If you are looking for a cheap investment in 2016, you have come to the right place, as we take a look at 7 most profitable franchises under $50k.
These franchises are chosen from 2016 Top Franchises from Entrepreneur’s Franchise 500 List. Below each one you can see their rank on the list. The Entrepreneur’s Franchise 500 List is based upon fully disclosed franchise reports and take into account several metrics to help you decided where to invest your hard earn money (or inherited one, we don’t judge).
The bad news is that you don’t have plenty of choices under $50k. Four out of 7 most profitable franchises under $50k are into commercial cleaning. Other three include real estate, travel agency and convenience store, but for a mere $50,000 investment, you can hardly expect to get into a hotel business or something similarly glamorous. After all, beggars can’t be choosers. If your budget is bigger, then you may consider other options, like invention on one of the most profitable franchises in 2015.
Still, there are some good news as well, since we managed to find one of the top 10 franchises in the world and put it among 7 most profitable franchises under $50k. The bottom line, these are all franchises that require plenty a lot of hands-on approach, if they are to secure their owners a comfortable life.
7. Chem-Dry Carpet & Upholstery Cleaning
Description: Carpet, drapery and upholstery cleaning; tile and stone care
Initial investment: $29,800 – $142,820
Rank on 2016 Top Franchises: #42
Franchising Since: 1978 (38 Years)
Corporate Address: 124 12th Ave. S., #300 Nashville, TN 37203
CEO: Dan Tarantin
In the last 3 years, Chem-Dry Carpet & Upholstery Cleaning opened 42 new units. It operates in has locations in the United States, Canada, Japan, Australia and the United Kingdom.