Do you like the idea of owning a franchise, but don’t have the cash you need most? No problem. We have some low cost franchises that won’t break the bank!
Starting a franchise is an exciting and rewarding way to build your own business. Some of the local businesses that you interact with on a daily basis may be franchises. What you may not know is that there are several low-cost franchises that you can run from home.
This means you don’t have to worry about paying for physical space or hiring multiple employees. In this article, we’ll explore 7 low-cost work-from-home franchises and how to get started with each.
How Franchises Work
Owning a franchise allows you to use an established brand name and proven business model while having the freedom to decide how to run your personal business. There are several franchises in various industries, and some of the most common include companies such as McDonald’s, Starbucks, 7-Eleven, and The UPS Store.
With a franchise, you operate under a specific well-known business and you usually pay a fee to get started and meet other financial requirements.
Low cost franchise
Starting a franchise can be expensive, depending on the company, but smaller companies with fewer requirements tend to charge less. If you’re looking for a franchise company with low start-up costs, here are 7 home-based options worth exploring.
1. Baby body guard
Baby body guards A premier child-proofing service headquartered in New York. The Baby Body Guards model was developed in conjunction with pediatricians, child psychologists, first responders and other child protection professionals.
There’s an initial franchise fee of $15,000 to get started, and you’ll receive training that will teach you how to install and operate every product and service the company offers.
Each franchise owner will have their own area to operate. You can work flexibly from home and enjoy part-time hours if you want. With Baby Body Guard, your business can be up and running in less than 3 months and you’ll get the following:
- Proprietary Curriculum and Procedures
- Equipment Specifications
- New owner training program
- The operations manual provides instructions on procedures, marketing, customer service and other aspects related to successfully operating a baby bodyguard franchise.
- Ongoing content development
- Extensive ongoing support
- Website Services
- Use of Baby Bodyguard branding
2. Dream vacation
dream vacation A home-based travel agency and one of the most exciting low-cost franchises to consider. The initial franchise fee is $10,500, but you can start with as little as $3,500. You also get 100% travel commission for what you help book.
With this company, you can help clients find the best deals for travel including cruise packages, resorts, hotels and car rentals and more. Franchise owners can also get free and discounted rates for their own travel as an added benefit.
With Dream Vacations, all technology is web-based, and you get full training, including lead generation as well as 24/7 support. Dream Vacations spends more than $4 million annually on marketing and promotions for franchise owners.
3. Cruise Planner
Cruise Planners is a home-based travel advisory business and one of the largest travel franchises in the U.S. You don’t need any experience to start your own business and you’ll learn how to help clients plan trips like cruises, land tours and all-inclusive resort vacations.
This business is also flexible, allowing you to set your own hours and Cruise Planner Also provides all the technology, marketing and support you need to run your business. This is another low-cost franchise with initial franchise fees starting at $8,999.
By taking on less debt, you can invest more money into growing your business over time.
4. Decorating Den
Do you love to decorate and have an eye for detail? Decorating Den is an interior design business with franchise owners located throughout the company. You can gain business name and reputation to secure local interior design clients in your area.
The company has been around since 1969 and provides you with a design concept, training and various resources. The design process begins with a phone consultation with the client. Then, you set up a tour of the client’s space to create a plan and understand their budget.
After that, a design plan will be created and you can choose colors, fabrics, furnishings, bedding and more. Decorating Den has relationships with over 150 vendors and provides professional training, business management services and turnkey marketing systems to all franchise owners. The initial investment is as per Franchise Direct $39,900.
5. FIT4MOM
FIT4MOM is a leading company for prenatal and postnatal health, wellness and fitness. The organization offers support, community and fun fitness classes to mothers online and in their local area.
FIT4MOM currently has approximately 2,000 class locations, 1,850 instructors, and 250 franchise owners across the US. The company is ranked by Entrepreneur magazine’s 500 as one of the fastest growing low-cost franchises.
As a franchise owner, the programs and classes you will learn to offer include:
- FIT4BABY Stroller Strides
- Stroller barre
- good body
- Body Boost
- RunClub+
- burn the body
- FIT4MOM
This business is also flexible, allowing you to set your own hours, and you’ll also get onboarding support, community and a supportive home office team to help you set up.
According to Franchise Direct, the initial franchise fee for FIT4MOM is approx $7,495-$13,395.
There are a couple of other franchise opportunities that are similar in nature Mothers on the run And Baby Boot Camp Franchise. There is not much information on their website, but you can request additional information if you are interested.
6. Only among friends
Just Between Friends is an award-winning children’s pop-up resale franchise that helps families save hundreds of dollars on clothes, shoes, books, toys, baby gear and more. Business owners buy gently used baby items from consignors to build inventory.
This is a seasonal business with franchise owners producing spring and fall events, so you’ll enjoy a flexible schedule versus managing the business and tracking sales year-round. Just Between Friends has an initial franchise fee of $24,900, and the total investment to start operating your business will range from $65,635-$94,775.
Other costs may include inventory, storage, marketing and pre-opening labor costs. Just Between Friends offers a number of tools and resources to help you get started and support along the way. This includes 30 hours of online training and coaching as well as 56 hours of classroom training and onsite apprenticeship hours.
7. Neat method
Neat method A home organization company that both sells products and provides on-site organizing services. The company has been around since 2010 and now offers franchise opportunities with an initial franchise fee of $30,000, where you can start offering home organizing and virtual organizing services to clients in your area.
As a franchise business owner, you will learn how to become an expert in home organization, unpacking and decluttering for different spaces.
Like some of the other businesses on this list, The Neat Method isn’t just a work-from-home business because you may need to travel to clients’ homes. However, you can do most of your training and marketing work from home and consult with clients online or over the phone.
What to keep in mind when starting a franchise
As a franchisee, it’s important to look beyond the initial investment costs and consider other setup and overhead costs. Make sure you understand the full upfront investment and receive adequate training and resources to contribute to your success.
It is important to do your due diligence and ask detailed questions about the business before making a final decision. All franchise companies must provide Franchise Disclosure Documents (FDD) which is a legal disclosure required by the Federal Trade Commission (FTC).
The FDD provides detailed information on how the business relationship between the franchisee and the franchisor will exist and the responsibilities of each party. This document should also demonstrate how royalties work, royalty fees and other fees including recent profits and performance.
If you agree to start a franchise and pay an upfront fee, you essentially agree to license that franchise company’s know-how, processes and trademarks through your business. Although there are many things to consider, you should definitely take your time to think through starting a franchise and perhaps discuss FDD with a legal representative.
Is a low-cost franchise right for you?
Some of the most profitable franchises may also have low startup costs. If you want to start your own small business but still rely on a well-known name and proven system, this home-based may be ideal.
While some franchises require six-figure investments or have minimum net worth requirements, you can consider setting up your own decor, vacation-planning or pop-up shop business as a franchise in just a few months.
Starting a franchise requires hard work and dedication, but with the right preparation, you can have a rewarding experience owning and operating your own business.
Do you know of any other low cost franchises? Drop us a note below; We want to hear from home!
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