This impressive revenue, when coupled with the surge in demand for home health services due to an aging global population, showcases the lucrative nature of this franchise. SYNERGY HomeCare stands out in the rapidly growing field of home health services, making it one of the prime low investment high return franchises. The franchise is designed to provide compassionate and personalized care for individuals of all ages, ensuring they enjoy the highest quality of life while staying in their familiar surroundings. With a business model that allows franchisees to pocket 100 percent of their sales and unlimited ability to scale, SocialOwls estimates up to $15,000 in profit per month with 50 clients. This carpet cleaning franchise offers financing for entrepreneurs who seek to own one of their franchises. Due to cutbacks and low education funding around the U.S., many schools have eliminated their arts and crafts or extracurricular programs, significantly impacting both public schools and the communities they serve.

  1. Stratus offers in-house financing choices to help with the underlying establishment charge, hardware, stock, and other start-up costs.
  2. There were 790,492 franchise establishments in 2022 that supported the U.S. economy, with an expected 805,436 for 2023.
  3. The franchise fees are tiered, based on your level of experience in the travel industry.
  4. In this case, it’s a pack of gift cards to retailers and restaurants sent to them on their birthday.

And the initial investment amount includes expenses such as royalty fees, real estate, and inventory costs. All franchises come with some kind of investment, which usually comprises corporate fees, startup costs, real estate, staff, equipment and other expenses, too. My Gym Children’s Fitness Center is a franchise focused on providing award-winning programs to help children develop a positive self-image and become healthy adults. Classes offer a non-competitive environment to promote physical and emotional development, with programs broken up based on the ages of children. A notable advantage for running a My Gym franchise is the fact that the business model is membership-based, so revenue is recurring. You can also earn additional revenue through party, camp and event offerings.

Cruise Planners‍ franchises have low costs and high profit

Maid Simple House Cleaning is different from other cleaning franchises because you do not need to spend on uniforms, branded vehicles or an office. One of the benefits of owning a Maid Simple House Cleaning franchise is flexibility. Make sure the franchisor has a proven support system for franchisees, specifically with regards to marketing because that is what will make or break your business.

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Disadvantages include heavy start-up costs as well as ongoing royalty costs. By definition, franchises have ongoing fees that must be paid to the franchisor in the form of a percentage of sales or revenue. This percentage can range between 4.6% and 12.5%, depending on the industry. There are many advantages to investing in a franchise, and also drawbacks. Widely recognized benefits include a ready-made business formula to follow. A franchise comes with market-tested products and services, and in many cases established brand recognition.

In this case, it’s a pack of gift cards to retailers and restaurants sent to them on their birthday. Recipients of these birthday packs of gift cards gain exposure to the brands and, ideally, become new customers or repeat customers. Since these gift cards have to be activated, their redemption is trackable to you as a franchisee. You need to secure a franchise fee of $15,000 to $45,000 and make an initial investment of $21,250.00 to $106,800. The property management industry is growing as more people are renting their homes. Property Management Inc. provide franchisees with training, technology and marketing to grow and make their franchises as profitable as possible.

He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. If you’ve ever watched HGTV and marveled at all those beautifully decorated homes, Showhomes Home Staging could be the franchise for you.

Equipment financing

And they support their franchisees with training and assistance with site selection, construction, operations, management, and marketing. In fact, the US Census reports that 11.4% of all businesses in the US are franchises. While restaurants make up the bulk of franchise opportunities, gas and convenience stores, car dealerships, fitness, real estate, and hospitality sectors also make up a sizable chunk. If you’re going to own a store, then you’ll quickly realize how important signage is. With more than 600 locations, the Texas-based company offers opportunities for entrepreneurs to get involved with this high-visibility “visual problem-solving” company both in the U.S. and abroad, too.

Franchises offer lower risks.

Founded in 1969, Jazzercise is no longer all about leg warmers and ’80s music. The business that started the dance party craze is making a modern and hip comeback with dance and exercise classes. Buying a Jazzercise franchise involves submitting an initial investment, finding an ideal location, and polishing up those dance moves. With low cost franchises the low franchise fee and initial investment, Jazzercise is one of the cheapest franchises on our list. The franchise fee is $5,000 to $17,500 plus an initial investment of $18,685 to $84,205. SuperGlass Windshield Repair provides franchisees with the opportunity to run a profitable business after only a few weeks of training.

The company founder, Jerry Maas, was a DJ at the first wedding for Complete Weddings + Events in 1974 and began franchising in 1983. “Franchising is about to experience a significant growth spurt over the next decade,” said Stites. Monkey Bars Garage Storage Solutions provides shelving systems and floor coatings. The company also manufactures different items, such as overhead racks and garage cabinets, including full and slat wall tiles. There is quite a low investment cost of $5,000, which means that Monkey Bars Garage Storage Solutions can become one of the most profitable franchises if operated properly. Despite only requiring $50,000 in liquid capital to get started, SpeedPro reports the average 2022 owner’s discretionary profit at $422,234, making this one of the best ROI franchise opportunities.

Another benefit to starting a low-cost franchise is in many cases you can keep your day job while you get it up and running, so you still have financial security. Once you start making a profit, you can transition into making it your full-time occupation. After that, you can consider expanding or even buying a second franchise. That could be a good thing or a bad thing, https://1investing.in/ depending on what you’re looking for in your business investment, but it’s certainly worth noting ahead of time. Property Management Inc. franchises find tenants for rental properties, process rent payments, provide inspections and more. Basically, you’ll work as a flexible landlord who can collaborate with multiple property owners, real estate agents and more.

Maid Simple House Cleaning is a high profit franchise with low startup costs

Read our guide on how to become an entrepreneur to get the basics down before purchasing a franchise. This bakery is unique because, despite being a franchise, it has a “Mom and Pop shop” feel. There are locations across the United States, and its cakes have been featured in popular media outlets like Food and Wine Magazine, Food Network “Unwrapped”, and Franchise Times. Popeyes is consistently one of the top franchises to own in Entrepreneur’s Franchise 500 Rankings. It’s a well-known fast-food brand with a global presence, strong advertising strategies, and well-developed core philosophies. A smaller franchiser could be an easier entry point — so long as the company has been growing in revenue.

There are plenty of great franchises you can buy for $25,000 or less, and I’ve thrown every one from our Franchise 500 list into this slideshow. The franchises come from all sorts of industries — everything from sports to auto care and tax services — so there are plenty of options that can fit your interests, strengths and budget. In this list, we’ll take a look at the initial investment, the franchise’s growth rate over the past three years, and the number of franchise locations, or franchise units. Dream Vacations is a home-based travel agency franchise with no overhead or inventory — this keeps the cost of initial investment low.

Now that you know how to evaluate an opportunity, let’s take a look at our list of the best franchise opportunities to select from. Throughout the pandemic, these franchisers have either seen growth or very little stagnation, making them the best franchises to own. A franchise is a business in which independent entrepreneurs use the rights to a larger company’s business name, logo, and products to operate an individual location. The franchiser is the owner of the larger company who sells the rights to license their business, and the franchisee is the third-party owner and operator of the business locations. Formerly Dunkin’ Donuts, Dunkin’ certainly costs less than a McDonald’s and has strong name recognition to boot.