Are you looking to invest in a franchise, but you’re on a tight budget? Are you willing to spend no more than $10,000 on your The amount of funds necessary to begin operations of a business or franchise including the first three months of operation.?
Browse our listings below to see some of the top franchises for sale at Under $10,000.
You can also obtain an SBA loan for a franchise and invest as little as 30% of the total investment amount.
This video is for those that are looking to invest in a franchise under $10,000. I’m gonna go through some of the key industries and some real examples, including some of the largest franchise names available.
So, first, what industries are available under $10,000. Generally, these are gonna be service-based businesses where it doesn’t cost much money to open up the location. And keep in mind, under $10,000 that means the franchise fee is zero all the way up to about $10,000, because you usually need expenses for other items and working capital to get the business off the ground. Some exceptions to non-service-based businesses include Chick-fil-A, which right now you can invest $10,000, and own and operate a Chick-fil-A franchise. Yes, the corporate office is gonna 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 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.
Another option is Steak ‘n Shake, where for $10,000 you actually have a larger equity percentage. Last time we checked, it was 50,000… For Steak ‘n Shake, you actually have a larger equity percentage in the business. Last we checked for $10,000, you have a 50% ownership and you can get into a current Steak ‘n Shake where it 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 6 months, 12 months, 18 months to start collecting a paycheck. Generally, the first month, second month, you’re already getting some money back from your The amount of funds necessary to begin operations of a business or franchise including the first three months of operation., which in this case for Steak ‘n Shake, was just $10,000.
So, 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. Other franchises under $10,000, there are not that 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.com to see what franchises under $10,000 might be available for you.