Article Submitted by Fit Small Business, written by Benilyn Formoso-Suralta
Starting a franchise doesn’t always require a large upfront investment. In fact, there are many franchise opportunities that have minimum investment amounts starting below $10,000. This article lists 21 of the best franchise opportunities under $10,000, including travel agencies, cleaning services, sports and fitness, food services, pharmacies, and more.
If you’re looking for ways to fund your franchise, you might be able to use a Rollover for Business Startups (ROBS). A ROBS lets you use your retirement savings to purchase a franchise without paying early withdrawal fees or penalties. If you have more than $50K in a qualified retirement account, you can talk to a ROBS expert at Guidant for more information.
We spoke with FranchiseGrade.com and got data on the top 21 franchises under $10K… to read the full article:
Coffee News is the world’s largest weekly restaurant publication. Their newspapers are distributed at restaurants, providing the customers with interesting content to read while waiting for their food. Coffee News requires a total upfront investment ranging from $9,750 to $10,750.
Bottom Line – Franchises Under $10K
There are a variety of franchises under $10K. However, the total investment may vary depending on other costs, such as rent and equipment. If you are in need of franchise financing, check out our franchise financing guide for more information.
However, if you have retirement funds in a qualifying retirement account, you can use a Rollover for Business Startups (ROBS) to finance your franchise. The best part is there’s no early withdrawal fees or penalties. If you have at least $50,000 of retirement funds, you can talk to our ROBS expert at Guidant for more information.
About the Author
Benilyn Formoso – Suralta
Benilyn Formoso-Suralta is a Finance Writer at Fit Small Business. She has 12 years experience in consumer banking, real estate sales, and foreign exchange. A bookworm, fitness enthusiast, and proud mom-of-two. She loves to read, write, go to the beach, do Yoga, stay fit, and spend quality time with her family.
Disclaimer: Reviews on FitSmallBusiness.com are the product of independent research by our writers, researchers, and editorial team. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.com’s editorial team. Banks, issuers, credit card companies, and other product & service providers are not responsible for any content posted on FitSmallBusiness.com. As such, they do not endorse or guarantee any posted comments or reviews.