors and wood. Their coating provides a unique opportunity to make the most of a trend, which is to renovate aging or damaged wood or concrete floors, which could mean that this becomes one of the most successful franchises with low startup costs. If you become a Floor Hero franchisee, they will provide full training. Other benefits of becoming a Floor Hero franchisee include:

Amazing Athletes is a franchise that provides health and sports classes for children from the age of two and a half years to six years old. They can be found in 28 states and already have more than 100 franchises. This successful franchise has a low startup cost of just over $20,000. However, the cash requirement to start is under $20,000. The overhead will remain low because this is a mobile franchise, so you do not have to find funds to lease or buy a storefront.

Maid Simple House Cleaning is different from other cleaning franchises because you do not need to spend on uniforms, branded vehicles or an office. One of the benefits of owning a Maid Simple House Cleaning franchise is flexibility.

The minimum investment is $5,000. Monkey Bars Garage Storage Solutions provides shelving systems and floor coatings. The company also manufactures different items, such as overhead racks and garage cabinets, including full and slat wall tiles. There is quite a low investment cost of $5,000, which means that Monkey Bars Garage Storage Solutions can become one of the most profitable franchises if operated properly.

You need to secure a franchise fee of $15,000 to $45,000 and make an initial investment of $21,250.00 to $106,800. The property management industry is growing as more people are renting their homes. Property Management Inc. provide franchisees with training, technology and marketing to grow and make their franchises as profitable as possible.

Hotel Key Kaddy is different from most franchises in the travel industry because it does not involve running your own agency. Instead, it involves marketing services directly to hotels and local business owners. It takes a minimum cash infusion of $18,900. Hotel Key Kaddy makes digital hotel room keys with information about local businesses, including restaurants and different attractions.

The franchise fee is $15,000 to $32,500. Mosquito Squad requires an initial investment of $17,050 to $79,425. Mosquitoes can be annoying but this could be one of the most profitable franchises if you want to help people deal with this problem.

The Mosquito Squad was started in 2009 and is now a recognized brand of pest control. They have over 200 franchises and reportedly have done more than $50 million in sales. With a low franchise fee, you can benefit from third-party lender relationships with different financing companies if you need help raising the capital. 041b061a72