BAG A BUSINESS FOR LESS THAN $100K!

Grab a brilliant opportunity to invest in your own future and spend within your budget. Check out these cost-conscious franchise brands.

Cost-conscious franchise brands that are within your budget.

You’ve got savings and want to commit to a solid business model, but you don’t have a six-figure spend in mind. Well, you’ve come to the right place because we are shining a spotlight on those fantastic franchises which won’t break the bank.

The brands showcased here all have an upfront investment of under $100,000. Of course, there will be other costs to include as the business develops, and one crucial aspect of starting up a successful franchise operation is access to sufficient working capital.

In some cases the $100,000 total doesn’t include the working capital suggested by the franchisor as essential to effectively run the business.

When you review the details of each brand featured here it’s very important to remember additional costs involved in setting up the business, and to take account of the working capital demands.

Shortcuts – whether financial, or in legal or accounting advice – really don’t pay off in the long term.

Inside Franchise Business encourages all prospective franchise buyers to invest in independent legal and financial advice, and to take advantage of every opportunity given by the regulatory guide, the Franchising Code of Conduct, to investigate the franchise by contacting franchisees past and present.

THE CHOICE IS ALL YOURS

If you’ve been researching franchising for a while, you’ll probably have a fair idea of the types of businesses available, and what might suit your needs. Certainly there is a plethora of choice at every price level of Australian franchise opportunities.

Cost does of course place some restrictions on choice – for instance, food and beverage businesses are rare commodities at less than

$100,000 investment.

However, the increasing diversity among franchise brands is well reflected at the $50,000 to $100,000 price bracket. Think business services, home services, leisure events, construction and renovations, tutoring, telecoms, fitness, transport and logistics … even beverages.

And while the investment level might be one zero or two short of some of the high-flying, high-profile franchise operations there are opportunities to work hard and recoup a respectable return on investment (ROI) with affordable franchises.

TAKE TIME AND GET IT RIGHT

Commonly, franchisors are looking for franchise buyers who have a high level of commitment, who are ambitious, who can follow the rules and who will engage positively with the franchise network.

They often recruit for attitude not aptitude, so changing careers is easy if you’ve got the right mindset.

Of course, it’s crucial to get the best training both before you start your business, and as you progress.

You need to understand the ways in which franchisors will support you, and what will be the ongoing costs of this support (ongoing franchise fees, marketing fees).

Above all you will need to do serious number crunching to ensure that what’s on offer is financially viable.

An investment into business at any level is both a serious commitment and a fantastic opportunity to develop an exciting new career as a business owner, so it’s worth taking the time to review the options and get it right.

Over the next few pages Inside Franchise Business reveals some of the franchise basics that you’ll need to know before finding the perfect business for your needs.