In this post, we will be discussing low cost franchises under the 500 threshold. Such franchises are typically affordable or cheap by most standards, which means we’re focusing on opportunities that involve low franchise fees and initial investments.
In essence, you don’t need thousands to become a franchise owner. However, you should not expect high-end profit at the start.
Franchising as an industry has tremendous potential and hence attracts a lot of interest. Investors often seek out profitable franchise opportunities that also present cost-effective solutions. However, understand that the term ‘cheap’ is relative and can vary from one investor to another, thus necessitating a clear definition of what ‘cheap’ constitutes in this context.
Is Cheap Franchise Profitable?
Before we dive into the discussion, let’s address common misconceptions regarding inexpensive franchises. It’s vital to set your expectations realistically. That means you shouldn’t anticipate enormous revenues or a return on investment (ROI) ranging from $10,000 to $100,000 from an investment as low as $500 or less.
Such expectations are often unrealistic and might not be met in most situations. Any investment, including franchises, requires time to grow and yield significant returns. Therefore, do not expect a substantial profit from a $500 franchise investment overnight.
To better manage your expectations, thoroughly inquire about the franchise program before investing. The franchisor will likely provide you with an estimate of the expected ROI. Now, let’s proceed to our list of affordable franchises under $500.
Low Cost Franchises Under 500
There are numerous incredibly affordable franchise opportunities that could be profitable, all falling under the $500 mark. However, some are just better, more attractive, easy to get along (with helpful materials and tools provided), and overall more profitable. That said, below are the best low cost franchises under 500:
1. Family IQ
Family IQ offers a franchise that provides therapeutic services to help improve family relationships, utilizing cutting-edge family skill-building tools. The investment range for this opportunity fluctuates between $179 to $1,495. If this intriguing concept aligns with your interests, you might want to seize this opportunity.
Individual Unit Costs
- Initial Investment:
$179-$1,495 - Initial Fee:
$179-$1,495 - Royalty Fee:
0 - Advertising Fee:
0
2. Personal Touch
Invest in the profitable personalized gift marketplace with Personal Touch. To join this franchise, a liquid capital of about $249 is all you need. Further discounts are provided to veterans as a token of gratitude for their services to the nation.
Individual Unit Costs
- Initial Investment:
$249-$995 - Initial Fee:
N/A - Royalty Fee:
N/A - Advertising Fee:
N/A
3. Es Pasco
Es Pasco, an Indonesian coffee shop business established in 2010, offers robust support to its low cost franchises under 500, contributing to its ever-expanding franchise units.
This establishment is renowned for its delectable Indonesian cuisine, diverse menu options, and an extensive selection of café and non-café beverages, featuring more than 20 distinct flavors of iced coffee. In addition to its exceptional offerings, Es Pasco also offers franchising opportunities for those interested in joining its successful business model. With a total investment of $500, you can be part of this thriving franchise.
4. SocialOwl
SocialOwl presents a home-based investment opportunity in the digital marketing field, providing social media services and online reputation management for businesses. It offers a range of tools, services, and support for a smooth startup, with an investment of at least $149.
5. Ideal Directories
Ideal Directories offers an opportunity to start a local business directory and coupon website. With a total investment of $199, you can join its franchise program, which provides comprehensive marketing materials and training for a fast and efficient setup. They also provide sales scripts and flyers to help you launch your local business directory and coupon website within 24 hours. No technical experience is required.
6. Clean & Happy Windows
For those living in Seattle or the greater Puget Sound area, Clean & Happy Windows, a window-cleaning business established in 1999, offers a compelling franchise opportunity. Joining requires an investment of $500.
Individual Unit Costs
- Initial Investment:
$500-$2,000 - Initial Franchise Fee:
N/A - Royalty Fee:
7% - Advertising Fee:
N/A - Term of Agreement:
5 years
7. Wedding Directory Websites
With an initial investment of around $300, interested candidates can seize the investment opportunity offered by Wedding Directory Websites. You might want to delve deeper into what this opportunity entails.
8. Motiply
Another low cost franchises under 500 is Motiply. This is a business that excels in selling high-value mobile websites and apps to high-end clients like businesses and entrepreneurs and requires an investment of about $149 to join. The company equips you with the necessary tools and support to launch your operations.
After signing up, we’ll set up your Marketing Website and Control Panel on your domain. Customize your site, set pricing, and manage customers easily through the user-friendly Control Panel. Access the Learning Center for tutorials, marketing materials, support, mentorship, and webinars to boost your success.
9. OccasionOgraphy
OccassionOgraphy, a franchise specializing in mint books, personalized candy bars, and bottled water, can be yours for an investment of $495. As a franchisee, you can kick-start your operations with comprehensive support from the franchisor. OccassionOgraphy is a proven moneymaker, thanks to the creative products that sell themselves year-round.
Regarding flexibility, this franchise operates full or part-time from anywhere with low investment – just $299, often earned back with a few orders. It comes with fantastic support, a training manual, a dealer website, and marketing materials.
No franchise fees, royalties, or commissions. 30-day money-back guarantee.
10. Green Irene
Founded and franchised in 2007, Green Irene is a business consulting franchise. If you have a knack for financial consulting, this could be an attractive opportunity, requiring an investment of around $150. You can enroll with Green Irene for just $150 for the Home Power Package or $350 for the Business & Home Power Package.
11. Cleanout Foreclosures
Cleanout Foreclosures offers cleanout services for foreclosed properties and has been operational since 2000. You can join its franchise program with an investment of $349.
This is not a franchise, per see because you own and have full control over your own business.
There are no royalties or recurring fees to pay, neither to us nor any other corporations. This business will truly be yours. You can start it up without any hidden costs.
They also offer a comprehensive manual that covers everything you need to quickly and easily start your business. We provide all the necessary training and guidance in our package. Also offered is ongoing free support after your purchase to assist you whenever you need it.
12. Enzacta
With a $250 investment, you can join Enzacta’s franchise program. This work-from-home opportunity offers a simple, enjoyable way to earn a substantial income with this low cost franchises under 500. Comprehensive support and assistance are provided to ensure your success.
13. Jaime & Fishball
Launched in 2009, Jaime and Fishball is a Thailand-based restaurant franchise that requires an investment starting from $500. As a franchisee, you can take advantage of valuable operational advice and other forms of support provided by the company, which has over a thousand franchise outlets. It’s one of the best profitable business ideas for ladies.
Jaime & Fishball has the franchise total initial investment range of $500 to $1,000. Again, the investment needed is just $500 – $1,000 while the franchise fee is $220.
14. God’s Silver Money
For those with an interest in precious metals, God’s Silver Money could be an appealing franchise option. Remarkably, the investment required for ownership is only around $125 and up. Aligning with this coin collector to gradually amass your assets.
Frequently Asked Questions
Is it cheaper to buy a franchise?
It can be cheaper if you buy a low-cost franchise. However, while buying a franchise often provides cost advantages like established processes and support, expenses can vary greatly, so research all costs thoroughly.
How much does a small franchise make?
The profitability of a small franchise varies significantly based on factors such as the industry, location, overhead costs, and the franchise’s brand recognition. Generally, the Franchise Business Review reports that the average franchisee earns a profit of $66,000 annually, but this can range widely from less than $50,000 to over $250,000.
Final Thoughts on Low Cost Franchises Under 500
These are just common cheap franchises under $500 to consider. Each provides a fair and potentially profitable deal for interested franchise candidates. Just make sure to pick a franchise that is more suitable to your expertise. Of course, you want to be able to maximize profit.
Read also: FedEx Franchise: How to Start
