Startup Business Ideas and Tips

When it comes to startup business ideas, the one most people seem to be interested in today is franchising, and that's hardly surprising since a franchise can turn in profits quickly. But there's always the question of the startup cost. Yes, a franchise can make you money, but at what initial cost? Well, this guide can help you out.

HR Block

The leader in tax preparation, HR Block offers one of the best low cost franchise opportunities for operators. The royalty fee is 30% but there's no up-front franchise charge, and the total investment cost is around $35,000 maximum. In addition, there is in-house financing for payroll, inventory and equipment available.

Subway

Subway is one of the most popular franchises in the world, and it's become a hit in many small towns because it is affordable. Unlike other fast food restaurants, the cost of a Subway franchise will just be around $84,000, and you don't need to pile up on fryers, grills and other equipment like other restaurants require you to. Another nice fact is Subway doesn't require a lot of space so zoning won't be an issue.

Jazzercise

With more and more Americans becoming health conscious, Jazzercise has become one of the more attractive options for those looking for low cost franchises. A franchisee can run the franchise from home and there's zero dollar liquidity and net worth to boot. The total franchise fee can be as low as $500 to $1,000, and your total investment is around $3,000 so it's a good investment with minimal risk involved.

Comfort Keepers

Comfort Keepers is a non-medical in-home care service, with the investment around $60,000. The biggest part of the fee is the $38,500 franchise cost. The fee is higher than the others on this list, and the prospective franchisee needs to have at least $57,000 in liquid assets and $200,000 net worth. While the requirements may be steeper compared to others, the chances of turning in a profit are high as the number of Baby Boomers needing help and care continue to grow.

ServiceMaster Clean

ServiceMaster Clean specializes in commercial and retail cleaning services as well as disaster cleanup and restoring. A franchise can be as low as $48,000, and in many cases you only need about three workers per location, so it's cheaper. In addition, you can run the business from home and financing is readily available.

Finally there's 7-11, the ubiquitous convenience store. There's $0 cash liquidity requirement, and you can get financing as well. The cost of franchising can be as low as $30,000, but it could be more expensive depending on the setup. Royalties also vary so you need to check around first before making a commitment to buy the franchise.





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