First time franchisees may be hesitant to invest a large sum of money in their first venture – that’s why it is important to find cheap franchises that are still profitable.
To help make your first venture less stressful, here are five options that have a successful track record, but won’t require an investment that will break you.
West Sanitation Services
West Sanitation Services have been in operation since 1883 and are based in Torrance, California. West Sanitation is one of the cheapest franchises, but it is also one of the most popular – it made Entrepreneur’s 2011 Franchise 500 list. The company has achieved success by developing a line of proprietary odor control products.
There are currently 75+ successful franchises and if you are a money conscious entrepreneur, this is an opportunity you should consider.
CTi Concrete Technology
If you are looking through cheap franchises that provide support, training and a proven business model, CTi is an option you should explore.
The company was founded in 1991 and since its founding has experienced over 700 percent growth – it has also been listed on the Inc. 500 list of the fastest growing, privately held companies. It has won many other accolades, including awards from Maddux, and Deloitte and Touche.
Outside of its growth and its awards, franchisees also gain access to a support network that spans 22 countries and does not charge the franchise fees or royalties that are frequently associated with such successful franchise opportunities.
Kona Ice
Kona Ice, an incredible and mobile shaved ice concept, has expanded to more than 225 locations in just four years and offers franchisees lower overheads, stable revenue, and a brand associated with social responsibility. These many advantages are available for one of the cheapest franchises in the United States – it only requires a minimum capital investment of $20,000.
As important as the stable income stream and low overhead costs are, you also gain in-depth training and plenty of marketing support.
Kid’s Closet Connection
Children’s clothing can be expensive and besides, needs replacing often as kids grow. An important market opportunity exists in affordable, gently-used kids clothing for parents to buy. This franchise will save consumers as much as 90 percent.
Its success is marked by being the fastest growing children’s consignment sale in the nation. The concept has been embraced by parents who are looking to recycle their children’s clothing and also offer some financial support to their family.
The major benefit of such franchises is that they are recession proof and can actually see better than average growth during downturns in the economy when more people are looking for cheaper clothing alternatives.
Heits Building Services
Heits has grown at one of the fastest rates of all US franchises. Since opening in 2003, Heits has expanded to include 75 franchises with the goal of adding 50 more in the next year.
The company benefits from the growing trend of outsourcing maintenance and cleaning services as organizations look to reduce their costs. In addition to capitalizing on this trend, Heits offers a proven business model, discounted materials and supplies, advertising and marketing systems and access to a central corporate call center to manage your leads.
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