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).
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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
Founded: 1977
Franchising Since: 1978 (38 Years)
Corporate Address: 124 12th Ave. S., #300 Nashville, TN 37203
Website: http://www.chemdryfranchise.com
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.
6. Anago Cleaning Systems
Description: Commercial cleaning
Initial investment: $10,518 – $65,584
Rank on 2016 Top Franchises: #39
Founded: 1989
Franchising Since: 1991 (25 Years)
Corporate Address: 5203 N.W. 33rd Ave. Fort Lauderdale, FL 33309
Website: http://www.anagocleaning.com
CEO: David Povlitz
The last three years have seen some decline in the number of franchises Anago Cleaning Systems owns, with 68 of them closing. Still, their overall profits kept them high on the list. But if commercial cleaning is your field, there are plenty of other opportunities on the list.
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5. Vanguard Cleaning Systems
Description: Commercial cleaning
Initial investment: $10,930 – $35,830
Rank on 2016 Top Franchises: #26
Founded 1984
Franchising Since: 1984 (32 Years)
Corporate Address: 655 Mariners Island Blvd., #303 San Mateo, CA 94404
Website: http://www.vanguardcleaning.com
CEO: Raymond Lee
Vanguard Cleaning Systems saw some heavy growth in recent years, as 413 new units were opened in the last three years.
4. Cruise Planners
Description: Travel agency
Initial investment: $2,095 – $22,667
Rank on 2016 Top Franchises: #25
Founded: 1994
Franchising Since: 1999 (17 Years)
Corporate Address: 3300 University Dr., #1 Coral Springs, FL 33065
Website: http://www.cruiseplannersfranchise.com
CEO: Michelle Fee
Cruise Planners are one of the cheapest on our list of 7 most profitable franchises under $50k. In the last three years, they opened 571 new units, which represents an impressive 27.6% growth.
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3. Jan-Pro Franchising Int’l. Inc.
Description: Commercial cleaning
Initial investment: $3,935 – $51,605
Rank on 2016 Top Franchises: #24
Founded: 1991
Franchising Since: 1992 (24 Years)
Corporate Address: 2520 Northwinds Pkwy., #375 Alpharetta, GA 30009
Website: http://www.jan-pro.com
CEO: Richard Kissane
Jan-Pro Franchising Int’l. Inc. in the last year alone opened 246 units, with some 666 added in the last three years. It now operates more than 10,000 units in the US and Canada.
2. RE/MAX LLC
Description: Real estate
Initial investment: $37,500 – $279,500
Rank on 2016 Top Franchises: #21
Founded: 1973
Franchising Since: 1975 (41 Years)
Corporate Address: 5075 S. Syracuse St. Denver, CO 80237-2712
Website: http://www.remax.com
CEO: Dave Liniger
Exhibiting a steady growth (441units added in the last three years) RE/MAX LLC now connect some 97,000 real estate agents in over 95 countries in their global network, which makes them the largest real estate network in the world.
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1. 7-Eleven Inc.
Description: Convenience stores
Initial investment: $37,550 – $1,119,900
Rank on 2016 Top Franchises: #7
Founded: 1927
Franchising Since: 1964 (52 Years)
Corporate Address: One Arts Plaza, 1722 Routh St., #1000 Dallas, TX 75201
Website: http://www.franchise.7-eleven.com
CEO: Joseph DePinto
The biggest name on our list deserves a top spot among 7 most profitable franchises under $50k. 7-Eleven Inc. added a staggering 5,495 units in the last three years, which is the biggest growth on the list. That is one of the reasons why they are among top 10 franchises in the country.
