When you’re starting your own business, buying a franchise can be a great option. Depending on the type of business you want to run and the ownership experience you’re looking for, a franchise may present the right mix of risk and reward. You’ll be able to lean on another business’s national reputation before you build your own reputation locally. You’ll also be able to use their proven business model, proprietary technology and business practices.
RELATED: TOP HOME BASED FRANCHISES
However, when you buy a franchise, there may be significant investment costs and franchise fees, which can rapidly increase your upfront costs. Choosing a home-based franchise can help you keep your initial costs down. These franchises often have smaller franchise costs, and you’ll also be able to save on real estate costs. This list includes some great home-based franchises that require small investments. Though your initial investment is small, the potential profit with each of these franchises is quite large.
This is one of the leading residential cleaning franchises. When families are looking for someone to clean their homes, they often gravitate towards established franchises with great reputations such as Merry Maids. The franchise has over 400 franchisees across the country and has been operating for over 30 years. The initial investment is only $25,000.
If you are interested in senior care, this might be a good franchise opportunity for you. Startup Home Care has a membership network of over 300 different franchise units. The organization provides a lot of resources for individuals who do not have experience starting their home care agency, so they can streamline the process and help you avoid the common pitfalls in the industry. This franchise only requires a $17,500 investment.
Cruise One is often talked about as one of the fastest growing home-based businesses in America, and one of the reasons for its growth is its incredibly low startup costs. You’ll be able to begin selling cruise and vacation packages from your home, and all you will need is a computer and telephone. In addition, Cruise One provides a 20 percent discount on the franchise fee if you are a veteran, or a woman or minority business owner. There are more than 900 Cruise One franchises across the country, and the company is now the largest U.S. seller of cruises. The minimum investment for Cruise One is only $3,500.
Redeck It is a great franchise if you have interest in becoming a contractor but have little or no construction experience. The franchise provides franchisees with the tools and training to fix damaged concrete. When you become a franchisee, Redeck It provides you with marketing materials including 10,000 promotional brochures that are mailed to residences in your zip code. The required investment is $9,995.
Wag’n Tails is a mobile pet grooming business. You’ll be able to operate the business from your house and provide monthly grooming services to clients in your area. The franchise provides resources and assistance, so that you can start the business quickly. You will need to spend at least $10,000 upfront for the franchise.