Best Franchises Under 10K in 2024

This article is for those who are looking to invest in franchises under 10K. I’m going to go through some of the key industries, and some real examples, including some of the largest franchise names available. In many franchises, the start-up cost can be quite substantial. This article will guide you through franchises that have a relatively low startup cost. Franchisors may require an initial fee to join their franchise program, which could range up to $10K. Other costs such as royalty fees and advertising funds are typically included in the overall investment cost.

What are the Industries With Franchises Under 10K?

Generally, these are going to be service-based businesses where it doesn’t cost much money to open up the location. Keep in mind under $10K means the franchise fee is zero all the way up to about $10K because you usually need expenses for other items and working capital to get the business off the ground.

If you’re looking to invest in a franchise but don’t want to break the bank doing so there are plenty of options available for franchises under 10K. With franchises in various industries and from some of the largest franchise names available, you’ll be able to find a business that fits your budget.

Exceptions to Non-Service-Based Franchises under 10k

Chick-fil-A

Some exceptions to non-service-based businesses include Chick-fil-A, which is a quick-service restaurant specializing in a boneless breast of chicken sandwich. Chick-fil-a is a 10K franchise. Right now you can invest $10K and own and operate a Chick-fil-A franchise. Yes, the corporate office is going to keep most of the profits. However, they’re investing generally way over $2 million. So if you’re looking to have an ownership stake in a small business with the potential to earn $150,000 to $250,000 plus, then a Chick-fil-A franchise might be something to consider. Keep in mind it’s very exclusive and very difficult to be awarded a Chick-fil-A license or franchise.

So, if you’re looking to apply, you probably already need to have years of U.S. restaurant experience, and maybe you have already worked at a Chick-fil-A restaurant.

Steak’n Shake

Steak ‘n Shake, a chain of fast-casual restaurants that specializes in steak burgers and milkshakes, is also one of the franchises under 10K. For Steak ‘n Shake, you actually have a larger equity percentage in the business. A Steak ‘n Shake franchise costs $25K, but there is a way to own a part of a Steak ‘n Shake for less. For a total investment of $10K, you have 50% ownership, and you can get into a current Steak ‘n Shake that was previously owned by the corporate office, and they’re looking to have qualified franchisees own a percentage of one of these existing locations. What I like about the existing locations, you can see the profit and loss. And there’s not that ramp-up period where you’re waiting six months, 12 months, 18 months to start collecting a paycheck. Generally, in the first month or second month, you’re already getting some money back from your initial investment, which in this case for a Steak ‘n Shake was just $10K Becoming a franchise partner with a $10K investment gives you the opportunity of earning 50% of restaurant profits and unlimited earning potential.

Best Franchises Under 10K

Belocal

Belocal is a social enterprise that connects people with local businesses and is committed to creating a more sustainable, equitable economy. Their platform makes it easy for local businesses to find customers, sell products and services, build relationships in their communities and gain access to valuable resources.

N2 Publishing

Founded in 2013 by two friends, N2 PUBLISHING® is a business dedicated to exploring different areas and neighborhoods through articles, interviews and practical information. Their mission is to give their readers the best insights about what cities have to offer. As franchises under 10k, N2 PUBLISHING® offers digital and print advertising for magazines, newsletters, directories and residential communities across towns, villages and cities. The team proudly consists of passionate writers, photographers and travelers who share knowledge on the best places to eat, drink shop and explore.

Real Producers

Real Producers is a national magazine dedicated to helping real estate professionals succeed in their business. Every issue contains advice and guidance from successful industry veterans as well as spotlights on the latest technology advancements. The company also publishes an annual list honoring the most productive agents and teams across the country.

Conclusion

Those are two big franchise brands. Again, Chick-fil-A and Steak ‘n Shake where for a $10,000 investment, you can have a partial ownership in one of these franchises, and partner directly with the franchisor. Regarding other franchises under $10,000, there are not many great ones. However, there are some diamonds in the rough in the service industry, and I do encourage you to look at all the listings on Vettedbiz to see what franchises under 10K might be available for you. There’s no doubt franchises under 10K are a great way to enter the world of business ownership without having to invest too much money. Just make sure you select the right one that fits your skill set and interests so that you can be successful long-term. With franchises in various industries and from some of the largest franchise names available on VettedBiz, you’ll be able to find a business that fits your budget. Start exploring franchises under 10k today and make an informed decision!