8 Low-Cost Franchise Opportunities for 2011
If you’re thinking 2011 is the year you’re going to start your own business, you might consider the thousands of franchise opportunities available. The International Franchise Association (IFA) web site is a good place to start pursuing your franchise ownership dream.
The organization relaunched its web site yesterday, adding functionality that makes it easier to access information about its 1,100 franchise members.
“IFA’s web site is the most complete source for information on all aspects of franchising,” said IFA President & CEO Steve Caldeira. “The Web site’s new design and navigational enhancements will vastly improve the user experience and enable visitors to more quickly and easily retrieve and share information about franchising.”
“The enhanced franchise.org Web site is an important resource in our ongoing commitment to promote the $2.3 trillion franchise industry,” Caldeira said. “Whether you are considering buying a franchise or franchising your existing business, franchise.org is your one-stop information source.
BusinessNewsDaily asked communications firm No Limit Media Consulting, which works with a variety of franchises, to compile a list of franchise opportunities that can cost less than $100,000. Some, even cost less than $50,000 to start.
The list is a great place to start dreaming.
[An inspiring franchise fairytale: Camp Bow Wow's Heidi Ganahl]
Home-Based Franchises
HomeTeam Inspection Service, a 175-unit home inspection franchise, that has a start-up cost of $50K-85K which includes the initial franchisee fee, supplies, and local marketing.
New House Doctors, a 90-plus unit professional handyman service, franchisees can expect an initial investment cost of $86K-$112,500 including franchisee fee, equipment, and marketing among others.
We Do Lines, the nation’s first parking lot line striping franchise, offers would-be franchisees low start-up costs ranging from $50K - $100K, with the leasing of a truck and equipment, and franchise fee. [To read a BND profile on We Do Lines, click here.]
Guier Fence, first-ever fence franchise focused on connecting a fragmented fencing industry, allows business owners to get in the game with a reasonable $53,000 to $127,850 initial investment.
America’s Swimming Pool Company, the nation’s largest swimming pool and spa service and repair franchise serving over 100 cities, asks franchisees for an initial investment of only $43,500.
Consider these brick and mortar locations that have low build out costs:
SmartTax, a 29-unit tax preparation franchise, allows potential franchisees to get in at as low as $36,650 including franchise fee, furniture, signage, rent, inventory, supplies, security deposit, and advertising.
Wireless Zone, the nation’s largest wireless retail franchise of Verizon Wireless service and products, costs far less than typical retail concepts with built out costing up to $63,000.
BannaStrowâs , a crepe franchise that focuses on an assorted menu of Crepes, Waffles, Salads and Wreps (wrapped crepes), offers franchisees who choose to run their locations out of a kiosk, truck or small storefront should expect to spend $117,600 to $186,500 on initial investments including the franchise fee. [To read a BND profile of BannaStrow's, click here.]