Franchise News
CNBC: These 10 Low-Cost Franchises Can Make You Rich
Brands that boast a minimum initial investment under the $100,000 mark can lead to high rewards.
Wanting to be your own boss doesn’t mean that you have to build your own business from scratch. The franchising industry offers entrepreneurs a way to become a part of a proven system that’s already in existence. And according to a recent CNBC article, it doesn’t have to break the bank.
The article notes that Franchise Business Review recently released a report of 80 concepts that boast low initial investments and the potential for a high ROI. Every brand listed in the report has a minimum investment that falls under $100,000, and has positive validation from its current franchisees. Brands that made the list include Baby Boot Camp, Amazing Athletes, Complete Weddings + Events, Sit Means Sit and Proforma. However, Stites notes that joining one of these brands as a franchisee doesn’t guarantee success without hard work.
“You’re investing in hopefully what is a proven business model. You’ve got a whole network of franchise owners doing the exact same business that you’re doing,” said Franchise Business Review CEO and managing director Eric Stites in an interview with CNBC Make It. He then added, “You still, as the business owner, have to go and make it all happen.”
To read the full list, click here.
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About the Author
Cassidy McAloon
FollowCassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR.
Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University. In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.
