Introducing “23 Low-Cost Franchises With High Profit” If you want to start your own business without spending too much money, you’ve come to the right place. In this list, we’ll show you some franchise options that are both affordable and can make you money.
Let’s explore the world of franchising and see how you can make your dreams come true while staying within your budget.
Fit4Mom is a well-established fitness franchise that caters to mothers looking for pre and postnatal fitness and wellness programs. If you have a passion for fitness and a strong interest in supporting women’s health, this could be a great choice.
Fit4Mom has a proven business model and a supportive network, which can be invaluable for starting a new business.
Initial Investment: $5,465 – $7,465
Estimated Monthly Earnings: $3,000 to $10,000
Success largely depends on your ability to build a strong and loyal customer base, offering high-quality fitness and wellness services to local mothers, which can lead to substantial monthly revenue.
How to start a Fit4Mom franchise?
To start your journey with Fit4Mom, you’ll need to complete their training program and find a suitable location. The cost of leasing a space may vary based on your location.
2. Cruise Planner
Cruise Planner is a travel agency franchise specializing in cruise vacations. With the travel industry constantly evolving, this franchise offers a unique opportunity. However, it’s crucial to conduct thorough research and due diligence before making a decision.
Initial Investment: $3,000
Monthly Earnings: $3,000 to $6,000
How to start a Cruise Planner franchise?
To start your Cruise Planner franchisee requires industry training and affiliation with a host agency. You’ll also need to establish relationships with cruise lines and market your services effectively.
Read More: How to start a Business with no money
Subway is a globally recognized fast-food chain known for its healthy sandwich options. With low initial investments and high customer demand, it’s an excellent choice for those seeking low-cost, high-profit franchises. Success depends on factors like location, management, and local demand.
Initial Investment: $111,100 – $143,500
Monthly Earning: $40,000 to $60,000
How to start a Subway franchise?
- Research Subway franchise requirements on their website.
- Fill out and submit the franchise application online.
- Complete the required training upon approval.
Initial Investment: $400,000 – $800,000
Monthly Earning: $60,000 to $80,000
How to start a PetSmart franchise?
- Engage in discussions and interviews with the PetSmart team.
- Secure funding and select a suitable location.
- Set up your pet retail store and undergo training.
5. Chester Chicken
Chester Chicken is a fast-food franchise specializing in fried chicken and comfort food. In a world that loves fried chicken, this franchise holds great promise. Chester Chicken can be a good choice if it aligns with your goals and the local market conditions.
Initial Investment: $10,000
Monthly Earnings: $4,000 to $8,000
How to start a Chester Chicken franchise?
To start a Chester Chicken franchise, you’ll need to undergo training, secure a location, and obtain the necessary equipment and supplies. Marketing plays a crucial role in attracting customers.
6. The Grounds Guys
The Grounds Guys is a landscaping and lawn care franchise that requires minimal investment. With the evergreen demand for landscaping services, it can bring in substantial profits.
Initial Investment: $79,825 – $177,775
Monthly Earning: $15,000 to $25,000
Starting Your Grounds Guys Franchise
- Visit The Grounds Guys franchise website for requirements.
- Fill out and submit the franchise application.
- Interview with The Grounds Guys reps.
7. Tutor Doctor
Tutor Doctor is a global in-home tutoring franchise that provides personalized educational support to students of all ages, from elementary school to college level. The company’s unique approach involves matching students with qualified tutors who tailor their teaching to individual learning styles and needs
In an increasingly competitive education landscape, this franchise can be highly profitable.
Initial Investment: $69,700 – $92,600
Monthly Earning: $8,000 to $15,000
How to start a Tutor Doctor franchise?
- Participate in discussions and interviews with Tutor Doctor.
- Secure funding and choose a suitable location.
- Set up your Tutor Doctor business and receive training.
Dunkin the famous coffee and donut brand, provides a cost-effective franchise opportunity. Its broad customer base and minimal startup costs make it an attractive option.
Initial Investment: $228,620 – $1,692,020
Monthly Earning: $50,000 to $70,000
While Dunkin’ franchises are known for their profitability, starting a truly low-cost Dunkin’ franchise may be challenging, as the brand’s standards and requirements often demand substantial initial investments.
How to start a Dunkin franchise?
- Visit the Dunkin’ franchise website and review requirements.
- Complete and submit the franchise application.
- Get approval, secure location and funding.
- Open and serve your community.
Jazzercise is a dance fitness franchise that has been around for over 50 years. It blends dance with strength training, making workouts fun and effective.
Initial Investment: $1,250
Monthly Earnings: $1,000 to $2,500
To become a Jazzercise franchisee, you need to complete their training program and find a suitable location to conduct classes. You’ll also need to market your classes to attract participants.
ActionCOACH is a business coaching franchise that helps companies grow. With a proven system, it’s an excellent choice for entrepreneurs.
Initial Investment: $41,000 – $68,000
Monthly Earning: $10,000 to $20,000 or higher.
How to start an ActionCOACH franchise?
- Apply online and await approval.
- Interview with ActionCOACH reps.
- Secure funding, and set up your coaching practice.
- Training in ActionCOACH methodology.
Baskin-Robbins is a well-known American ice cream and cake specialty franchise. It’s famous for offering various ice cream flavors and creative ice cream treats.
Initial Investment: $94,300 – $401,800
Monthly Earning: $25,000 to $35,000
How to start a Baskin-Robbins franchise?
- Fill and apply.
- Attend an interview.
- Secure financing, choose a location.
Success depends on factors like location, marketing, and operational efficiency.
Jani-King is a commercial cleaning and janitorial services franchise. They offer franchise opportunities to individuals or businesses interested in providing cleaning services to a wide range of clients, including offices, healthcare facilities, schools, and more.
Initial Investment: $11,250 – $35,700
Monthly Earning: $10,000 to $20,000
Starting Your Jani-King Franchise
- Visit the Jani-King website.
- Complete the online application.
- Pick your territory and secure funding.
13. Anytime Fitness: Fitness Franchise
An Anytime Fitness franchise is a fitness center business that individuals can purchase and operate. It provides access to a proven business model, branding, and support from the franchisor. Franchisees typically receive assistance with site selection, equipment procurement, and marketing strategies. The franchise allows individuals to run their gym while benefiting from the established Anytime Fitness brand.
Fitness enthusiasts should consider Anytime Fitness. Their 24/7 gym concept and cost-effective model make it a compelling choice.
Initial Investment: $84,800 – $602,300
Monthly Earning: $10,000 to $20,000, influenced by the number of members and membership fees.
Starting Your Anytime Fitness Franchise
- Chat with the Anytime Fitness team.
- Apply and wait for a response.
- Get funding, and pick a location.
14. Tax Preparation: Liberty Tax
Liberty Tax is a well-known tax preparation and financial services company that provides tax return preparation services for individuals and businesses. They operate through a franchise model, with independent franchisees offering tax preparation services to clients.
Liberty Tax is a tax preparation franchise with low startup costs. During tax season, it offers a prime opportunity for profitability.
Initial Investment: $58,700 – $71,900
Monthly Earning: Earnings during tax season can reach $30,000 to $50,000.
Your earnings are contingent on the number of customers you attract and the quality of your work.
15. Real Estate Profits: HomeVestors
HomeVestors is a real estate investment company known for its “We Buy Ugly Houses” advertising slogan. They purchase distressed or unwanted properties from homeowners looking to sell quickly. HomeVestors offers franchise opportunities for individuals interested in real estate investing.
Initial Investment: $18,300 – $48,800
Annual profits: $50,000 to $100,000
The actual cost can vary depending on location and specific circumstances, so it’s advisable to contact Liberty Tax for precise information on purchasing a franchise.
16. Little Caesars
Little Caesars is a popular American pizza chain known for its affordable and convenient takeout and delivery options. Founded in 1959, it’s one of the largest pizza chains globally. They offer a limited menu focused on pizza, including their famous “Hot-N-Ready” pizzas, often available for immediate purchase. Little Caesars provides franchise opportunities for individuals interested in owning and operating their pizza outlets.
Initial Investment: $382,735 – $1,571,500
Monthly Earning: $30,000 to $50,000
Starting Your Little Caesars Franchise
- Submit an online application.
- Wait for approval.
- Consult with a franchise advisor to find a location.
- Grand opening and start serving hot and ready pizzas
Meineke is an automotive repair and maintenance franchise with a low initial investment. The steady demand for auto services can lead to high profits.
Initial Investment: $222,000 – $433,000
Monthly Earning: $20,000 to $30,000
Starting Your Meineke Franchise
- Visit the Meineke website, and check requirements.
- Discuss with the Meineke team.
- choose location.
- Start automotive services.
18. Mr. Handyman
Mr. Handyman is a franchise business specializing in providing professional handyman services to residential and commercial customers. The company offers many home improvement and maintenance services, including plumbing, electrical work, carpentry, painting, and drywall repair. As homeowners always require these services, they offer a stable income.
Initial Investment: $111,100 – $143,500
Monthly Earning: $15,000 to $25,000
Starting Your Mr. Handyman Franchise
- Talk with Mr. Handyman’s reps.
- Secure funding and pick a location.
- Launch your repair business after training.
- Offer handyman services to local clients.
Visiting Angels offers senior care services, which are in high demand due to an aging population. This franchise can generate substantial revenue.
Visiting Angels offers in-home care for seniors and individuals with disabilities, providing companionship, personal care, respite care, and assistance with daily tasks such as meal preparation, medication management, and mobility. Their goal is to enhance independence and well-being within the comfort of one’s own home.
Initial Investment: $78,200 – $200,700
Monthly Earning:$12,000 to $20,000
Starting Your Visiting Angels Franchise
- Visit the Visiting Angels franchise website for requirements.
- Engage in discussions and interviews with Visiting Angels.
- Secure financing and choose a suitable location.
20. Five-Star Painting
Five Star Painting provides painting services for both homes and businesses. The real estate market drives demand, resulting in high profitability.
Initial Investment: $57,750 – $92,100
Monthly Earning:$10,000 to $15,000
Starting Your Five-Star Painting Franchise
- Talk to Five Star Painting reps.
- Get funding and choose a location.
- Set up services and receive training.
- Start offering painting services in your area.
21. Right at Home
Right at Home is another franchise that specializes in senior care. The growing need for these services presents a significant profit opportunity.
Initial Investment: $87,750 – $136,100
Monthly Earning: $12,000 to $20,000 per month.
Starting Your Right at Home Franchise
- Visit their website.
- Complete the application and submit it.
- Secure funding and pick a suitable location.
- Set up your agency and undergo training.
- Start providing senior care assistance services.
For those with a passion for frozen desserts, Menchie offers a low-cost frozen yogurt franchise. The love for frozen yogurt remains strong, making it a profitable venture.
Initial Investment: $251,885 – $385,100
Monthly Earning: $15,000 to $25,000 per month.
As for annual profits, they can vary widely depending on the location, competition, and local demand.
Signarama is a well-known franchise specializing in custom signage and graphics solutions for businesses and individuals. They offer a wide range of services, including banners, vehicle graphics, digital signs, and more. You can buy a Signarama franchise.
Initial Investment: $173,000 – $214,000
Monthly Earning: $10,000 to $20,000 per month.
Starting Your Signarama Franchise
- Apply for the franchise.
- wait for approval.
- Secure funding.
- Choose a location.
- Set up your store, get equipment, and receive training.
- Provide signage and graphics services to local businesses.
these 19 low-cost franchises with high-profit potential offer a wide range of options for aspiring entrepreneurs. By carefully considering your interests and the demand in your area, you can choose the franchise that best suits your goals and resources. Whether it’s food, fitness, or services, the right franchise can lead to a successful and profitable business venture.
Are low-cost franchises a good choice for beginners?
Low-cost franchises can be an excellent choice for beginners as they offer a lower financial barrier to entry. However, success still depends on various factors, including your dedication and market conditions. You can consider starting as a beginner with low-cost franchises like Fit4Mom, Cruise Planner, and PetSmart.
What kind of training is usually required to operate a franchise?
Training requirements vary by franchise, but they typically cover operations, marketing, and other essential aspects of the business.
How can I choose the right franchise for me?
To choose the right franchise, consider your interests, skills, and the current market demand. Conduct thorough research and seek advice from franchise experts.
Is it possible to run a franchise as a part-time venture?
Running a franchise part-time can be challenging, but it’s possible with the right time management and support.
Are there any ongoing fees associated with these franchises?
Most franchises have ongoing royalty fees or marketing fees, so it’s essential to understand these costs before committing to a franchise.