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To help you find the best franchise opportunities, Seek Capital assembled a list of the top low-cost franchises. This list was generated based on several criteria. Factors include the minimum franchise fee, minimum initial investment, minimum net worth requirement and one-year and three-year change in the number of franchise units or establishments.
Other considerations include ongoing royalty fees and liquid cash requirements. To make the list, franchises had to have no negative one-year growth in number of units. Franchise data was sourced from Entrepreneur Franchise Hub and individual franchise websites when data was available.
Franchise.com promotes four fantastic restoration companies who help families and companies recover their losses from water and fire damage and help them get back on their feet:
Typically, the cash required to start one of these franchises ranges from $30,000 – $75,000 and includes these benefits:
Idan Shpizear is a true “coming to America” success story. Having recognized the growth potential of the restoration industry in 2007, he and friend Peleg Lindenberg decided to start 911 Restoration with little more than $3,500 and a Volvo for an office. Success was not easy in the early days, and especially in the depths of the great recession, but through perseverance, ingenuity and good business sense the company grew and began franchising with branches all major cities around the country and Canada.
This advice comes from Idan Shpizear, who parlayed $3,000 into a $27 million business, 911 Restoration, which helps homeowners recover from water damage. He says that focusing on goals makes the difference between survival and success. “A lot of people jump straight to business but don’t have a vision or strategy and goals. If you go through this process every day, your life will change,” he said.