The most beautiful feature of franchising is that there’s something for every kind of pocket. While there are certain franchise ventures that cost more than $1 million dollars, there are also other concepts that can be started below $20,000! Generally, the franchises that cost below $30,000 at the time of starting are considered as low-cost franchises. But there are particular categories where even higher start-up cost is considered as low-cost (like restaurant, retail or hotels). Since these categories need big real-estate location, the price of the property pushes up the cost of starting a franchise.

There are certain things that you should keep in mind when you go for franchise businesses. Firstly, the low cost should not come with low support. The support of high-end franchises may not be there, but it must include exhaustive training, on-going help and initial start-up assistance. Also, check out the financial condition of the franchisor from the UFOC before signing any franchise agreement. That will protect you from fraudulent companies and franchisors with poor infrastructure. Hence, taking the help of a competent franchise attorney is also a must.

low-cost franchises can come from any field; but generally they come from the category of service-based franchises. These industries have lower overhead charges and don’t require buying products or raw materials (in most cases). That reduces the cost of starting a franchise as well as running it. Moreover, most of them are home-based, which is another reason why they are so economical. But, like everything else, low-cost franchises too have their negative side. No matter how successful you are, there’s a limit to the amount you can earn from a low cost franchise business. Business will be slow in the initial days, but as the running cost is not that high, it becomes easier for people with limited budget to operate the business. Below are some franchise opportunities that are considered as popular low cost franchises:

FiltaFry: Dealing with the job of cleaning oil in restaurants and other cooking places, this is a very promising franchise opportunity that is easy on the wallet.

Maui Wowi’s Hawaiian Coffee and Smoothies: The franchisor allows multiple unit owners and is one of the fastest-growing companies from the food industry. Its success lies in its thirst-quenching, energy-boosting smoothies and other refreshing drinks.

Liberty Tax Service: People love the services of this franchisor, as it helps them to avoid paying extra money as taxes. That is why there’s a huge demand for this concept’s franchise business for sale offers.