4 home franchises under $50k
Handy around the home? If you’re domestically adept, you might find franchising a profitable path to entrepreneurship.
Businesses that provide cleaning, building and maintenance services have become staple figures in the franchise sector, with franchisees enjoying a stable income and a secure platform.
However, it takes more than just an established brand to ensure franchisees find success. Some well-known franchise opportunities carry a price tag to match.
For the eagle-eyed entrepreneur, a reduced investment cost will provide you with the best chance at generating a quick return.
If you aren’t afraid to get your hands dirty, take a look at these four home franchises under $50k.
For just $45,000 prospective franchisees can buy into the booming home renovation sector with Bathroom Werx.
The heritage franchise business has been operating for close to 34 years, offering the opportunity for home handymen with a passion for renovation to get into business for themselves.
Speaking with Inside Franchise Business last year, CEO George Yammouni said the business was in the midst of a massive growth period, even after three decades years of operation.
“We have seen the number of bathrooms out there continually increase each year since we first started in 1986. The explosion in apartment buildings all over Australia has been massive as well as the enormous growth of hotel rooms and holiday resorts.”
The brand also offers online support, a call centre and a four-week training course to help new franchisees get starting strongly.
Melbourne-owned franchise, Elm Cleaning is one of the most affordable home services franchises on the market.
With an investment level of just $28,500 plus GST, entrepreneurs with limited access to finance are granted the opportunity become their own boss for a fraction of the cost of an independent operation.
Elm Cleaning has created a set of structures and processes, backed by the brand’s ongoing support systems to help new franchisees.
Since launching in 2012, tile restoration franchise GroutPro has helped home owners save thousands by not having to retile their bathrooms, kitchens or living rooms.
The proven system allows prospective franchisees to become their own boss for just $49, 950 plus van, just sliding into the home franchises under $50k category.
In addition to a low-investment model GroutPro also offers an extensive training program, meaning that no industry experience is necessary. As a result, there is a mix of handymen and women taking up the opportunity.
With over 30 years of experience in the franchise sector, heritage operator Wet-Seal has built a network of successful franchisees and business owners.
The investment cost is $25,000 plus GST, easily falling into the home franchises under $50k benchmark.
All territories are exclusive, with Wet Seal providing ongoing franchisee support in the form of industry-specific supplier agreements, a call centre, national conference and online support.
Home franchises under $50k
Finding a low-investment franchise opportunity is not only great for kick-starting your entrepreneurial goals, it’s pivotal to ensuring your profitability.
The lower your initial investment, the less profit you have to make to generate a strong return. However, it is important that you remember, investment costs are not the only costs involved in operating a franchise.
Get to know your working capital, marketing levy fees and royalty fees before you sign anything.