Many people get discouraged because they think they have to have hundreds of thousands of dollars to open their own business. The fact of the matter is you can find terrific franchise opportunities at about any price.
In our last article, we went over the best franchise opportunities under $50,000. In this article, we'll cover the best ones under $100,000.
Let's dive in!
MaidPro
Min. Investment: $57,560
MaidPro allows you to offer your customers a product that's always in demand—cleaning services. With this terrific franchise opportunity, you'll enjoy steady, recurring revenue, no wasted inventory, and free nights and weekends to do whatever you want.
They like to consider themselves a franchisee-friendly company, and it's easy to see why. MaidPro dispenses with most of the little rules that can hinder the entrepreneurial spirit. For example, many franchises demand that franchisees spend a set amount on marketing each month. MaidPro makes no such demands.
As a franchisee, you'll be given access to MaidPro University. This is an exceptional program that will help you train your staff so they're consummate professionals.
Chem-Dry
Min. Investment: $67,645
Carpet cleaning is experiencing a historic growth of approximately 3% annually and was expected to exceed $5.5 billion in 2020. Clearly, there's a ton of money to be made in carpet cleaning, and Chem-Dry has a proven track record of success.
When you own a Chem-Dry franchise, you'll be harnessing the extraordinary marketing power of the planet's biggest carpet cleaning franchise. Chem-Dry's unique Hot Carbonating Extraction cleaning process uses 80% less water than other cleaning services.
Even though they use less water, their proprietary process quickly gets rid of dust, dirt, oils, and allergens from carpets.
Chem-Dry is a great way to hop into the franchise game without losing your shirt. They've been in business for over 40 years, so their longevity as a business is all but assured.
Weed Man
Min. Investment: $69,490
Lawn Care is a multibillion-dollar a year industry with no signs of slowing down. Therefore, if one of your passions is making a yard thrive like never before, you might want to consider buying a Weed Man franchise.
As a Weed Man franchisee, you'll have exclusive rights to the territory you buy. This means you'll never have to compete with other franchise owners for customers.
They're proud of the superior marketing systems they've created for their franchise owners. Every element of this cutting-edge system is rigorously tested before being implemented, giving you a set of advanced tools that practically guarantees your success.
Tutor Doctor
Min. Investment: $73,295
In the COVID-19 era, remote learning is a hot commodity. As a Tutor Doctor franchisee, you'll connect qualified tutors with students to assist them in meeting their educational objectives.
By helping learners acquire knowledge in a way that's consistent with their own learning style, you can make a huge difference in their lives.
So, not only can this franchise opportunity be lucrative, but it also can be intensely rewarding. What's more, you'll enjoy other perks, including working from home with a remote team, setting your own schedule, and insanely low overhead.
Kumon Math & Reading Centers
Min. Investment: $74,428
If you have a burning passion for helping students succeed beyond their wildest dreams, a Kumon franchise might be right for you.
Kumon has consistently been rated the number one tutoring franchise in America by Entrepreneur magazine. Their franchise fee is a mere one thousand dollars, making it one of the lowest in the industry.
As a franchisee, you'll be the beneficiary of intensive training and support, so you'll be ready to assume ownership on day one. With more than four million students successfully helped over six decades, this is one business model that has stood the test of time.
Matco Tools Corporation
Min. Investment: $78,082
If you've ever dreamed of being your own boss, a Matco Tools franchise might be right up your alley.
Matco Tools provides professional mechanics and auto enthusiasts with quality tools. These tools are offered for sale through an extensive network of over 1,700 franchisees.
Matco distributors come right to a mechanic's shop. This saves them the hassle of going online or to a big box store whenever they need to buy a tool.
As an independent business owner, you'll set your own hours and grow your business any way you see fit. The company offers a top-notch training course that requires zero tool or automotive experience.
CPR Cell Phone Repair
Min. Investment: $78,150
CPR Cell Phone Repair is the country's biggest and oldest mobile repair franchise.
They must be doing something right because they have over 800 stores in 18 countries. The company offers quick and inexpensive cell phone, laptop, game console, and tablet repair.
Every new franchisee is enrolled in CPR University, their world-class training program for franchise owners and the technicians they employ. Here, franchisees learn everything there is to know about running a successful repair business. Technicians learn how to do repairs.
After training, an area representative will even visit your store to help set it up.
911 Restoration
Min. Investment: $79,600
911 Restoration is in the water damage restoration business, a recession-proof industry valued at over $210 billion. The company began as a small carpet cleaning business that was taken over by two of its employees, who helped the business achieve unprecedented success.
Their mission is to clean up horrible messes for homeowners after disasters such as fires and floods. Services include mold removal, fire and smoke remediation, and sewage cleanup.
With business growing rapidly throughout the United States and Canada, there's never been a better time to become a franchisee. 911 Restoration has a profit model based on high margins, high revenue, and high customer transactions.
This ensures you'll make the maximum amount of money as a franchise owner.
Merry Maids
Min. Investment: $93,616
Merry Maids is one of the biggest residential cleaning franchises in the country and has over four decades of experience providing premium home cleaning services.
When you become a franchise owner, you'll be your boss while supported by a nationally recognized brand. They offer marketing, technical, and operational support to ensure that your home cleaning business is a resounding success.
They've also developed their own proprietary cleaning systems, which means you can offer your customers something unique. There's lots of lucrative potential in becoming a Merry Maid franchisee, with their top earners achieving average annual gross sales of $2 million.
HomeVestors of North America
Min. Investment: $96,000
HomeVestors of North America allows house sellers to forgo the anxiety-ridden and highly uncertain path of selling their homes the conventional way.
Since 1996, their franchisees have purchased over 10,000 homes, so they're in it for the long haul. For eight years running, HomeVestors has distinguished itself by winning a Franchise Satisfaction Award.
This is an honor bestowed by Franchise Business Review, a market research firm. If you have a passion for real estate, this might be the perfect franchising opportunity for you.
Every franchisee receives comprehensive training before they embark on their entrepreneurial adventure. During the weeklong course, you'll learn the meat and potatoes of buying, renovating, and selling homes.
You'll continue to get training during the entire lifespan of your business, so you'll always be adding more skills to your professional toolbox.
Hundreds of Options
Although these 10 businesses are our picks for the top 10 franchises under $100,000, there are a dizzying array of opportunities available for this and other price ranges.
If you want to compare all your options, use our handy Franchise123 tool. Take it for a test drive today!
