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6 Low-Cost Franchises with Great Growth Potential


Thinking of starting your own business? Opening a franchise of an established and successful service business can be a good way to navigate the many challenges of entrepreneurship. Franchisors typically help new franchisees learn their business, set up their stores, acquire supplies and more. Here are six low-cost service franchises that franchise experts contacted by Kiplinger think will see growing demand in the years ahead.

Each has a franchise fee around or under the industry average ($30,000 or so, according to the International Franchise Association). Net worth requirements run from as low as $35,000 to upwards of $300,000 (the average investment in a new franchise is between $50,000 and $100,000). The five-year growth rates cited are based on the number of franchises each franchisor had in operation at the end of 2013, compared with five years earlier.

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