Initial franchise fee: $10,995 Net worth requirement: $300,000 – $1,000,000 Ongoing royalty fee: 6% – 10% As more people own smartphones and tablets, they will also break them, and need assistance with repairs. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to … The other party to the relationship — the franchisor — provides the system which serves as the blueprint for success, and provides ongoing support such as advertising and marketing. Fortunately, for many of the franchises above, you can choose a low-cost franchise, get the necessary training and experience, and when ready, grow big. If you have any queries regarding a particular company, please contact them directly through any of … Liquid capital requirement: $20,000 This brand keeps growing — its franchise owners saw the average gross sales-by-store increase from $1,072,000 in 2012 to $1,256,000 in 2018. Americans are purchasing more clothing items than ever before and sell that clothing at a resale store. Furthermore, Fit Small Business never allows partners to pay us to guarantee placement within an article that isn’t clearly marked as sponsored and companies cannot pay us for favorable (or unfavorable) reviews or ratings. Liquid capital requirement: $500,000 – $1,000,000 Some franchisees may own installation ladder trucks for installing tall business signs. After that, you audition. As the franchisee you have the right to use the franchisor’s intellectual property in your business. It is the nation’s oldest and largest mobile repair franchise. Plato’s Closet has one of the lowest Small Business Administration (SBA) loan default rates among franchises. When you're evaluating a business investment, it's important to know if the opportunity is worth the money. Our mission is to bring you "Small business success... delivered daily." Initial franchise fee: $25,000 Ongoing royalty fee: 1-3% Search Business Opportunities . There are many types of small businesses, and some are less risky than others. Liquid capital requirement: $42,500 – $45,300 What is a Franchise Business? Small Business Trends. Net worth requirement: $600,000 Small Business Franchise Opportunity Guide Small business franchises come in many shapes and sizes, from nationally recognized household names to locally grown niche businesses. It’s the most effective merger of large-organization efficiency with small entrepreneur motivation ever devised. Free and premium plans, Sales CRM software. Discover several other pet-related franchises on its website, including doggie day care, dog training, and grooming businesses. Number of locations: 4,300+. Right at Home is an industry leader in home care and its mission is to improve the quality of life for its clients. It has invested heavily in market research to provide customers with the best service and experience. It's a top franchise and offers an established operating system with over 35 years of experience. 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. We believe the best franchises have a combination of the following features: low-cost, low failure rate, easy to learn, include quality training, and brand strength. School of Rock is the largest music education franchise in the United States and has more than 29,000 students worldwide. While becoming a franchisor can require considerable expense, the capital required to grow a network of franchised locations is far less for you than achieving the same number of company-owned locations. It’s considered one of the top fitness franchises with more than 660 locations opened in the last three years. A franchise fee is a cost a potential franchisee pays up front to operate the franchise. Find 400+ franchise and business opportunities for sale with FranchiseDirect.com, the world’s #1 comprehensive franchise portal since 1998. Initial investment: $575,422 – $1,497,372 Network with the growing Business Community to get expert interventions to let you learn to Grow & Expand your Business with Franchising. SuperGlass Windshield Repair has been operating for 30 years and specializes in the repair of rock damaged and cracked windshields. Prior to joining Fit Small Business, Blake consulted with over 700 small biz owners and assisted with starting and growing their businesses. Ongoing royalty fee: 11% This article is part of a larger series on Buying a Franchise . In fact, it is likely to have more sales during a recession because shoppers are looking to be frugal. Franchising your business can be a very successful method for expansion if you take your time and do it properly. Additionally, Kumon will pay for several first year costs (up to $36,000), such as 50% of rent, signage reimbursement, furniture, fixtures, paint, carpet, and window coverings. We only partner with companies we believe offer the best products and services for small business owners. This fast-casual restaurant is known for its burgers and freshly-churned custard. Number of locations: 3,600+. When purchasing a higher-priced franchise, such as Sonic, you may want to consider financing specifically for franchises. Number of locations: 1,500+ (in US). Product This is where the franchisee sells the franchisor’s product from a wholesale or retail outlet. Franchiseindia.com is world’s # 1 franchise website and an Entrepreneur’s daily dose. Free and premium plans, Customer service software. hbspt.cta._relativeUrls=true;hbspt.cta.load(53, '32f9dbf1-275f-4e21-bbed-238f0923e637', {}); A business in which independent entrepreneurs are able to use the rights to a larger company’s business name, logo, and products to operate an individual location. There are locations across the United States, and its cakes have been featured in popular media like Food and Wine Magazine, Food Network "Unwrapped", and Franchise Times. The overall investment for the franchise is lower as well because the equipment is not expensive and the classes can be done in a small environment. Number of locations: 450+. Ongoing royalty fees: 8-9% The best answers often include products and services. This bakery is unique because, despite being a franchise, it has a "Mom and Pop shop" feel. It's home-based, so you don't need to factor in the cost of real estate. This is a great franchise to own because of the low royalty fee at only 2% of sales the first year and 3% every year thereafter. CPR Cell Phone Repair is a retail store that repairs consumer electronics such as smartphones, tablets, and computers. Here are the criteria used to evaluate 3,300 franchise brands: Below are some of the top picks from the best franchises to buy list. 9Round’s franchise fee is low, which means the franchise can become profitable more quickly than other fitness franchises. Ongoing royalty fee: 8.5% Small business ownership is the reason we have so many self-made millionaires and a booming middle class. Typically they have a much lower risk of failure than starting a business from scratch. It's a great option for military veterans and offers discounted investment prices. A franchise business owner is someone who owns a business under the auspices of a franchise agreement. Liquid capital requirement: n/a Ongoing royalty fee: $34 – $38/month per student In fact, the model with the highest level of success is the franchise. These partnerships help support our site so we can keep bringing you the best answers to your questions. HubSpot uses the information you provide to us to contact you about our relevant content, products, and services. Prior experience in travel planning is not required, and the company offers comprehensive training. People are looking for fun and unique workouts. In addition to small business marketing materials it provides high-end commercial signs as well. It's a well-known brand with a global presence, strong advertising strategies, and well-developed core philosophies. And it provides support and training for real estate, operations, consulting, marketing, and more. Liquid capital requirement: $75,000 – $105,000 InXpress is a business-to-business, home based franchise in which franchisees sell global shipping and logistics services to small-and-medium sized businesses (SME). Kona Ice is a mobile truck that sells flavored shaved ice. Processing or manufacturing In this model the franch… If you want golden arches of your own, you'll need to put in a hefty initial investment. Request FREE Info. Franchising is the American Dream, with a safety net. What makes Fast Signs a great franchise to own is its support with “Fast Signs University.” Additionally, it’s a leader in innovative products such as digital signage, ceiling tiles, custom etched glass, and window shades. Liquid capital requirement: $75,000 – $250,000 Dunkin’ Donuts is a quick-service restaurant serving coffee, doughnuts, and breakfast. YouTube, 355 Lexington Avenue, 18th Floor According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. Starting a franchise business offers you the independence of running a small business with seriously reduced risks. All told, the company has more than 3,000 moving trucks on the road at its more than 360 locations. It was rated #1 in customer loyalty by Brand Keys Customer Loyalty Engagement Index. This article is part of a larger series on Buying a Franchise. It also has a team of creative and marketing specialists to assist you, including designers, animators, marketers, and social media experts. Initial franchise fee: $30,000 Sport Clips is growing and showing its strength and stability — it has a high continuity rate of 95.4% over the past five years. Not one of its locations has gone out of business. And, because we value transparency, we’ve chosen to provide a list of our partners. Forbes partnered with FRANdata to assess and assemble a list of the best franchises. As the franchisee you would be given exclusive rights to sell the product within a specific area. Buy a low cost franchise up to £10,000 with Franchise Direct. With the mobile option, you operate the business from your home and travel to between 50 and 75 day care and preschool-type facilities to deliver classes. As a consultant, he helped over 700 biz owners start and grow their business. by Stephen Hanlon September 9, 2020 | Franchise Information Centre, The Franchise Industry, Franchise Direct Blog While many parts of the small business community are in limbo or worse because of the devastation caused by the Covid-19 pandemic, franchising has seen a massive boom. Twitter It boasts financial stability, brand recognition, and dedicated training and support — and 84% of the U.S. population lives within 10 miles of a The UPS Store. Number of locations: 1,300+. It has a low overhead cost, supports its franchisees, and has well-established relationships with national brands like Adidas and the U.S. Soccer Foundation. Ongoing royalty fee: 8% Determining the profitability of a franchise isn't an exact science, but there are a few factors to consider: Whether you're looking for a low-cost franchise, or ready to go all-in on a high investment franchise there are options for you. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Liquid capital requirement: $200,000 There are many options for small business loans to purchase a franchise or other business. This drive-in chain prides itself in operational excellence and its customer service. They offer three options for franchising: international master franchise, executive business, and home-based opportunities. Kona Ice also provides a three day, all expenses paid learning experience called “Kollege.”, Initial franchise fee: $49,900 One nice benefit of this franchise is that employees genuinely enjoy their work. If you can start a reputable and quality moving company, you are likely to find success. Though it includes a list of franchising companies, they are not affiliated in any way with the website. You’ve started your own small business. His expertise is featured across Fit Small Business in starting a business content. Additionally, the moving industry can be easy to start a business in because of the negative online reviews and overall poor reputation of moving companies. Initial investment: $250,000 – $350,000 Franchising allows a business to operate under the established brand of another business. Franchises are one of the lowest-risk businesses to open. Our convenient home-based business model benefits Franchise Owners and customers alike. Plato’s Closet is a great franchise to start because of the potential amount of inventory and industry it’s in. But with that investment, you get brand recognition, popularity, and years of experience in the fast food industry. Merry Maids is a residential cleaning company. 9Round is a great franchise to own because it is relatively low-cost, especially for fitness franchises. Kumon is an after school tutoring franchise that specializes in math and reading. Soccer Shots is a children's soccer program with a focus on character development. The company is routinely considered one of the top cleaning franchises. When you sign up as a franchisee, Cruise Planners will educate you about the business with an intense six-day paid on-site training. The typical Great Clips owner will open more than one business. Planet Fitness is known for it's Judgement Free Zone® philosophy — making first-time gym users feel comfortable as they begin their fitness journeys. As the #1 convenience store, 7-Eleven is seeing unprecedented growth. Cruise Planners is one of the lowest cost franchises to open. Net worth requirement: $150,000 Two Men And A Truck is also an affordable franchise. Net worth requirement: $500,000 Whereas a physical location in a strip mall will have a rent expense indefinitely. Initial investment: $99,675 – $143,075 Number of locations: 13,000+. This quick service restaurant brand has been around for 50 years and developed financial stability and brand recognition. Not every successful business should franchise, but given the proper situation and concept, it can be an extraordinary wealth producing system for the business that is franchisable. Initial investment: $89,619 – $125,023 Initial franchise fee: $40,000 – $90,000 Or you may start with one physical location and expand to several locations. And they support their franchisees with training and assistance with site selection, construction, operations, management, and marketing. Number of locations: 1,700+. Number of locations: 360+. Orangetheory Fitness is a class-based exercise program. Initial franchise fee: $49,750 In terms of industry, this franchise may be a wise investment because the pet industry has been growing about $3 billion a year for the last four years. Net worth requirement: $500,000 We're committed to your privacy. Initial franchise fee: $1,000 Get free and comprehensive information about these great affordable franchise opportunities. Initial franchise fee: $30,000 – $85,000 This list is made available for use by Lenders/CDCs in evaluating the eligibility of a small business that operates under an agreement. We provide a reliable, authoritative platform that allows entrepreneurs to connect with franchisers seeking investors. It offers various price points to begin a franchise and you can find the one that aligns with your budget. Its stores are turnkey and you can get started within three to six months, including application, testing, and training. Find out how to navigate income taxes for your business. Initial franchise fee: $37,500 – $51,500 This math learning center opened in 2002, and its mission is to "help every child understand – and master – math." Pure Barre is a popular, boutique fitness brand with nearly 600,000 clients. 3. Annual royalty fee: $3,500 When you click on links to those sites, our company makes money. The branded truck provides the flexibility to sell at local events and move to areas where customers are located such as the beach or park. LinkedIn Marketing automation software. The Kona Ice truck can save you money over the long term because once the truck is paid off, no more overhead expenses are needed. 2019 Franchise 500 Ranking: Franchise Information from Entrepreneur.com - Page 1 Net worth requirement: $150,000 2. Orangetheory Fitness is a quality franchise to open because it’s a quickly growing business in the popular fitness industry. I'll review what each franchise requires in terms of the franchise fee and the initial investment you'll need to make. The best franchises for new business owners are those they can start small and grow big. For details, call at +91- 9876974799, +91- 7508451328 For more information, check out our privacy policy. When was the last time you made a fast food stop or purchased a coffee before work? Hey, thanks for sharing top franchise business opportunities in India. If you're looking to purchase a franchise at a lower price point, there are options for you in a variety of industries. According to the Franchise Association of South Africa (FASA), there are now more than 800 franchise systems in operation in the country. It is the only franchise on this list with more international than US locations with more than 24,000 locations around the world. Initial investment: $55,650 – $170,500 We sometimes make money from our advertising partners when a reader clicks on a link, fills out a form or application, or purchases a product or service. This music business was started in 2007 and is still growing — between 2014 and 2018, it added 70 units to its franchise system. Register Free . Ongoing royalty fee: 8% Maybe you've even considered purchasing and owning one yourself. Liquid capital requirement: $80,000, $150,000 There are three types of franchise: 1. Business This is the type of franchise most people know. It boasts financial stability, brand recognition, and dedicated training and support — and 84% of the U.S. population lives within 10 miles of a The UPS Store. Two Men And A Truck is considered one of the best franchises because of the quality name brand. Let's take a look at some of these franchises and see how they stack up. Initial franchise fee: $25,000 – $55,000 You (the franchisee) can sell their products and/or services for a specified period in return for payment to the franchisor. Merry Maids is a top franchise because it offers 80% financing on the initial franchise fee. Every town, small or large, needs a cleaning service, and what better cleaning franchise to start in a small town than the popular merry maids cleaning business. 5. Sonic Drive-In is a fast-food restaurant specializing in drive-in delivery service. When buying a franchise, a low-cost option such as a mobile business is a great way to build a customer base before opening a physical location. The fitness industry also continues to grow. Number of locations: 900+. Stay up to date with the latest marketing, sales, and service tips and news. Initial franchise fee: $20,000 Initial investment: $15,000 See All Small Biz Franchises. Kona Ice is consistently one of the top-rated ice cream franchises, though its shaved ice. Number of representatives: 3,000+. After five years of being a franchisee, the typical owner will open another five to six locations. Liquid capital requirement: $30,000 Mathnasium has earned many accolades, and over the past four years, average per unit gross sales grew 10% annually. Overhead costs can be kept low due to its mobile option — a physical shop location is not required. Liquid capital requirement: $250,000 Initial investment: $123,150 If you're looking to start a low-investment, exercise business a Jazzercise franchise might be a good fit for you. What makes CPR a great franchise to own is the in-demand industry it’s in. Read more about our commitment to editorial independence here. In addition to in-person training, it has “Sonic E-Learning” where the franchisee and staff can learn strategies to make the business a success. Dunkin' dropped the "Donuts" from its name, but this business is as recognizable as ever with locations in 32 countries. Initial franchise fee: $15,000 Its franchise fees vary greatly because it offers a mobile compact gym, or standard gym option. Blake is an award-winning consultant, writer, and speaker. As a franchisee, you earn commissions on vacation plans booked through its system. Initial franchise fee: $20,000 Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. New York, NY 10017. According to research by Absa, the estimated turnover for the franchise market is R587 billion, which is more than 13% of local GDP. Like several of the franchises on this list, no experience in the industry is required. Many owners find Cruise Planners appealing because of the ongoing low royalty at only 1% to 3%, which varies by the type of vacation plan sold.