If you’re itching to start your own business. Why not open a franchise? This list will tackle the top 10 franchises you can open for less than $100,000.
These franchises are based on the top 10 highest grades given out by Franchise 500 for this year. Shall we begin?
Kumon Math & Reading Center
Kumon, as the name implies, is a math and reading center that’s been around for over six decades now. It is an after-school program for preschool students up until the 12th Grade.
Startup cost: $73.4K-$154.8K
Total Franchises: 26,256
Baskin-Robbins
Who doesn’t love ice cream? Apparently, opening a Baskin-Robbins as your new franchise doesn’t hurt your pockets as much. Open one today and help other Americans fulfill their cravings for some ice cream
Startup cost: $93.6K-$401.8K
Total Franchises: 8,072
HomeVestors of America
HomeVestors of America has a unique business model. They buy houses in need of repairs and sell them or put them up for rentals. Some homeowners even sell their homes to the company to cash out immediately without worrying about home repairs or renovations. No wonder they’ve been in the business since 1966.
Startup cost: $56K-$426.4K
Total Franchises: 1,102
Matco Tools
The company has been producing, manufacturing, and distributing automotive equipment and tools since 1979. They have franchises across all 50 states including Puerto Rico and Canada.
Startup Cost: $93.4K-$272.7K
Total Franchises: 1,812
911 Restoration
This company does restoration services after a disaster. They specialize in water damage restoration, sanitation and cleaning, mold removal and other services.
Total Cost: $70.1K-$336.9K
Total Franchises: 204
CPR Cell Phone Repair
You may have heard of them when you dropped your phone in the water. They accept walk-in, drop off, and mail-in repair of phones and other gadgets. On top of this, you could also purchase gadgets and game consoles from them.
Total Cost: $55.7K-$170.5K
Total Franchise: 565
Merry Maids
If you’re interested in opening a cleaning services franchise, then try Merry Maids. They clean apartments and condominiums across America. As of today, they have franchises all over the world including Denmark, Hong Kong, Japan, and the UK.
Total Cost: $89.6K-$125K
Total Franchises: 1,705
Chem-Dry Carpet & Upholstery Cleaning
The company was founded when its owner discovered a new technique in cleaning carpets. Their popular “Chem-Dry Hot Carbonating Extraction” process removes dirt from the carpet without introducing chemicals and excessive water. As of today, the business has expanded to upholstery, tile, stone, and grout cleaning.
Total Cost: $67.6K-$178.9K
Total Franchises: 3, 576
ServiceMaster Clean / ServiceMaster Restore
ServiceMaster Clean provides janitorial services, disaster restoration, floor care, and rebuild services. It is part of a larger family of brands which include Merry Maids, AmeriSpec Inspection Services, and Terminix among other brands.
Total Cost: $93.7K-$294.4K
Total Franchises: 4,919
Weed Man
Weed Man is a lawn care service that caters to Canada, the UK, and the USA. It started from weed care and expanded to various services such as lawn care, lawn pest control, and mosquito control services.
Total Cost: $69.8K-$86.9K
Total Franchises: 303
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