Franchises attract small business owners because the parent company guides them with almost everything they need to run the business. It includes the business model, training, branding, and marketing. In addition, the franchisee benefits from the support network of the franchisor. Read on as we discuss the most profitable franchises under 20K to help you get started on the road toward entrepreneurship.
1. Dream Vacations
Start a travel agency franchise with a minimal investment cost. Dream Vacations gives you the freedom to run your own home-based travel business. They offer low-cost franchises minus the inventory. You can start a travel franchise from them for as low as $3,500 and access training, marketing materials, and a reservation system to help you operate your business in the comfort of your home.
2. GetintheLoop Local
GetintheLoop Local is among the top franchises under 20K that offers a digital franchise opportunity for those who are into sales and marketing. The company helps empower entrepreneurs to use the GetintheLoop platform. The platform helps local businesses increase their revenue through robust mobile marketing.
3. Jani King
Jani King was established in the 1960s as a comprehensive janitorial and commercial cleaning service provider. They have 10,000 franchises that provide excellent services to clients. You can immediately buy a Jani King franchise for as low as $3,000 and start your own janitorial and commercial cleaning business.
4. Snaggle Foot
If you’re looking for a scalable pet care business with a high potential for success, Snaggle Foot may be the right franchise for you. The company helps pet parents with a complete package of pet care and home services, including pet sitting, pet taxi services, backyard cleaning, house-sitting, and in-home pet boarding. Plus, the company offers online scheduling via a mobile app. The Snaggle Foot franchise startup costs $12,000, making it a highly affordable franchise opportunity.
5. Starscapes
With no franchise fees plus everything you need to start your business, this franchise opportunity could be a great option. Starscapes is a home decor and night sky painting service specializing in custom murals for nurseries, children’s rooms, and master bedrooms. The company offers an excellent opportunity for those with artistic talent and an entrepreneurial spirit.
For only a $1,995 startup cost, Starscapes is one of the cheapest franchises under 20K on our list. TSS doesn’t charge a royalty fee, either. Instead, they earn revenue from markups on printing and products. That means you get to hold on to more of what you make.
6. TSS Photography
With an initial investment of $10,500, photography enthusiasts can get training and assistance with business development and daily operations. TSS Photography has built a strong reputation as a go-to provider of youth and sports events and high school senior photography services. Another good news is that the company doesn’t charge royalty fees, allowing you to earn more from your services.
7. ClaimTek
If you’re geared into a business opportunity that combines health care and technology, ClaimTek Systems is a fantastic choice. ClaimTek provides medical billing and practice management software to healthcare providers. Franchisees only need initial costs of only $15,000, most of which are proprietary software and HIPAA-compliant tools. The company also provides options for 1-3 years of support on billing marketing and software and an excellent training program.
8. Blue World Voyagers Cruise Planners
Blue World Voyages offers luxury cruise vacations for families and couples in the Caribbean, Mediterranean, and other international destinations. Getting started as a cruise planner for Blue World costs $10,995. That price covers home office support, insurance, and a six-day training course.
9. Image One Facility Solutions
Image One is a unique opportunity offering various services, including janitorial, commercial windows, and power washing. Franchisees get access to business systems and training in proper commercial cleaning techniques, equipment cleaning supplies, billing and paperwork, and so on for only $15,000 and ongoing support from their corporate team. It’s an ideal choice for entrepreneurs who want to enter the industry with a famous brand name.
10. BrickKicker Home Inspection Service
The Home Building Institute (HBI), established by Len Franckowiak, formally taught the ins and outs of building homes. One of the courses at HBI was Old House Rehab, which introduced the art of inspecting and analyzing older houses. After that, he started BrickKicker in 1992 to provide opportunities to make money in the real estate market.
Franchisees providing home inspection services through BrickKicker can expect to make a total investment of $14,150 – $32,950. Note: If you’re a veteran, you can get $2,000 to $4,000 of their franchise fee.
Conclusion
The top 10 franchises under 20K focus on commercial cleaning and janitorial services, travel planners, photography services, and more. They all offer a chance for individuals to become business owners. As with any business endeavor, it’s important to research, carefully consider the costs and potential earnings, and choose a franchise that aligns with your skills and interests.