GOBankingRates released an article about the least expensive franchises you can buy. Check out the article here, or keep reading below.
These Are Some of the Least Expensive Franchises You Can Buy
The beauty of owning a franchise is that it lets you open a business without developing it from scratch, but some franchises are more expensive than others. For example, well-established franchises like McDonald’s go for top dollar: The fast-food giant requires potential franchisees to have a minimum of $500,000 of cash on hand, and there are other associated fees to consider, too.
Don’t be discouraged, however, if you don’t have half-a-million dollars in your back pocket to invest in a business. You can still start your own business, with one of these low-cost franchises, many of which are household names. GOBankingRates rounded up franchises that cost $200,000 or less in cash, according to Franchise Direct, a company that helps potential franchisees find business opportunities.
Click through to see the franchise openings, and get ideas for starting your own business.
Liquid assets required: $200,000
Another Asian food franchise opportunity worth considering is Teriyaki Madness. The business has had exceptional growth in recent years — including in new markets. Franchise opportunities currently exist throughout the U.S.
The total investment range to start a Teriyaki Madness business varies between $270,699 and $596,850, which includes a $45,000 franchise fee.