The business industry can be intimidating to anyone who’s aspiring to start and operate a company. Every year, the competition gets more intense. New businesses are popping out of nowhere. Business owners and manufacturers are so immersed in a cut-throat competition to sell their products and services to the consumers. You might want to consider investing in the top franchises to own in the future.
If you are planning to start a business of your own, consider franchising a larger company. There are many best franchises to own in the USA that will allow you to jumpstart your business. There are lots of benefits that come with franchising a business. The success rate is higher, and you can guarantee customers who are already familiar with the brand.
However, choosing the top franchises to own can be a daunting task. With so many choices, what is the best franchise for you? This article has compiled the top 10 best franchises to start a business at an affordable cost. Contrary to the common misconception, you can franchise to an affordable brand without burning a hole in your pocket.
Are you ready to find the most suitable brand for you? Read on to find out.
Franchise Business in a Nutshell
Before we introduce you to the top franchises to own in the USA, let’s have a short overview of a franchise business first. This will give you an idea of what to expect once you step into the business industry.
A franchise business is the type of business that allows independent entrepreneurs to exercise the rights of the original business’s name, products, logo, and operate in a different location. You, as the franchisee, is the third-party owner of the larger company. The franchiser is the owner of the business who sells the rights to others to operate their business.
Is Franchising Profitable?
Franchising can make your dream of becoming your own boss come true. But, is it profitable? With its ready-to-use business model, trained staff, ongoing coaching, and existing brand recognition, generating profit is possible.
If you are tired of your 9 to 5 job, franchising could be the best choice for you. Things are looking brighter for aspiring entrepreneurs who are considering the franchising industry. The economic track record of the franchise industry has been growing. According to the International Franchise Association, franchise businesses’ success rates are higher than that of an independent company. The industry has also reached an annual job growth of 2.6 percent, approximately 20 percent higher than other businesses.
But just like any other investment, it also comes with some risks. If you want to be a franchisee, you need to secure your capital. It includes the initial franchise fee, investment, and other expenses. Some franchises also require a minimum net worth for applicants to be approved.
There are low-cost franchises that give business opportunities to everyone who has a passion for the products or services. If you want to generate a stable profit in your franchise business, you must be a passionate business owner.
That being said, it’s essential to look for a business that compliments your skills, lifestyle, and even financial requirements. Make sure that you enjoy the work. Otherwise, it’s going to be the same 9 to 5 job that you’re trying to escape.
How much can you earn in franchising?
The first thing that you must know is that not all franchises are created equal. That being said, some franchise business is more successful than others. It depends on the industry, brand recognition, and the establishment of the said business. As a franchisee, it’s your responsibility to track the franchise opportunity success that you want to have. Review the number of openings, closings, terminations, and transfers for the past three years.
Franchising is a big investment decision. Ask a lot of questions from your franchisor to make sure you’re not missing out on anything. Remember that they cannot give a definite amount of money you can earn when you start the franchise business. All they can provide is an estimate based on the annual sales from other franchisees as well. The sales also vary depending on the location, territory, and other factors.
Unless you can find a way to multiply your income stream, franchising will not get you rich. It will only provide a decent living and allow you to live a comfortable lifestyle, free from the stress of a 9 to 5 job. According to CareerBliss, franchise owners can earn up to $60,000 a year. Depending on how you manage the business, you can make more or less. Passionate business owners are most likely to have leading sales because of their hard work, even if they run the business after the franchisor.
What’s The Best Franchise To Invest In
Out of all the franchises mentioned above, Special Strong stands out because of its affordability and high Return on Investment.
If you need more convincing, here are four competitive advantages you can enjoy once you invest in the Special Strong franchise.
Cost
Special Strong is actually more affordable compared to a lot of gym franchises in the country. It is most known for its inexpensive start-up costs, especially the very low royalty fee which you cannot see anywhere else!
Special Strong franchisees are given the privilege to keep almost 90% of their earnings. You can also choose from different franchise plans. The starting fee is only $25,000 and can go up to $50,000 for bigger and advanced gyms — definitely a lot cheaper to invest in than the average brick and mortar gym.
If you want to be a franchisee but need financial assistance, Special Strong can provide you a third party loan and other lines of credit.
With Special Strong, not only will you get a steady flow of income, but you can also make an impact on the community by helping them improve their health and overall lifestyle.
Target Market
Before committing to a franchise, you must consider its target market. It is important that you invest in a business that values inclusivity. With Special Strong, you can accommodate a wider demographic of clients and address their needs. This franchise focuses on helping people with a wide range of disabilities. Special Strong aims to develop both their mental and physical fitness.
Training and facilities
As a Special strong franchisee, you can enjoy state of the art facilities and experience hands-on training. All franchisees are required to undergo and complete the training to proceed. The brand ensures the quality of service provided as well as the safety of clients. However, do not fret because the initial fee already covers the training and use of facilities.
Once you finish the training, you will be accredited to operate your own Special Strong gym. But it does not stop there! You will still be provided with 90 hours of hands-on training and access to gym equipment to enrich your knowledge and preparation.
Special Strong ensures that all franchisees have a smooth transition to their business.
Length of Franchise
Franchise duration is also an important consideration, and often an overlooked one. Ideally, you should choose a franchise that allows you to build equity without being tied to a long contract or franchise agreement.
This is where the Special Strong franchise comes in. It provides flexible options and there is no single, fixed term. The length of the franchise will vary on the plan you will choose to invest in.
Want to start your journey to business success? Look no further and choose Special Strong. The entire process is a lot easier than you would expect!
For more information on how you can become an owner of a leading franchise in the USA, feel free to give us a call at 833-LIFE-GYM (543-3496) or shoot an email at [email protected].
We at Special Strong welcome new franchisees to the community with open arms!
10 Best Franchises to Start a Business at an Affordable Cost
Here is a list of the top franchises to own in the USA that are worth the investment. Take a look and see what’s in store for you.
Special Strong
The fitness industry continues to grow, and the Special Strong gym franchise is one of the top franchises to own in the USA. This brand is focused on delivering adaptive training to people who are physically and mentally challenged. There is nothing more fulfilling than running an ethical adaptive training gym. You don’t need a brick-and-mortar gym for franchising this business. Aside from that, thanks to its low royalty fee, you can keep up to 90% of your earnings.
Compared to the standard fitness businesses in the industry, setting up Special Strong is undoubtedly inexpensive. Special Strong offers the lowest start-up costs in the fitness industry. Rest assured that the company will provide the necessary coaching, training, and even weekly calls to ensure that your business is operating to success. Best of all, you can gain access to the advanced marketing tools that the brand owns at such an affordable price.
Dream Vacations
Albeit the company is new to the business, it is undoubtedly successful and a reliable source of income. They started operating in 1991, and the following year, the franchising started. This travel business is great for adventurers and outdoor enthusiasts. It offers travel packages, tours, hotel accommodations, and other travel-related services.
Thanks to the increasing number of travelers, the company has been growing since then. As of now, it has approximately 1,429 franchises in the US and three units overseas. The initial investment is as low as $1,795, and the initial franchise fee is $495. Thanks to its 1.3% royalty fee, you can keep most of the revenue. You can get financing directly from the company as included in the franchise fee. Aside from that, if you are new to the business, Dream Vacations is a great brand to start. They offer online courses, training, and support to ensure that you can operate your business with dignity and strategy.
Jan-Pro
Perhaps you’re more interested in offering services to other businesses, check out the Jan-Pro. This well-known commercial cleaning service for establishments and businesses is a go-to service for offices nowadays. Rest assured that it can provide you a steady income flow because Jan-Pro is already known and trusted in the metropolitan.
You can choose from two types of franchises from Jan-Pro. The first franchise is a home-based franchise representing the team that will do the cleaning services for your customers. The second type is the master franchise. This type of franchise will help in managing the units and oversee everything. The initial investment is only $3,985, and the initial franchise fee is around $2,520. As of now, Jan-Pro has 375 units.
Travel Leaders
Take a look at one of the most inexpensive franchises to own—Travel Leaders. This works best if you already have experience as a travel agent. The franchising opportunity will allow you to set up a storefront travel agency of your own. With an initial franchise fee of only $1,500, you can start offering great travel packages and services to your customers. Keep in mind that you need to have at least ten employees to operate Travel Leaders.
The brand is well-known in almost every part of the world. It has been offering services for decades and franchising for over 35 years. Travel Leaders is also a great option if you are still starting out a business because they don’t pressure you into a long-term commitment. There are different franchise ownership options to choose from, whichever suits you the best.
Jazzercise
The fitness industry is developing now more than ever. Jazzercise offers fitness franchising opportunities for starting small business owners. It was first established in 1969, and the brand means serious business. They have been growing since introducing 80’s music and leg warmers. They are also known for starting the dance party craze to promote modern and hip dancing along with their fun exercise routines.
If you want to invest in Jazzercise, you need to submit an initial investment fee of $2,500 and a franchise fee of $1,250. Make sure to find a good location and start preparing for dance moves that the brand will make popular. It is one of the cheapest franchises that anyone can afford and with its loyal customer base, rest assured that you’ll be able to see profit immediately.
SuperGlass Windshield Repair
One of the most inexpensive franchises that you can buy is the SuperGlass Windshield Repair. It only takes a few weeks for you to develop the skills that will allow you to franchise and operate the business.
The brand is originally based in Orlando and has different branches worldwide. They focus on delivering mobile services that have built a steady customer base who constantly need their windshield repair. Not only that, the overhead cost is lower than other franchises with an initial investment of $18,685 and a franchise fee of $5,000. Moreover, you need to have at least $15,000 net worth to apply for franchising.
Property Management, Inc.
As a business owner, you can take advantage of the fact that most Americans are still renting out a home instead of owning one. In this industry, you will never run out of tenants—be it short-term or long-term occupants of the property. There are huge opportunities and a steady profit in managing properties.
Property Management Inc. had been operating in over 40 states with over 200 branches worldwide. If you are interested in franchising the business, you will be trained and learn the most effective marketing solutions to ensure your business’s success. Do not be intimidated because you don’t need to be an expert in real estate to operate. Property Management Inc. provides full-scope training as included in your franchise fee. You will learn everything you need to know before you step into this industry.
Cruise Planners
If luxury travel is your cup o tea, we have the right franchise business for you. Cruise Planners is a travel express representative that has been operating since 1994. The company offers different travel-related services via the home network. The customers can choose different services to assist them with their travel endeavors, such as vacation packages, car rentals, cruise travel packages, and even on-land travel services. Cruise Planners began franchising in 1999, and currently, they have 3,061 branches from all over the world.
You can franchise Cruise Planner with an initial investment fee of $2295 and an initial franchise fee of $695. Thanks to their 3% royalty fee, you can keep most of the earnings to yourself. They also offer in-house financing for your convenience. If you are a veteran, you can enjoy up to a 28% discount. The Cruise Planners requires the franchisee to undergo a 49-hour wide-scope training to introduce you to the business and have a deeper understanding of how it works.
Baby Boot Camp
In this generation, mothers are putting more effort into getting back into shape after giving birth and taking care of children. You can take advantage of this fact and turn it into a profitable business with Baby Boot Camp. This business offers multiple fitness classes that are specifically designed for moms. There are also outdoor fitness classes that allow newly-birthed moms to bring their kids to the gym. Beyond fitness, the brand ensures that new moms are guided in taking care of their children. They have nutrition classes for pregnant women as well.
You don’t need to be an expert fitness instructor to start a business with Baby Boot Camp. The company will train you and help you get started with your business. With an affordable franchise fee of $5,000, you can get started. Or, if you want a cheaper option, you can visit their website and check out existing franchise territories that are now for sale. It will cut half the cost to get you going with this fitness business.
Chester’s Chicken
Chester’s Chicken is one of the most affordable franchises to own in the USA if you are into fast-food chains. Not everyone can afford McDonald’s and other renowned fast-food chains but rest assured that Chester’s Chicken is as profitable as ever. This low-cost fast-food franchise is highly recommended due to its popularity and flexible franchising selections. With just $3,500, you can start your own chicken shop with the brand.
Aside from that, Chester’s Chicken is one of the few franchise businesses that offer a store-in-store option. For instance, if you have an existing grocery store and want to franchise Chester’s Chicken, you can sell in your existing store. There’s no need to find another location and set up another stall. As you can notice, Chester’s Chicken is almost everywhere. From mall food courts, truck stops, and college campuses, there is a wide list of location possibilities to choose from. The brand started operating in 1965.
Different Financing Options to Franchise a Business
Now that you know the top franchises to own in the USA, financing is a great option to jumpstart your business. The following methods will help you to afford and set up the business of your dreams:
Loans from friends and family
Borrowing money from your friends and family is an appealing choice due to the low-interest rate and flexible payment methods. You won’t feel pressured to repay them as soon as you can when you’re still starting a business. There are lesser risks that are associated with transacting with your close friends and families. Just make sure that everything is written and signed in an agreement.
Franchisor financing
Suppose you want more secure financing, head over to your franchisor directly. For example, Special Strong accepts financing to franchise their business. They offer great support and other funding options to help you get started. There are several borrowing options with minimal risks that you can use to start operating a franchised business.
Traditional loan
A traditional loan is also suitable when starting a business. Just make sure that you have a good credit score to get approved by your lender easily. Also, be wary of the borrowing arrangement and clarify everything with your lender before signing an agreement.
Final Thoughts
Franchising a business could be the ‘big break’ that you are waiting for. With the number of top franchises to own in the USA, you will never run out of choices when operating a business. Franchising offers a risk-free entry point for many aspiring businessmen. Start small and work your way on top. Before you know it, you’ll be one of the leading business people in the industry, thanks to franchising.