Investing in a franchise with a proven success record can increase the chances of success for first-time business owners. Franchising provides resources such as training, support, and access to an established business model and brand name. Let’s explore the ten best franchises for first-time business owners.
1. Cruise Planners
A home-based travel agency franchise, Cruise Planners provides first-time business owners with a low-cost, low-risk opportunity. It offers comprehensive training and support and a turnkey system that includes a website, a booking platform, and marketing materials to help franchisees get started quickly and easily.
To start your Cruise Planners, you must prepare an initial franchise fee of $6,995 and a total investment range of $2,295 to $23,617. This includes expenses such as technology and equipment, marketing and advertising, and ongoing fees such as royalties and marketing fund contributions.
2. Vanguard Cleaning Systems
A commercial cleaning franchise, Vanguard Cleaning Systems’ low initial investment, flexible business model, and stable market make it an ideal option for new business owners. Franchisees can start small and grow their business over time, with the opportunity to expand their service offerings and hire additional employees.
Franchisees must pay an initial investment range of $5,500 to $36,600 and an initial franchise fee of $5,000. Vanguard Cleaning Systems offers financing options to help make the investment more accessible to those who need it.
3. TSS Photography
Affordable and accessible, TSS Photography could be the franchise opportunity you’re looking for if you’re new to the business. Franchisees have the freedom to set their own schedule and work from home, making it ideal for those who need to balance work and family commitments. It offers ongoing support and training to help franchisees grow their business and stay up-to-date with industry trends and technologies.
TSS Photography offers an affordable opportunity for first-time business owners with an initial investment range of $20,415 – $74,725 and an initial franchise fee of $7,500.
4. Coffee News
Having an established brand and proven business model, Coffee News is a good option for new business owners. It has low initial investment and operating costs, a flexible business model, and comprehensive training and support. It requires an initial investment range of $9,750 to $10,750 and an initial franchise fee of $8,400.
Coffee News is a free weekly publication distributed to local businesses. It offers news, entertainment, and advertising opportunities for local companies. Franchisees will publish and distribute the magazine in their local area while providing additional services such as graphic design and printing.
5. Snap-on Tools
A mobile tool sales franchise, Snap-on Tools, provides first-time business owners with an established brand, comprehensive training and support, and a high-quality product line. Franchisees will directly sell high-quality tools and equipment to customers through a customized van or truck.
To operate a franchise, you must pay the initial investment cost of $151,450 to $422,275 and an initial franchise fee of $16,000. This contributes to the company’s ongoing research and development efforts to ensure franchisees have access to the latest technologies and products in the industry.
6. Pillar to Post
As a Pillar to Post franchisee, you will conduct home inspections for homebuyers, sellers, and real estate professionals, providing a thorough evaluation of a property’s condition and identifying any potential issues or concerns. It offers a range of marketing resources and tools to help franchisees establish and grow their business, making it suitable for those just starting.
To run your Pillar to Post franchise, you must pay an initial fee of $28,500. The estimated total investment cost ranges between $44,285 to $54,435.
7. Mosquito Joe
A fast-growing franchise, Mosquito Joe offers mosquito control services to residential and commercial customers. With the rise of mosquito-borne illnesses like Zika, West Nile virus, and dengue fever, the demand for effective mosquito control services has never been higher.
Mosquito Joe is a great franchise opportunity for first-time business owners because of its low-overhead model, home-based business structure, and flexibility in choosing your schedule.
The initial investment required to start a Mosquito Joe franchise ranges from $109,700 to $148,700, with an initial franchise fee of $42,500.
8. ProLift Garage Doors
Specializing in garage door repairs, ProLift Garage Doors franchisees provide services such as garage door repair, garage door opener repair, garage door installation, and garage door opener installation. The company will give you access to various resources and support services to help you operate your businesses successfully.
To become a franchisee, you must possess a minimum liquid capital of $50,000 and a net worth of at least $200,000. The total investment required for a ProLift Garage Doors franchise ranges from $108,000 to $147,500.
9. Maid Right
With a low initial investment, a proven business system, training and support, and an established brand name, Maid Right is ideal for first-time business owners. As a franchisee, you would operate a local cleaning business, providing house cleaning, office cleaning, and other related services.
The initial investment for a Maid Right franchise ranges from $103,600 to $147,500, which includes a franchise fee of $65,000. This includes various expenses such as training, equipment, insurance, and other costs associated with starting a cleaning business.
10. Junk King
A junk removal franchise, Junk King was founded in 2005 and has since grown to over 100 locations across the United States and Canada. As a franchisee, you’ll provide services, including removing appliances, furniture, construction debris, yard waste, and other unwanted items. The company uses large trucks to haul away junk and ensures that all items are disposed of in an environmentally-friendly manner.
To operate this franchise, you must make an estimated total investment of $89,850 to $175,440. You also have to pay the initial franchise fee of $54,000 to $78,000.
Final Thoughts
Starting a franchise can be an excellent option for first-time business owners looking for a proven business model with a higher chance of success. The ten franchises listed with their successful records are just a few examples of the many opportunities available.
However, it’s essential to do your due diligence and thoroughly research each franchise opportunity to ensure it aligns with your interests, goals, and budget. With the right franchise, dedication, and hard work, first-time business owners can achieve their entrepreneurial dreams and build thriving businesses.