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What Business Can You Start with $10k?
Written by: Parth Parth
Last Updated by
Ailen Faiad: February 28, 2023
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Starting a business is an exciting and fulfilling endeavor, but it can be challenging to determine where to begin. One common barrier to starting a business is the financial investment required. However, with $10,000, there are some low-cost options available that can help you kickstart your entrepreneurial journey. In this article, we will explore various business ideas that you can start with $10,000 or less.
Contents
With the right idea and a solid plan, you can transform your $10k investment into a successful and profitable venture.
Potential Business Options Starting $10k
Keep in mind that the initial investment is just the beginning and there may be additional expenses such as marketing, rent, and supplies. So, it’s essential to do thorough research and planning before starting any business.
1. JAN-PRO
Jan-Pro is a leading commercial cleaning company with a history of over 30 years of providing exceptional cleaning services to businesses across the United States and beyond. The company was founded in 1991 in Providence, Rhode Island, by Jacques Lapointe, who was motivated by his desire to offer the best quality commercial cleaning services that were both efficient and effective.
Today, Jan-Pro operates in over 13 countries, including the United States, Canada, Australia, and Japan, with more than 10,000 franchisees providing cleaning services to over 50,000 customers. With this impressive growth, Jan-Pro has established itself as a leading player in the Commercial Cleaning industry, and its success is attributed to its ability to adapt and innovate to meet the changing needs of its clients.
The Commercial Cleaning industry has continued to experience steady growth over the years and is projected to continue to grow in the coming years. According to a report by ResearchAndMarkets.com, the global commercial cleaning services market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2026, driven by the increasing demand for sanitation and cleanliness in various commercial sectors.
Moreover, the demand for eco-friendly cleaning solutions has been on the rise, and commercial cleaning companies like Jan-Pro have been at the forefront of adopting sustainable practices and products to meet this demand. Jan-Pro has also introduced the EnviroShield system, a proprietary electrostatic spraying system that disinfects and sanitizes surfaces without the use of harmful chemicals, making it safe for the environment and the people who use the facility.
JanPro Cost & Fees
The initial investment required to start a Jan-Pro franchise can vary depending on several factors such as location, the size of the territory, and the type of franchise package selected.
The initial investment required for a new franchise ranges from $4,000 to $56,550. This includes the franchise fee, which ranges from $1,000 to $44,000, depending on the size of the territory and the franchise package selected.
The franchise fee covers the initial training, equipment, and support needed to start and run the business, and it is a one-time fee that is renewable after the initial term. In addition to the franchise fee, there may be additional costs for equipment, supplies, and other operational expenses.
It is important to note that Jan-Pro offers financing options to qualified franchisees, which can help reduce the initial investment required. These financing options include in-house financing and partnerships with third-party lenders, and they are designed to provide flexible payment plans that are tailored to the individual needs of each franchisee.
2. Vanguard Cleaning Systems
Vanguard Cleaning Systems is a leading commercial cleaning franchise with a history of over 35 years of providing top-quality cleaning services to businesses across the United States and Canada. The company was founded in 1984 in California by co-founders Ray and Barbara Reese, who were passionate about providing a more professional and reliable cleaning service to commercial clients.
Today, Vanguard Cleaning Systems operates in over 60 markets across North America, with over 3,000 franchisees providing commercial cleaning services to businesses of all sizes. With its emphasis on quality, reliability, and customer satisfaction, Vanguard Cleaning Systems has established itself as a trusted and respected name in the Commercial Cleaning industry.
One of the key factors that sets Vanguard Cleaning Systems apart is its commitment to using advanced cleaning technologies and eco-friendly practices to deliver exceptional cleaning results while minimizing its impact on the environment. The company’s Green Cleaning program is designed to use only environmentally responsible cleaning products and practices, ensuring that its cleaning services are safe for both the clients and the environment.
Vanguard Cleaning Systems Cost & Fees
For entrepreneurs looking to start a commercial cleaning business with less money, a Vanguard Cleaning Systems franchise can be an attractive option. With an initial investment that ranges from $8,000 to $38,000, a Vanguard Cleaning Systems franchise is a business under 10k that is relatively affordable compared to other business opportunities.
The franchise fee covers the initial training, equipment, and support needed to start and run the business, and with Vanguard Cleaning Systems’ comprehensive training and support programs, franchisees can gain the skills and knowledge needed to provide top-quality cleaning services to their clients.
3. Dream Vacations
Dream Vacations is a leading travel franchise with a history of over 20 years of providing exceptional travel experiences to clients across the United States. The company was founded in 2001 under the name CruiseOne, with the mission of offering top-quality travel services and exceptional customer service to clients seeking unforgettable vacations.
Today, Dream Vacations has grown to become one of the largest travel agencies in the country, with over 1,400 franchisees operating in all 50 states. The company’s success is attributed to its commitment to excellence in all aspects of its business, from the quality of its travel products to the training and support provided to its franchisees.
The Travel industry has continued to experience steady growth over the years, with a global travel and tourism market worth over $8 trillion in 2019. According to the U.S. Travel Association, the Travel and Tourism industry is a significant contributor to the U.S. economy, with over $1.1 trillion in economic output and over 15.8 million jobs supported by the industry in 2019.
Dream Vacations Cost & Fees
Moreover, the Travel industry is expected to continue to grow in the coming years, with an increasing demand for personalized travel experiences and sustainable tourism practices. Dream Vacations is well-positioned to meet the evolving needs of clients and the industry, with a commitment to sustainable tourism practices and cutting-edge travel technology.
Dream Vacations is a promising travel franchise opportunity for entrepreneurs looking to start a business with less money. With an initial investment that ranges from $3,245 to $21,850, Dream Vacations is a cheap franchise that is affordable compared to other business opportunities.
The initial investment includes the franchise fee, which covers the initial training, equipment, and support needed to start and run the business. With Dream Vacations’ comprehensive training and support programs, franchisees can gain the skills and knowledge needed to offer top-quality travel products and services to their clients.
4. Jazzercise
Jazzercise is a popular fitness program that has been helping people to improve their health and fitness for over 50 years. The company was founded in 1969 by Judi Sheppard Missett, who created a new dance-based workout that combined elements of jazz dance, resistance training, and aerobic exercise.
Today, Jazzercise has grown to become one of the largest dance fitness programs in the world, with thousands of locations in over 25 countries. The company’s mission is to inspire people to live healthier, happier lives by providing a fun and effective workout that combines high-energy music with exciting dance moves and strength training.
The Fitness industry has continued to experience steady growth over the years, and it is projected to continue to grow in the coming years. According to a report by IBISWorld, the global Fitness industry is expected to grow at a compound annual growth rate (CAGR) of 2.6% from 2021 to 2026, driven by increasing health consciousness among consumers and rising demand for fitness services.
Jazzercise has been at the forefront of this growth, offering a unique and effective fitness program that has resonated with millions of people around the world. With its focus on creating a fun and welcoming atmosphere, Jazzercise has created a community of fitness enthusiasts who support and encourage one another in achieving their health and fitness goals.
Jazzercise Cost & Fees
In addition to its focus on fitness, Jazzercise has also been committed to social responsibility and giving back to the community. The company has partnered with various charitable organizations over the years, raising millions of dollars for causes such as breast cancer research, veterans’ programs, and disaster relief efforts.
For entrepreneurs looking to start a fitness business with less than $10,000, a Jazzercise franchise can be a great investment opportunity. The initial investment required to start a Jazzercise franchise is relatively low compared to other fitness franchises, with the total investment ranging from $2,985 to $12,835.
The franchise fee for a Jazzercise franchise ranges from $1,250 to $3,250, depending on the size of the territory and other factors. This fee covers the initial training and support needed to start and run the business, as well as access to Jazzercise’s proprietary choreography and marketing materials.
5. Sign Gypsies
Sign Gypsies is a rapidly growing and innovative yard greeting company that was founded in 2014 in College Station, Texas, by founder and CEO Jami Richardson. Sign Gypsies offers customized yard greetings for any occasion, such as birthdays, graduations, and weddings, to make any event special and memorable.
Sign Gypsies’ popularity has grown rapidly, and it now has franchises in over 35 states across the United States. With over 200 locations and counting, Sign Gypsies has established itself as a leading player in the Yard Greeting industry.
According to a report by IBISWorld, the Greeting Card and other Publishing industries have experienced steady growth over the past few years, and this trend is expected to continue in the years to come. The report notes that the industry has been able to adapt to the digital age by incorporating online and mobile platforms to reach new customers. However, there is still a strong demand for traditional greeting cards and other printed products, especially for special occasions and events.
Sign Gypsies Cost & Fees
Sign Gypsies has been able to capitalize on this trend by offering unique and customized yard greeting services that stand out in a crowded market. With its innovative designs and exceptional customer service, Sign Gypsies has set itself apart from traditional greeting card companies and has become a popular choice for individuals and businesses looking to make their events extra special.
Moreover, Sign Gypsies has been able to adapt to the changing needs of its customers by offering contactless delivery and payment options, as well as virtual consultations for those who prefer to plan their events remotely.
The franchise fee is $1,000 and the total investment required is $4K–$10K. It has 766 locations across the United States and is headquartered in Celina. As a franchisee, you will be responsible for delivering and setting up temporary yard signs and picking them up after the event. The minimum investment required is $4,150, and the maximum is $9,900.
Summary
Starting a business can be challenging due to financial investment requirements, but with $10,000 or less, there are several low-cost options available. These businesses offer affordable initial investments and provide training and support to help franchisees succeed.
The Commercial Cleaning and Fitness industries are growing steadily, while the Travel and Yard Greeting industries are adapting to meet the changing needs of customers. It’s important to thoroughly research and plan before starting any business, including accounting for additional expenses like marketing, rent, and supplies.
