In this article, we will discuss the 5 low-cost franchises with high profits. If you want to read our detailed analysis, you can directly go to 20 Low-Cost Franchises with High Profits.
5. Home Helpers Home Care
Minimum Investment Required: $28,900
Estimated Sales Revenue Per Year: $391 Million
According to our methodology, Home Helpers Home Care is ranked among the most profitable low cost franchises in 2023. The company offers in-house care for the elderly, especially those with disabilities or illnesses. In the instance of the caregiver being unavailable, the company offers services or technologies supporting 24/7 monitoring of the client. The network exists in over 300 locations across North America.
4. OpenWorks
Minimum Investment Required: $25,000
Estimated Sales Revenue Per Year: $58.4 Million
The OpenWorks franchise provides facility management services commercially. The company offers a range of services to businesses of all sizes including commercial cleaning, electrical services, security services, budgeting, forecasting, and project management. The company currently has 700 franchises across the United States.
3. Brightway Insurance
Minimum Investment Required: $23,100
Estimated Sales Revenue Per Year: $356.7 Million
Brightway Insurance is an insurance agency network. The insurance company has established relationships with insurance companies, allowing them to give expert advice to its customers as per their requirements. Customers can even acquire the services of an independent agent through Brightway Insurance. The initial investment of Brightway Insurance is at most $25,000 with in-house financing options.
2. Mattress By Appointment
Minimum Investment Required: $15,000
Estimated Sales Revenue Per Year: $47.6 Million
Mattress By Appointment is backed by a unique business idea. The company is a network of retailers selling mattresses on an appointment basis. Since these retailers do not experience overhead costs, it is easy for them to charge a lower price as compared to their competitors. The network now has over 500 locations in the United States alone.
1. Cruise Planners
Minimum Investment Required: $6,995
Estimated Sales Revenue Per Year: $455.5 Million
According to our methodology, Cruise Planners is the most profitable low-cost franchise. The minimum cash requirement for this franchise is not more than $7000, adding up to a total of $10,000 with miscellaneous costs. Cruise Planners is a home based travel advisor franchise network. The company allows people to become learned travel agents and gives them the opportunity to run their travel agency from around the world. The company offers services in marketing, mobile technology services, hands on training, lead generation tools, and coaching. The company made $455.5 million in estimated annual sales.
You can also check out 25 Most Business Friendly Countries in the World and 15 Best Countries for Dual Citizenship for US Citizens.
