Many have thought about starting a business, only to realize they aren’t capable of building it from scratch. For those who want another option, a franchise may be a better choice. Here are 5 businesses you should look into if you want to open a franchise.
Anytime Fitness
Do you love working out? Does the thought of helping others get into shape as well something that interests you? If so, you may want to look at opening an Anytime Fitness franchise. This company is dedicated to helping its customers reach their fitness goals, no matter what they may be.
The investment for an Anytime Fitness franchise is somewhere between $381,575 – $783,897.
Little Caesars
Little Caesars is another good choice for entrepreneurs who want to open a franchise. The company was founded in 1959 and now has more than five thousand locations in the United States. Little Caesars is a pizza chain that is known for its Hot-N-Ready pizzas.
The cost to open a Little Caesars restaurant starts at $379K. It even offers a discount for veterans interested in a franchise.
Merry Maids
Do you like to help people get their homes tidy and earn at the same time? House cleaning is an excellent entrepreneurial opportunity you just might be looking for.
For entrepreneurs who want to open this type of business, franchising Merry Maids may be your smartest choice. The total investment depends on the size of the market you’re serving. Owning a Merry Maids franchise will cost you anywhere from $94,480 to $144,425. This is a great entry point for those who may not want to borrow money to start their business.
RE/MAX
If you’re interested in the real estate industry, becoming a RE/MAX franchisee may be the perfect opportunity for you. You’ll need to have a minimum of $100K in liquid assets as well as a net worth of at least $500K. To own a RE/MAX franchise, the initial investment is between $43K and $287K.
KFC
For those with money to spend and a love for great chicken, KFC may be a franchise for you. KFC is a fast-food restaurant that specializes in fried chicken. The company has been in business since 1952 and now has more than 19,000 locations worldwide.
KFC charges an initial franchise fee of $45K, but the total cost can be as high as $3.16 million. This may make this unattainable for many, but for those that have the funds, this could be a great choice.
These are just a few of the businesses that entrepreneurs may want to investigate when looking into franchises. Anytime Fitness, Little Caesars, Merry Maids, RE/MAX, and KFC all have different requirements for those wanting to open a franchise.
It’s important to do your research and make sure you’re making the best decision for yourself and your future. Franchises can be a great way to get started in business without having to start from scratch, but they’re not for everyone. Consider your options and choose wisely.
If you know a company that would be great for an entrepreneur who wants to open a franchise, let us know in the comments below!!
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Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.