Two-thirds of Americans dream of starting their own business, but few have the finances, tools, or know-how to effectively get things off the ground. Cost is often the biggest barrier, and while starting a business can be expensive, you don’t need hundreds of thousands of dollars to make your dream a reality. Cheap franchise startups make owning and operating a business a more realistic and accessible option to more people, and they might be a great option for you!
When we say “cheap,” we don’t mean the opportunities are low-quality. In fact, some of these cheaper startups are also some of the best franchises to buy into, period. They’re considered “cheap” because they can all be bought for under $100k. These cheap franchise start ups come from a variety of industries, so you have a lot of options to choose from. We’re confident that you can find one that aligns with your interests, strengths, and budgets, and we wanted to list a few favorites that we think are more than deserving of your time, energy, and investment.
Best Franchises to Buy Into for 2022-2023
Here are some of our picks for the best franchises to buy into with low costs this year:
360clean
Investment: $20,000 – $29,000
360clean offers office cleaning services for businesses in the US, and the company takes a health-focused approach to its services. We think this is one of the best cheap franchise startups for several reasons. Firstly, cleaning services are always going to be something businesses need, so there is a very stable market you can tap into. Secondly, the initial investment is very cheap, and it’s a low overhead business model, making it very accessible.
Amazing Athletes
Investment: $33,000 – $64,000
If you’re passionate about sports and like working with kids, then this is the perfect opportunity for you! Amazing Athletes provides a multi-sport athletic program to children 18 months to six years and helps them develop physically, mentally, and emotionally. We consider it one of the best franchises to buy into because it’s mobile and year-round, two factors that can lead to very high-profit margins.
Surface Specialist Systems
Investment: $43,000 – $56,000
Surface Specialist Systems has been providing repair and refinishing services for kitchens and bathrooms for over three decades, so you’ll be able to draw on that knowledge, experience, and brand recognition if you choose to invest in this opportunity. In fact, it’s one of the oldest cheap franchise start ups we’re aware of.
Complete Weddings and Events
Investment: $67,000 – $82,000
This is the more expensive cheap franchise startups on this list, but also one of the most profitable because of how much money people commonly pay for weddings and event planning services. Events can be a big undertaking, but if you’re confident that you can manage a variety of things like videography, videography, lighting, DJ services, photo booth rentals, and more, then this is an opportunity you should consider investing in.
See more great franchises for $100k or Less
Get the Funding You Need from Jumpstart Finance
Now that you know some of the best cheap franchise startups, you might be curious where you can get the funding you need to take advantage of one of these opportunities. Jumpstart Finance is here to help. For more insights and advice on cheap franchise startups that you can invest in for 2022-2023 and advice on how to secure the finances you need, contact our experts today!