Instead of writing 11 low cost franchises with high profit in 2017, we might just have set 11 easy franchise opportunities as our title. Some of these franchises are so affordable they fall into the cheap franchises under 5000 category, and it won’t be too complicated to set them up either.
Have you ever been in the situation when you had some funds, but didn’t know exactly what to do with it? Sometimes in your life, an opportunity arises and you get hold of a certain amount. Whether we are talking about savings, extra profit, a lottery win or heirloom, it doesn’t matter. When you have the money, the question arises what the best possible investment is. Of course, sometimes the plans depend on how much you’ve got. If we’re talking big money, buying a real estate is what everyone recommends. But how do you know when is the best time for purchase, and what if it turns out to be in worse shape than you had expected? Starting your own business is what usually gets people thinking next. Everybody loves being their own boss, setting their own working hours and bossing people around. The problem is, which business to set up? The one at which you excel, or the one that the market is currently in demand?There’s also another dilemma. Having knowledge of a certain business or trade is one thing, but running the company, no matter how small it might be, is something completely different. Great managers don’t get ridiculously high salaries for no reason. In that case, why not start a franchise business? Believe it or not, there are lots of easy franchise opportunities everywhere around you.
What are the advantages of owning a franchise? In the first place, the business you’ll be opening is more likely to succeed due to the brand name. Being inexperienced at management or a particular business is not an issue since free training is provided. You can always count on the franchiser to provide suitable education because it is in his best interest that you are successful. Last but not the least, investing in a franchise is investing in your future. Naturally, nothing is perfect and there are some disadvantages of being a franchisee. Perhaps the management system and the way business is run is not going to appeal to you. There will always be a certain amount to be paid to the franchiser, and your business actually depends on the performance and image of the brand that you had bought. Not to mention, some of the franchises require great investments. As for the last, we are here to help you out and give you a list of low cost business opportunities.
In order to do so, we decide to explore which franchises have been chosen as the most affordable and most successful by Entrepreneur, since they are extremely knowledgeable about the topic and usually all the other sources point out to them. However, we decided to introduce additional parameters to obtain results for 2017. We went to the Franchise Direct and Burgerim since we are focused on the latest franchise trends. We analyzed the list of the top global franchisers and the current trends so as to obtain the best results. The conclusion is that most profitable franchises belong to the categories of (fast) food, convenience stores, car rental and dealer, hotels, real estate, child education, home improvement, and fitness. Admittedly, fast food franchises are the most profitable, but unfortunately, cheapest food franchises are too pricey to be called a franchise with low startup costs. Therefore, they aren’t on this list. Fear not, there are plenty profitable low cost franchises under 10000 to choose from. They are listed from the most expensive to the cheapest, according to the minimum initial investment required. Also, the franchise had to show a certain growth in the previous year, since stagnation is not a sign of a prosperous franchise.
If money isn’t an issue, take a look at most profitable franchises to buy in 2017. But if you prefer to invest wisely and minimally, first you need to check out some of the most profitable low cost franchises to own, and then, proceed with the list of low cost franchises with high profit in 2017. You will see how much franchise costs, what it specializes in and how many new units it set up in 2016 (we can’t have data for 2017 since the business year isn’t over).