What are the cheapest franchises to buy?
The cheapest franchises to buy into can often be the best if a person is looking for low cost ones under £500 then they may have been considering ‘what is the cheapest to start’ in order not to get out of the rat race sooner and just get started instead of procrastinating.
If the search criteria is cheap entry levels or cheap start ups, then it could save a lot of stress and upset later if the person has not bitten off more than they can chew, yet still has the drive and passion to find inexpensive niches that make money and take the next step.
There are certainly inexpensive business opportunities available and it is possible to buy one for cheap or low minimum investment level entry fee. The key when searching for low cost business opportunities is finding profitable types.
There are indeed statistics to show that a franchise business, whether it is under £1000 or those that cost £50,000 to £75,000, has a higher rate of success of staying in business than a stand-alone independent start up business.
Even to buy low cost ones, there is a high standard of expectations from both the franchisor and the franchisee.
The best inexpensive types are available to those with a passion and drive to succeed in their own business. The company owner is looking for business minded individuals who can show they are driven and committed and this is how cheap successful niches have stood the test of time.
A franchise business is about being in business for yourself not by yourself and this team spirit and camaraderie drives the recruit on to building the success stories. In 2020 according to the NatWest Survey, 97 per cent of recruits reported profitability.
So these top cheap options, even if they are under $500, and the best and cheapest are all having the same rate of success and profitability for return on investment.
Where to find a cheap franchise?
Take the next step and look at the best to start, whether you buy a cheap one or look for reasonable opportunities within your budget and in your price bracket.
You can easily find one to open in your desired industry. Whether it suits your skillsets or your passion, take a leap into the unknown and research all the best inexpensive opportunities available.
Take a look at cheap start up franchises not necessarily only the best and cheapest versions in the industry you know and are comfortable with, because with a tried and tested business model to replicate and training and ongoing support from the owner you may just find yourself doing something completely new.
If you would like some help with your search then why not use the free service and expert advice provided by Approved Franchises. Save some time and money by entering your details on the form above.
It will take less than a minute and you can compare opportunities based here in the UK who offer a proven business model that can be replicated and franchisees achieving the projected level of income. Receive tailored obligation free quotes from us and you may find the business that suits all your requirements.