Sometimes, the idea of heading to work day in and day out only to increase the bottom line for someone else can be exhausting. This is why franchising is such an appealing opportunity—particularly to those with an entrepreneurial spirit. However, the idea of franchising and the reality of purchasing a franchise do not often go hand-in-hand, as many automatically assume they do not have the capital needed to invest in a well-known brand with reliable returns. But did you know that there are many franchises under 20K available? These lower-cost franchises allow you to benefit from the autonomy of being a franchise owner without taking on significant debt.
Finding Franchises Under 20K
There are a lot of costs that prospective franchise owners have to consider, and it seems like those costs can add up very quickly. In fact, the startling start up costs of some of the world’s most well-known franchises might leave you feeling like the ability to be your own boss is not available to you.
However, there are more franchises under 20K than you might think. Many of these brands are well-known companies that have already built up a loyal client base, giving you the ability to quickly launch your business and begin seeing a return on your initial investment. In addition, most low cost franchises under 20K are actually home-based businesses, which gives you additional flexibility and autonomy when it comes to operating your new franchise on a daily basis.
For instance, TSS Photography is a mobile photography studio franchise that specializes in school portraits, sports photography and more. Not only does this franchise require an initial investment of less than $20,000, but franchise owners also have access to specialized training that helps them launch a successful photography business that operates on their own terms. With minimal overhead costs and the ability to customize your working hours, this franchise is an awesome choice for someone who prioritizes flexibility and balance.
Reasons to Choose a Franchise Under 20K
These are just a few of the reasons why you might choose one of the best franchises under 20K:
- Franchises that cost less than $20,000 in start-up costs and franchise fees allow you to start a new business without accruing burdensome debt. You have more financial flexibility and freedom to grow your business and enjoy the profits.
- When you select one of the low cost franchises under 20K, you are giving yourself more freedom and flexibility to grow your franchise portfolio. Many franchise owners operate a collection of franchises in order to diversify their investments and increase their returns. These reputable franchises are available at a lower price point, making it easier for you to add to your collection.
For example, 360clean is a franchise that you can invest in for less than 20K. As a home-based cleaning business, this franchise is ideal for those who want to own multiple brands and spread their investments across various industries. It offers low overhead costs as well as flexible scheduling, which is why it’s considered to be one of the best franchises under 20K.
What Low Cost Franchises Under 20K are Available?
There are dozens of franchise opportunities available for less than $20,000, which allows entrepreneurs of all ages and stages to find an investment opportunity that complements their lifestyle and fits within their preferred budget.
One franchise under 20K that you might consider is Brightway Insurance, a national property and casualty insurance distribution company. When you purchase a Brightway Insurance franchise, you are given the opportunity to work directly with your clients in order to provide them the coverage that they need all while relying on the support and resources available through trusted Brightway Insurance brand.
Another franchise opportunity that is available is CompuChild. CompuChild is a company that offers supplemental educational materials and resources for students of all ages in the U.S. and Canada. If you have a passion for education, and you enjoy working with young children, then this could be a low-cost franchise opportunity that works well for you. You would have control over the courses that you offer and the experiences that you provide the students in your area while being able to rely on the expert curriculum and business model offered through the brand itself. It’s a way to work in the education industry without having to build a program from scratch.
To many, a franchise under 20K sounds like an impossible dream, but it can actually become your reality. The best thing that you can do is research the different franchises under 20K that are available and select a brand that aligns with your interests, your vision and your business experience. When you find the right fit, you will see how easy it is to thrive as a new franchisee.