Franchising is one of the most attractive business start-up methods, particularly for first-time entrepreneurs. Its ease of starting up, and its established name, makes it a popular choice for would-be businesspeople. However, one of the most common misconceptions about franchise businesses is that it always needs skyrocketing initial investment. That isn’t always true. Before proceeding, learn more first from the best, like Franchise Know How, about the ins and outs of profit and cost analysis for franchising business. Doing so will give you a better understanding of franchising before listing down your possible opportunities.
Not having a large initial investment also applies to more prominent franchises. There are many reputable and profitable franchise opportunities that won’t burn a hole through your pocket because they are relatively small businesses. This article gives you a list of the top small franchise opportunities.
This first small business franchise opportunity tops the list for a good reason: it isn’t a stranger to the franchise convenience store industry. 7-Eleven has consistently been high on the list of top franchises all over the world because of its popularity. Plus, the great thing about it is that you don’t need high investment to start up, as you can open up your very own franchise with as little as 40,000 US dollars.
Depending on the size of your branch, the initial franchise cost can spike even higher. 7-Eleven is an excellent franchise choice because of its popularity all over the world. It currently stands as one of the world’s most well-known convenience stores.
- Cruise Planners
If you love traveling, then this franchise opportunity is right for you, as it is a travel company. Cruise Planners is one of the most popular cruise planning companies in the whole of America. The biggest advantage of a Cruise Planners franchise is that you do not need to have an office to start. This is a lovely choice for stay-at-home moms who are looking for a business that they can do from home. Excited to start one? Here’s even better news: you only need around 21,000 to 24,000 US dollars to start your own.
- Anytime Fitness
For the health conscious among you, opening up a gym is an excellent choice. Manning a gym is so much easier, when, as the owner yourself, you are also interested in this enterprise. Anytime Fitness is one of the best small business franchises, as it has even ranked 17th in Franchise 500. To open up your own franchise, you will need a total of around 300,000 US dollars. Why is this a profitable option? With the present clamor to live a healthier lifestyle, more and more individuals are patronizing gyms for their daily dose of exercise and fitness routines.
- Soccer Shots
If you’re a family with kids, this is a great franchise opportunity, too. First started in 2005, this company came about to provide children and adults who love fitness and sports an avenue to engage in practice soccer games and soccer training. Although relatively new in the business industry, it is growing at an astounding rate of 60% each year. In fact, it has a record of over 350,000 students as well.
The great thing about Soccer Shots is that the company makes financing easy for aspiring franchise owners. The company offers in-house financing options to help you reach the monetary amount that you need to open up a franchise.
- Kumon Math & Reading Centers
Believe it or not, there are also franchising opportunities that are open for the academe. One of the best and cheapest options is Kumon Math & Reading Center. Kumon has ranked number 20 in the Franchise 500 list, which shows how much this choice is a profitable one for you. For your initial investment, you only need around 70,000 US dollars.
- Real Property Management
Entrepreneur Magazine ranked Real Property Management as number 1 in property management. This business opportunity also works best for those looking to work from home, because you can manage this business even without a physical office. This franchise opportunity takes on the task of managing the real properties of your clients, maintaining the homes of your clients, looking for tenants and buyers, and dealing with your real estate agent as well. To open your own Real Property Management, you will need around 87,000 US dollars to as much as 117,000 US dollars.
- TSS Photography
If you are a photo enthusiast, here’s great news for you, too: there is also a franchise opportunity that is just right for you. TSS Photography is a franchise opportunity that allows you to take photos, mostly of younger folk, and any sports event. TSS has been opening its doors to franchisees since 1984; hence you can also rely on its years of success in the business franchise industry.
As your initial franchise investment, you will only need around 20,000 to 75,000 US Dollars.
Now that you’ve got numerous options to choose from, here’s to hoping that it encourages you franchise a business. When looking to be an entrepreneur, you don’t always have to start big. Even with these small business opportunities, you can slowly grow an income while making your way towards becoming your own boss, for as long as you give your best efforts in your small business venture.