5 franchises you can start for under $20,000

Inside Franchise Business mentioned Fox Mowing & Gardening in their recent article ‘5 Franchises You Can Start For Under $20,000″.

They wrote:

Got a business goal but a bank account that won’t foot the bill? Turns out starting your own business isn’t as expensive as you may think, provided you make the conscious decision to invest wisely and perform a thorough due diligence process.

Franchising allows new business owners to generate sales from day one, leveraging brand value and increasing the ability to traverse the often confusing entrepreneur landscape.

That value does come at a cost however, with franchisees paying initial investment costs and ongoing fees for use of a brand’s intellectual property, marketing material and support structures.

The costs can vary greatly from model to model, particularly among global and well-established brands, but scratch the surface and you’ll find some highly profitable business opportunities that don’t require a massive amount of capital.

Here are five franchises that you can start for under $20,000.

3. Fox Mowing
Outdoor landscaping and handyman business, Fox Mowing has taken a bite out of the Jim’s empire, building a healthy network of profitable franchisees, and there’s a reason why.

For an initial investment of $16,000, franchisees have access to the brand’s national and local area marketing and support structures.

While it is the responsibility of the franchisee to purchase the trailer and equipment needed to operate (approximately $9000), the Fox Mowing model promotes profitability in a number of other ways.

Unlike the majority of franchise models, Fox Mowing franchisees do not have to pay an ongoing royalty fee, opting instead for a flat $125 per week franchise fee.

One of the fastest growing franchise models in the mobile sector, Fox Mowing achieved a 20 percent unit growth in 2018, bringing the total number of units in the network to 125.

Read more at http://www.franchisebusiness.com.au/news/5-franchises-you-can-start-for-under-$20-000#F5ZhWptWxAeGoGly.99

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