Everyone has heard of Mcdonalds, Burger King, and other popular franchises but they also cost a few $100,000 and more to start. Instead, there are some really pretty decent franchises that can be started for less than $50,000.
1. Sears Cleaning Business – The start up cost is $26,000 but you get a well known name with the backing of the sears cleaning team. This fee includes training and forms and they also will provide financing.
2. Sell 4 Free – This is a company that does not charge a fee to sell a customers home as long as the seller also buys a home through the franchise. The start-up fee is $29,000 which the franchise will finance.
3. Senior Helpers – This company provides assistance and help to seniors in need of care. The initial start up fee is $40,000 and the company also provides financing.
These are just a few of the possible franchises available for under $50,000. You don’t need to risk a lot of capital to start your own franchise.
Another passive income I have been researching a lot of has been franchising. I love that you can basically buy a ready to go business with a corporate program and system already in place.
What I don’t like are the high start up costs and franchise fees that you will pay for the life of the franchise. Last I checked buying a Mcdonalds franchise cost from $500,000 on up and that doesn’t include the physical restaurant or land.
Most entreprenuers would either have to take out a loan or already have about 1 million dollars in cash. Since this automatically disqualifies many people I think there is a better way. Why not start your own business and create your own franchise to sell to others.
It’s not as complicated as you may think. Create a business, write manuals on how to set up the business, create a training manual, videos, provide a training consultant, and get a 1-800 # and your basically in business. This is an overly simplified version but not by much and anyone with some hard work could make a franchise out of almost any business.