Franchisor Stories

Great Low-Cost Franchises Under $50k
Starting your own business doesn't have to drain your savings. Here are five inexpensive franchises.

Franchisor Stories

Starting your own business doesn't have to drain your savings. Here are five inexpensive franchises.

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.
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About the Author
Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.