20 Best Franchises Under 10K You Can Start in 2024

 

1. Affordable franchises 2024
2. Low-cost franchise opportunities
3. Best franchises under 10K
4. Top franchises for new entrepreneurs
5. Franchises with low initial investment
6. Budget-friendly franchises
7. Profitable franchises under 10K
8. Franchise business ideas 2024
9. Start a franchise with 10K
10. Best low-cost franchises
11. Franchise opportunities for beginners
12. Top affordable franchises
13. Franchise business under 10K
14. Low investment franchises 2024
15. Best franchises for small budgets
16. Franchise opportunities for under 10K
17. Affordable business franchises
18. Top 20 franchises under 10K
19. Best franchises to start in 2024
20. Low-cost business opportunities

When you open a franchise, you’re following a proven model of success. It’s one way to take some of the risk out of starting a new business.

However, the initial start-up costs of many franchises can put them out of reach.

If you want to open a branch of the famous golden arches, you’ll need to be able to invest one to two million, for example.

Fortunately, there are many successful franchising opportunities that won’t break the bank.

These tried-and-true models are perfect for first-time franchisees or those seeking a low-cost entry point into the world of business.

From proven concepts to emerging trends, we’ve got you covered with a diverse selection of franchises under 10K to help you find your ideal fit.

Benefits of Starting a Franchise under 10K

For small business owners, there are significant benefits to choosing a franchise opportunity with a low initial franchise fee, including the following:

Quicker Return on Investment

Since the initial costs are lower, the chances of reaching your break-even point and realizing an ROI are much quicker. For example, a $5,000 franchise that generates $1,000 in monthly profit will reach its break-even point in just five months. A $50,000 franchise would need 50 months to achieve the same milestone.

Lower Risk

A lower initial investment also translates to reduced financial risk. In the unlikely event that your franchise doesn’t perform as expected, your potential losses are limited. This reduced risk can make it easier for first-time entrepreneurs to plunge into business ownership.

Easier Financing

If you have limited or bad credit, it may be easier to get a loan for less than $10,000. You may be able to use your savings or borrow from friends and family instead of applying for a loan. 

Agility and Adaptability

Smaller franchises often have a simpler business model, so they can adapt when they need to. For example, a low-cost, home-based tutoring franchise can quickly pivot to online sessions if students prefer.

Greater Personal Involvement

With a lower investment, franchisees will likely be more hands-on and involved in day-to-day operations. Being more involved in running your business can help you make better decisions. 

Franchises to Start Under 10K

Take a look at the following franchises you can start for under 10K to get a better idea of the opportunities that are available to you. Before you commit yourself, always do thorough research to calculate the real franchise cost beyond the initial investment. This includes checking out franchise fees and ongoing royalty payments to make sure you can manage your finances while building your business.

1. Buildingstars Commercial Cleaning

Buildingstars is one of the affordable franchises you can start for under 10K in the popular commercial cleaning sector. This franchise has different options available. For example, you can choose to do the cleaning yourself to keep initial investment low or you can invest more money in the franchise and employ people, building up a cleaning team. The commercial cleaning sector is also popular for veteran friendly franchises, so it is worth researching different companies.

Costs and Growth Potential

A Buildingstars investment starts as low as $795. Or look out for an eco-friendly franchise in the commercial cleaning sector. Industry reports reveal that a green cleaning business is one of the sectors that is showing strong growth. Since the COVID-19 crisis, the cleaning and sanitizing of public buildings has also seen a huge increase in demand.

2. Paint Bull Mobile Automotive Restoration Franchise

How about a mobile automotive restoration franchise? If you love cars, a Paint Bull mobile automotive restoration business could be yours for under 10K. Paint Bull offers franchisees an auto body repair turnkey business. It provides training in the latest car restoration techniques, including paint repairs and interior car repairs.

As this is a mobile business, you don’t have the overheads of a traditional on-site body shop. You might also want to consider a low investment business in the car wash industry. This too has the potential to make you a lot of money. You could combine mobile auto detailing with your auto restoration work. Look at DetailXPerts franchise cost as a smart investment.

Costs and Growth Potential

Training programs start from just under 10K. To help keep your costs down, there are no franchise fees or ongoing royalties. Statistics show that motorists in the US are now keeping their vehicles for longer. The average age of vehicles on the road is 11 years. This trend drives demand for vehicle maintenance, providing lots of opportunities for an automotive repair business.

3. Momleta – Fitness Franchises You Can Start for Under 10K

Momleta  is an affordable family business in the fitness industry that has the potential to do very well. Many of the other sports franchises are not franchises you can start for under 10K. They require a substantial initial investment. For example, you need around $1 million initial investment to get a Planet Fit franchise up and running. However, a Momleta franchise is available for a fraction of this cost, see below. As a franchisee, you can run fitness classes for moms and help to promote healthy lifestyles within your local community.

Costs and Growth Potential

Start your own Momleta franchise for as little as $5000. There are 3 different franchise tiers available ranging from $5,000 to $8,000 to get you started. You can also offer Momleta live online classes and on-demand classes to take advantage of the digital fitness trend.

4. Eazi Apps Is One of the Tech Franchises to Start Under 10K

Franchises you can start for under 10K include Eazi Apps. It is a mobile app franchise that requires a minimum investment of 10K. The great thing about this computer franchise business is that no coding skills are required. The franchisor provides all the training and tech support to help you launch your own profitable mobile app business. The training includes learning how to build apps that you can then sell to local businesses, such as restaurants, beauty salons and schools.

Costs and Growth Potential

Eazi Apps investment starts from $9,995. The mobile app industry is booming. Research shows that US adults spend nearly 90% of their mobile internet time on apps. Global mobile data traffic is estimated to grow by a factor of 4.5 to reach 226EB per month in 2026.

5. Winzer Retail and Supplies Franchise

You could invest in Winzer. It is another one of the franchises you can start for under 10K. As a franchisee, you will be selling fasteners, tools and supplies to customers in the automotive marketplace. There is a great deal of flexibility with this business model. You can choose from over 650 product categories, or source your own products, to become a specialist maintenance, repair and operations supplier.

Costs and Growth Potential

Winzer investment starts from $5,950. According to industry growth trends, the maintenance repair operations (MRO) industry is predicted to grow at a CAGR of 2.2% during the period 2020-2025. If the automotive market interests you, why not research costs to start a car wash? You might find your calling in a car wash franchise, even if it does mean investing more than 10K.

6. N2 Publishing Is a Low-Cost Franchise

Looking for franchises to start under 10K in publishing? You could launch your own publication business. Buy an N2 Publishing franchise and become a part of the neighborhood magazine publishing community. It is an ideal opportunity if you want a flexible schedule and the opportunity to work from home. You can save money on the overheads associated with a physical storefront or an office.

N2 Publishing initial investment ranges from $975 – $5,650. The company has also waived its franchise fee to help strengthen its reputation as a low-cost franchise. If you want to keep your spending well within the 10K mark, there are franchise opportunities under 5K also worth exploring.

7. Franchises to Start Under 10K Include Advisory Capital Brokerage

Are there financial services franchises you can start for under 10K? Yes, there are. Advisory Capital Brokerage offers commercial loan broker training to help you start your own business within the 10K budget. No experience is required because training will be provided. Ongoing costs are low because you can work from home. Once you get your training under your belt, you can start to generate leads in commercial finance. The franchisor helps with processing loans. If the loan is approved for your client, you’ll receive a commission.

Costs and Growth Potential

Advisory Capital Brokerage investment starts from $9,995. You also keep 100% of your commission. Commercial banking market size in the US is $666 billion. The US Small Business Administration (SBA) announced it achieved historic small business lending for the fiscal year 2020 with nearly nine million SBA loans worth $750 billion.

Conclusion

If you are interested in a low-cost franchise and a high-reward business, there are plenty of opportunities to explore in more detail. Many of the franchises you can start for under 10K also offer flexible schedules and work-from-home opportunities. In addition to healthy profits, you can also achieve a better work-life balance. Be open to exploring franchises above the 10K mark too. This will give you a clearer perspective of what is out there.

It makes good sense to partner with a franchisor who will guide and support you on your new career path as a business owner. If this means paying a little more than you initially planned, it may be a worthwhile investment in the long term. For example, check out the DetailXPerts affordable home-based franchise opportunity. Even though you can’t join for less than 10K, it is still considered a low-cost venture in comparison to many of the other franchises that require a considerable initial investment.