If you want to invest in a franchise, you are probably thinking about how much to budget. You might even be preparing to spend a lot of money to get your new business up and running.
However, did you know that investing in franchises under 100k is a better idea? If you save money now, you can use the rest of your budget to further grow your franchise, or put the money towards more useful items.
Here is why you should consider investing in franchises under 100k.
You Can Earn More in Profits
Many lucrative franchises are low-cost to start up. Many franchisors choose to go this route because the business concepts are already proven and they can receive training and support from the company.
Many restaurants fall into this category. If you find the right one, you will not have to worry about emptying your savings on getting started. There are plenty of affordable restaurant franchise opportunities out there.
Proven franchise concepts will earn you more in profits over time. Plus, low-cost franchises can quickly earn back their initial costs and give you a high return. One restaurant franchise opportunity you should look into is Zac’s Burgers.
This is a great opportunity to make money all while being your own boss- with an initial investment that is way under 100k! Low-cost restaurant franchises earn you a lot more money than other types of businesses over time and Zac’s is looking to expand.
This is a great option for you if you are looking to make a large profit.
You Spend Less Initially
This one is obvious, but still needs to be said. Why would you spend over 100k to start a franchise if you could start one for under 15k? Think of how much money you would be saving or what you could do with the rest of that 100k.
You do not want to start your business out in debt because then you will be spending most of your time working to pay it off. It could take years to make a profit if that is the case. Without any debt, you can work on improving your franchise much faster as well.
There is Less Risk Involved
If a franchise requires less to start up, that does not mean that it is inferior to the more expensive options. Franchises under 100k often come with training, proven business plans- any support you would expect from buying a franchise.
Plus, you are also minimizing any risks when you go with a low-cost franchise. Any time you buy a franchise business, you should acknowledge you are taking a risk. If you go with a franchise under 100k, then there is a lot of money for you to lose- and only room for growth and profits.
Many are Recession-Proof
Many lower cost franchises are also recession-proof. This is especially true with franchise fast-food restaurants. Their products are always in demand, so you can expect them to survive efficiently during a recession.
Most franchise restaurants are recession-proof, which removes another risk involved with investing in a franchise. Considering recent events and the state of the country, buying a franchise that has not been shown to withstand poor economies would be a disaster for you.
Franchise restaurants have systems in place to help with recession survivability. You can be sure that if you decide to go with Zac’s that you are always going to have steady work in an unstable economy.
You Get More Flexibility
While you will still be expected to follow the guidelines and business models set up by your franchise company, you might notice that you get some more flexibility.
Many franchises under 100k have options for you to work from home or while traveling- both good options, and at least one is probably appealing to you.
Of course, you will probably be expected to be present frequently during the opening process, but after that, you will discover that you have much more freedom.
What Low-Cost Franchises are Popular?
There are plenty of franchises available to suit your specific interests, even with going for a franchise under 100k. Franchise restaurants, fast food franchises, travel businesses, cleaning services, and real estate are all cheaper, popular options.
The most popular, of course, are any franchises involving providing customers with food. These have always been the most popular and have been shown to have the strongest business models for franchisees to follow.
If you are considering investing in a franchise you will want to go with one that has been proven to stand the test of time, and not one that will quickly fall out of fashion. Food services are always a great choice, simply because, people enjoy eating good food.
So, what not look into starting a Zac’s Burgers franchise? We have a solid business model for you to follow, plus plenty of other options- such as running a food truck– to suit your needs. Our restaurant franchise opportunities are affordable, comprehensive, and have no hidden costs.
You can see why investing in a franchise under 100k is better than the alternative. By doing this, you will not start with any debt that could take years to free yourself from. You will have the opportunity to earn more in profits, have a recession-proof business, and have more flexibility.
These are all great reasons why you should choose a low-cost franchise to invest in. If that is not enough to convince you, just think about the money you will be saving and how those extra funds could be used to better your business.
In conclusion, it is better to buy a franchise under 100k. If you are looking for a company that can provide you with a quality business plan, check out Zac’s Burgers. We are offering many great restaurant franchising opportunities- giving you the chance to be your own boss!
You would not want to miss out on working with us! Check out our website today.