What Is The Cheapest Franchise To Start?

There is a common misconception amongst the general public that you need to already be rich to be an entrepreneur.

While, of course, you do require some start-up capital to get your enterprise going, this cost varies massively from business to business and that's especially true when considering a franchise.

In fact, on this very site, we list several excellent business systems that you can harness and take control of for less than the price of secondhand hatchback car.

Yes, you read that correctly; we are not talking millions of dollars, but rather thousands!

That being said, when it comes to franchises, like almost all other businesses, your return on investment often depends on the dedication you put into making it a success and the market that is out there for the service or products you are offering. .

However, unlike most independent businesses, with a franchise, you do have a group of people who have already used the franchise model you are investing in. Some of them have even managed to succeed and prosper beyond their wildest expectations!

Where Do I Start When Looking For A Cheap Franchise Opportunity?

If you want to invest, but don't know where to look, then a good place to start your search in this instance would be our 'browse by investment' feature.

Here, you can look at franchises for under $10,000, franchises for under $20,000 and so on, based on your initial investment budget.

There are also several franchise opportunities who offer to help you with the financing of the initial investment for your venture, either directly or through a third party financial body.

Before browsing for available opportunities, it might be a good idea to outlay how much you are willing to spend/borrow and what type of franchise opportunity you are looking for.

That way, you will be able to find the right franchise, rather than just the cheapest franchise; who knows, your choice might fit into both of those categories...

What is the most profitable franchise to own?

Along with queries about initial franchise fees, this is the key question most potential franchisees want to know.

The answer depends on a lot of things and these factors change all of the time. They include: what work the franchisee puts the work into the company, the costs associated with the business and differing tastes and trends that dictate the markets that franchises are working within.

What may be of interest though, is that many of these low cost franchises whose initial franchise fees are not overly high, do create excellent profit margins for the franchisees who invest.

Of course, the franchisors who do request a higher initial investment do so for a reason, with the costs associated and potential for return on investment sometimes higher. Franchises with higher investment rates usually require more facilities and often have greater brand awareness too.

However, when you're purchasing an agreement from a company with a low initial franchise invesment fee, you may be getting in on the ground floor of the next big thing, so there is that to think about too!

What franchise can I buy for $10,000?

RIght now, our franchises under $10,000 include a commercial cleaning company, a business training organisation, a marketing opportunity and several other affordable franchise opportunities.

Here is a taste of some of the franchises currently available:

Fantastic Services Group - Minimum Investment, $3,750

Fantastic Services Group has franchise opportunities that offer unlimited growth potential and the initial outlay required is quite low. Their business offer a range of services for the home and the office including cleaning, gardening, handyman, pest control, removals and more.

If you are interested, it should be noted that they offer full training, individual coaching, access on their easy-to-use software system and mobile apps that help you manage your business seamlessly.

Spray Pave - Minimum Investment, $5,000

With Spray Pave, you are joining a booming industry. They decorate and resurface any existing concrete, both inside or outside.

No experience is needed to learn the six new trades the provide, which cover indoor and outside services.They offer is a complete home-based business package, with everything ready to go for new franchisees.

Jim's Real Estate - Minimum Investment, $6,600

While Jim’s Real Estate is one of the newest Divisions within the Jim’s Group, the iconic brand has been around for over 30 years. Starting the franchise empire in 1989, there are now over 50+ service offerings and over 4,000 franchisees nationally.

If you've ever considered running your own real estate agency, then this could be the way to go as you are getting a company that is widely recognised among the Australian public.

Charge Buddy - Minimum Investment, $7,000

Charge Buddy is a shared power bank rental system that has been developed specifically for the Australian market. Its low investment rate and future forward business plan has made this popular with potential entrepreneurs looking for an investment with high possibilities.

Lockfit - Minimum Investment, $9,995

If you're looking for an established, proven system that is already working for franchisees, then this could be the one! The locksmith industry is an in demand industry, with an above average earning potential and this franchise has a low entry cost.

We've got somthing to suit most budgets, as our range is full of excellent opportunities with low franchise startup costs. As always, it is advised that you do a good level of research on the franchises you are interested in before making that initial investment.

What Are The Costs Associated with Running A Franchise?

When starting your very own franchise business, you shouldn't just consider the intial outlay, but instead look at the overall costs and money you will need going forward. Of course, this will vary from business to business. However, you should get a full rundown of what to expect prior to the sale.

Very often, these details can be found in a franchise disclosure agreement. Costs associated with running a franchise may include legal costs, royalty fees, marketing fees and the expense of finding the right locations.

These expenses vary from franchise to franchise, so once again we would recommend you do the necessary research befor parting with a franchise fee.

Where To Next?

The advantages of investing in a franchise system are plentiful; you get experience, existing brand recognition and a team behind you willing you to succeed. Understandably, many potential entrepreneurs think that you have to invest heavily to receive this, but as is outlined above, that is simply not the case.

If you have the goal of being your own boss and running your own business, then an existing franchise system could be the way forward for you. And you don't have to be rich to make the first move!