More women own businesses today than ever before, however the numbers of successful businesses owned by women are alarming. Only 6.6% of U.S. businesses that have more than $1 million in annual sales are owned by women. If you’re a woman entrepreneur who wants to be part of this small group of high earners, investing in a franchise is a wise move. Franchise owners enjoy the freedom of owning their own business combined with the training and ongoing support from the franchisor. Getting this kind of support can make it simple for women entrepreneurs to succeed.
Investing in a franchise doesn’t have to mean spending six figures on starting your business. Low cost franchises for women entrepreneurs can cost significantly less, which will allow you to get in business faster and see results quicker.
Check out the top 5 low cost franchise suggestions for women entrepreneurs.
Aloette Cosmetics – This cosmetics franchise opportunity holds quality in high regard. Using high quality aloe ingredients they’ve developed unique skin care and cosmetics. Franchise buyers have an initial capital investment of $10,000 to $20,000, and then can sell the high quality products to customers. You can also earn commissions from training other Aloette representatives.
Trimmers Holiday Decor – Most people love to decorate during the holiday season, but few have the time or the skill. With Trimmers Holiday Décor franchise, you can take advantage of this seasonal need. You don’t need professional decorating experience in order to be part of this opportunity. You’ll get training at the headquarters and pre-opening help in your location. The franchise fee for this opportunity is just $25,000.
Massageluxe – It’s estimated that the massage industry earns $11 billion per year, and this franchise allows you to be part of this growing field. Routine massages are important for stress relief, pain relief and as a complementary therapy to medical diagnoses. Massageluxe franchise gives you the training, marketing help and business model to run a successful massage studio. In addition to massage services, you can build in sales with gift cards, sales of massage related products and special events. You’ll need a liquid capital of at least $43,000.
The Lemon Tree Family Hair Salon – Lemon Tree Family Hair Salon can be a perfect franchise opportunity for anyone who wants to run a professional, friendly and successful hair salon. Hair care franchises are part of an industry that has sales of over $80 billion per year. Lemon Tree has a recognizable brand and gives you the professional training in order to give designer haircuts for men, women and children. A liquid capital of at least $68,600 is required for this franchise, which has been around since 1974.
Mona Spa and Laser – With a 27 year history, this day spa franchise has proven practices and business training. As a franchise owner, you’ll get your own exclusive territory to grow and build your day spa customer base. A liquid capital of $80,000 is necessary to purchase a Mona Spa and Laser franchise.