Finding a Low Cost Cheap franchise can be difficult for entrepreneurs planning to enter the world of entrepreneurship with limited investment.
Before I get down to listing a few low-cost franchise opportunities, let me ask you a question ‘What is the definition of a low-cost franchise for you?’
Is it franchises under 5k AUD or 10K AUD, or 100KAUD?
Well! I know it’s tricky, but here is something you must know: Franchises are expensive.
Our research shows that an average franchise cost could be around the 100K AUD mark’.
Having said that, I dug out a few franchises you can get for around the 10K AUD initial investment.
Again, they are not big franchise brands but small, affordable non-fancy business ideas where the franchisors want to grow along with you, and this is why they have kept the initial investment as low as possible.
In the Article (Quick Access)
Buying a Vending Machine
As per Bentleigh Vending Machines, – A refrigerated vending machine costs around $8,000-$11,000. The refrigeration unit can increase the price of a vending machine by $2,000.
This could be a good business if you have tie-ups with commercial places like malls, movie halls, or even a doctor’s clinic.
In Australia, several well-known vending machine companies offer franchise opportunities.
Here are a few notable ones:
a. SVA Vending:
SVA Vending is a prominent vending machine company in Australia.
They provide a range of vending machines, including snack vending machines, drink vending machines, and combination vending machines.
Smart Vending Machines is Australia’s leading vending machine supplier and franchise provider.
They specialise in intelligent vending machines that incorporate technology such as touchscreens and cashless payment systems.
Smart Vending Machines offers franchisees a variety of vending options, including snacks, drinks, coffee, and healthy vending machines.
Vending@Work is a well-established vending machine company that focuses on providing vending services to workplaces across Australia.
They offer a range of vending machines and products, including snacks, beverages, fresh food, and healthy options.
Vending@Work provides franchisees with training, ongoing support, and access to their proprietary software for inventory management.
Provender is a national vending machine company that has been operating in Australia for over 25 years.
They offer various vending machines, including snack, drink, and combination machines.
Provender franchisees benefit from comprehensive training, marketing support, and a dedicated franchise support team.
Lawn Mowing and Gardening
Quite a few lawn mowing and gardening franchises offer low-cost startup options, such as Fox Mowing & Gardening, Jim’s Gardening, etc.
I could not get info on every one of them, but Fox Mowing & Gardening offers a franchise package starting from $16000 with finance options to start from as low as $ 6000.(Source: foxmovingvic)
A mobile coffee franchise typically involves operating a coffee business on wheels, allowing you to bring your coffee services to different locations such as events, office complexes, parks, and more.
These businesses provide convenience and flexibility to customers by bringing quality coffee and related products directly to them.
Some popular mobile coffee franchise options in Australia include Café2U, Xpresso Mobile Café, and The Coffee Guy.
The franchise costs for mobile coffee businesses can vary depending on the brand, location, and included equipment.
Mobile coffee franchises like Xpresso Delight offer low-cost startup packages starting from AUD 8,800.
Affordable Education Franchises
There are several affordable education franchises (online and offline) opportunities available. These franchises typically offer courses, tutoring services, educational software, or platforms that facilitate e-learning.
Here are a few examples:
Algorithmics offers children coding and robotics education programs and their initial investment is again around the $ 5000 mark. (source: Algorithmics)
b. Kumon Franchise:
You can start the Kumon Franchise for as low as $ 5000 + 4 to 30k AUD (initial investment) (source: Kumon)
Steps To find A Low Cost Investment Franchise:
1. Research and define your budget:
Determine the maximum amount of money you will invest in a franchise.
This will help you narrow your options and focus on franchises that fit within your financial capacity.
2. Explore franchise directories:
Some several online directories and platforms provide comprehensive lists of franchises (our franchise directory being one of them : ))
3. Attend franchise expos and trade shows: These events bring franchisors from various industries and investment levels together.
4. Consult with franchise consultants and brokers:
Franchise consultants and brokers have in-depth knowledge of the franchise industry and can guide you through finding a suitable low-cost franchise.
They can help you identify options that align with your budget and provide insights into the franchise’s profitability and success rate.
5. Research franchise opportunities thoroughly:
Once you have identified a few franchises that fit your budget, research them thoroughly.
Review their franchise disclosure documents (FDDs), which provide detailed information about the franchise’s financials, costs, obligations, and support.
Evaluate the franchise’s track record, success stories, and existing franchisees’ experiences.
6. Consider non-traditional or home-based franchises:
Some franchises offer non-traditional models or can be operated from home, requiring lower overhead costs.
These can be more affordable options compared to brick-and-mortar franchises.
Examples include mobile businesses, online retail, tutoring services, and home-based service providers.
Remember, while finding a low-cost franchise is important, assessing the franchise’s viability, market demand, and passion for the business is equally crucial.
Conduct thorough due diligence and select a franchise that aligns with your goals and strengths.
I hope you find the next perfect low-cost franchise opportunity to kick-start your business.