Business Franchise are like a blessing for most entrepreneurial individuals. Since starting a business is risky, franchise systems help mitigate this risk by offering a proven method of success. While companies are looking for growth opportunities and branching out, it is a wise decision for an entrepreneur to seize this opportunity and use the resources of a more prominent company while starting a business.
Are you looking for the most profitable franchises to own? Here’s a compiled list of profitable franchises in the US under 100k.
- Window Medics Window Glass Installation
Started in 2004, Window Medics is a window solutions company known as the fastest growing business in the window solutions industry. With over 200 locations and branches throughout Canada and the US, Window Medics franchise opportunities are among the most profitable franchises to own under 100k.
Franchise with Window Medics provides comprehensive ongoing business support, along with marketing support. With a 2 day training period, entrepreneurs can start their business without any premise or prior experience.
- Kumon Math and Reading Centers
Kumon Math and Reading Centers started providing franchise opportunities in 1958. Headquartered in New Jersey, Kumon Math and Reading Centers were founded by a math teacher named Toru Kumon, who had developed a learning method. Today, the same method is expanded by franchisees.
The minimum initial investment requires $69, 58. The franchisees get comprehensive training, along with various marketing materials and support. The specialty of the Kumon method ensures a stable business as you start your business with Kumon Math and Reading Centers.
- Matco Tools
Starting a business with Matco Tools requires a low investment of $7,000. Matco Tools has started providing franchise opportunities in 1993, and franchisees provide their automotive equipment, tools, and toolboxes to customers.
Matco tools have around 50 locations where they provide their products using franchise units. Their opportunity also provides training of around 72 hours and both online and offline marketing support.
- Anytime Fitness
Anytime Fitness is one of the top franchises opportunities in the US and one of the most profitable businesses to own. Although not the cheapest franchise opportunities out there, one can purchase this franchise for less than six figures.
Anytime Fitness started franchising in 2002 and provides 80 hours of classroom training and 10 hours of on-job training. Today, Anytime Fitness is expanding their business worldwide, and provide extensive marketing support including email marketing and website development.
7-Eleven is a convenience store franchise that provides a wide range of pricing that starts as low as $37,550 and can go up to 1 million. This pricing can be different depending upon location.
The initial franchise fee of 7-Eleven starts at $10,000 includes 240 hours of first-class training on the job and 24 hours in the classroom. 7-Eleven requires an entrepreneur not to have any side business that might hamper successfully working on their business concept. 7-Eleven provides full-on marketing support.
UBreakiFix has over 550 stores across the US and Canada and is one of the first franchises in the tech industry. Their training programs are designed to prepare their franchise partners for success smoothly.
Starting a franchise with UBreakiFix can be comparatively low, which is $40,000. UBreakiFix is situated in Orlando, Florida, and has been providing franchising since 2013. Training and marketing both kinds of support are available for franchisees. Franchisees of UBreakiFix include entrepreneurs, phone carriers, device stores, etc.
- CPR-Cell Phone Repair
CPR-Cell Phone Repair is a similar franchise opportunity to UBreakiFix. Comparatively, CPR- Cell Phone Repair provides franchise opportunities at a lesser price than UBreakiFix. Applicants need $150,000 to start a business with CPR-Cell Phone Repair.
They go through a process called CPR Discovery Process before joining the franchise program. Training of both on the job and in the classroom of 40 hours each is provided for this franchise program.
- Merry Maids
Merry Maids franchise units are worldwide, namely Denmark, hong Kong, Japan, United Kingdom, etc. Based in Memphis, Tennessee, Merry Maids’ initial investment costs up to $100,000.
Their franchising opportunities started as early as 1980, and with their experience and knowledge, they provide superior marketing and a successful business model. Their training includes 80 hours in the classroom training, and marketing includes essential online and offline marketing and a loyalty program.
- Firehouse Subs
Firehouse Subs is a restaurant chain started by two former firefighters and started providing franchising to expand their concept. Considering the restaurant business is one of the expensive businesses, their initial investment requires $94,783 that goes up to $1,090,366. However, this is one of the most profitable franchises to own.
Their training hours are amazingly 336 hours on the job and a reasonable 35 hours in the classroom.
Real estate franchise RE/MAX requires an initial franchise fee of $15,000. Their real estate agents are in more than 110 countries all around the world. Training hours include 31 hours in the classroom. Both online and offline marketing are available.
What business can I start with 100k in the US?
Some of the profitable businesses you can start with $100k in the US are:
- Window Medics
- Delivery Services
- Ride Booking Services
- Online Marketing Services
- Bakery Services
- Salon Auto Repair
What is the best and cheapest franchise to open?
Some of the cheapest yet profitable businesses to start in the US are:
- Dream Vacations
- Cruise Planners
- Real Estate
- Cleaning Service
What is the best franchise to own in 2021?
When you have no financial issues and want to start a business, going with a reputable brand name is wise. Some of the best and reputable franchises to own in 2021 are:
- Window Medics
- Mr. Clean Car Wash
- Jackson Hewitt
Conclusion Many entrepreneurs prefer franchise opportunities to individual startups because a typical franchise opportunity comes with a proven structure for success. When an individual business startup requires more time and effort to establish, a franchise business can help the entrepreneur skip some of the steps and start where you start earning.