Franchise business opportunities are one of the easiest ways for an individual to start a business without worrying about building a brand. Some franchisors may even provide training and equipment in their package, making it easy for anyone to start a business. If you're a business owner looking to expand your business through franchising, you can click here to learn more about the process.
Whether you're looking to start small or big, a franchise option is available. The real question you need to ask is which of these opportunities can profit you most.
Food Stall/Kiosk
Everybody needs to eat, making food kiosks an in-demand product to the franchise. Many people love food kiosks because they're fast and inexpensive, and the food tastes great.- Chester's Chicken - A renowned name in the food industry — and their chicken can attest to that reputation. Launched in 1952 and with franchises beginning in 2004, they now have stores in over 1000 locations. They require an initial investment of $12,000, and their franchise fee is $3,500. Here are some affordable food franchises you can start:
- Checkers and Rally's - These two are known for their tasty burgers. They have stores in over 800 locations, and 80% are franchises. They require an initial investment of at least $96,414, and their franchise fee is $30,000.
- Baskin-Robbins - If it's a dessert business you want, you can go for Baskin-Robbins. The company is known for its ice cream and sister company, Dunkin Donuts. They require an initial investment of at least $93,550, and their franchise fee is $25,000. They have global franchises, so brand name recognition is basically guaranteed.
Coffee Shop/Stands
Just like food, many people need their cup of coffee in the morning. For some, coffee, or liquid fuel, has been powering people up for centuries. Take care of all the grumpy morning people with these affordable coffee shop franchises:- Corner Bakery Cafe - This cafe offers prepared meals on the side. They require an initial investment of at least $10,00 and a 5% royalty fee. The company has been in business since 1991 and started offering it to franchisees in 2007.
- Cafe 2 U is a unique coffee shop that offers quality coffee on the go. Franchise owners will be selling from a Cafe2U van provided by the company. The trailer is equipped with everything you need to make good coffee. They require an initial investment of at least $10,900 and a $175 royalty fee per week.
Service And Vending machines
Some people would prefer businesses that can earn passively; this is where this business opportunity comes in. Service and vending machines are excellent for those who want to generate passive income. All you need to do is visit the device occasionally and do periodic maintenance. Here are some franchises available in this space:- Back Rubber Vending Machine - This business offers massage chair vending machines. They require an initial investment of at least $10,000. It's a business that can succeed — especially in high foot traffic areas like malls.
- United Vending Group - This vending machine opportunity is much like any other vending machine you know. Their devices carry chips, beverages, and even pastries. Their machines are also credit card ready which sets them apart from the competition. United Vending Group has been around for over 20 years and has a proven track record in the vending industry. They require an initial investment of at least $10,000.
- Alco-Buddy - A one-of-a-kind vending machine that offers to test your alcohol level. Drunk driving is a leading cause of death, and by installing these things in bars and pubs, you'll be doing people a favour. A single unit of their machine is $1,499
