Franchise Business Review Ranks 50 Best Low-cost Franchises in 2022

Purchasing a franchise can be more accessible than may seem. Many award-winning franchises have initial investments starting below $100K. And while they are affordable, there is no compromise in quality; these franchises meet or exceed owner satisfaction standards.

Franchise Business Review, a market research firm specializing in the franchise industry, has released its list of the Top 50 Low Cost Franchises for 2022. In a press release, FBR explains that “Franchises on the list were identified based on survey feedback over the past 18 months from nearly 11,000 franchisees across over 135 brands with an investment starting under $100,000”; FBR surveyed franchise owners in an effort to gather data from those who know best.

Franchisees were asked 33 questions regarding their relationship with the franchisor, designed to evaluate things like leadership, financial opportunity and core values. According to the release, an additional 16 questions addressed the franchisees’ “business lifestyle and overall enjoyment of running their franchise.”

In the press release, Franchise Business Review CEO Eric Stites explained that there is a common thought that franchising is too expensive for the average person, but most people aren’t aware of the fact that there are many franchising opportunities that can bring the pride and accomplishment of business ownership with a smaller financial burden.

The Top 50 list is a great resource for potential franchisees who are not yet ready to invest hundreds of thousands of dollars and those who may need a reminder that franchising is within reach. According to the release, “The median annual investment in a low cost franchise is $75K before financing,” and 2019 FBR data shows that the average annual income of low-cost franchise owners is $77,851, with 13% of these owners exceeding an annual income of $150,000.

Guidant, an innovative small business funding firm, lists four major benefits of investing in a low-cost franchise: affordability, flexibility, decreased debt, and an already-proven business model. For those looking to make a career change and take the leap into franchising, one of these 50 low-cost options could be an excellent place to start.