A growing number of the population is becoming interested in buying a franchise but it can be costly and certain franchises may be out of the price range for some prospective franchisees interested in purchasing one.
Interested in Buying a Franchise? We recommend reading:
“An Entrepreneurs Guide to Purchasing a Business or Franchise”
According to a recent article by Fox Business here are nine franchises to buy for under $100‚000 in 2012:
1) Home Helpers – A home care and personal emergency response system – Initial Investment: Between $50‚000 and $75‚000 for a Home Helpers franchise or between $50‚000 and $90‚000 for both Home Helpers and Direct Link.
2) The Growth Coach – A business and sales coaching system – Initial investment amount about $50‚000 in the first year and then an additional $500 a month for royalty fees.
3) The British Swim School – A swim instruction company that operates out of exiting pool and fitness clubs franchise – Initial investment is between $25‚000 and $50‚000 including operational costs.
4) Painting With a Twist – An art studio that hosts art parties with a “twist” – Initial investment is about $75‚000 including the franchise fee‚ studio and art copyrights.
5) Weed Man – A lawn and garden care franchise company – Initial investment ranges between $73‚700 to $58‚450.
6) Caring Transitions – A senior moving‚ relocation and downsizing company – Initial investment is approximately $40‚000.
7) EnviroTech Pest Services – A pest management franchise company – Initial investment is between $40‚000 and $90‚000.
8) Doc Popcorn – A fresh‚ natural-flavored popcorn company – Initial investment is approximately $70‚000.
9) PuroClean – A property damage remediation company – Initial investments can range from $74‚260 to $99‚375.
It is important to keep in mind to fully investigate the franchise prior to making a decision to purchase. Does the franchise have a low failure rate? What do current and former franchisees have to say about the franchise system? Answering questions such as these can help you avoid a potentially bad franchise prior to investing your time and money into it. Remember a low start-up costs mean very little if a franchise has a high failure rate or poor systems in place.
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