Buying a franchise instead of starting your own business greatly increases your chances of success as a business owner. Buying a franchise is like going into a partnership agreement where you may be the junior partner.
This means that many franchises have more power to control your business than others do. Always do you research before buying a franchise.
Does the demand exist for the product? What competition exists for the business? Is demand going to change in the future for this product?
I noticed one particularly cheap franchise I did not list here, because I feel the product offering will be obsolete soon. Always consider the future demand before buying any business.
A commercial cleaning service that can be started for $14,000- $94,000. Jani-King also made Entrepreneur’s magazines top 10 list.
If you buy this franchise (especially with low capital) you may end up being the prime janitor in the business. It is good honest work, but it is not for everyone.
EmbroidMe is a franchise that sells embroidered products for businesses. Shirts, mugs, pens, frisbees and much more are carried by this brand.
As a small businessperson, I see the EmbroidMe franchise everywhere.
The start up cost is very low. They do not even require a store front, so the business can be run from your home.
You can network your way to business. Most small businesses need branded SWAG, and networking events is the perfect place to find small business.
PosiGrip franchises are about $8,000-$10,000. The easy-to-apply product make surfaces safer by making surfaces less slick.
Send Out Cards
Send Out Cards make greeting cards with small business in mind. The cards can be used for friends and family, but they are mostly geared to small business with a large client list that need help sending out all of their cards.
The prices are reasonable, and the cards look nice. I have never jumped in as a small business owner myself, because I prefer to hand write my cards. However, many small businesses do not have that much time and could really use this product.
U-Turn Vending offers Vending machines as a low cost (about $7,200) franchise business. As the world becomes more 24/7, the vending machine business may see an increase in demand.
Vending machines are a job. If you plan to stock the machines yourself, you must be there every week restocking. Taking a vacation could be difficult.
It can be back breaking work. The competition is also high.
If you do find a nice spot, the owner of the store may try to remove you. They could buy their own machines, and remove you from the store so they can make your profit.
It is an interesting business, but definitely not free money like some vending machine salespeople will have you believe.