When you think about owning a business, franchise businesses might not be the first thing that comes to your mind. However, people who have done their research know that there are highly profitable franchise business opportunitiesthat you can own, which is why many established business owners often buy franchises. It allows them to branch out from their focus industry and expand their portfolio into a new industry. In addition, some of the most profitable businesses cost you less than $50,000 to buy, and you would be able to make life-long income from them.
Since many affordable franchise businesses are available, many business owners – mostly those who are new to the industry – often make the franchise their primary source of income. In the US alone, there are more than 750,000 franchise business for you to choose from. Depending on your likes and passion, you can choose a company that you know you would love running. Some of the most popular businesses in the US and world have grown in terms of popularity because of their franchises.
The most profitable franchise business which is low cost
As you are preparing to buy a franchise, you will come across businesses selling their franchises at prices you might or might not be able to afford. Depending on the industry and companies, the prices of the franchises may vary; however, any franchise that is a few thousand dollars is ideal for you to buy. Here are some of the top-rated low cost highly profitable franchise businesses that you buy:
- Window Medics: Window Medics is a window glass repair, replacement, and installation business in the US, providing franchising opportunities for young and talented entrepreneurs. With their business spread across more than a hundred locations in the US, Window Medics are always looking for passionate young people to expand their business even to more locations. One of the many reasons why Window Medics is extremely popular in the window glass industry is because they have a patented process of window defogging that their competitors cannot copy.
Established more than 15 years ago, Window Medics has found the business and marketing techniques that work for them have helped them attract thousands of customers. If you want to buy Window Medics, you would be required to invest $35,000 to buy the franchise. Their experts will provide a 2-day training session, irrespective of whether you have previous experience in the window glass industry. They will train you to use their tools and marketing procedures to attract customers. Unlike many other franchises, you are not required to have a separate office premise to run a Window Medics franchise if you prefer to run it from home. To know more details about the Window Medics franchise business, call 888-329-7116 or email at firstname.lastname@example.org.
- Cruise Planner: If you want to help travelers and have always wanted to own a travel company, Cruise Planner is the franchise you should buy. As one of the most recognized cruise planning companies in the US, the Cruise Planer franchises are low-cost, already have an established customer base you can leverage, and they will have a set of business operations procedures that you can follow. In addition, it is another franchise business that you can run from home until you are ready to rent out an office space.
- Chem-dry: Did you know that in the US alone, 10 billion square feet of carpet are installed every year. With carpet installation comes the requirement of cleaning and keeping them looking good. Chemdry is one of the leading companies that offer carpet cleaning services, and they are always in search of young individuals to buy their franchise and expand their business to as many locations as possible. Their franchise is low-cost, and if you need help with the investment, the franchisor also helps you with internal financing options that can help you get started.
- Property Management Inc: In the US, 35% of residents prefer to rent a home than buy one, which is where property management companies come in. If you have an interest in the reals estate industry, you can buy a Property Management Inc. franchise at a low cost. Even if you have no experience in handling real estate or property management, it is no issue, as the franchisors provide full-scope training to all their franchisees. With their validated model, you would be easily able to build your brand identity and run a thriving property management business.
These are only four franchise business ideas that are low-cost and profitable. Depending on your passion and demand in your local area, you can buy a business that you know will be profitable. Researching is the only thing you can do to find what company will work best in your local area. To buy a franchise, you should make sure that your budget agrees with you because even though franchises do not often fail, you cannot take any risk.