Are you looking for a cheap franchise business you can invest in for under £10K?
One of the fantastic things about franchising is that there is so much variation within the industry. While some opportunities call for a substantial investment and often a bank loan, there are also plenty of low cost franchise opportunities you can get on board with.
If you’re searching for your ideal franchise under £10K, we’ve put together a few pointers to help you identify an inexpensive opportunity that will suit your budget and goals.
Where to start
Before you begin your search it’s a good idea to have a firm budget in mind.
Whether you’re searching for cheap franchises under £5,000 or something closer to the £10,000 mark, there are a number of expenses you’ll need to factor into your equation, including:
– Up front investment
– Service maintenance costs
– The percentage of your profits owed to your franchisor (not required at Tubz)
– Restocking costs
Not all franchises will demand all of these costs, but it’s important to be aware of them before you start your search. This will ensure you don’t get hooked by an opportunity that seems affordable but quickly adds up to break your budget.
Beginning the search
There are lots of places to search for cheap franchises throughout the UK – and worldwide. As you might expect, the internet is a very good place to begin your search – but a word of warning – not every cheap franchising opportunity you’ll uncover online is what it seems.
As with every industry, there are some sharks out there, so exercise caution during your franchise hunt. Reading testimonials and case studies from and about current franchisees will help you to distinguish a great opportunity from a con, as will speaking in depth with the franchisor and visiting their premises.
At Tubz Vending, we share insights from our franchisees on our testimonials page to help prospective partners get a feel for our business. We also invite potential franchisees to visit us, meet the team and take a tour around our operation.
Typical low cost franchise businesses
There are plenty of inexpensive franchises to be found for entrepreneurial individuals looking either for a side earner or an affordable business they can gradually grow and expand, across a range of sectors.
Here are a few common cheap franchise businesses you may want to explore:
Call us self-centred, but we thought we’d kick this list off with the type of business we operate here at Tubz. We offer franchises under £5,000, with opportunities starting at £2,499 + VAT.
Check out our business bundles to learn more about our costs and potential profits. Don’t forget to explore the rest of the Tubz website for tonnes of information about buying a vending franchise.
From “Jazzercise” and personal training, to football leagues, fitness is big business and there are plenty of low cost franchising opportunities to get involved with in this sector. It’s important to consider the set up costs, equipment and premises required to get started.
This service oriented sector is often an affordable area for those keen to buy into a franchise and run their own business under a recognisable name with plenty of support and resources already to hand.
Other low cost franchises
And that’s just the tip of the iceberg. Alternative cheap franchise businesses can include: mobile coffee stands, pet food home delivery, beauty, B2B marketing, language teaching, web design, mechanic services – the list is long. Take some time to explore it thoroughly before hitting on the perfect, flexible, low cost option for you.
Have you decided that a vending franchise could be your ideal franchise under £5K? We’d love to talk to you about joining the Tubz family of franchisees across the UK. For more information, please contact us via: firstname.lastname@example.org or on: 01795 414 480.