Investing in franchises for sale can deliver great returns. Steady growth in the category continues to hold true, according to the International Franchise Association. They expected an increase in franchise units, employment, and total value.
Since franchises come with a framework, they are easier to set up than an independent business in many ways. However, you want to compare franchise businesses for sale to determine the best fit for you.
In this blog, Mark Renehan, Vice President of Franchise Development, will discuss how to choose a franchise, provide a list of franchises for sale across a range of industries, and reveal the best franchises to own with low investment requirements.
What You’ll Learn:
- Evaluating Franchise Opportunities
- Steps to Acquire a Franchise Business for Sale
- Affordable Franchise Opportunities Under $10,000
- Exploring the Top Existing Franchises for Sale
- FAQs
Expert Opinion on How to Find the Best Franchise to Own
When getting off the ground as a franchisee, you’ll start your journey with research. There are lots of options and segments in the franchising world. When looking for a franchise opportunity, you want to define your investment, the level of difficulty in getting up and running, and many other factors.
By aligning your personal goals, interests, and budget with the various franchise options, you’ll increase your chances of long-term satisfaction as a franchisee. With proper due diligence, you’ll be less likely to struggle and feel stuck. Franchise development can be complex, so position yourself for success with the strategies and tips I share.
*This does not include financial or legal advice.
What “Franchises for Sale” Really Means
Several categories fit into the bigger bucket of franchise business for sale. Let’s look at each:
New Franchise Units
A new franchise unit sale refers to the creation of a new location. The franchisee pays the franchisor. Those fees include initial franchise fees, startup costs, ongoing support, and royalties. In this case, you’re building a new business from scratch, backed by the franchise’s brand.
The franchisor may also help with a variety of things, including:
- Site selection
- Licensing
- Marketing
- Recruitment
- Operations
A business available for franchise may have a variety of requirements, including net worth minimums and experience in the vertical.
Pros:
- Building from the bottom up to align with your goals and objectives
- Support from the franchisor for go-to-market
- Customizable based on your preferences
Cons
- Most expensive option
- Long timelines in some cases
- Depending on the franchisor, it may not be available in your chosen area
Best fit for those with:
- High net worth and liquidity
- Previous franchise experience
- Those with a vision for their new business venture
Franchise Resales
A franchise resale describes purchasing an existing business. It’s already operational, so you would assume ownership.
Pros
- Potential for quicker profitability
- Customer base and history included
- Lower cost than a new unit
Cons
- Less customizable than a new unit
- Brand reputation and operational efficiency may need a revamp
- Selling terms may not be favorable, depending on existing obligations
Best fit for those with:
- Experience in franchising
- Less money to invest
- A good understanding of the market and competition
- Operational expertise
Master Franchises
Master franchises refer to the owner granting another person or company the ability to recruit and manage franchisees within a defined area. If you’re a master, you’ll have multiple locations under your umbrella and will train and support them all. In return, you would receive a portion of the fees and royalties.
Pros
- High earning potential
- Working with a proven framework
- Control and influence over the region’s locations
Cons
- Various state laws may impose limitations
- Lots of people, plans, and operations to manage
- Legal and financial risks
Best fit for those with:
- Strong leadership and management skills
- Experience in operations and marketing
Evaluating Franchising Opportunities
What are the best-rated franchise opportunities? To answer this question, you’ll need to assess the options, looking at a variety of components, including:
- Cost, investment and fees
- Support and training programs
- Market demand and competition
- Brand strength
- Operational complexity
Let’s break down each of these.
Initial Investment
One key consideration is the initial investment you’ll need to make in a franchise business for sale. These are the costs you will need to make upfront before you can own your franchise, with the average startup costs around $150,000 for some of the best franchises to buy.
The franchise fee is one of the main initial costs, allowing you to use the franchise’s brand, systems, trademark, and training program. These fees vary depending on the brand, support, and industry.
Other initial costs to consider include:
- Real estate and leasehold improvements to meet your and the franchisor’s standards of design and appearance
- Inventory and equipment
- Professional services
- Working capital
- Marketing and advertising for each location, including franchise paid media and SEO for franchise locations
Franchise Support
Support from the franchisor should be part of your evaluation. Some of the best offer the following:
- Training and education for franchisees and employees
- Marketing and advertising templates and assets for everything from franchise email marketing to ad campaigns
- Operational support with guidelines covering operations and branding
- Peer networks to troubleshoot issues and share ideas
- Financial assistance
Market Demand and Competition
Additionally, you must quantify demand for your offerings based on the location and the competition you face.
If it’s a saturated market, you should lean toward those with the most brand awareness. You’ll also need a larger marketing budget when competition is steep.
Brand Strength
Factor in the brand equity of your franchise when comparing them. As noted, this is especially essential in crowded markets. Greater consumer awareness means you don’t have to introduce people to the brand, just your location.
Operational Complexity
Some franchises are simpler to run than others. What makes some more complicated includes licensing, regulations, services versus products, supply chains, and more. Complexity can be the result of any of these things or a combination of them.
Due Diligence Checklist
Before you sign and pay, this checklist helps you research to ensure a sound investment.
Franchisor Background
First, you want to research the history of the franchisor. Doing so provides a transparent review of their operations and reputation. Include these areas:
- Litigation: Are there any pending or resolved lawsuits?
- Complaints: Does the franchisor have a history of negative complaints?
- Unit closures: Have any recent branches gone out of business?
- Unit economics assumptions: What are the profitability projections?
Franchise Validation Calls
Franchise validation calls involve you contacting current franchisees for their feedback and opinion. You can ask questions about franchisor support, profitability, and other market dynamics. Questions to ask current franchisors:
- How is the operational support?
- What type of margin do you average?
- How can a branch use the marketing fund?
- Does the franchisor provide training and operational assistance?
- What are the most common challenges in running the franchise?
- What does the franchise fee include?
- Are there any specific restrictions that the franchisor requires?
Territory Rules
Look into how the franchise breaks up areas into territories. If a location already exists in one city, find out if they allow others and what the geographic rules are.
Marketing Fund Usage
Many franchises collect money for a general marketing fund. With your contribution, you should know how you can spend it. There may be rules around the kind of advertising it applies to or other guidelines.
Required Suppliers
Brands often have preferred supplies. Those franchising must use these because of special contracts created. It could enable better pricing, but availability may not always be constant. The franchise should provide this during your evaluation.
Exit and Transfer Terms
If you are buying a franchise for sale, these are critical. These terms dictate how you can acquire the location. If starting a new one, familiarize yourself with these if you plan to sell one day.
Legal Considerations
Before looking at the many franchises for sale, get acquainted with the various legal documents and obligations involved in franchise ownership, such as:
- Franchise Disclosure Documents (FDDs): These documents come from franchisors and provide information about their background, legal history, financials, and fees.
- Franchise Agreements/Contracts: Franchise agreements and contracts determine the precise responsibilities and rights of franchisors and franchisees. They detail operational standards, royalties, fees, and various clauses.
- Intellectual Property: Franchisees must also use logos, trademarks, and other intellectual property belonging to the franchisor in alignment with their guidelines and with their permission.
- Territorial Rights: There may also be certain restrictions when it comes to territory permissions for the franchise and other nearby businesses, including competitors.
- Employment Laws: Franchise businesses must maintain compliance with all state and federal employment laws regarding workplace safety, minimum wage, workers’ compensation, and other aspects.
- Consumer Protection Laws: Franchises also need to avoid potentially misleading advertising and other violations of consumer protection laws.
- State Laws: Some state-specific laws might apply to franchises, including certain registration and coding requirements.
Steps to Acquire a Franchise Business for Sale
You need to understand the process of acquiring a franchise business before diving in headfirst.
These steps outline the path toward ownership.
1. Introduction Call
Once you have narrowed your list of available franchises, schedule a call to go through the process. Have all your questions ready.
2. Discovery
After the first round of calls, you’ll be putting together your “discovery” notes. Gather all available information about each franchise opportunity.
3. Validation
Now, it’s time to score each franchise based on evaluation criteria. If there are any unanswered questions, go back to the franchisor for clarification. You can also reach out to current franchise owners for feedback.
4. FDD Review
This critical piece of the process provides you with financial performance indicators, investment requirements, fees, responsibilities, and more. It’s a legal document, so it’s best work with legal counsel to understand it before you sign.
5. Financing
The franchisor may or may not offer this, and you may not need it depending on your liquidity. If you are going to finance this purchase, you should have the funding worked out before signing any contracts.
6. Signing
After you’ve reviewed the FDD and have financing in place, it’s time to sign the contracts.
7. Onboarding
After signature, it’s time for onboarding. This will look different depending on whether you are starting a new franchise or buying one that’s already in business. The former takes much longer and has many elements in it. For a resale, onboarding may be fast, especially if you have previous experience.
8. Marketing Launch
Whether a new or existing business, you’ll want to work with your franchisor on the marketing launch. It could include a new or refreshed website, creating or taking ownership of social profiles, setting up or getting access to the Google Business Profile, starting advertising campaigns, working with influencers, and more local marketing tactics.
Typical Timeline
With a new franchise, the timeline could be anywhere from one to two years, depending on site complexity, regulations, and training. Taking over a franchise will be much shorter. From the time you make an offer until the final signature could be less than 90 days.
Financing Options for Franchises for Sale
The following are some of the financing options available for a business or franchise for sale:
- SBA Loans: A Small Business Administration (SBA) loan, which participating lenders can make, offers long repayment plans and low interest rates to help franchisees save more money on opening.
- Franchisor Financing: Some franchisors may also offer their own financing plans, either through affiliated lenders or directly by the franchisor itself.
- Traditional Bank Loans: Many banks and credit unions offer financing options for franchises. You will typically need to provide these institutions with a viable business plan and have a good credit score, along with collateral.
- Alternative Lenders: Non-bank lenders are another option, although these loans tend to come with shorter approval timelines at the cost of high interest rates.
- Rollovers for Business Startups (ROBS): If you have a 401(k) or another qualifying retirement account, you could use these funds to open your franchise without potential taxes and penalties.
- Home Equity Loans/Lines of Credit (HELOC): Franchises may also utilize home equity for financing, often with lower interest rates compared to other options.
- Personal Savings: If sufficient, you may use money from your own savings to finance a franchise, but it’s essential to account for all initial and potential expenses before using your own funds.
- Angel Investors: Some groups or individuals might be willing to invest in your business in exchange for shares of the company’s ownership.
Financing Comparison
| Type of Financing | What Lenders Want | Document Requirements |
| SBA | Good credit score, low debt, collateral | Business plan, tax returns, financial statements, legal documents (e.g., licenses) |
| Bank | Excellent credit scores, collateral | Financial records, business plan, franchise agreement |
| Franchisor | Liquidity, prior experience running a franchise | Financial records, tax returns |
| HELOC | Favorable property value, good credit scores | Financial records, tax returns |
| ROBS | Rollover into a qualified 401 (k) plan | Corporate formation documents, tax returns |
Affordable Franchising Opportunities Under $10,000
Looking for a low-cost franchise opportunity? Here are some options under $10,000.
The first place to look is on Franchise Direct. You can filter your search based on industry, location, and investment level.
At this time, Franchise Direct lists the following top franchises under 10K:
- SiteSwan Website Builder
- Cruise Planners
You can also learn more about the following franchises under 50K:
- CartCapital
- Coast Supply Co.
- Roof Right Now
- Nailos
- Erik’s DeliCafe
- Kwik Dry
- Visiting Angels Living Assistance Services (which offers among the lowest royalty fees for franchise businesses at around 3%)
Another source you can check out is Connecteam, which lists even more of the best franchises to own under $100K or less.
- Advisory Capital Brokerage
- Eazy-Apps
- SocialOwl
- Farmer’s Insurance
- MobileStamp
Use these sources to find the right fit for you. Additionally, keep an eye on the highest total investment franchise opportunity. Steer clear of industries that are cost-prohibitive.
For example, the highest total investment franchise business tends to fall under the hotel and motel industry. That’s according to Franchise Help. Some casual restaurants like TGI Fridays and Denny’s are also among the more expensive opportunities.
What’s Not Included in $10,000 Franchise Opportunities
Franchises with low net worth requirements, like those under $10,000, have limitations. They often do not include:
- Working capital
- Equipment and supplies
- Marketing
- Operational support
- Technology
- Training
Be sure you know what you actually get for your money.
Low-Cost Franchise Red Flags
Avoid franchises with these red flags:
- High turnover rates
- Minimal training or support
- Fees only give you licensing rights
- Territory overlaps
- Forced to use their technology, which is glitchy
- Lack of financial transparency
- Unusually restrictive agreements
Exploring the Top Existing Franchises for Sale
So, what are the best businesses available for franchise?
Fast Food Franchises
Many fast food franchises offer a great chance to earn revenue with a steady stream of customers and a fast-paced environment.
The following are some of the best fast food business franchises for sale:
Inspire Brands
Inspire offers great brand recognition, ample support, innovative opportunities, and buying power and scale.
- Estimated Initial Investment: $90,000 (e.g. Baskin Robbins) to $3,543,000 (SONIC)
- Franchise Fee: $12,500 (Arby’s) to $90,000 (Dunkin’)
- Royalty Fee: 4% to 6% of gross sales
- Minimum Financial Requirements: A minimum net worth of $200,000 and liquid capital of $100,000
- Support: Operational best practices, training programs, a dedicated consultant, construction guidance, technology, and collective buying for marketing.
- Marketing Difficulty: High; fast food faces substantial competition in any market.
- Ideal markets: Anywhere
- Best for: Those with high net worth; suitable for first-time and experienced franchisees
Church’s Texas Chicken
Church’s is yet another excellent fast food franchising opportunity, with more than 1,500 locations across the globe, comprehensive support, and the chance to own multiple locations.
- Estimated Initial Investment: $648,866 to $1,896,300 based on footprint and location
- Franchise Fee: $20,000
- Royalty Fee: 5% of monthly gross fees
- Minimum Financial Requirements: $500,000 net worth plus $250,000 in liquid assets
- Support: National media marketing, technology, site selection, training, and operations manual.
- Marketing Difficulty: High; fast food faces substantial competition in any market.
- Ideal markets: Anywhere
- Best for: High net worth individuals; suitable for first-timers or experienced entrepreneurs
McDonald’s
As one of the best franchises to own, it is mainly because of its status as one of the top-grossing franchises. McDonald’s offers its franchisees a highly profitable opportunity at one of its many locations as it continues to expand across the U.S.
- Estimated Initial Investment: $1,469,000 to $2,503,000, making it among the highest total investment franchise opportunities
- Franchise Fee: $45,000
- Royalty Fee: 4% of gross sales, among the lowest royalty fees for franchise businesses, especially given its profitability
- Minimum Financial Requirements: $750,000 in liquid assets for down payment plus $100,000 of working capital
- Support: Marketing, training, operational, and more
- Marketing Difficulty: High; fast food faces substantial competition in any market.
- Ideal markets: Anywhere
- Best for: High net worth individuals with a proven record of business success
Subway
Another of the best franchises to own for beginners is Subway, which has 20,482 sandwich stores across the U.S.
To become a franchisee with Subway, you’ll need to meet the following requirements:
- Estimated Initial Investment:$199,135 – $536,745
- Franchise Fee: $15,000
- Royalty Fee: 8% of gross sales
- Minimum Financial Requirements: A net worth of $150,000 plus $100,000 in liquid assets per location
- Support: Training via the University of Subway®, Independent Purchasing Co-Op (IPC)
- Marketing Difficulty: High; fast food faces substantial competition in any market.
- Ideal markets: Anywhere
- Best for: Prefer those with restaurant, business, or franchising experience
KFC
KFC offers a great chance to excel with franchising via one of the top-grossing franchises, with over 24,000 locations all over the world, comprehensive training and support, and a continually innovating menu that keeps customers coming back.
- Estimated Initial Investment: Starting from $1,442,550
- Franchise Fee: Up to $45,000
- Royalty Fee: 5% of gross sales
- Minimum Financial Requirements: A total net worth of $1,500,000 and $750,000 in liquid assets
- Support: Marketing, 10-week training process, mentoring program
- Marketing Difficulty: High; fast food faces substantial competition in any market.
- Ideal markets: Anywhere
- Best for: Those with a proven track record in a multi-unit restaurant or hospitality business
Convenience Store Franchises
Another type of franchise business for sale is a convenience store, which offers consistent customer demand. In many cases, there’s also an efficient and reliable supply chain to keep things running.
Check out these convenience store franchises for sale to see if these options are right for you:
7-Eleven
One of the most recognized convenience stores and one of the top-grossing franchises, 7-Eleven can bring a lot to the table for franchisees, with an international presence, ample support, a flexible business model, and millions of customers.
Financial requirements for this franchise include:
- Estimated Initial Investment: $142,000 to $1,400,000
- Franchise Fee: $10,000 to $1,000,000
- Royalty Fee: 50% of gross profit
- Minimum Financial Requirements: $100,000 in liquid assets
- Support: Financing, site selection, store development, equipment, marketing
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Anywhere
- Best for: Those with multi-unit management experience, preferably in convenience, retail, or foodservice
Circle K
Another one of the best business franchises for sale in this industry is Circle K. One unique benefit of Circle K is versatility, as you can choose from different store formats and locations based on which would be the right fit for you.
Financials include:
- Estimated Initial Investment: $268,500 to $3,029,500
- Franchise Fee: $25,000
- Royalty Fee: 3.5% of gross sales
- Minimum Financial Requirements: $100,000 in liquid assets on top of a $1,000,000 minimum net worth
- Support: Operations, marketing, training, technology
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Anywhere
- Best for: Those with a proven track record in a multi-unit restaurant or hospitality business
Hair Salon Franchises
There are several nationwide hair salon business franchises for sale, including:
Supercuts
Supercuts has a proven business model with a strong reputation and a highly varied customer base, from families to busy professionals.
- Estimated Initial Investment: $151,370 – $321,020
- Franchise Fee: $39,500
- Royalty Fee: 4% the first year, then 6% of gross sales
- Minimum Financial Requirements: $150,000 in liquid assets and a $500,000 net worth
- Support: Training, recruiting, marketing, dedicated teams for development
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any small to large city; best locations would be high-traffic areas close to residential areas
- Best for: Those with the financial minimums, good credit, and the ability to support their lifestyle while starting a business
Great Clips
Another popular hair salon brand is Great Clips, with more than 4,400 locations in North America. The company has a proven business model developed over 40 years of experience, and a strong community presence.
- Estimated Initial Investment: $183,000 to $394,000
- Franchise Fee: $20,000 to $35,000
- Royalty Fee: 6% of gross sales
- Minimum Financial Requirements: $100,000 in liquid assets and $500,000 to $1 million in net worth
- Support: Training, marketing, site selection
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any small to large city; best locations would be high-traffic areas close to residential areas
- Best for: Those with the financial minimums and good credit; new franchisees must live in an open geographic market
Sport Clips
Sport Clips is one of the top men’s hair salon brands, with strong brand recognition, innovative technologies, and flexibility to appeal to its franchisees.
Here is the financial data for this brand:
- Estimated Initial Investment: $288,500 to $475,000
- Franchise Fee: $30,000 to $69,500
- Royalty Fee: 6% of gross sales
- Minimum Financial Requirements: $400,000 net worth and $200,000 in liquid assets
- Support: Training, hiring, technology, marketing, site selection
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any small to large city; best locations would be high-traffic areas close to residential areas
- Best for: Those who will work in the business (no absentee owners), live within 90 miles of the location, meet financial minimums, and have leadership experience
Educational Franchises
In giving children the opportunity to learn, you can also find an educational business or franchise for sale that provides the perfect opportunity.
Here are a couple of franchise businesses for sale in this lucrative industry
Kumon
Another established brand, Kumon, offers personalized learning experiences that appeal to students and parents alike. Franchisees benefit from generous incentives, extensive support, and a low cost of entry.
Here are the financials:
- Estimated Initial Investment: $73.123 to $165,360
- Franchise Fee: $2,000 ($1,000 is for training) plus $1,000 for materials
- Royalty Fee: 10% to 15% of gross revenue
- Minimum Financial Requirements: $150,000 net worth and $70,000 in liquid assets
- Support: Reimbursements and incentives, training, marketing, and operational
- Marketing Difficulty: Medium; the biggest competitors may be online versus physical locations
- Ideal markets: Any small to large city; best locations would be high-traffic areas close to residential areas and schools
- Best for: An educational background is not a requirement, but a plus; passion for working with children, a bachelor’s degree, proficiency in math and reading, and a business background
Sylvan Learning
Sylvan Learning has over 45 years of experience helping students learn, with multiple revenue streams, community impact, and high earning potential.
- Estimated Initial Investment: $107,922 to $239,012
- Franchise Fee: $36,900
- Royalty Fee: 11% of monthly gross revenue, subject to quarterly minimum
- Minimum Financial Requirements: $75,000 in liquid assets plus a $150,000 net worth
- Support: Training, technology, marketing
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any small to large city; best locations would be high-traffic areas close to residential areas
- Best for: Educators or entrepreneurs with a passion for education, business ownership experience
Cleaning Service Franchises
Cleaning services also offer multiple opportunities, from maid services to carpet cleaning.
Take a look at this list of franchises for sale in this industry:
The Maids
A trusted brand, The Maids provides supportive franchising with four decades of industry experience as a leading cleaning service provider.
Financials include:
- Estimated Initial Investment: $150,000
- Franchise Fee: $12,500
- Royalty Fee: 3.9% to 6.9% of gross sales
- Minimum Financial Requirements: $250,000 net worth and $50,000 in liquid assets
- Support: Technology, partnerships, start-up strategy, employee recruitment and retention, marketing, and coaching from industry veterans
- Marketing Difficulty: High, as this is a very competitive market with other franchises and independent businesses
- Ideal markets: Anywhere (no physical location required)
- Best for: Business ownership experience, entrepreneurs
Maid My Home
Manage your business entirely online with Maid My Home, a low-cost franchise for sale with many perks.
You can expect these financial requirements:
- Estimated Initial Investment: $64,100 to $154,300
- Franchise Fee: $12,500
- Royalty Fee: 3.9% to 6.9% of gross sales
- Minimum Financial Requirements: $250,000 net worth and $50,000 in liquid assets
- Support: Technology, training, ongoing help
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Anywhere (no physical location required)
- Best for: Marketing-minded, growth-oriented, detail-driven, people-focused attributes
Kwik Dry Carpet & Air Duct Cleaning
Get a one-page dealership agreement for a simpler acquisition process, exclusive territory ownership, and no royalty fees with this brand.
Financials include the following:
- Estimated Initial Investment: $42,000 to $77,000
- Franchise Fee: $30,000
- Royalty Fee: A flat monthly rate in lieu of royalty fees
- Minimum Financial Requirements: Unclear but with generally low start-up costs
- Support: Equipment, training, clean solution, website, and consulting
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Anywhere (no physical location required)
- Best for: New franchisees and entrepreneurs
Travel Agency Franchises
Looking for the best franchises to own in the travel industry? Check out the following popular franchises for sale:
Cruise Planners
Cruise Planners is one of the best franchises to own for beginners, offering remote management opportunities, pre-launch training, industry recognition, and plenty of other benefits.
You’ll need to meet the following needs to qualify:
- Estimated Initial Investment: $1,945 to $20,505
- Franchise Fee: $695 to $10,995 (depends on experience level)
- Royalty Fee: 3% to 0%
- Monthly Fee: $70
- Minimum Financial Requirements: No specific minimums, but with low start-up costs
- Support: Training, marketing and lead generation, professional coaching, and technology
- Marketing Difficulty: High, considerable competition in the travel industry, including other agencies and self-service
- Ideal markets: Anywhere (no physical location required)
- Best for: Those with industry experience pay a lower fee, but beginners are welcome as well
Dream Vacations
Work from anywhere with an internet connection and get plenty of support with this opportunity.
Financial needs include:
- Estimated Initial Investment: $7,950
- Franchise Fee: $10,500
- Royalty Fee: 1.5% to 3% of gross commissionable fares
- Minimum Financial Requirements: No clear minimums but with reduced start-up expenses
- Support: Marketing, technology, and training
- Marketing Difficulty: High; very competitive industry
- Ideal markets: Anywhere (no physical location required)
- Best for: New franchisees and entrepreneurs
Expedia Cruises
For a low-cost franchise for sale, you might consider Expedia Cruises, which is backed by Expedia’s reputation and diverse revenue streams using an omnichannel retail model to engage more customers.
Financial details include:
- Estimated Initial Investment: $145,500 – $258,745
- Franchise Fee: $49,000
- Royalty Fee: 9% of gross revenue
- Minimum Financial Requirements: $750,000 net worth and $250,000 in liquid capital
- Support: Training, coaching, marketing, and technology
- Marketing Difficulty: High; very competitive industry
- Ideal markets: Anywhere (no physical location required)
- Best for: Those with sales, marketing, or customer service experience
Home Services Franchises
People also need home services, leading to many potential franchise opportunities in this space, such as:
Authority Brands
Take advantage of a diverse and reputable brand portfolio with Authority Brands, with the unique ability to get some effective marketing assistance to help promote your franchise.
Financials include:
- Estimated Initial Investment: $64,100 to $154,300
- Franchise Fee: $12,500
- Royalty Fee: 3.9% to 6.9% of gross sales
- Minimum Financial Requirements: $250,000 net worth and $50,000 in liquid assets
- Support: Programs for rebates, technology, training, and marketing
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any city; site location would be best in high-traffic retail areas
- Best for: Experienced and new franchisees
Bill Howe
Known for providing reliable air conditioning, heating, and plumbing services, many people trust this franchise that continues to spread.
Here are the financials for Bill Howe:
Estimated Initial Investment: N/A
Franchise Fee: N/A
Royalty Fee: N/A
Minimum Financial Requirements: N/A
Credit Reporting Franchises
There are also certain opportunities in the credit reporting industry, including the following:
Experian
Experian is globally recognized and offers plenty of revenue sources via data analytics, credit reporting, and decision-making solutions.
Here are the financial needs for franchisees:
Estimated Initial Investment: N/A
Franchise Fee: N/A
Royalty Fee: N/A
Minimum Financial Requirements: N/A
Business Data and Insights Franchises
This industry also has franchises for sale if you would like to get into business data collection, such as:
Dun & Bradstreet
Consider this opportunity if you’re looking for a franchise in this industry.
Financial needs include:
Estimated Initial Investment: N/A
Franchise Fee: N/A
Royalty Fee: N/A
Minimum Financial Requirements: N/A
Automotive Franchises
If you want to become a part of the automotive industry with your very own business, check out these franchise businesses for sale:
Driven Brands
From Meineke and Take 5 Oil Change to Maaco, many reputable brands fall under the Driven umbrella, giving you plenty of opportunities as a franchisee.
Here are the financials for Driven Brands franchises:
- Estimated Initial Investment: $75,000 to $1,617,000
- Franchise Fee: $35,000 to $45,000
- Royalty Fee: 5% to 9% of gross revenue
- Minimum Financial Requirements: $60,000 in liquid capital along with a $125,000 net worth
- Support: Training, operations, site selection for some brands, and buying power
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any city; site location would be best in high-traffic areas
- Best for: Leadership and operations experience
Midas
Recognizable all over the U.S. as a leading auto repair company, Midas is a particularly appealing franchising opportunity in the automotive industry.
- Estimated Initial Investment: $209,000 to $885,000
- Franchise Fee: $10,000 to $35,000
- Royalty Fee: 2% to 10% of net revenue
- Minimum Financial Requirements: $250,000 net worth and a liquid capital of $50,000
- Support: Marketing, purchasing power, training, and website
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any city; site location would be best in high-traffic areas
- Best for: First-time or veteran franchisees with business and leadership experience
Grease Monkey
This company’s independence from oil companies sets it apart in its ability to negotiate with multiple suppliers, with high-quality service standards and great margins for franchisees.
The following are the financial requirements for Grease Monkey:
- Estimated Initial Investment: $291,320 to $917,050
- Franchise Fee: $10,000 to $39,900
- Royalty Fee: 6% of gross revenue
- Minimum Financial Requirements: $600,000 net worth and $400,000 cash investment
- Support: Site selection, development, opening, marketing, training, and operations
- Marketing Difficulty: Medium to high, depending on competition
- Ideal markets: Any city; site location would be best in high-traffic areas
- Best for: Experienced and new franchisees
FAQs
1. How do I choose the right franchise?
To choose the right franchise, you want to define your goals, skills, and investment. Then, research brands where there is high demand and that are a good fit for your goals, skills, and investment. Always talk to current franchisees about their experiences to understand what it will be like to run such a business.
2. What are the costs involved in buying a franchise?
When searching for the best franchises for sale, there are some costs to consider based on your allotted budget:
- Initial investment, which varies based on industry, location, and the type of business, along with franchisor requirements
- Franchise fees that give franchisees the right to operate under franchisor brands
- Royalty fees that pay a percentage of the revenue you make, with the lowest royalty fee for franchises being around 1.5% to 4% of gross sales
- Other ongoing fees, including operational costs
3. Can I finance a franchise purchase?
Yes, you can finance a business or franchise for sale in a number of ways, such as:
- Small Business Administration (SBA) loans
- Bank loans
- Franchisor financing
- Home equity lines of credit (HELOC)
- Personal loans
- Alternative lenders
- Retirement account rollovers
4. What legal documents do I need for franchising?
Legal documents you’ll need when starting a franchise include:
- Franchise Disclosure Document (FDD)
- Franchise Agreement
- Financial statements (often as part of the FDD)
- Franchise registration applications and notices, depending on the state
5. What should I look for during franchise due diligence?
When performing franchise due diligence, you want to watch for red flags. First, thoroughly vet the FDD. Talk with current franchisees and ask questions about support and challenges. You should also verify market demand and competition, as well as be fully aware of all the costs of starting your business.
6. How long does it take to buy and launch a franchise?
Buying and launching franchises usually takes between six and 12 months. If it doesn’t require a physical location, the period could be shorter.
Get Started on a Successful Franchising Opportunity With Ignite Visibility
Knowing more about the many franchises for sale and how to choose one can put you on the right path to ownership. Equally important is marketing your franchise before and after opening the location.
From franchise email marketing solutions to comprehensive franchise social media campaigns, Ignite Visibility has the resources and know-how to get your business off the ground the right way.
At Ignite Visibility, you can count on us to:
- Put together a comprehensive franchise marketing campaign that works for you
- Monitor competitors to see how their performance can influence your campaign
- Track campaigns with in-depth data and insights measured against your goals
- Continually optimize your strategy for increasingly great performance
- And more!
Does that sound good to you? If so, don’t hesitate to reach out to us and discuss your franchise marketing needs.
