As of now, well over 100,000 small businesses have closed because of the coronavirus pandemic and may never reopen again. More small businesses than that have probably closed temporarily or permanently as well – those are just the statistics of the moment. And those statistics are very frightening when considering the future of small businesses in America. About 99.99% of all American businesses are small businesses – businesses that employ 500 people or less. However, there is no hope in despair. There are many businesses that persevere through most circumstances – like the franchise. For less than $15K business franchise opportunities can be yours.
Less Than $15K Business Franchise
For less than $15K business franchise opportunities are easy to find. The hard part is finding franchise opportunities that suit your personal circumstances
I have yet to realize my own dream of starting a business. It just isn’t as easy to do as people may think.
Additionally, the only thing that may be harder than launching a franchise business is keeping it open long-term. And, profiting from it.
One way that you can get into the business game relatively easily, even in a pandemic, is through franchising.
People love resorting to the familiar in times of adversity.
Unfortunately, the average startup costs for most franchise businesses are over $35,000.
However, if you plan to work just for yourself there are many low-cost franchise opportunities available.
All you need is a few thousand dollars and a realistic business plan.
Jan-Pro Cleaning Services
Jan-Pro, in business since 1991, offers master office and single-unit franchises opportunities.
You can open a master franchise office and manage a cluster of franchises in your region.
Or you can launch a home-based, sole-proprietor cleaning unit franchise. Jan-Pro has over 10,000 franchise units located throughout Canada and the United States.
As a franchisee, you will need to network for business with local businesses like gym clubs, high schools and colleges, banks, and so on.
Create and foster your working clientele before you start so you don’t have to worry about clients after launching.
Jan-Pro is known for using, “green friendly,” cleaning chemicals and less of them. Franchise opportunities start at $4,000.
Cruise Planners
An estimated 84.5 million Americans traveled throughout the year-end holiday season in 2020. Over 1 million Americans flew by plane domestically on Thanksgiving and Christmas.
Even in the midst of a once-in-a-century pandemic, people are desperate to travel and to find some kind of pre-pandemic normalcy.
People will want to take cruise trips again sometime in the future. This is a prime opportunity for a less than $15K business franchise.
We live in a digital age where people can book online vacations as easy as tapping on a laptop or smart device. However, the travel agent is not obsolete yet.
Many people like having custom itineraries planned for them. Also, many large families, businesses, organizations, and offices rely on travel agents for group-based travel opportunities.
Cruise Planners is a travel agent franchising company that specializes in such full-service business models. Its parent company is American Express.
Cruise Planners, along with planning cruise vacations, also offers land-based travel packages, car rental, and travel insurance. You can start your own home-office franchise for as little as $11,000.
Jazzercise Inc.
Most people just don’t like to exercise. In fact, most gym clubs make their money from procrastinating members who pay but never show up.
Exercise is a boring, monotonous activity. Most people do it incorrectly, relative to the physical results they want, and give up easily.
As a fitness instructor, you can motivate people to get healthy and make a living at the same time.
Jazzercise Inc. offers dance inspired exercise training and classes that keeps participants motivated to get in shape. And, have fun while they are doing it.
The company has almost 9,000 franchisees globally. As a Jazzercise instructor, you will have to undergo training and certification courses.
This franchisor is actively seeking franchisees. You can own a franchise studio for as little as $9,000.
The Jazzercise franchisor will help you implement COVID-19 safety standards in your work as well.
Chester’s Chicken
Chester’s fried chicken restaurants offers franchising units that serve smaller scale business markets.
This would include strip malls, airports, convenience store stops, college campuses, supermarkets, and more. So, as a franchisee, you would have to pick your location and consumer base carefully.
Your relative success with such a franchise depends on your location, demographic, and business plan. You can start a small-sized franchise for as little as $13,000.
For less than $15K business franchise opportunities are aplenty for the ambitious.
Less Than $15K Business Franchise – Franchise Fees and other Costs
Low-cost franchises are a convenient way to get into business. Still, nothing in life is free.
Many franchises require you to pay monthly or regular franchise, royalty, and marketing fees.
Also, many franchisors require that you buy all of their supplies exclusively from them. So, you won’t be able to shop around for the best inventory deals.
Additionally, you will have to pay for local advertising to augment your local consumer demographic and ensure a return on investment.
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Allen Francis was an academic advisor, librarian, and college adjunct for many years with no money, no financial literacy, and no responsibility when he had money. To him, the phrase “personal finance,” contains the power that anyone has to grow their own wealth. Allen is an advocate of best personal financial practices including focusing on your needs instead of your wants, asking for help when you need it, saving and investing in your own small business.
