The cheapest franchises you can buy into are a diverse bunch. Starting a business on your own might be a daunting task, especially for someone without any previous experience in the world of entrepreneurship. But if you’re committed to starting your own venture, you should definitely consider franchising. This method will give an already established business idea, as well as much needed ongoing support.
Starting a franchise does not have to be a costly adventure. While it is certainly true that you need good money for some franchises out there, there are plenty of affordable options to choose from. Following, we would like to present you with a list we have compiled of the top 8 cheapest franchises you can buy into. We have included several important indicators for each of the franchises, such as franchise and royalty fees, total net requirement, and national franchise rate growth. The franchise opportunities were ranked according to net worth requirement, which represent the total amount of assets, liquid or otherwise, you need to prove you have before being awarded a license.
Let’s take a look at the countdown of the cheapest franchises you can buy into.
No. 8 Cheapest Franchise You Can Buy Into: Fibrenew
Product and category: plastic and leather products restoration
Franchise fee: $65,000
Royalty fee: $550 per month (flat, starting from the 7th month)
Net worth requirement: $100,000
No. of US franchises: 100
Franchise growth: 127%
No. 7 Cheapest Franchise You Can Buy Into: Home Instead Senior Care
Product and category: non-medical home care for seniors
Franchise fee: $39,000
Royalty fee: 5%
Net worth requirement: $100,000
No. of US franchises: 609
Franchise growth: 8.9%
No. 6 Cheapest Franchise You Can Buy Into: Pro Energy Consultants
Product and category: Energy auditing & conservation
Franchise fee: $29,900
Royalty fee: $500 per month (flat for 2 years, $800 flat per month afterwards)
Net worth requirement: $100,000
No. of US franchises: 51
Franchise growth: 350%
No. 5 Cheapest Franchise You Can Buy Into: i9 Sports
Product and category: Youth sports
Franchise fee: $19,900
Royalty fee: 7.5% (gross revenue)
Net worth requirement: $100,000
No. of US franchises: 133
Franchise growth: 35%
No. 4 Cheapest Franchise You Can Buy Into: Simple Simon’s Pizzas
Product and category: eateries. Pizzas & sandwiches
Franchise fee: $15,000
Royalty fee: 3%
Net worth requirement: $100,000
No. of US franchises: 220
Franchise growth: 10%
No. 3 Cheapest Franchise You Can Buy Into: Mathnasium
Product and category: Supplemental education
Franchise fee: $27,500
Royalty fee: 10%
Net worth requirement: $75,000 – $80,000
No. of US franchises: 262
Franchise growth: 106%
No. 2 Cheapest Franchise You Can Buy Into: Heaven’s Best
Product and category: Home & office cleaning services
Franchise fee: $28,900
Royalty fee: $80 per month (flat rate)
Net worth requirement: $60,000 (at least $20,000 liquid assets)
No. of US franchises: 1,255
Franchise growth: 0.2%
No. 1 Cheapest Franchise You Can Buy Into: Fetch! Pet Care
Product and category: pet sitting & dog walking services
Franchise fee: $15,000
Royalty fee: 5% plus a 1.5% brand fee
Net worth requirement: $25,000
No. of US franchises: 165
Franchise growth: 11.5%
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