Starting a franchise does not mean you have to have a huge bank balance or have to be able to raise lots of capital. For those people who just want to start a franchise with a low investment, there are quite a few successful ones to look at.
Top low cost franchises can be typically started for less than $50,000. With such a low investment, the risks and the rewards of running your own business increase.
The Top 10 low cost franchises, (as listed by Entrepreneur.com) are
Jackson Hewitt Tax ServiceStarted in 1960, US-based Jackson Hewitt is a national tax service specializing in computerized federal and state preparation of individual returns. They have 5,802 franchisees in the US.
Re / Max InternationalFounded by Dave and Gail Liniger in 1973, RE/MAX is a global network of more than 116,000 real estate agents. They have 4,299 franchisees in the US, 646 in Canada, and 1,953 in the rest of the world.
Jani - KingFounded in 1969, by Jim Cavanaugh, the company offers commercial cleaning service. They have 9,933 franchisees in the US, 580 in Canada, and 1,630 in the rest of the world.
CurvesFounded in 1992, by Gary Heavin, Curves is a women-only fitness center. They have 7,875 franchisees in the US, 737 in Canada, and 1,268 in the rest of the world.
Liberty Tax ServiceFounded by John Hewitt, of Jackson Hewitt Tax Service, it is a tax service specializing in Income tax preparation. They have 1,727 franchisees in the US, and 275 in Canada.
Merle Norman CosmeticsFounded in 1931, by Merle Norman based on her philosophy of "Try Before You Buy", franchisees offer skin care, from cleansers and toners to sun defense, and a full line of cosmetics. They have 1,753 franchisees in the US, and 88 in Canada.
Kumon Math & Reading CentersFounded in 1958, by high school math teacher Toru Kumon, based on his method of imparting a strong foundation in the basics--addition, subtraction, multiplication and division--were essential for higher-level math. He created a series of math worksheets, which help children grasp arithmetic. They have 1,226 franchisees in the US, 332 in Canada, and 24, 094 in the rest of the world.
Jan-Pro Franchising International Having over 4,000 units in the US as 180 in Canada, this enterprise has established a substantial base in the commercial cleaning business. Jan-Pro was founded by Jacques Lapointe, in 1991.
Chem-Dry Carpet Drapery & Upholstery CleaningFounded in 1977, by Robert Harris, a law student, who took up cleaning carpets to pay for his tuition. Since, the methods in use were not getting the job done, he set about developing new solutions for delivering a cleaner carpet. They have 2,547 franchisees in the US, 119 in Canada, and 1,531 in the rest of the world.
Bonus Building CareFounded in the mid-'90s, by Arleen Cavanaugh the co-founder of Jani-King, the company provides a variety of commercial cleaning services. They have 1,675 franchisees in the US.
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