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