Any budding entrepreneur who wants brand recognition and support should consider opening a franchise. People often think buying a franchise is too expensive, but you can get started for less than $10,000. This article is for people who want to be business owners and are interested in owning a successful franchise. We’ve compiled a few franchises that require an investment ranging from $3750 to upwards of $1M.
$24,999
Jazzercise: Initial investment costs range from $3,750 to $21,750
Cruise Planners: Initial investment cost starts at $10,995
$25,000 to $49,999
Bar-B-Clean: Initial franchise costs start at $30,000, and the average initial investment is $31,950.
Class 101: The total investment expenses range from $45,890 to $63,300, and the franchise fee is $32,900.
Tutor Doctor: Initial franchise costs range from $44,700 to $49,700, with an estimated initial investment range of $73,295 to $100,995 (depending on the territory).
$50,000 to $74,999
Fetch Pet Care: Total costs range from $68,000–$76,000.
Caring Transitions: The total investment is $58,912 to $82,712.
ShelfGenie: Minimum investment is $70,100
$75,000 to $99,999
FastestLabs: Initial startup expenses range from $83,309 to $96,650.
British Swim School: Average starting costs range between $93,700 and $125,850.
Screenmobile: The initial franchise investment ranges from $91,975 to $183,770 and covers everything from the franchise license to the promotional materials and equipment to the required training and even a trailer.
$100,000 to $249,999
Molly Maid: Depending on the scope of service, the upfront cost might be anywhere from $110,000 to $155,200.
Brightstar Care: Initial investment costs can range anywhere from $105,735 to $170,457.
iLoveKickboxing: The price tag can range anywhere from $185,000 to $245,000.
$250,000 to $499,999
Menchie’s Frozen Yogurt: The average overall cost is between $300,000 and $350,000.
School of Rock: Initial investment costs can range from $322,500 to $521,100
Skoah: To open a Skoah franchise, a minimum investment of $260,000 is needed.
$500,000 to $999,999
ZIPS Dry Cleaners: The price tag may be anywhere from $729,700
The Goddard School: Investment expenses typically range from $698,300 to $873,600.
Dogtopia: Initial investment costs range from $668,298 to $1,444,264.
Over $1M
Sonic Drive-In: The total investment for a typical Sonic, excluding land, ranges from $1,242,200 to $3,537,700.
Sky Zone Trampoline Park: Getting a Sky Zone franchise requires a minimum net worth of $1.8 million.
Woodhouse Day Spa: The initial investment is projected to be between $1,231,617 and $1,833,067.
Bottom Line
One way to enter the business world is to invest in a franchise. Take advantage of a well-known brand name while reaping the benefits of being your own boss. Owning a franchise can yield substantial financial rewards if you create a solid strategy for expanding your business and increasing your revenue. Contact My Commercial Capital to finance your franchise investment.