You want to get started with a shoestring budget smart move. But don’t be fooled, most of the really affordable franchises are not so cheap just because the brand is charitable. Low-cost, because they are designed to be lean.
Home-based or mobile that’s no killer storefront lease sucking your cash out each month. The franchise fee isn’t high, equipment isn’t too expensive and at least it’ll be you doing the hard yards to start, not paying a team of staff to do it.
Travel Agent Franchise
That’s the general form. Travel agent franchises, or those who sell dream holidays, do it all from the comfort of their own laptop.
Some of the commercial cleaning brands like Jan-Pro and the like, keep the startup costs low because you can basically get away with just a vacuum and a van. Fitness franchises like Jazzercise rely on the instructors to do the day-to-day work. They don’t build some huge gym space.
And of course, mobile pet groomers and car detailers can skip renting altogether. Want the real low down? There you will find the cheap franchises that are real.
The Number Nobody Ever Puts In The Fine Print
Here’s where the trap is set.
The franchise fee gets all the glory but it’s not the whole story. You’ve also got those pesky royalties that’ll be taking a slice of your profits forever.
And then there’s the working capital the cash you need to keep your business afloat until people start showing up and paying you which is slower to start than you might think.
Read the FDD. Every single one of these cheap franchises is going to have an Item 7 that gives you a real idea of what to expect. Take the time to do the math before you even think
