You CAN buy a budget retail franchise. Clever retailers are finding savvy ways to keep costs down so franchise buyers can invest without breaking the bank.

Avoid high rents in premium shopping centres, and snap up an alternative option that will allow you to utilise and develop your sales skills.

Smaller footprint outlets are increasingly common in retail, with pop-up outlets and mini food venues putting business ownership in the hands of more Australians.

Here are three franchise chains who have a strong trading history, and are priced at the affordable end of the retail spectrum –  you won’t need half a million dollars to gain the benefits of their rich retailing knowledge and high brand recall.

Retail for $150,000

Andersens

Boasting high levels of customers satisfaction, the Andersens floor coverings store chain numbers more than 45 outlets. The business has been honed from more than 60 years trading and four decades of franchising.

Franchise buyers can expect to invest up to $150,000, with franchise fee site dependent.

Franchisees undergo an extensive four week training program, with ongoing support, which sets them up for the 10 year-term.

Tobacco Station Group

Franchising two years after launching the business in 1994 Tobacco Station Group has more than 470 units across the country, selling retail tobacco and associated giftware.

When franchisees buy into the business, they undergo a comprehensive retailer training program, and benefit from further ongoing support.

The group has invested heavily in business systems, including a customised industry-specific POS system.

Capital investment is $150,000.

Retail for $100,000

Snap-on Tools

An entry price of $50,000 will get you started, thanks to a privately funded credit program. This mobile franchise operation is delivering world class tools and equipment to mechanics, technicians and engineers countrywide.

There’s no experience required – just a passion for good customer service and all things mechanical.

Snap-on Tools is a territory-based business that has 180 franchisees operating across the country. And it’s backed by ongoing research and development in the US.