Have you always dreamed about being your own boss, but thought you had to be Kardashian-rich to do so? While some types of franchises can cost you millions in investment, there are still good quality franchises you can buy for under 100K. Remember that low cost doesn’t have to mean cheap. Even with franchises that require less investment from you, you can make all your dreams come true.
Here are 5 reasons why investing in franchises under 100K is best.
1. Puts Your Dream In Better Reach
Of course, the number one reason why you should invest under 100K is that it is more affordable. If you are a new entrepreneur who is not already raking in the millions, then a franchise that requires less than 100K for the total investment is going to be more achievable for you.
2. More Capital to Grow With
It really all comes down to the math of it all. If you have the capital for a more expensive franchise investment, but choose one that is low cost, you will have all that extra money to either better protect your investment or use it to grow your franchise business after you are established and thriving.
3. Low Cost Doesn’t Have to Mean Less Value
Expensive doesn’t always mean high quality and vice versa. With the right research, you can find a high quality but low cost franchise business that you will love being a part of. Just make sure that the franchisor won’t be skimping out on offering you the proper resources to run your new business and that they have a strong brand name and plenty of customer demand.
4. Lots of Variety in this Price Range
Besides plenty of value in this price range, there is also plenty of diversity in the types of franchise businesses available. From cleaning services to franchise restaurants, you will be able to find the one that meets your exact specifications. Be sure to pick a franchisor who offers products and services that you are passionate about. Shared values and missions are also very important, especially when it comes to restaurant franchise opportunities.
5. A Less Risky Investment
If you get anxious about sinking so much money into a new investment, then choosing a low cost franchise is a great option. Unfortunately, the reality is that not every new franchise unit is going to be successful so you need to make sure that you have enough money and resources to rise out of the ashes to find success with another venture instead.
Fast Food Franchises Under 100K
With the cost of location and all the equipment, ingredients and other supplies and not to mention furniture you need to run a restaurant, restaurant franchises can be expensive to run, but there are some popular and successful fast food franchises that have been able to streamline costs for you so your total investment is under 100K.
At Zac’s Burgers, we pride ourselves on being a family-oriented business that really cares about all its employees, franchisees and customers. We want to be accessible so we keep our franchisee costs reasonable and offer different affordable options like a food truck as well as a brick and mortar business.
Know Investment Basics
Here are some terms to help you better understand all the different parts of your investment in a franchise:
- Franchise Fee – This is what you hear the most about. It is a one-time fee to the franchisor which gives you permission to sell their products and services.
- Initial Investment – When a franchisor refers to your initial investment, this is all the money you need to get your business up and running. This includes the franchise fee as well as cost of location, furniture, products, employees etc.
- Ongoing Investment – This is the money you need to put into your business for the day to day running of it.
Some franchisors may require you to have a certain net worth or have a certain amount of money that can easily be liquidified.
Why Zac’s Burgers?
For the last 33 years, Zac’s Burgers has prided itself on delicious made-to-order meals and friendly service at a reasonable price. All our food is made fresh with the highest quality ingredients and with unique twists like wacky zacky sauce. Your customers will love it. If you are already a fan of Zac’s, why not share the love?
What really makes our franchise program so special is that we offer a strong support structure for our franchisees, giving you all the training and resources you will need to run your own successful Zac’s franchise. We want our business to flourish so we take seriously the idea of growing new talent. We want you to succeed and will give you the tools to make it happen.
For more information about Zac’s Burgers and what makes it one of the top franchises under 100K, give us a call today.