Are you ready to start your own business, but don’t quite have the capital or desire to invest a significant portion of your retirement fund on a new endeavor? For many people, starting a franchise is a great way to enter into the role of a business owner without the difficulty, but the startup costs often times feel overwhelming. With low cost franchises, owning a business becomes both easy and affordable.
For under $25,000 there are a number of exciting industries and niches that you can get started in right away. The following are some of the markets with low cost franchises available that you can start quickly and with minimal capital.
- Food services – Food franchise opportunities can be costly but not when you work with Kona Ice. This specialty food franchise is one of the best places to get started with minimal investment needed up front. Franchise owners have access to a mobile unit which they can use to go to markets where Kona Ice is in high demand. This flexibility and low startup cost help aspiring entrepreneurs break into the food industry and find their niche.
- Tutoring services – Children are the future of our society and their level of education affects us all. By starting a low cost franchise such as Club Z! In-Home Tutoring, you are able to give back to the community around you and help children do better in school. This is a perfect franchise opportunity for people who not only have less money to invest but also those who are unsure if they can or want to devote full time work to their new franchise.
- Concrete services – Home improvement has seen a rise in sales since the economy has suffered. Now, people are no longer quick to sell their homes and instead put their investment toward new upgrades to boost the value of their house for when it goes to market. With concrete services such as those offered by CTi Concrete Technology, you can provide new ways for people to give their walkways and backyards a new look while avoiding a high initial investment in your company.
- Senior care – As our population ages, the need for senior care rises. There are a lot of benefits to entering into a franchise that provides this type of service to the people in our communities who need it the most. This low cost franchise gives people who are able and willing to give back the opportunity to do so without a high startup fee.
- Business consulting – Businesses are struggling in the down economy and to help, many turn to business consultants to guide their team. With companies such as 360 Solutions, you can get started as a business consultant without having to spend a lot of money on a startup investment. For people who are passionate about helping businesses grow, this is an ideal opportunity.
If you are interested in starting a franchise, but are unsure if you want to invest significant capital in a new business, look into one of these niches for low cost franchises that can help you.