Initial franchise fee: $20,000 to $30,000. 2022 GOBankingRates. At a minimum, Papa Johns franchisees need to have $75,000 in cash or liquid assets, a net worth of $250,000 and the ability to secure up to $275,000 in outside financing. Think again. Franchises are a great option for anyone who wants to have a combination of freedom and support, as this business model lets you work for yourself while enjoying the branding and experience of a larger company. Bonus Offer: Open a new Citi Priority Account by 1/9/23 and earn up to a $2,000 cash bonus after completing required activities. Lia Sestric is a Pittsburgh native and graduate from E.W. While some types of franchises can cost you millions in investment, there are still good quality franchises you can buy for under 100K. (Another fun fact? Website design & maintenance by. In addition to the low startup costs, you wont have to sweat the baking details, either. For example, our No. The first step is to look closely at each franchises investment requirements and whether youre financially capable of those investments.

The Simple Greek has a number of franchise locations opening up and is still looking to expand its reach across the country. The ice cream chain has been around for nearly 30 years and has over 200 locations in 20 states. Estimated total initial investment: $300,000. 36 entry on the Franchise 500 -- which delivers manufactured tools to customers -- has a low franchise fee of $7,000 and only requires a net worth of $33,000. Please try again later. or people who own several franchise locations. Apply here. In an effort to recruit more franchisees, the award-winning pizza chain Papa Johns offers new store owners several financial incentives, including new ovens for each store, reduced royalty fees for the first six years of operation, a $3,000 food credit (where applicable), a $5,000 marketing budget and last but certainly not least an entirely waived franchise fee. Related: The 5 Best Pizza Franchises You Can Start Today. Not a churroholic? We want our business to flourish so we take seriously the idea of growing new talent. If you have the capital for a more expensive franchise investment, but choose one that is low cost, you will have all that extra money to either better protect your investment or use it to grow your franchise business after you are established and thriving. Among these and other factors, franchisees also need to have at least two years of management experience under their belts, a strong credit history, a minimum net worth of $350,000 and $100,000 in liquid assets. Youd be hard-pressed to find a town in the Northeast that doesnt have at least one Dunkin. NerdWallet strives to keep its information accurate and up to date. Besides plenty of value in this price range, there is also plenty of diversity in the types of franchise businesses available. Here are 5 reasons why investing in franchises under 100K is best. So how do we make money? About 90% of McDonalds in the U.S. are owned and operated by franchisees; and, according to the company, McDonalds has the largest number of women and minority franchise owners in the fast-food industry. Like most franchisors, Dunkin doesnt offer financial assistance outright, but they can ease some of the financial burden through development incentives for certain franchisees, such as those who plan to open several restaurants. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $150,000. Pre-qualified offers are not binding. Like most franchisors, Dunkin doesnt offer financial assistance outright, but they can ease some of the financial burden through development incentives for certain franchisees, such as those who plan to open several restaurants. 50 to 2021 Small Business Spotlight: Check Out Our Small Business Stories, Plus the Nominated Businesses Near You Estimated total initial investment: $181,900 to $340,400. If youre not, look into whether the franchise offers financial incentives, as well as your qualifications to seek outside. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Top Franchises for Less Than $50,000 Ranking, Top Franchises for Less Than $150,000 Ranking, Most Franchisors Fail to Scale Because They Don't Realize This, Why Personal Care Franchising is a Red Hot Opportunity, Smart Tips for Accessing Capital to Fund Your Franchise. Youre sure to notice the difference when youre greeted by the 12-foot lumberjack standing outside. be higher) depending on your ownership level. Although you can purchase a franchise for less than six figures, the company requires that franchisees have a net worth of at least $300,000. Well match you based on your location, interests, and financial needs. When you apply, Baskin-Robbins will also evaluate your resume to ensure you have sufficient relevant experience. Keep in mind that franchisees are responsible for additional franchise fees on top of the initial franchise cost. If youve been dreaming of opening a restaurant, you may have come across franchising in your research. 4 Differences Between Buffet Catering and Full Service Catering, The 6 Most Popular Foods For Corporate Buffet Catering, 6 Events in Summer 2021 That Are Perfect for Hamburger Catering, 5 Things to Consider When Searching for Catering in Delaware County, The Best Franchise Opportunities by Industry. However, the initial investment alone for a Teriyaki Madness franchise will cost you somewhere between $327,000 and $678,000. What really makes our franchise program so special is that we offer a strong support structure for our franchisees, giving you all the training and resources you will need to run your own successful Zacs franchise. Piece of cake, right? is one of the oldest and most popular Mexican-inspired fast-food restaurants in the world and with over 7,000 restaurants located across the country, theres a good chance you can pursue a franchise opportunity with the chain in your area. You can inquire about buying or building one of several types of Cinnabon venues, including a full bakery, co-brand store, kiosk bakery, or co-brand kiosk bakery. The convenience-store franchise has a wide price range -- anywhere from $37,550 to more than $1 million.

100 If you are already a fan of Zacs, why not share the love? , youll need to meet their minimum requirements. Buying a franchise on a budget? Franchise opportunities currently exist throughout the U.S. The sub shop began to franchise in 2001 and is still open to franchise opportunities across the country. If youre inspired to become a Dennys success story in your own right, youll first need to have $500,000 in liquid capital and $1 million in net worth a pretty tough threshold. Finance. Merry Maids, ranked No. Its based on a crazy concept taking the culinary world by storm: Ice cream doesnt have to be scooped it can berolled.Everything is made fresh and delicious at Craving the Curls, from its Peachy Keen to its O Oreo flavors. Here are the top franchises that can be started for less than $100,000. The total investment range is $316,000 to $586,000. The company, which provides tech repair among other services, requires an initial franchise fee of $40,000, but the total price of investment can range from $60,400 to $220,850. The tutoring franchise has an especially low initial fee of $1,000, and it requires that franchisees have $70,000 in liquid funds. UBreakiFix is No. Estimated total initial investment: $1.3 million to $2.4 million. Other than being the mastermind behind such beloved ice cream flavors as Cherry Garcia and Phish Food, Ben & Jerrys is one of the most philanthropic franchises in the country. Follow Along: 31 Days of Living Richer. Take our franchise quiz to find the perfect match for you. If you are a new entrepreneur who is not already raking in the millions, then a franchise that requires less than 100K for the total investment is going to be more achievable for you. You can expect a total investment $156,000 to $330,900, which includes a $30,000. With 18,431 units under their belt, Pizza Hut is the largest pizza company in the world. HomeVestors of America Moneys Most Influential: Where Do Americans Get Their Financial Advice? For reference, we list the full initial investment range from each companys franchise disclosure document (FDD). If youre approved, Pizza Hut will provide comprehensive training and marketing support, as well as support in opening your location. The first step is to look closely at each franchises investment requirements and whether youre financially capable of those investments. She has written and produced television news stories in the Los Angeles area and Charleston, S.C. Related: 5 Affordable Franchises You Can Start for Less Than $10,000. It should be no surprise, then, that the company has one of the widest ranges of costs of any entry -- anywhere from $94,783 to well over $1 million. Estimated total initial investment: $94,350 to $402,200. All Right Reserved. 38, is one of our top cleaning franchises in 2018. As Americas Diner, Dennys is one of the countrys best-loved fast-casual restaurants. Generally, the operating costs to start a franchise are between $350,000 and $450,000. Dont think you can afford to open a franchise? But, all told, your investment could get pricey anywhere from $432,300-$1,320,700. Andrew Lisa contributed to the reporting for this article. Its a business centered onaa (and other) healthy bowls that incorporate fresh fruit, granola and honey. The best part of going to an airport is being met with the smell of freshly baked pretzels courtesy of that Auntie Annes kiosk youre heading to as soon as you get through the security line. All our food is made fresh with the highest quality ingredients and with unique twists like wacky zacky sauce. However, this does not influence our evaluations. When evaluating offers, please review the financial institutions Terms and Conditions. CPR-Cell Phone Repair was edged out by uBreakiFix on the list of overall and tech franchises.

Listed in no particular order, the following 14 companies are some of the most promising food franchises you can join this year. Estimated total initial investment: $200,300 to $504,300. Open a new Citi Priority Account by 1/9/23 and earn up to a $2,000 cash bonus after completing required activities. Have you always dreamed about being your own boss, but thought you had to be Kardashian-rich to do so? Theyre sweet, light and eye-catching. These 10 franchises can cost less than six figures, and they all rank in the top 40 of our Franchise 500. In exchange, youre responsible for your locations daily management and operations in other words, the nuts and bolts of running a business that motivated entrepreneurs are hungry for. false : true" The good news is that the $200,000 of liquid capital needed includes the franchise fee of $45,000. Total expenses, including advertising, franchising and royalty fees, range between $264,500 and $643,000, but its important to note that these numbers are for smaller and less lucrative end-cap stores, not free-standing locations, which are much more expensive. If you get anxious about sinking so much money into a new investment, then choosing a low cost franchise is a great option. Estimated total initial investment: $1.4 million to $2.7 million. But at a minimum, youll need to have $100,000 in liquid assets and $200,000 net worth per unit. McDonalds is a giant with giant franchise price tags, but you can start your own business with one of these low-cost franchises instead and many of them are household names. Request Info, Carpet and upholstery cleaning, tile and stone care, granite countertop renewal, Mosquito Hunters If you meet their requirements, theyll send along a franchise disclosure document (FDD) for your consideration. In order for your application to be considered, you need to have at least $500,000 in accessible, liquid capital. Some of these franchises offer financial incentives for certain qualifying members, such as. All baking is done by French chefs at the companys central pastries commissary. 7-Eleven was the No.

>. Your net worth only has to be $25,000 to own the next Boomarang Diner, but the total investment will set you back $109,800 to $508,050. Cold Stone Creamery may not (yet) be as iconic as DQ and Baskin-Robbins, but the 32-year-old ice cream shop is quickly growing: Currently, they operate over 1,000 locations in the U.S. and almost 30 countries worldwide, and theyre introducing an initiative to open hundreds more locations over the next few years. Well match you based on your location, interests, and financial needs. Food franchise opportunities range from full-service restaurants to specialty stores to grab-and-go establishments. At 80 years old, Dairy Queen is the most established restaurant on this list and a powerhouse in the fast-food landscape, both in America and beyond: Currently, DQ operates over 6,800 restaurants across the U.S., Canada and 27 countries internationally. The real estate franchise has a liquid cash requirement of $35,000, which is way lower than the other companies in our top five. For more information about Zacs Burgers and what makes it one of the top franchises under 100K, give us a call today. Here is a list of our partners and here's how we make money. No problem. Another Asian food franchise opportunity worth considering is Teriyaki Madness. Well match you based on your location, interests, and financial needs. . Estimated total initial investment: $525,525 to $2.8 million. You can get in touch with DQs franchising team to find out more about their requirements, as well as the process involved in opening and managing a franchise. If you want to jump on the brand McDonalds built, for example, youll need at least $500,000 of unencumbered liquid assets, but total startup costs range from $1,008,000 to $2,214,080. At Zacs Burgers, we pride ourselves on being a family-oriented business that really cares about all its employees, franchisees and customers. That's why we've made this list of the top 10 franchises from our Franchise 500 list that you can buy for less than $100,000. They have amazing opportunities for franchise owners, too in fact, one of their most successful owners, Dawn Lafreeda, started out as a server at the restaurant. Youll need to indicate how much you have in liquid assets, whether you have prior business and quick-service restaurant experience and whether you currently own a multi-unit franchise, which implies that Taco Bell evaluates these metrics to determine franchisee eligibility. Robeks has expanded to more than 90 locations across the country since it was founded in 1996. Your email address will not be published. Grubhub to Roll Out Pizza Delivery Robots on College Campuses This, From Self Sufficiency to Abundant Wealth: Experts Reveal How To Reach Money Goals, 5 Best & Worst States for Unemployment in 2022. Estimated total initial investment: $173,660 to $373,450. These offers do not represent all available deposit, investment, loan or credit products.

The business has had exceptional growth in recent years including in new markets. 18 overall on the Franchise 500 and first among tech franchises. Zac's Burgers is presentlynot selling franchises and does not have a certified franchise disclosure document. Zac's is offering licensing opportunities, however, potential licenseesmust meet all federal and state requirements. After after buildout costs of $187,000 $368,500 and a $39,000 franchising fee, youll be serving up mouth-watering baked goods with 50 flavorful frostings and toppings for your guests to choose from as long as you have a net worth of at least $500,000. But Cold Stone Creamery also makes this list for their accessible initial franchise fee, which may be as low as $10,000. Here are some terms to help you better understand all the different parts of your investment in a franchise: Some franchisors may require you to have a certain net worth or have a certain amount of money that can easily be liquidified. Keep in mind also that this ranking is not intended as an endorsement of any particular franchise. Some of these franchises offer financial incentives for certain qualifying members, such as veterans or people who own several franchise locations. results, If you have an existing franchise you'd like to see included in our rankings? It came in No. We want you to succeed and will give you the tools to make it happen. How about cinnamon rolls instead? All financial products, shopping products and services are presented without warranty. By entering the franchises established framework, youll benefit from the businesss name recognition, business model, training, management support, extensive network of vendors and positive reputation.

Compare the details of multiple financing offers to get your business funded faster. The on-the-go fresh smoothie and juice franchise appeals to those who want a nutritious food choice and currently, the business is looking to expand its reach. Featured on ABCs Shark Tank in 2014, this bakery chain specializes in socially conscious, vegan-friendly treats everyone can enjoy.

Estimated total initial investment: $53,200 to $468,775. Theres no confusing this restaurant chain with another run-of-the-mill food joint. Related: The 9 Best Tech Franchise Opportunities of 2018. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. You too can be part of the success of Wayback Burgers a burger joint thats been in operation since 1991. Craving the Curls will consider single-unit franchises, but its ideal franchisee is someone who is looking to open three to five locations. There are also the options of franchising a food truck or a mobile kiosk. Franchise fees are relatively low at $20,000 plus a 5% royalty fee and a 4% marketing fee. Clearly, buying a KFC franchise means youre backed by an incredibly strong business model and a well-established support system. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Ben & Jerrys also prefers that their franchisees have a college degree or higher, though this isnt necessarily a make-or-break element of your application. Where Do Americans Get Their Financial Advice? Investing for Beginners: What First-Time Investors Need To Know. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. The restaurant is all about an inviting, family-style experience, with an open concept kitchen that allows guests to see their food being prepared and the opportunity to converse with the Pit Boss in charge of the barbecue.