"Leadership Management International Inc." Accessed May 18, 2020. What Is Venture Capital & How Does It Work? Entreprenuer.com. Accessed May 18, 2020. If you are a dedicated hard worker but don’t necessarily have a specific skill-set, starting your own cleaning business can really pay off. The company website also lists existing franchise territories for sale, which you might be able to buy at a lower rate. As for the instructors, most of them are franchisees. Get started today for free. In fact, all you need is $1,000. We also reference original research from other reputable publishers where appropriate. However, there are a lot of low-overhead franchises that you can start without breaking the bank. Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. The company offers in-house financing if you can’t afford the franchise fee, or you could also get a franchise loan from a bank or online lender. Our reviewers praised TouchBistro for a well-designed UI, easy to use format, competitive monthly cost, and numerous integrations. Soccer Shots instructors/franchisees teach children basic soccer skills, via 30–40 min weekly classes that take place at their preschool, elementary school, or local community park. With over 8,000 locations across 54 countries, Baskin’s offering includes not only its beloved rotating 31-flavors of ice cream, but also its popular ice cream cakes and frozen drinks. Initial investment costs for the franchise are between $20,000 and $27,500 with an initial franchise fee of $15,000 and a low royalty fee of 6%. Xero VS QuickBooks Desktop: How Do These Two Accounting Software Giants Compare? Apartments for Rent Under $500 in Hamburg, NY . Not only is Fundera convenient and helpful, but it also has transparent terms and fees. She has been with Merchant Maverick since 2015, writing about POS software, small business loans, and financing for women entrepreneurs. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo. The listings shown on Point Franchise can be sorted to show you only the opportunities available within your preferred budget. It sells travel packages, hotels and tours, and travel-related excursions. Blogs are easy to start and a great business to start for under $500. The franchisee testimonials I found online say JAN-PRO has flexible hours and good compensation, and like the fact that franchise owners can transfer ownership; however, they report that JAN-PRO can be demanding work until you have well-trained employees. Copyright © 2021 Merchant Maverick. When you treat your blog like a business, it could start earning money like one. "2019 Annual Report," Page 23. Accessed May 18, 2020. Conveniently, Baskin lists opportunities to purchase existing Baskin Robbins locations on its website. Jazzercise offers several different tiers of ownership. ShippingEasy got a 5-star review from our team. There are various ways to finance a new franchise. However, it’s also a lot pricier, with an initial investment that ranges from $395,500-$1,597,200, including a franchise fee of up to $90K. Jazzercise has 6,585 U.S. franchises and 1,975 outside of the U.S. Donorbox is one of our top picks for Donation Systems! Let Apartments.com help you find the perfect rental near you. Dream Vacations also offers in-house financing for the franchise fee. Buying a franchise is not cheap. Is it a franchise or a pyramid scheme? You do not need any prior janitorial experience to open a Stratus franchise. The franchise fee itself is amazingly low, only $3,500. Below is a list of franchises that require under $500K as an initial investment. Required fields are marked *. "Apply." This flexible cleaning franchise boasts 16 different levels of ownership, from home-based to master franchise. Fitness and sports coach franchises are another low-cost franchise idea if you are an aspiring fitness instructor who wants to benefit from the recognition of a name-brand sports/fitness franchise. If you just want to teach, it costs around $2,500, including an initial franchise fee of $1,250. Low Cost Franchises Under 500. "Jazzercise Franchise Costs & Fees." The initial franchise fee is between $495 and $9,800. Get three months free when you sign up with Helcim through our links! Square is free to use and currently includes a free card reader at sign-up! They offer travel agent services through a home network that provides customers with vacation packages that include cruises, car rentals, and on-land travel options. Sign up today and get a free card reader! As an example, it’s possible to purchase a … Everything You Need To Know About Small Business Payroll, Beginner's Guide to Starting an Online Store, Advanced Guide to Growing Your Online Store. Dog Training Elite. Accessed May 18, 2020. Accessed May 17, 2020. Baby Boot Camp participants cite the community aspect as the main reason they like these classes; they provide an atmosphere for new moms to make friends with similar-age children in their area. If a business comes along and needs that domain, sometimes they'll be willing to pay top-dollar for it. The few tools are cheap to get and it’s easy to learn to repair a … You do not need any fitness instructor experience to own your own Baby Boot Camp franchise. JAN-PRO’s VetConnectionSM program was the first franchise commercial cleaning program created exclusively for veterans—veterans receive a 15–20% discount on the franchise fee. TouchBistro is one of our top picks for Restaurant POS! For a limited time get 50,000 rewards points when you spend $1000 with Brex. Travel agency franchises are often home-based, meaning there is very low overhead and minimal startup costs. (For related reading, see: Share the Wealth With Franchises.). The franchise fee can be financed through in-house financing options while third-party financing is available to cover startup costs, inventory, and accounts receivables and payables., There's more to choosing a franchise opportunity than just the startup costs. For the right person and location, becoming a Chester’s franchisee could be the perfect opportunity. Our convenient home-based business model benefits Franchise Owners and customers alike. The company was founded in 1994 and started franchising in 1999 and currently has 3,061 franchises. Easily find PPP/SBA loans alongside other financing options. Entreprenuer.com. The offers that appear in this table are from partnerships from which Investopedia receives compensation. In case you were wondering, yes, Baskin Robbins’s sister franchise Dunkin’ Donuts is arguably an even hotter commodity right now. Chester’s Chicken is a low-cost fast-food franchise, and is, in fact, one of the most affordable fast-food franchises out there. To be honest, I couldn’t find that much information online about what it’s like to work for Travel Leaders, but the brand has accumulated a number of industry accolades over the years—to be specific, over the past 131 years the company has been in business (Travel Leaders has been franchising for 35 years). Next Slide Accessed May 18, 2020. "Dream Vacations." Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. Low cost franchises exist to fit any and all budgets. Shannon is a writer and editor based in San Diego, CA. Product & company names, logos, and trademarks referred to on this site belong to their respective owners. OnDeck is one of our top picks for Business Loans! Fast food franchises are typically big earners and as such, they often carry large initial investment. As long as you do your due diligence before buying into a franchise and secure adequate financing, you will be well-positioned for success as a franchisee. Accessed May 17, 2020. International Franchise Association. We love PaymentCloud's predictable pricing and excellent service. There are even low-cost fast-food franchises out there if you know where to look. She is the former editor-in-chief of SteelOrbis, an online trade publication. Partner Stores … We aim to help you … Lifestyle. DV lets you market your business under Dream Vacations or its sister company CruiseOne, and is currently looking for new franchisees throughout the U.S. A major benefit of owning a home-based travel agency franchise like Dream Vacations is its low overhead. Despite potential drawbacks, if you need a fast loan or don’t qualify elsewhere, it's hard to beat OnDeck. The ongoing royalty fee is extremely low at 1.3% to 3%, meaning you keep most of the income earned. Baskin has rolled out dairy-free and gluten-free options in recent years, as well as a mobile app that allows customers to order online and collect points. SmartBiz provides SBA 7(a) and PPP loans to small and large businesses. JAN-PRO is another fast-growing commercial cleaning franchise with multiple tiers of investment, including a home-based option. Some franchises will not even let you buy into the franchise if you don’t have deep enough pockets to cover your startup costs yourself (in other words, they don’t allow any kind of financing). ... Start earning $100, $200 or $500 … You will have to look outside of fast food for the most part, though there are some fast food and restaurant franchises that you can open for under $100K. Inc." Accessed May 18, 2020. Entreprenuer.com. H&R Block. Entrepreneur.com reports the startup costs of freelance bartending at “under $2,000.” But you can keep it under $100 if you start with clients who have the necessary equipment or by … BuildingStars has mostly positive reviews on sites like Glassdoor and Indeed (with average respective ratings of 3.6/5 and 3.9/5 stars on those sites). Get free info on cheap franchises under 5000 dollars on TopFranchise. In addition to offering the support and promotion of the franchise from the headquarters itself, many types of franchises can be purchased with startup fees that are affordable in the realm of ordinary people. When evaluating this franchise, I found their website to be very friendly and informative, though I couldn’t find a figure for the initial investment, apart from the $10,995 franchise fee (with no discounts). Another Alabama-based fast-food chain, Checkers Drive-In Restaurants merged with Rally’s Drive-In in 1999 to form a double drive-thru fast-food chain, Checkers & Rally’s. Though Baskin has been around since 1945, the brand is still growing and changing with the times to stay ahead of competitors. It offers SBA/PPP loans, term loans, lines of credit, and invoice factoring. The company has a low initial investment, starting at $2,245 and going up to $53,200. "Featured Franchisees of the Year exemplify H&R Block’s tax expertise and community support." You can buy a domain on the cheap -- sometimes for less than $1. Dream Vacations. According to BuildingStars, this franchise offers the highest average gross revenue of any cleaning franchise. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded. For instance, there are franchise opportunities under … Content Updates, Free Guides, and Discounts, The Retailer’s Inventory Management Guide: How To Use Your POS To Maximize Success, The Complete Guide To Understanding A POS System’s Offline Mode & Credit Card Processing. You have probably spent time already considering the best possibilities for … You’ll probably need to hire an attorney to help you perform pre-purchase due diligence tasks like reviewing the FDD (Franchise Disclosure Document). While buying a franchise can certainly be a profitable investment opportunity, the cost to actually start up a popular franchise is usually quite steep. Franchises that are mentioned here require little or no overhead that is why they come really cheap. Lightspeed POS is one of our top picks for Point of Sale! Cruise Planners, an American Express Travel Representative, is another low-cost, work-from-home travel agent opportunity. ... With over 500 locations in 44 states, our smokin’ hot franchise has been treating guests to Legit.Texas.Barbecue barbecue since … Here are a few ways franchisees finance their startup costs. Lots of multi-level marketing companies may sound like a franchise at the outset, promising to let you “own your own company.” But if the “opportunity” focuses mostly on recruiting other people to the company (rather than selling the actual product/service), then you’d probably be wise to run for the hills. In addition, they offer classroom training, online support, and a wealth of marketing support. , A popular name in getting fit and having fun through dance, Jazzercise has been around since 1969 and started franchising in 1982. H&R Block. Small Business Loans For Lawyers, Law Firms, & Attorneys: 6 Options For 2021, Your Complete Guide To Restaurant Inventory Management: How To Control Costs, Reduce Waste, & More, 7 Lenders That Are Offering Second Round PPP Loans Online. If you’ve ever dreamed of starting your own travel agency, Dream Vacations can allow you to do that for a 4-figure initial investment– and from the comfort of your own home. While this isn’t the cheapest franchise opportunity you’ll find, it is still possible to start a franchise for under $50K, and the pay is better than many other franchises—according to the Soccer Shots website, the brand’s franchise-wide top earner makes $3,093,392 in annual revenue, while the top first-year owner made $248,240. All new instructors are trained and certified by Jazzercise before they start teaching, and the training cost is included in the initial fee. Every instructor is technically a franchise owner, however (not an employee of Jazzercise). If you have between and $100 and $1,000 to start a business, here are … Featured Offer: We Recommend QuickBooks . Becoming a Baskin Robbins franchisee means joining the world’s largest chain of ice cream stores, for potentially under $100K. (For related reading, see: Is Buying a Franchise Wise? Explore franchises and business opportunities for sale under $500,000. No credit card is required to create your account. There are several important things you need to understand before purchasing a franchise: Read my Step-By-Step Guide To Buying A Franchise for more need-to-knows about how to buy a franchise. We occasionally send out emails with special offers. Advertiser Disclosure: Our unbiased reviews and content are supported in part by. With the low franchise fee and initial investment, Jazzercise is one of the cheapest franchises on our list. Here are 10 low-cost franchises you can launch with $15,000 or less, in fields ranging from event planning and real estate to travel. Travel Leaders is currently seeking experienced travel agents worldwide. Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. 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