With 2016 upon us, one of the best parts about the New Year is having the chance to start over.
Individuals make multiple resolutions, ranging from losing weight, learning something new, and, of course, getting out of debt and save money. Others have their sights set on the bigger picture—maybe this is the year you finally start your own business? While in search of “the next big thing,” new entrepreneurs want to ensure they are getting the most value in which they have invested their savings into. Starting a business can be pricey but not impossible—this could be the year you finally stay true to that resolution.
According to Eric Bell, general manager of FranchiseGator.com, investing less than $50k to open your business is relatively inexpensive in the world of franchising.
“When it comes to a lower price range, franchisors find that they have an easier time selling units, which makes it even more important to hire the right franchisees. On the other end of the spectrum, these low cost franchises make it easier for new entrepreneurs to get their foot in the door without putting everything at risk,” Bell said.
Here are five franchise concepts under the price of $50,000.
GYMGUYZ is No. 1 in home personal training, providing convenient, customized and creative workouts. Headquartered in Plainview, N.Y., the company aims to bring their premier health and wellness services to the comfort of a customer’s home, office or setting of choice. Founded in 2008 by fitness specialist Josh York, today the mobile brand employs a full fleet of trucks to bring state-of-the-art fitness equipment and expert coaches to their customers’ doors.
Virginia-based Mosquito Joe provides mosquito control treatment to residential and commercial customers nationwide. Technicians are trained mosquito control experts dedicated to getting rid of mosquitoes so people can enjoy being outside again. While each Mosquito Joe is an independently owned franchise that offers customers reliable and effective service from a trusted community member, it is also backed by a national network of technical expertise.
JAN-PRO International was founded in 1991 in Providence, Rhode Island, to offer the highest-quality cleaning techniques and systems available to offices and commercial and healthcare facilities. JAN-PRO’s global network of thousands of unit and master franchisees serves more than 35,000 customers in 13 countries.
According the company’s website, “Kinderdance is the original worldwide dance, motor development, gymnastics, and fitness program that combines academic readiness skills which are specifically designed for children ages 2 to 12. What makes Kinderdance unique is that all of our programs incorporate educational concepts in a developmentally designed curriculum that teaches to the total child. We place special emphasis on building "Self Confidence" and "Self-Esteem" in young children.”
Amazing Athletes provides a year-round, structured curriculum that introduces children to nine different ball sports and helps them to master seven key areas of motor-development. Children in the program will learn to identify and locate 10 different muscles and distinguish the purpose of vitamins and minerals in their fruits and vegetables.