Have you been thinking of owning a business that will surely generate you income and a maximum return of investment? Why not consider these affordable franchises in the US?
In the U.S., it is reported that 4% of businesses are composed of franchises. A franchise is a business model where a franchisor sells its license to a franchisee, whereby the former allows the latter to sell its products or services under the franchisor’s established brand name. The franchisee pays for a royalty fee and initial fee. The franchisor, on the other hand, works on establishing and maintaining the business’s name and reputation.
Franchise Direct reports the following list to be the top franchises in the US alone:
- KFC
- 7/11
- McDonald’s
- Marriott
- Burger King
- Pizza Hut
- Taco Bell
- Ace Hardware Corporation
- Domino’s
- Century21
These brands are undoubtedly costly, if not popular, businesses to own. An initial investment estimate for KFC costs a maximum of US$1,176,500. A franchise owner will usually earn up to $125,000 annually.
I know that this is a hefty and risky investment to try on but you might want to consider these affordable franchises this 2022:
Image One
Industry: commercial cleaning service
Initial Investment Estimate: $15,000
Average Annual Sales: around $200,000
This is one of the most affordable franchises to own today. Franchisees of Image One will get access to trainings on the best cleaning methods, cleaning supplies and facilities, paperwork, marketing, billing and money collection.
Cruise Planners
Industry: Travel Planning service
Initial Investment Estimate: $10,995
Average Annual Sales: $273,978
With over 2,500 franchises in the U.S. this year, Cruise Planners sell vacation packages including international travels, cruises, car rentals, and trip insurance. If you have a passion for travelling and finding the best vacation deals, this affordable franchise is the most suited for you!
Jazzercise
Industry: Fitness
Initial Investment Estimate: $38,000
Average Annual Sales: The franchise made $2 billion in sales collectively in 2019
The pandemic has taught people to take care of their body, thus, the fitness and gym industry has become a trending niche since then. Take advantage of the fact that people are looking for affordable fitness facilities and own this one of the most affordable franchises in the fitness industry now.
Help-U-Sell Real Estate
Industry: Real estate
Initial Investment Estimate: $15,000
Average Annual Sales: Did not disclose
This is in the list of our most affordable franchises to own for this brand is also one of the most well-known real estate companies in the world. It helps home and property owners sell their assets to willing buyers.
Lil’ Kickers
Industry: Soccer classes for kids
Initial Investment Estimate: $35,000
Average Annual Sales: Did not disclose
This is one of those affordable franchises that will bring fun to your workdays. Lil’ Kickers offer soccer programs to the kids so if you find joy in playing with the youngsters, you’ll definitely enjoy learning the ropes of this business.
Final Thoughts
Owning at least one of the affordable franchises is one of the surefire ways to secure your financial future. These are less risky than the most popular ones if you want a faster return of investment. In choosing which business will work for you, think of where your passion lies, too, or what industry you are interested in. After all, this will also become a hobby when you reach your retirement age so choose and invest wisely!
