12 Best Franchises Under 100k That Are Profiting in 2024
Michael Nicholas / Franchising / November 13, 2023
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.
This article dives into the world of affordable franchise opportunities. Discover what makes a franchise great and explore our handpicked selection of top franchises under 100K for you to launch this year.
Starting a franchise under 100k presents a unique opportunity for aspiring entrepreneurs. With a lower financial entry barrier, these options offer a pathway to business ownership without the need for substantial upfront capital or excessive debt. This affordability not only reduces financial risk but also accelerates the potential for a quicker return on investment.
Despite their lower cost, these franchises come with a proven business model that potential franchise owners are looking for. Franchises for 100K or less still have established track records of success and offer valuable support and training to ensure franchisees thrive. This means you can step into a business with a tested blueprint, benefiting from the experience and expertise of the franchisor, without the need for a massive investment. It’s a practical choice that combines affordability with the benefit of a strong foundation.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
The pet industry is thriving in the United States, with a staggering 85 million pet households with 95% of pet owners considering their beloved companions a part of the family. In 2022 alone, $137 billion was spent within the pet industry. Woof Gang Bakery & Grooming, a pet services franchise under 100K, sees annual sales reaching $703K and yearly profits hitting $100K, allowing you to get a slice of the pie.
With the franchise already spanning more than 280 locations across 25 states, Woof Gang has proven to be a top-tier grooming experience and unique retail venture. Aspiring entrepreneurs looking to combine their passion for pets with their desire to own their own businesses will receive comprehensive support, including assistance with site selection, lease negotiation, store design and construction, vendor sourcing, staffing support, and employee training from the franchisor.
With increasingly busy lifestyles, homeowners are seeking reliable and efficient cleaning solutions. In this thriving industry, home cleaning franchises have found their niche by providing convenience, cleanliness, and peace of mind to clients who want to maintain a tidy and organized living space.
Molly Maid offers a unique opportunity in this niche, delivering work-life balance with family-friendly hours, ongoing training and support, and a reputation for excellence that attracts repeat customers. With a scalable model and a track record of long-term success, Molly Maid stands out as a top franchise for those seeking success with a franchise for under 100K.
In the massive $84 billion beauty industry, looking and feeling beautiful has become more accessible than ever. One of the latest trends in beauty regimens for women worldwide is semi-permanent eyelash extensions. Amazing Lash Studio has emerged as a trailblazer in this beauty category, offering various unique styles that cater to diverse preferences.
For those seeking franchises for 100k, Amazing Lash Studio has secured its spot as a leader in the beauty industry with over 220 successful locations. What sets Amazing Lash Studio apart is its ability to deliver recurring revenue through memberships and a spa-like setting. The brand’s Lash Stylist training program ensures high standards of quality, making it a compelling choice for entrepreneurs looking to invest in a thriving beauty franchise. Despite its impressive reach, there are still many markets available.
With consumers increasingly seeking healthier and more convenient dining options, the fast-casual industry has witnessed a surge in demand for nutritious meals. Nautical Bowls addresses this trend by offering açai bowls brimming with superfoods, essential nutrients, and organic ingredients — all prepared in under two minutes.
Entrepreneurs looking for an affordable and profitable franchise opportunity will appreciate Nautical Bowls. While restaurants typically require higher investments, Nautical Bowls offers a remarkable opportunity with an initial down payment of $100k. The franchise boasts streamlined operations, efficient real estate options, and minimal staffing requirements, making it an accessible venture. This unique franchise for 100K allows you to enter a thriving industry for less than the industry average.
As we’ve seen, there are many great franchises under 100k you can start this year. 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.
