Low Franchise Fee: Good Investment?
When purchasing a franchise a "low franchise fee" (although relevant) does not necessarily equate to a good investment. Nevertheless evaluating your budget and overall investment is a basic and critical task that all prospective franchisees must evaluate. The amount of the upfront franchise fee is one of the cost factors to evaluate. Recently‚ Franchise Business Review released their annual review of franchises with an initial investment level of under $50‚000. Below are some of the franchises that Franchise Business Review identified:
- Heaven's Best Carpet Cleaning
Cash Required: $15‚000
Total Investment: $24‚900 – $60‚000 - FocalPoint Coaching
Cash Required: $49‚950
Total Investment: $49‚950 – $60‚000 - MaidPro
Cash Required: $20‚000
Total Investment: $18‚709 – $103‚959 - JumpBunch
Cash Required: $50‚000
Total Investment: $34‚700 – $79‚400 - Cruise Planners
Cash Required: $25‚000
Total Investment: $30‚000 – $65‚000 - 5-Star Painting
Cash Required: $25‚000
Total Investment: $30‚000 – $65‚000 - Showhomes Home Staging
Cash Required: $10‚000
Total Investment: $43‚000 – $64‚000 - Tax Centers of America
Cash Required: $25‚000
Total Investment: $15‚000 – $45‚000 - Oxi Fresh Carpet Cleaning
Cash Required: $45‚000
Total Initial Investment: $34‚630 – $57‚010 - Snap-On Tools
Cash Required: $17‚925 – $80‚071
Total Investment: $17‚925 – $289‚080
Franchise fees represent only one factor to evaluate when answering the question: "What is the right franchise opportunity and investment for me?".
For additional information about investing in and purchasing a franchise‚ order a complimentary copy of "An Entrepreneurs Guide to Purchasing a Business or Franchise" by Charles N. Internicola.
By Charles Internicola July 28, 2011