cheapest restaurant franchises
Even though it typically requires less leg-work than starting your own business from scratch, buying a franchise is still a large endeavor. 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. Becoming a Baskin Robbins franchisee means joining the world’s largest chain of ice cream stores, for potentially under $100K. As a veteran, you get a franchise fee waiver for our first store. Baked goods. Fundera is a good place to start your search for business funding, including SBA loans. Our reviewers praised TouchBistro for a well-designed UI, easy to use format, competitive monthly cost, and numerous integrations. Franchise Fee: $30,000 Total Start-Up Costs: $181,900–$340,400 (traditional); $108,500–$368,100 (nontraditional) Royalty: 6% of net sales (for full bakery) Renewal Fee: 10% of the then-current initial … Dream Vacations is a Low-Cost Franchise Opportunity Under 25K. Soccer Shots Franchising LLC offers in-house financing to cover the franchise fee, and veterans receive a 15% discount on the fee. Required fields are marked *. This franchise is an especially good deal for veterans, as the company will waive the $30,000 franchise fee entirely for those who have served in the military. Restaurant Franchises Aren't Cheap . Checkers and Rally’s has a range of powerful marketing strategies. Your email address will not be published. 5. Search for the best low cost franchises here in the low investment section of Franchise.com, where you can find businesses and franchises under $10k for start up costs. This has actually created a new dimension of competition for pizza restaurant franchises. McDonald's Franchise. By filling and submitting an online form, you get a response in no time. Such include its support services. 11. According to BuildingStars, this franchise offers the highest average gross revenue of any cleaning franchise. At FranchiseDirect.com, you'll find the best food franchises in our comprehensive franchise directory. To help you find a quality, low-cost opportunity, I’ve compiled this list of franchises that not only have a low price tag, but also have the potential for high profits. Started by 2 former firefighter brothers, every of its franchise locations is decorated with firefighting memorabilia. If you just want to teach, it costs around $2,500, including an initial franchise fee of $1,250. 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. Veterans get a 10% discount off of the franchise fee. Close Apply. Join us as we consider some of the easiest and most affordable food franchises to own. This covers the payroll, accounts receivable, and startup costs. Understand What Defines a Restaurant as a Franchise . Cruise Planners offers in-house financing if you can’t afford the franchise fee, as well as a deep discount for veterans, first responders, and travel industry professionals. Europe's top franchise opportunities have been catalogued here in our Franchise Europe Top 500. This is one of the cheapest and easiest food franchise opportunities you’d find. Copyright © 2021 Merchant Maverick. BuildingStars is one of the largest, fastest-growing franchises in the commercial cleaning industry, with a sole focus on solutions for office buildings. As such, this financing arrangement covers equipment purchases. The initial investment is the highest one on this list, but is still quite low compared with most competing fast-food franchises. Low-Cost/Cheap Franchises. In any case, demand for Jazzercise aerobics classes is going strong in 2020. Owning a franchise isn’t for everyone; there is a lot of hard work involved, and you are bound by working to someone else’s ideas, systems and rules. Nevertheless, we are sure the franchise opportunities we will provide here will be of significant help. It offers SBA/PPP loans, term loans, lines of credit, and invoice factoring. Franchise units: 42,000+ Initial investment: $150,050 - $328,700 Royalty Fees: 8%. Like Chester's, Champs Chicken is a low-cost chicken restaurant. Travel Leaders is currently seeking experienced travel agents worldwide. Despite potential drawbacks, if you need a fast loan or don’t qualify elsewhere, it's hard to beat OnDeck. Shannon is a writer and editor based in San Diego, CA. Fattmerchant is one of our top picks for Credit Card Processing! Pennsylvania Restaurant and Food Franchises. Opinions expressed here are author’s alone. When comparing to restaurant franchises, Dunkin’ is a leader in providing training to its franchisees. This franchise opportunity currently has a presence in over 50 countries. Click here for free info on successful food franchises … PaymentCloud is one of our top picks for credit card processing! Subway is one of the fastest-growing franchises in the world and … You’ll also need to have enough working capital to run your business and support yourself before your franchise makes a profit. I’ve divided them into categories to make it easier for you to navigate depending on which type of franchise interests you most. 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. But affordability may mean different things to different people. Close. Get access to the newest Cheap Franchises first: Get Access. You do not need any fitness instructor experience to own your own Baby Boot Camp franchise. Get started today for free. There’s also a discount on royalty fees for 5 years. All Rights Reserved. However, there are a lot of low-overhead franchises that you can start without breaking the bank. She is the former editor-in-chief of SteelOrbis, an online trade publication. In 2017, Baskin teamed up with DoorDash to offer home deliveries. There are even low-cost fast-food franchises out there if you know where to look. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. Unique Benefits:Quick startup, low overhead, patented “Flavorwave” self-serve system Kona Ice is a fast-growing food truck franchise that … 10 low-cost franchises you can start with $15,000 or less and reap a six-figure salary Published Sat, Sep 21 2019 10:30 AM EDT Updated Mon, Sep 23 2019 3:16 PM EDT Barbara Booth … Get three months free when you sign up with Helcim through our links! The franchise fee is $30,000, and the initial investment to open a Rascal House franchise ranges from $386,700–$694,700. Your recipe for success awaits. 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. Shannon has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. Both new and existing franchisees benefit from its training programs. If you love food and making people happy then owning your own restaurant could be for you. Restaurant Mochachos … Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support. For a limited time, get three months free when you sign up via our links! Dunkin' Donuts requires prospective franchisees to have a minimum of $1.5 million net worth and $750,000 in cash reserves. If you want to own your own Jazzercise center, it can range from $9,000 to $38,000. Scott Olson/Staff/Getty Images News. Not so expensive! See only the right lenders for you with our Filtering Tool! Search. MIDTOWN WEST 322 West 50th Street (Inside World Wide Plaza) 212-307-7029 For example, if you already own a grocery store or convenience store, you can become a Chester’s franchisee to start selling Chester’s Chicken in your existing store. Subway is an American privately held fast food restaurant franchise that primarily sells submarine sandwiches and salads. Your initial fees can run between $17,500 at the low … Franchises do not run themselves. These include comprehensive training and support. Mosquito Squad … ShippingEasy is one of our top picks for shipping software! According to information in their FDD (Franchise Disclosure Document), it requires upwards of 10 employees to run a Travel Leaders agency, and the initial franchise fee is only $1,500. Soccer Shots owners also report a high level of satisfaction: 93.5% of Soccer Shots franchisees would recommend the franchise, according to the Franchisee Satisfaction Index by Franchise Business Review. 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. Only you can decide whether the pros outweigh the cons. Restaurants employ an estimated 12.8 million people in the U.S. alone, and women and minorities are strongly represented in this sector. The company website also lists existing franchise territories for sale, which you might be able to buy at a lower rate. These requirements put many popular restaurant franchises out of reach for most aspiring franchise owners. 1. Lendio is one of our top picks for PPP/Business Financing! 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. Most of the franchises on this list do allow you to finance your franchise startup costs via a loan or other means. See Franchises … JAN-PRO franchisees offer cleaning services to businesses such as car dealerships, restaurants, banks, gyms, schools, churches, medical centers, and offices. You can start a JAN-PRO franchise for less than $5,000, which includes initial cleaning equipment, cleaning accounts, education on JAN-PRO cleaning standards, and ongoing support. Top fast food franchises include McDonald's, Burger King, Subway, and Yum!