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2024’s Best Cheap Restaurant Franchises Opportunities – Invest Smartly & Easily
Written by: Parth Parth
Last Updated by
María Fernández Amato: March 1, 2023
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Starting a restaurant franchise can be a smart business move, providing you with the advantages of business ownership and the support of a proven business model. However, the initial investment required to get started can be significant, which can make it difficult for aspiring entrepreneurs who are working with limited funds. If you are looking for a cheap restaurant franchise to invest in, we’ve got you covered. In this article, we’ve compiled a list of the best cheap restaurant franchises for 2023.
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Investing in a restaurant franchise can offer several benefits, including an established brand, proven business practices, and ongoing support from the franchisor. By investing in a franchise, you can benefit from the expertise and knowledge of the franchisor, which can significantly reduce the risk of failure associated with starting a new business from scratch.
We have researched to find the most affordable restaurant franchises for 2023 that require a low initial investment. Our list provides the initial investment required and the number of units, so you can make an informed decision based on your budget and goals. Whether you are a first-time business owner or a seasoned franchisee, this article will provide you with valuable insights into the best cheap restaurant franchises for 2023.
So, if you’re ready to invest in a cheap restaurant franchise, keep reading to learn more about the opportunities available to you.
The Restaurant Franchising Industry in 2023
The Restaurant Franchising industry in the United States is a significant contributor to the country’s economy, providing jobs, generating revenue, and supporting small businesses. According to the International Franchise Association (IFA), the Restaurant industry is the largest sector of the U.S. franchise economy, representing approximately 37% of all franchise establishments in the country.
The industry has continued to grow over the years, with more than 200,000 restaurant franchise establishments operating in the United States, accounting for over $170 billion in sales annually. The industry employs millions of people, making it one of the largest employers in the country.
Restaurant franchising has become a popular business model for entrepreneurs, offering the advantages of established brand recognition, proven business practices, and ongoing support from the franchisor. By investing in a franchise, entrepreneurs can benefit from the franchisor’s experience and knowledge, which can reduce the risks and costs associated with starting a business from scratch. This has made restaurant franchising an attractive option for first-time business owners and seasoned franchisees alike.
The Restaurant Franchising industry encompasses a range of concepts and cuisines, from fast-food chains to casual dining to fine dining establishments. This diversity allows aspiring entrepreneurs to find a franchise that aligns with their interests and goals and allows consumers to enjoy a wide range of dining options.
Overall, the Restaurant Franchising industry in the United States is a dynamic and growing sector of the economy that provides opportunities for entrepreneurs and supports local communities.
The Best Cheap Restaurant Franchises:
1. Advanced Fresh Concepts – Sushi Franchise
Advanced Fresh Concepts (AFC) is a privately held company that specializes in the production and distribution of high-quality sushi and other food products. The company was founded in 1986 and has since grown to become one of the largest and most respected sushi producers in the world.
AFC’s success can be attributed to its commitment to innovation and excellence, as well as its focus on using only the freshest ingredients to create a truly exceptional product. With over 4,000 employees and more than 1,200 locations across the globe, AFC has established itself as a leader in the Food industry.
In 2020, AFC reported revenues of over $1 billion, reflecting the company’s strong growth as it expands into new markets and introduces new products. Additionally, the company’s commitment to sustainability and responsible business practices has earned it numerous awards and accolades, further cementing its reputation as a leader in the industry.
Advanced Fresh Concepts had 4,170 units at the end of 2021. The investment range for this franchise is $39,339 to $236,939 for a midpoint investment of $138,139.
2. Orion Food Systems
Orion Food Systems is a privately held company that specializes in the development, franchising, and distribution of food service concepts across the globe. The company was founded in 1983 and is headquartered in Sioux Falls, South Dakota.
Orion Food Systems has a diverse portfolio of food service brands that includes hot dogs, pizza, chicken, and more. Some of the company’s well-known brands include Hot Stuff Pizza, Quick Stuff Convenience Stores, and Chix Chicken. The company’s focus on innovation and adaptability has allowed it to remain a leader in the Food Service industry.
Orion Food Systems operates in over 25 countries and has over 1,000 locations worldwide. The company’s franchise model allows for growth and expansion into new markets, and its commitment to providing high-quality products has earned it a loyal customer base.
Orion Food Systems had 903 units at the end of 2021. The investment range for this franchise is $59,500 to $142,000 for a midpoint investment of $100,750.
3. Fujisan
Fujisan is a Japanese-inspired food and beverage brand that specializes in creating premium quality products using traditional Japanese ingredients and techniques. The company was founded in 2004 and is based in the United Kingdom.
Fujisan’s product offerings include a range of premium Japanese teas, matcha powders, and healthy snack options. The company’s focus on using high-quality ingredients and traditional preparation methods has earned it a reputation for producing exceptional products with authentic Japanese flavors.
Fujisan’s commitment to quality has earned it a loyal customer base and has allowed the company to expand its product offerings and distribution channels. The company has also established partnerships with other businesses in the Food and Beverage industry, further expanding its reach.
In recent years, Fujisan has reported strong growth as demand for authentic Japanese products continues to rise. With a focus on innovation and high-quality products, the company is well-positioned to continue its growth and remain a leader in the Japanese-inspired Food and Beverage market.
Fujisan had 538 units at the end of 2021. The investment range for this franchise is $3,050 to $75,755 for a midpoint investment of $39,403.
4. Menchie’s
Menchie’s is a frozen yogurt franchise that offers a variety of flavors and toppings for customers to create their unique frozen treats. The company was founded in 2007 and is headquartered in Encino, California.
Menchie’s commitment to quality and innovation has earned it a loyal customer base and has helped it establish a strong brand identity in the competitive
Frozen Dessert industry. The company’s focus on providing high-quality products and exceptional customer service has helped it maintain a strong reputation in the industry. In addition to its frozen yogurt offerings, Menchie’s has also expanded its product offerings to include other desserts such as sorbets, cakes, and smoothies.
Menchie’s had 321 units at the end of 2021. The investment range for this franchise is $219,116 to $457,446 for a midpoint investment of $338,281.
5. Bento Sushi
Bento Sushi is a Canadian-based company that specializes in creating high-quality, ready-to-eat sushi and other Japanese-inspired food products. The company was founded in 1996 and is headquartered in Markham, Ontario.
Bento Sushi has established a strong reputation in the Food industry by focusing on using only the freshest ingredients and traditional Japanese preparation methods. The company’s commitment to quality and innovation has helped it to establish a loyal customer base and maintain a strong presence in the Canadian market.
Bento Sushi operates in a variety of food service concepts across North America, including major retailers such as supermarkets, universities, and airports. The company’s success can be attributed to its ability to adapt to changing consumer tastes and demands, as well as its focus on sustainability and responsible business practices.
In recent years, Bento Sushi has reported strong growth and expansion through strategic partnerships with major food service companies. The company’s commitment to high-quality products and sustainable business practices has earned it numerous awards and recognitions.
Bento Sushi had 243 units at the end of 2021. The investment range for this franchise is $2,600 to $237,750 for a midpoint investment of $120,175.
6. Delivery.Com
Delivery.com is a web-based platform that connects consumers with local businesses, providing them with access to a wide range of products and services. The company was founded in 2004 and is headquartered in New York City.
Delivery.com’s platform offers a range of options, including food delivery, liquor delivery, laundry services, and more. The company’s commitment to providing fast, convenient, and reliable services has helped it to establish a loyal customer base and a strong reputation in the industry.
Delivery.com partners with a variety of local businesses to offer consumers a wide range of products and services. The company’s platform also provides businesses with tools and resources to help them manage their operations, from order management to payment processing.
Delivery.Com had 242 units at the end of 2021. The investment range for this franchise is $59,750 to $91,100 for a midpoint investment of $75,425.
7. Nestle Toll House Cafe
Nestle Toll House Cafe is a franchised bakery cafe that specializes in serving freshly baked goods and beverages. The company is a division of Famous Brands International, which is headquartered in Broomfield, Colorado.
Nestle Toll House Cafe is known for its signature baked goods, including cookies, brownies, and cookie cakes, made using Nestle’s signature chocolate chips. The company’s menu also includes a variety of hot and cold beverages, such as coffee, smoothies, and milkshakes.
The company offers comprehensive training and support to its franchisees, allowing them to deliver the same high-quality products and customer service that the brand is known for.
In addition to its bakery cafe offerings, Nestle Toll House Cafe has also expanded its product line to include packaged goods, such as cookie dough, that can be found in grocery stores across the United States.
Nestle Toll House Cafe had 90 units at the end of 2021. The investment range for this franchise is $44,000 to $585,800 for a midpoint investment of $314,900.
8. Juice It Up!
Juice It Up! is a franchised smoothie and juice bar that offers a variety of freshly made smoothies, juices, and bowls made with high-quality, natural ingredients. The company was founded in 1995 and is headquartered in Irvine, California.
Juice It Up!’s commitment to using fresh, natural ingredients has earned it a loyal customer base and a strong reputation in the industry. The company’s menu includes a variety of smoothies, juices, and bowls that are designed to be both delicious and nutritious.
Juice It Up! had 79 units at the end of 2021. The investment range for this franchise ranges is $223,375 to $440,536 for a midpoint investment of $331,956.
9. Bambu
Bambu is a Vietnamese-inspired dessert and drink chain that specializes in creating a variety of unique, refreshing beverages and desserts made with high-quality ingredients. The company was founded in 2008 and is headquartered in Garden Grove, California.
Bambu’s menu includes a range of traditional and modern Vietnamese-inspired drinks and desserts, such as fruit smoothies, coffee, chè, and bánh mì. The company’s focus on using fresh, natural ingredients and unique flavors has earned it a loyal customer base and a strong reputation in the industry.
Bambu had 60 units at the end of 2021. The investment range for this franchise is $144,000 to $297,500 for a midpoint investment of $220,750.
10. Great Wraps
Great Wraps is a franchised fast-food chain that specializes in creating a variety of customizable hot wraps, bowls, and sandwiches made with fresh, high-quality ingredients. The company was founded in 1989 and is headquartered in Atlanta, Georgia.
Great Wraps’ commitment to quality and customization has earned it a loyal customer base and a strong reputation in the Fast Food industry. Great Wraps had 45 units at the end of 2021. The investment range for this franchise is $159,500 to $485,500 for a midpoint investment of $322,500.
11. Waffle Cabin
Waffle Cabin is a franchised food truck and kiosk chain that specializes in creating a variety of freshly made waffles made with high-quality ingredients. The company was founded in 2008 and is headquartered in Stowe, Vermont.
Waffle Cabin’s menu includes a variety of waffle options, such as classic waffles, waffles with toppings, and waffles with ice cream. The company’s focus on using fresh, natural ingredients has earned it a loyal customer base and a strong reputation in the Food Truck and Kiosk industry.
Waffle Cabin operates in various locations across the United States, including at ski resorts, sports events, and fairs. The company’s success can be attributed to its unique concept and its ability to cater to different events and venues.
Waffle Cabin had 45 units at the end of 2021. The investment range for this franchise is $91,600 to $229,700 for a midpoint investment of $160,650.
12. Three Dog Bakery
Three Dog Bakery is a franchised retail chain that specializes in creating and selling freshly baked, all-natural treats for dogs. The company was founded in 1989 and is headquartered in Kansas City, Missouri.
Three Dog Bakery’s commitment to using only all-natural, wholesome ingredients has earned it a loyal customer base and a strong reputation in the Pet Food industry. The company’s product offerings include a variety of dog treats, including cookies, cakes, and other baked goods.
In addition to its retail locations, Three Dog Bakery also offers a variety of products online, as well as wholesale options for businesses looking to carry their products.
Three Dog Bakery had 40 units at the end of 2021. The investment range for this franchise is $285,872 to $404,959 for a midpoint investment of $345,416.
14. Carbone’s Pizzeria
Carbone’s Pizzeria is a family-owned pizzeria chain that specializes in serving a variety of hand-tossed, thin-crust pizzas made with fresh, high-quality ingredients. The company was founded in 1954 and is headquartered in St. Paul, Minnesota. The company’s menu includes a variety of pizza options, such as classic cheese and pepperoni, as well as specialty pizzas with unique toppings.
Carbone’s Pizzeria had 37 units at the end of 2021. The investment range for this franchise is $79,000 to $140,500 for a midpoint investment of $109,750.
15. Woops!
Woops! is a franchised bakery chain that specializes in serving a variety of macarons, pastries, and other baked goods. The company was founded in 2012 and is headquartered in New York City. The company’s menu includes a range of pastries, macarons, cookies, and other baked goods, each with a unique and creative twist.
Woops! operates in various locations across the United States, including in shopping centers, airports, and universities. Woops! had 29 units at the end of 2021. The investment range for this franchise is $59,875 to $390,675 for a midpoint investment of $225,275.
16. Mr. Delivery
Mr. Delivery is a franchised food delivery service that partners with local restaurants to provide customers with a wide variety of food options. The company was founded in 1986 and is headquartered in Boulder, Colorado. Mr. Delivery’s platform allows customers to order from their favorite local restaurants and have their food delivered to their door.
Mr. Delivery partners with a variety of local restaurants, offering customers a wide range of cuisine options, including pizza, burgers, sushi, and more. In addition to its delivery services, Mr. Delivery also offers catering services for businesses and special events, further expanding its reach in the Food Service industry.
Mr. Delivery had 27 units at the end of 2021. The investment range for this franchise is $62,200 to $68,700 for a midpoint investment of $65,450.
17. Milkster
Milkster Nitrogen Creamery, also known as Nice Modern Creamery, is a family-oriented business that specializes in creating meaningful and memorable experiences for its customers. The company uses liquid nitrogen to custom-make every order of “nicecream”, providing a super-smooth texture while eliminating the need for extra preservatives and emulsifiers. Milkster Nitrogen Creamery strives to use the most organic, natural ingredients available and has partnered with great local companies to create their unique flavors.
In addition to its ice cream offerings, Milkster Nitrogen Creamery also offers an extensive specialty coffee menu. The company believes that dessert and coffee complement each other, which is why they deliver two powerful food categories under one roof.
Liquid nitrogen is the key ingredient used in Milkster Nitrogen Creamery’s ice cream making process. It is simply nitrogen, which makes up 78% of the earth’s atmosphere, in a liquid state. The use of liquid nitrogen minimizes the size of ice crystals, resulting in a much creamier and smoother texture.
Milkster Nitrogen Creamery is also committed to its local community and uses premium local ingredients whenever possible. The company’s involvement in the community reflects its values of sustainability, quality, and social responsibility.
Milkster had 12 units at the end of 2021. The investment range for this franchise is $28,150 to $249,500 for a midpoint investment of $138,825.
18. Mason’s Famous Lobster Rolls
Mason’s Famous Lobster Rolls is a restaurant chain that specializes in serving authentic New England lobster rolls made with fresh, high-quality ingredients. The company was founded in 2014 by Dan Beck and is headquartered in Annapolis, Maryland. The company’s menu includes a variety of lobster roll options, such as classic, Connecticut-style, and lobster bisque. The company also serves other seafood dishes, including crab cakes, clam chowder, and shrimp rolls.
Mason’s Famous Lobster Rolls operates in various locations across the United States, including in Maryland, Delaware, Virginia, and California. Mason’s Famous Lobster Rolls had 11 units at the end of 2021. The investment range for this franchise is $160,983 to $459,050 for a midpoint investment of $310,017.
19. Chick’nCone
Chick’nCone is a fast-casual restaurant chain that specializes in serving chicken in a portable waffle cone. The company was founded in 2016 and is headquartered in Long Island, New York.
Chick’nCone’s unique concept of serving chicken in a waffle cone has earned it a unique place in the industry. The company’s menu includes a variety of chicken options, including buffalo, BBQ, and ranch, as well as sides like mac and cheese and fries.
Chick’nCone had 9 units at the end of 2021. The investment range for this franchise is $158,000 to $286,000 for a midpoint investment of $222,000.
20. Falbo Bros Pizzeria
Falbo Bros Pizzeria is a family-owned pizzeria chain that specializes in serving New York-style pizza made with fresh, high-quality ingredients. The company was founded in 1992 and is headquartered in Madison, Wisconsin.
The company’s menu includes a variety of pizza options, such as classic cheese and pepperoni, as well as specialty pizzas with unique toppings. In addition to its pizza offerings, Falbo Bros Pizzeria also serves a variety of other dishes, such as salads, sandwiches, and pasta dishes.
Falbo Bros Pizzeria had 9 units at the end of 2021. The investment range for this franchise is $40,000 to $160,000 for a midpoint investment of $100,000.
Summary
As of 2023, the Restaurant industry is expected to continue its growth, and many individuals are considering owning a restaurant franchise. However, the high cost of investment and ongoing expenses often make it difficult for aspiring entrepreneurs to get started. This article highlights some of the best cheap restaurant franchises for 2023 that are available for investment.
Make sure to check out our website Vetted Biz to know more franchise opportunities in the Food and Beverage industry!
