Low Cost Franchise

Are you among the ones who are low on funds but big on ambition! Then do not worry there are many opportunities available for you in franchising. Low cost franchises are the ones that require minimum cash investment of $25,000 or under to $50,000 and some cases it is the total investment. You will find low cost franchises in many franchise business categories like cosmetics & beauty care products, residential cleaning services, carpet cleaning & restoration services, career counseling services, personalized products services and so on. These low cost franchises fit almost anyone’s budget and choice of business. The Top 5 low cost franchises for 2006 according to the entrepreneur magazine are Curves, Jackson Hewitt Tax Service, Jani-King, RE/MAX Int. Inc. and Liberty Tax Service

Curves, (aka Curves for Women, Curves International, Curves Fitness) is an international fitness franchise. Curves presently have just under 10,000 locations worldwide and an estimated 4 million plus members (as of August 16, 2006). It is a privately held company by its cofounders, with corporate offices located in Waco, Texas. If you want to own a franchise of Curves for Women, total investment would be around $31.4K to $53.5K.Franchise fee is  $24.9K to 39.9K.Ongoing royalty fee is 5%/6%. Term of agreement is for 5 years and is renewable. Qualifications required for buying a franchise of Curves for Women is that you should have a net worth capital of $75K and a cash liquidity requirement is of $50K. The minimum number of employees needed to run franchised unit is 2. Absentee ownership of franchise is allowed. Curves for Women provides full training and support for the franchisee.

Jackson Hewitt Tax Service provides full service to tax payers. Jackson Hewitt tax service specializes in computerized federal and state preparation of individual returns. If you are a prospective franchisee of Jackson Hewitt Tax Service, you will have to pay a franchise fee of about $25 K. The start up cost varies between $40K to $80 K. Express/kiosk options are available for franchisees. Ongoing royalty fee is 15%. Term of agreement is for 10 years and is renewable. In order to qualify to hold a franchise of Jackson Hewitt Tax Service you must have a cash liquidity of $50K. Absentee ownership of franchise is allowed.

Jani-King is a world’s leading commercial cleaning company that has developed a substantial national network of franchised regions across the UK. If you plan to own a franchise of Jani-King the total investment required is  $11.3K to 34.1K. You will have to pay a franchise fee of  $8.6K to 16.3K.The ongoing royalty fee is 10% and the term of agreement is 20 years which is renewable. You should be management minded, ambitious, looking to build a large business with high asset value and good earnings, coupled with full support from a well known brand in the sector. Franchise can be run from home. Absentee ownership of franchise is not allowed.

RE/MAX Int. Inc are real estate agents specializing in residential and corporate property. The total investment required is about $25K to 50K.The franchise fee is $12.5 to $25 K. The term of agreement is for 5 years and is renewable. You should have good marketing skills and should have general business experience to own a franchise. The number of employees needed to run franchised unit is 2.Absentee ownership of franchise is allowed.

Liberty Tax Service is the fastest growing international tax franchise ever with over 1700 offices in Canada and the United States. All you need is a cash investment of  $28,500, and a total investment of  $40,300 to $50,900 to own a franchise. You will have to pay a franchisee fee of $28,500.The royalty to be paid varies. Financing is allowed for those who qualify for franchising.

Other low investment franchises that have a good reputation in market are Jan-Pro Franchising Int. Inc., ServiceMaster Clean, Kumon Math & Reading Centers, Jazzercise Inc., and Chem. Dry Carpet Drapery & Upholstery Cleaning. Most of the franchisers provide full training and support for the franchisees. They also provide ongoing support by newsletter, meetings, toll free phone line, grand opening of the outlet, internet, field operations/evaluations.