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Low Cost Franchise Opportunities
The main reason of opening a franchise is to get as much money from a ready-made system. This appealing system is very attractive to everyone. However, there has always been a misunderstanding among the people around us. Everyone seems to assume that franchises are expensive.
Contrary to the belief, there are franchises that need low start up price. These types of franchises are called low-cost franchises. Unbelievably, the successful Curves Fitness franchises are one of such franchise. In fact, Curves has been listed in the top list of low-cost franchises. The cost of owning a Curves franchise is in the range of $31,900 to $39,900 only. Since Curves Fitness has been mentioned countless of times in Entrepreneur magazine, this can be considered as a bargain.
The next franchise that has been listed in low-cost franchise list is Jackson Hewitt Tax Service. The cost of owning a branch of Jackson Hewitt is $25,000 only. This franchise specializes in the area of computerized federal and state preparation of individual returns. It began in 1960 and started franchising in the year 1986. This is the same year when IRS introduces electronic filing.
The third franchise company is Jani-King, which started franchising in the year 1974. The cost to buy a franchise from Jani-King is $8,600 to $16,300 only. This company started when the founder, Jim Cavanaugh realizes the constant need for janitors as long as buildings exist. This happens when he was still a student in University of Oklahoma and took a job as a night auditor. Then, he started marketing janitorial services and took on the job of cleaning buildings at night with his friends.
RE/MAX International Incorporated comes next in the list of low-cost franchises. Founded by Dave and Gail Liniger in Denver, RE/MAX is a global network of more than 62,000 real estate agents. The main objective of RE/MAX is to help agents raise better commissions once they closed a deal. The cost of owning a RE/MAX franchise is $10,000 to $25,000.
The fifth company is Liberty Tax Services, which offer income tax preparation service. Founded by John Hewitt, the original name of the company was Jackson Hewitt Tax Service. It managed to acquire a tax company and began franchising in Canada since 1973. The company then changed its name to Liberty Tax Service and has since offers franchises all over United States and Canada. The cost of owning a franchise of Liberty Tax Service is $28,500.
These five companies have proved to be some of the top franchises. Despite the low cost required to open a branch, the system of these companies have proved to be efficient. Hopefully, this article has been able to provide some insights on low cost franchise companies. |