{"id":23348,"date":"2023-06-19T17:11:15","date_gmt":"2023-06-19T17:11:15","guid":{"rendered":"https:\/\/completewedo.com\/franchising\/?p=23348"},"modified":"2023-07-06T17:20:12","modified_gmt":"2023-07-06T17:20:12","slug":"franchises-under-100k","status":"publish","type":"post","link":"https:\/\/completewedo.com\/franchising\/franchises-under-100k\/","title":{"rendered":"Franchises Under 100K: 5 Cheap Franchise Industries to Consider"},"content":{"rendered":"

Buying a franchise does not have to cause sticker shock. Are you looking for franchises under $100K? Here are the best cheap franchise industries to pursue this year to make a smart investment in your future.<\/p>\n

Find the Right Opportunity<\/strong><\/h2>\n

There are more than 4,000<\/a> active franchise brands in the U.S. spanning a wide array of industries. While large-footprint gyms and fast-food locations can cost up to $1 million, and a rental car location can be even higher, many options exist for people looking to launch a low-investment, high-reward business. Here are some industries featuring franchises under $100K.<\/p>\n

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  1. Senior care.<\/strong> A senior care franchise allows you to tap into this demographic and target a potentially lucrative customer base. By 2030, 73 million people in the U.S. will be 65 or older, according to AARP<\/a>. Despite high demand, owning a senior care business requires complying with licensing, safety, and quality standards, which may require additional resources, expertise, and ongoing monitoring.<\/li>\n
  2. Travel. <\/strong>As a travel franchisee, you can set your hours and work from anywhere. You can become a subject matter expert by investing in a niche travel business, such as cruises or corporate bookings. Even with a low barrier to entry, coping with clients in high-stress situations, such as delayed flights or overbooked hotels, can be challenging.<\/li>\n
  3. Fitness. <\/strong>Americans prioritize physical wellness. At least one out of every five American adults is a member of a gym or health club, according to the Global Health & Fitness Association<\/a>. Opening a small fitness or personal training franchise offers potentially high margins. But you\u2019ll have to work during non-traditional hours to accommodate clients, which may make it a non-starter for people interested in fostering work-life balance.\n

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  4. Business consulting.<\/strong> If you held a job in corporate America, it\u2019s not a stretch to assume you\u2019ve picked up the skills to provide business consulting services. Helping businesses cut costs and streamline operations may be in your wheelhouse, but building relationships takes time and requires extensive networking and a high marketing budget.<\/li>\n
  5. Event planning. <\/strong>If you want to explore your creative side with a proven brand, event planning can be a lucrative business opportunity. Weddings are big business. In 2022, the U.S. wedding industry jumped 10% to $70.7 billion, according to IBISWorld<\/a>.<\/li>\n<\/ol>\n

    Complete Weddings + Events is an all-in-one event planning franchise. Wedding planning can be stressful. The average couple hires at least 14 vendors for their wedding. We streamline wedding and event planning by offering photography, videography, DJ, photo booth, coordination, and lighting packages for the big event. Franchisees build relationships with top local talent to provide services at events and keep startup costs down by doing business from a home office.<\/p>\n

    Our wedding franchise costs<\/a> $56,820 to $71,070 while taking advantage of our limited-time Incentive Program. As part of your initial investment, you get a brand with a nationwide footprint and the training and tools to serve customers. A Complete Weddings + Events franchisee books an average of 22.3 events per month, and the top third of our franchisees generated average gross receipts in 2022 of $705,000.*<\/p>\n

    Am I Buying a Job?<\/strong><\/h2>\n

    A common misconception about franchising is that it\u2019s a way to buy a job. Nothing could be further from the truth. Investing in a franchise is a long-term business venture. A job does not provide control over your earnings potential, workload, and schedule. A job does not provide an opportunity for you to diversify your portfolio and create a legacy for your children. And a job does not allow you to be your own boss.<\/p>\n

    Unlike a job in today\u2019s corporate world, where stagnant wages and lack of security are commonplace, a franchise is scalable. A low-investment franchise is designed to expand beyond a single location, allowing you to build a business empire instead of just running a single outlet. Franchises under $100K have a well-defined system that allows you to hire and manage employees who handle daily operations as your customer base grows.<\/p>\n

    At Complete Weddings + Events, our franchisees start their business from a home office. As they hit customer targets and create an infrastructure, they can open a showroom to reach a broader customer base.<\/p>\n

    Begin a New Adventure<\/strong><\/h2>\n

    To learn more about investing in a franchise with a partner who has your best interest at heart, get started<\/a> by reaching out to someone from the Complete Weddings + Events team.<\/p>\n

    *<\/em>This is a historical representation of what some of Complete Weddings + Events franchised agencies earned, as described further in Item 19 of the FDD.<\/em><\/p>\n

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