Franchises under 100k

Top 8 Franchises Under 100K That Are Profiting in 2021

Franchising / July 30, 2021

Starting a franchise is a great way to live out your dream of business ownership.

Though some franchises might be out of your current budget, there are many great options that you can get up and running for under 100k.

There are many types of franchises to choose from, and depending on your skills and interests, there is likely a franchise that will fit you best.

In this article, we’ll explore what makes a great franchise and provide examples of some of the top franchises under 100k you can start this year.

Criteria for a Great Franchise

By following the criteria below, you’ll be well on your way to finding a franchise that will support you along your journey and set you up for success.

Flexibility When Choosing a Location

Some franchises will require you to operate from a brick-and-mortar location while others are able to function completely from home. Which option you choose largely depends on your lifestyle and preference when it comes to location.

Franchisee Support

Any respected franchise will provide the resources and tools you need to find success with the franchise.

The franchise you choose should support you in the following ways:

  • Training: Any franchise should have some form of remote or in-person training that will give you the knowledge and skills to operate the business. Furthermore, ongoing training should be offered as you grow the franchise.
  • Expertise: Unless you are an expert yourself with many years of experience in the industry, guidance from experts will be invaluable. Many franchises will let you call or email with any questions you have along your journey.
  • Marketing: Any established franchise will have marketing materials you can use to grow your business. Franchises have proven business models which means their marketing materials will work seamlessly with your business.

Market Opportunity

It should be obvious that there needs to be a demand for the franchise you are opening. Do some research and figure out what franchise(s) your community would benefit from now, and into the future.

The Best Franchises You Can Start for Under $100k

1. P3 Cost Analysts: Best for Cost Reduction Consulting

  • Minimum cash required: $59,500
  • Work from home: Yes
  • Training provided: Yes
  • Financing assistance: Available through a third party

Starting a franchise with P3 Cost Analysts gives you the opportunity to help businesses reduce spending in a variety of different cost categories including utilities, telecom, merchant processing, copier/print, property tax, waste management, and uniform and linen expenses. With a team of experts behind you, you’ll learn the ins and outs of cutting costs for businesses of all types and sizes.

P3 Costs Analysts provide world-class support to their franchisees through extensive training, access to top-notch tools, and even coaching. If helping businesses everywhere positively impact their bottom line through cost reduction excites you, starting a franchise with P3 Cost Analysts is a great fit.

2. American Business Systems: Best for Medical Billing

  • Minimum cash required: $27,990
  • Work from home: Yes
  • Training provided: Yes
  • Financing assistance: Available through a third party

The health services sector is a growing industry and you can be part of this growth by starting a franchise with American Business Systems. With over 25 years in the field, American Business Systems has built a model where franchisees can find success even if they don’t have any prior medical or billing experience.

With an extensive toolbox for revenue cycle management, practice management, and other necessary solutions, you can feel confident in starting your business. Also, if you feel like this franchise isn’t a good fit, you can get 100% of your money back within the first 30 days.

3. Cruise Planners: Best for Travel Planning

  • Minimum cash required: $10,995
  • Work from home: Yes
  • Training provided: Yes
  • Financing assistance: Available through a third party

If you’re a travel junkie who also desires to work from anywhere, starting a Cruise Planners franchise is a great opportunity. By starting a franchise with the largest travel advisor network in the nation, you’ll have access to the technology solutions, marketing resources, and professional guidance you need to run a successful business. Furthermore, you are also granted access to travel discounts, so you, too, can continue exploring the world.

4. 360clean: Best for Commercial Cleaning Services

  • Minimum cash required: $15,000
  • Work from home: Part-time
  • Training provided: Yes
  • Financing assistance: Available through a third party

If you want to help businesses keep their offices and other buildings clean and hygienic, you might want to consider starting a 360clean franchise. It will be your job to manage a team of cleaners and find businesses that could utilize the 360clean service. You’ll have access to top-of-the-line cleaning products and techniques to keep your clients happy, healthy, and willing to recommend your service.

As a great turnkey opportunity, you’ll get to leverage 360clean’s centralized marketing system in order to have a steady stream of clients day in and day out.

5. Weed Man: Best for Residential and Commercial Lawn Care

  • Minimum cash required: $69,000
  • Work from home: Part-time
  • Training provided: Yes
  • Financing assistance: Available through a third party

If you’re interested in sustainable and environmentally friendly lawn care, then starting a Weed Man franchise could be the franchise for you. As an award-winning lawn care franchise, Weed Man has a proven business model to help you secure clients and grow your business.

Some of the perks of starting a Weed Man franchise include gaining exclusive rights to the territories you operate in, comprehensive training, access to state-of-the-art management tools and marketing systems, and guidance from industry experts. There is also much room for growth in this industry, and recurring revenues are common within this franchise.

6. Tutor Doctor: Best for At-Home Tutoring

  • Minimum cash required: $84,000
  • Work from home: Yes
  • Training provided: Yes
  • Financing assistance: Available through a third party

If you’re looking to make a difference in the lives of students ranging from kindergarten through college, starting a Tutor Doctor franchise will be a good fit. As a franchise, you’ll manage a team of tutors from a variety of disciplines that will offer in-home or remote tutoring services. This industry is recession-resistant and is poised for growth over the upcoming years.

Furthermore, you don’t have to come from an educational background to start a Tutor Doctor franchise. With the support and training provided by Tutor Doctor, you will have everything you need to start your franchise and begin changing the lives of students all across the world.

7. GYMGUYZ: Best for At-Home Personal Training and Fitness

  • Minimum cash required: $92,200
  • Work from home: Yes
  • Training provided: Yes
  • Financing assistance: Available through a third party

If helping people get healthier and in shape is a passion of yours, then starting a GYMGUYZ franchise could be a good fit. GYMGUYZ specializes in in-home personal training for yourself, your family, or a group of your choosing. They host workshops and classes in the location of your choice and on your time.

As a franchisee, you’ll manage territory and a team of fitness experts that all can teach different kinds of classes. You also have access to top-of-the-line fitness equipment for your team to use. GYMGUYZ has great support for the franchisees and provides all the resources you’ll need to be profitable in this endeavor.

8. Visiting Angels: Best for In-Home Senior Care

  • Minimum cash required: $59,950
  • Work from home: Part-time
  • Training provided: Yes
  • Financing assistance: Available through a third party

The in-home senior care market is on the rise with no sign of stopping. When you start a franchise with Visiting Angels, you will be able to capture a portion of this market and set yourself up for long-term growth. You’ll get to manage a team of caring and compassionate home care workers while knowing that the seniors in your community are getting the best possible care.

Since this is purpose-driven work, franchisees often feel a sense of accomplishment and know that they are making a difference for the elderly. Visiting Angels also provides extensive training and support to ensure the success of their franchisees. Furthermore, you don’t need prior experience in senior care, but you do need essential soft skills such as empathy, patience, and strong communication.

Start a Successful Franchise for Under 100K Today

As we’ve seen, there are many great franchises under 100k you can start in 2021. Before committing to any opportunity though, we suggest that you do some research and decide which industry will suit you best.

As the number of franchise owners continues to rise, now is your chance to start a business that aligns with your lifestyle and brings you a sense of accomplishment. For many franchisees who come from a business background, starting a cost reduction consulting franchise is a popular option.

They get to help businesses of all sizes while being able to apply their previous experience. Additionally, this field is poised for growth and offers much profit potential for people everywhere.

If starting a cost reduction consulting franchise sounds like a good fit for you, visit our franchising page to learn more about this unique opportunity.

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