Franchise details: Cruise Planners. Cruise Planners is a cruise planning agency. It's home-based, so you don't need to factor in the cost of real estate. Prior experience in travel planning is not required, and the company offers comprehensive training. Franchise details: SuperGlass Windshield Repair. SuperGlass Windshield Repair has been operating for 30 years and specializes in the repair of rock damaged and cracked windshields. Overhead costs can be kept low due to its mobile option — a physical shop location is not required.
It also offers classroom and on-the-job training,. They offer three options for franchising: international master franchise , executive business , and home-based opportunities.
Franchise details: Jazzercise. If you're looking to start a low-investment, exercise business, a Jazzercise franchise might be a good fit for you. It offers various price points to begin a franchise and you can find the one that aligns with your budget. Franchise details: Dream Vacations. Dream Vacations is a home-based travel agency franchise with no overhead or inventory — this keeps the cost of initial investment low.
It's a great option for military veterans and offers discounted investment prices. Some companies have seen unprecedented growth or are particularly driven to grow. These are prime opportunities for prospective franchisees.
You can take advantage of a growing name in the business while being the reason the name grows and becomes more authoritative. Below are our top picks for the best-growing franchises to buy.
This fast-casual restaurant is known for its burgers and freshly-churned custard. After your initial investment, you can expect your restaurant to open in eight to 18 months, depending on location and whether you're buying or leasing property. Founded in , Culver's has been a well-recognized name in the burger and custard business.
It's a top franchise and offers an established operating system with over 35 years of experience. Club Pilates is one of the top pilates franchises in the United States. Founded in , this group fitness franchise carries out up to 8 million pilates workouts a year. This bakery is unique because, despite being a franchise, it has a "Mom and Pop shop" feel. Pure Barre is a popular, boutique fitness brand with nearly , clients.
The business offers multiple revenue streams: bar classes and activewear. And it provides support and training for real estate, operations, consulting, marketing, and more. The rise of remote work and in-home entertainment makes this a great contender for this year.
Soccer Shots is a children's soccer program with a focus on character development. It has a low overhead cost, supports its franchisees , and has well-established relationships with national brands like Adidas and the U.
Soccer Foundation. This math learning center opened in , and its mission is to "help every child understand — and master — math. Kona Ice, a seller of shaved ice, offers the benefit of having relatively low initial costs while still having solid brand recognition. There are several different franchising options available, including a home-based option, so you can choose the option that best suits you.
Jazzercise is an exercise company that offers franchising opportunities. These opportunities come at different prices, allowing you to choose the plan that works best for you. Jimmy John's is a restaurant that sells gourmet sandwiches. Its bread is freshly made every day, and it has a wide selection of sandwiches to choose from.
This is a great opportunity if you're looking to get involved with a fast-growing chain. Offering education through dance programs, Kinderdance International is a great franchising opportunity. You can run your classes from places like community centers, allowing you to save on initial startup costs. This franchise opportunity allows you to teach soccer to preschool children. This is a good option if you want to teach soccer and get involved in your community.
Mac Tools is a provider of high-quality tools. As an owner, you have a truck and a selection of popular tools that you sell to customers in a designated area. Mathnasium is an education company that aims to help children better understand math.
If you want to own a franchise that works with children, this is a good option to consider. This is another franchise opportunity with strong brand recognition.
There is a large initial investment involved, but you'll join an organization with many years of experience and success. Nothing Bundt Cakes has locations all over the country, providing a small shop feel for its bakery despite being a franchise. This is a great opportunity if you want to own a bakery without spending time building your customer base. Orangetheory is an exercise gym that focuses on group classes and motivation. Due to the space required to run an Orangetheory, initial startup costs can be high.
Oxi Fresh Carpet Cleaning is one of the world's largest carpet cleaning services. It is also one of the most environmentally friendly. Some of the benefits of owning a franchise include the low startup costs and the ability to operate out of your home. Padgett Business Services offers a variety of services to other businesses. You'll assist other businesses with things such as payroll, taxes and business advice.
Papa John's is a pizza restaurant that focuses on quick delivery. Startup costs can be high, but Papa John's comes with substantial name recognition and ample marketing tools. Planet Fitness is a chain of exercise gyms that markets toward those who just started working out. It comes with strong brand recognition and a loyal customer base, making it easier for franchisees to get started.
Proforma is a provider of all things business documents. These franchises can help businesses print documents, create forms and develop promotional products. Proforma is ideal if you're great with organization and looking for a franchise with a low startup cost. Franchises of Property Management Inc. This is a good franchise if you're interested in real estate and have strong management skills.
Pure Barre is a fitness brand with a large client base. One of the biggest reasons to consider Pure Barre as a business is the corporate support offered to new franchises, including assistance with real estate, operations and marketing.
When the inside of a building is damaged, services like the ones offered by Rainbow International Restoration are needed. You'll offer restoration services as a result of smoke, mold, water or disaster damage. It currently has over , agents across the world, making it a well-known brand anywhere you go. Rhea Lana's Franchise Systems, Inc. New owners attend two-day training to learn the basics of merchandising, consignment software systems and how to network with their local community.
This home care agency works to improve the quality of life for its clients. You don't need experience in either home care or running a business because Right At Home offers comprehensive training.
School of Rock is a musical education franchise. People of all ages can learn to play an instrument and be in a band. This is the largest music education franchise in the country, but it comes with a relatively large initial investment. Solar Grids franchise owners focus on the sale of solar panels to homes and businesses. Both travel agencies -- and many of the franchises on this list -- also offer discounted investment prices for military veterans.
So, if you have served in the armed forces, research whether the franchise you want offers those discounts. However, depending on your current assets and plans for the fried-chicken franchise, there's a chance you could start a new location for less than five figures, which makes it worth investigating.
Property Management Inc. Basically, you'll work as a flexible landlord who can collaborate with multiple property owners, real estate agents and more. If you have a passion for teaching, then a Dale Carnegie Training franchise might be a good investment. Franchises help build new thought leaders by teaching important business subjects like self-improvement, leadership, investment and sales. Buildingstars International is the sixth of seven commercial cleaning franchises in this slideshow, but unlike some of the other options, Buildingstars offers three investment paths: the technician, who works part-time; the onsite manager, who oversees larger buildings and a bigger team; and the corporate manager, who takes on a still greater share of responsibility and revenue.
SuperGlass Windshield Repair has three main concentrations: windshield repair of course , scratch removal and headlight restoration. So, if you like working with cars, this might be a good investment. Coffee News is a free weekly publication, which is distributed among local restaurants, coffee shops and hotels. It makes money by selling ads for local businesses, but the publication also contains news stories, jokes and more.
Little Kickers provides pre-school soccer classes. So, if you have a passion for sports and a love for children, then check out this franchise. Padgett Business Services franchises offer tax advice, business advice, payroll solutions and other business services.
So, if you're an accountant looking to leave an established business and work for yourself, but you need a recognized brand to help make the transition, Padgett could be a good investment. Town Money Saver franchises distribute monthly, direct-mail advertising flyers to homes and businesses, which includes coupons that customers can use. Christmas Decor franchises offer holiday decorating services.
The business focuses only on Christmas, so this is seasonal. That could be a good thing or a bad thing, depending on what you're looking for in your business investment, but it's certainly worth noting ahead of time.
Leadership Management provides programs and courses in 23 languages to help people achieve their life and business goals. Remember, your franchisor has almost certainly been through this process before with other franchisees, so they may be able to offer support, guidance, and even internal funding options or special relationships with lenders to help you with the franchise financing process.
In our list above, Mosquito Squad, Stratus, and Soccer Shots all offer some type of internal financing assistance. A traditional term loan is likely the first scenario that comes to mind when you think of a business loan.
In this borrowing arrangement, you obtain a fixed amount of capital upfront from a lender, then pay back that amount plus interest over time according to a set schedule. Remember that some term loans carry restrictions that may limit the use of funds on a franchise purchase, so make sure that potential lenders know that you're considering buying a franchise before you sign any loan agreement.
Also keep in mind that a term loan might be out of reach for a business acquisition—without any history of revenue or time in business, this might not be an option for you. Since a business acquisition term loan is infamously difficult to get, you shouldn't count on it as a sure thing. Long repayment terms and low interest rates make SBA loans the most coveted option around for many business borrowers. The SBA 7 a loan is a particularly attractive choice for those looking into low cost franchises to buy because it's highly applicable to franchise purchases and business acquisitions.
But keep in mind that the application process for SBA loans is lengthy and highly selective, so those with a short buying timeline or with poor credit will need to look elsewhere to finance their franchise. And, because the equipment itself serves as collateral on the loan, borrowers who opt for an equipment financing loan tend to encounter fewer personal collateral requirements than they would with other loan products.
Starting a new business can be intimidating. But purchasing a franchise can be a realistic—and much more affordable—entry point for many entrepreneurs. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. See how to get your business started quickly. Cruise Planners. Stratus Building Solutions.
SuperGlass Windshield Repair. Mosquito Squad. Pillar to Post Home Inspectors. Property Management Inc. Soccer Shots. Dream Vacations. Lil' Kickers. Get more smart money moves — straight to your inbox. Sign up. Low-cost franchise opportunities: What to expect. Financing options to purchase low-cost franchises. Friends and family loan.
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