Low Cost Franchises You Can Start for $5000 or Less

22 Dec, 2016 / Comments: Comments Off on Low Cost Franchises You Can Start for $5000 or Less / By

Starting a business does not have to be expensive. Today you can purchase many franchises for under $5,000. The benefits of purchasing a business already in existence are numerous. You receive a successful business model with a plan that works, enabling you to make the most out of your investment. There are hundreds of opportunities out there, but here are a few businesses you can start today.

 

Jazzercise

Jazzercise is the popular exercise program that started in 1977. Judi Sheppard Missett started teaching her own classes, but quickly began training other instructors as popularity increased. After just six years, she turned it into a franchise. Franchisees can purchase a certified instructor franchise for around $3,000. You don’t own a building, but you are free to teach the classes at any facility. The upfront cost is $1,250; annual associate fee is $100; insurance costs you around $200 per year; and official music downloads cost another $200 per year. It is then up to you to find facilities willing to add your Jazzercise class to their offerings.

 

ProForma

If you are an expert at business forms and marketing material, ProForma offers a great opportunity to own your own business. With an initial investment of $5,000, you gain access to the ProForma network of wholesale printers and vendors. As you help businesses choose the right material for their business, you then contract the work out the preferred vendors. ProForma helps you create a successful business plan; assists with leads; and provides proven marketing tactics to help your business succeed.

 

Mint Condition

Commercial cleaning is a profitable business and you can be a part of it for just $1,000 down. Mint Condition offers in-depth training opportunities as well as access to the industry’s leading equipment and cleaning chemicals to help your business succeed. Mint Condition franchises offer the opportunity to own your own commercial cleaning business while keeping the level of support you need to remain successful. They even offer services to help you find accounts as well as replace lost accounts when it is not a result of your own wrongdoing.

 

Baby Boot Camp

Baby Boot Camp combines a mom’s need to exercise with her need to care for her baby. The Boot Camp includes the baby while giving mom a chance to work out. It costs just $4,000 to start up your own franchise of this company. With this fee, you receive a 12-week training course, business coaching, marketing support, a website created for you, and payment processing software. There is a $20 monthly technology fee, but this fee does not start until your 3-month training period is complete. Certified instructors can then hold their own Baby Boot Camp classes anywhere they choose. There is no overhead because you hold the classes outdoors, making it an affordable franchise for moms trying to find balance.

 

Starting a franchise for under $5,000 is possible. Start by considering your talents and desires. What do you love to do? What would you work hard at? These are important questions to ponder because owning your own business does take hard work. While the franchise owner does the majority of the backend work for you, there is still tough work that lies ahead. You have to put in the time to market your business and operate it while trying to find balance in life. Due to the fact these franchises cost less than $5,000 to start up, many people start them as a side business until they get up and running. This way they can make a mainstream income while exploring the opportunity to own their own business.

 

William Mahnic
William Mahnic is a Finance Professor at Case Western University and has spent more than 20 years in the finance industry before becoming a professor. Mahnic has appeared as a commentator on both TV and radio talk shows including NPR, Crain's Cleveland Business, WKYC 3 and The Washington Post. He has been interviewed in BusinessWeek, Wall Street Journal and The Los Angeles Times.

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