6 Low-Cost Franchises with Great Growth Potential

Thinking of starting your own business?

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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.

Gillian B. White
Reporter, The Kiplinger Letter