These are the top 25 low-cost franchises to keep an eye out for in 2017.
BY: ALLYSON OTEY
When exploring franchise opportunities, there are several variables to consider – industry, business model, growth opportunity and cost. A business owner will want to ensure their return on investment will be worth the time and energy they put into it. Fortunately, there are plenty of franchise opportunities that make it easier for a potential investor to pull the trigger by offering a relatively lower initial investment fee.
John Blair, Vice President of Marketing/PR of FranNet, has extensive experience with researching and keeping a close watch on the franchise space.
“Franchise fees are as wide-ranging as there are franchise concepts, but FranNet defines a typical low-cost franchise concept as usually under the $100,000 realm. These low-cost concepts predominantly fall under the service-based, home-based and mobile industries as they typically do not require real estate and equipment fees. This ultimately keeps costs lower, which drives a higher ROI providing an easier hurdle to profitability,” Blair said. “Although cost is a very important factor to consider when exploring business opportunities, it is equally as important to use other criteria as decision makers. By looking at all facets of a brand, the business venture will be more profitable and fulfilling.”
Investment Range: $72K – $102K
Unit Count: 70 Territories
With health and fitness consistently on the rise, GYMGUYZ provides the best in home mobile personal training. With a team of trained personal trainers, clients are able to get a full workout delivered to their home, office or any setting of their choice. Unlike conventional gyms, GYMGUYZ is the ideal gym on the go, which makes the initial investment franchise fee appealing for potential business owners. A pioneer in a new category within the fitness industry with 70 territories, GYMGUYZ continues to prosper year after year.