Bargain shopping isn’t just for recreational shoppers, those in search of profitable business opportunities should always be on the lookout for a good deal too. Many entrepreneurs are actually surprised to learn that there are franchise opportunities out there that can be started for under $50K. Take H&R Block, tax and accounting mogul, or Jazzercist, the exercise gurus, for instance. Here’s a look at some lower cost franchises:
An estimated start-up cost beginning in the $31K range and going up from there is the likely reason behind the many H&R Block store openings in the past decade. Franchisors receive a 10 year, renewable franchise agreement and many of the fees associated with startup are financed in-house by H&R Block itself. If you’ve got any interest at all in tax preparation or financial services, H&R Block may be the right franchise for you.
The maximum investment for a Jazzercise franchise is estimated at $76K but the majority of the some 7,000 Jazzercise franchises worldwide have experienced significantly lower startup costs. Franchises can be opened with a total investment of under $5,000 in many cases. This makes Jazzercise and ideal franchising opportunity for low budget entrepreneurs who have an interest in fitness, total body conditioning and health.
Cruise Planners – American Express Travel
Cruise Planners franchises can be operated from home either part time or full time with a very minimal startup cost of just over $2,000. Franchisees work selling cruises from their home and pay an ongoing royalty fee of 3%. The majority of Cruise Planners franchisees own more than one franchised unit to increase profits.
Vanguard Cleaning Systems
A startup cost or initial investment of merely $10K can get a Vanguard Cleaning Systems franchise up and running. One exciting opportunity from Vanguard Cleaning Systems is that their franchise programs include different programs for experiences businesspeople as well as for beginning entrepreneurs. Vanguard Cleaning Systems franchises can be operated from home for the convenience of the franchisee.
Since the Jan-Pro operations developed in 1991, franchises have been popping up all over the United States and Canada. Jan-Pro utilizes a “Cleaning Greener” initiative that focuses on cleaning with fewer chemicals that may otherwise be harmful to the environment. The total investment for a Jan-Pro operation starts around $3K and ranges up to $50K depending on various elements of the franchise operation and plans. Owners have minimal net worth requirements of just $1,000-$14,000 and are only required to have liquid cash available in the amount of $1,000 making this a sizable business opportunity even for those with limited financial backage.
Article by Jason Duncan, CEO/Founder of ManagerComplete.com. ManagerComplete is an online software application that helps multi-unit franchises manage operations effectively. Follow him on Twitter for latest updates.