Free "Low Cost Franchise Buyer's Guide" eBook Download

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How to Buy aLow Cost Franchise

What is a Low Cost Franchise?

Low-cost franchises are typically categorized as those whose cash requirements range from under $20,000 up to $100,000.

Types of Low Cost Franchises

  • vending machineVending: From beverages and snacks to personal hygiene items and DVDs there's a machine to dispense almost everything. The industry generates more than $30 billion in revenue every year, yet a good many vending franchises are affordably priced under $20,000.
  • franchise vendorKiosks & Carts: Typically found in high-traffic areas like malls, airport concourses, public promenades, kiosks and carts sell almost anything from popcorn, snacks and sandwiches to sunglasses, gifts and more.
  • sitting at computerHome-Based: Tutoring, business consulting, cleaning services, pet care, repair services, senior care, internet- focused and more; there are a variety of home-based business options that don't require retail space or a storefront but may require travel to a customer's location.
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Advantages

  1. Lower investment, risk
  2. Faster startup time
  3. Lower overhead
  4. Work/life balance
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Challenges

  1. Lower profit potential
  2. Less brand awareness
  3. Competition
  4. More self motivation

Finding the Right Opportunity

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  1. Match your interests and skills
  2. Determine what you can afford
  3. Review training & support offered
  4. Research franchise performance
  5. Talk to other franchisees
  6. Evaluate the competition

To learn more, see our full Buyer's Guide at:
franchisegator.com/ebooks/low-cost-guide/

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