You might think it will take hundreds of thousands of dollars to own your own business, but that’s not the case. You can find a great franchise for just about any budget.
Previously, we covered the best options for people with budgets under $10,000. For those of you with a little bit higher budget, here are the best franchises under $20,000.
Pro One Janitorial
Min. Investment: $10,050
Demand for cleaning services is vast, and the COVID-19 pandemic has only increased that demand. With Pro One Janitorial, you get a low barrier to entry with the potential to make some great earnings.
The franchise fee with Pro One will get you training, necessary supplies and equipment, and some accounts for you to take over.
Pro-One covers commercial office spaces, industrial spaces, medical facilities, and education facilities. The company also uses green chemicals to reduce its environmental impact.
Dr. DecknFence
Min. Investment: $10,100
This outdoor refinishing company brings new life to wood fences, decks, stairs, and furniture. Dr. DecknFence offers green solutions to power wash wood tarnished by the elements and makes it look new.
This service came about as a partner to Mr. Sandless, which focuses on indoor wood flooring. The creator of Mr. Sandless decided to try out the solution on his deck, and the results were so good he decided he had to take his services to the public.
Jani-King
Min. Investment: $11,776
Another cleaning franchise option well below $20,000, Jani-King offers a wide variety of investment plans. By signing with Jani-King, you get immediate training, support, and brand recognition.
If sales aren’t your thing, this is a solid option for you. Franchisees can partner with the regional office to get new business. The corporate headquarters also helps sign specialty accounts at hospitals, hotels, stadiums, and more.
Computer Troubleshooters
Min. Investment: $12,200
The need for IT services isn’t going anywhere. Computer Troubleshooters is an international network with more than 150 locations around the world. The company has been around since 1999, and it keeps up with advancements by working closely with franchisees to ensure they’re educated on the latest technology.
Computer Troubleshooters franchisees operate in both residential and commercial settings. The company’s size allows it to develop great relationships with vendors and helps franchisees maximize profits.
NextHome
Min Investment: $14,750
NextHome is a real estate franchise that changes the broker partnership model. The company says it uses consumer-focused branding, technology, and marketing.
The focus here is bringing the real estate business into the new age. They let consumers guide them and test new ideas to help brokers remain relevant in today’s digital world.
Coverall
Min. Investment: $16,519
For another excellent cleaning service franchise option in this price range, Coverall offers a turnkey system that can help you succeed even if you have no prior experience in the industry.
Coverall uses health-based cleaning protocols to create the cleanest and safest workplaces for all of its commercial clients. The company’s cleaning processes are based on CDC and AORN recommendations for cleaning and disinfecting.
Coverall is another great option for those who aren’t as comfortable or confident with sales. Becoming a franchisee with Coverall will get you an initial customer base included in the deal. They also offer franchisee discounts for military members and veterans.
The BrickKicker
Min. Investment: $16,750
The BrickKicker is a home inspection company that has been in operation since 1989 and franchising since 1996. The company created a unique curriculum to ensure all of its franchisees are thoroughly trained and equipped to give customers the best inspection possible.
You’ll have immediate access to an entire network of professionals in the home inspection industry. That includes experienced inspectors and all of the sales and marketing support you may need.
Pacific Lawn Sprinklers
Min. Investment: $16,800
This irrigation company is a great opportunity to start your own business or grow one you already own. Pacific Lawn Sprinklers uses a highly efficient model for routing technicians to the customers, making things easier on the franchisees and creating better service.
Besides lawn irrigation, Pacific Lawn Sprinklers has also expanded its services to offer exterior lighting, holiday lighting, and drainage solutions.
The Compound
Min. Investment: $17,250
What’s not to like about a fitness franchise opportunity with a low investment and the chance to make a difference in young people’s lives? The Compound is a gym that focuses specifically on youth athletes.
As a franchisee, you’ll be helping those young athletes develop their strength, speed, and athleticism using a variety of training techniques that include Cross-Fit, plyometrics, Olympic Lifts, and other speed and agility drills.
Superglass Windshield Repair
Min. Investment: $18,685
As long as cars have windshields, repair companies will be in demand. Superglass Windshield Repair is one of the best in the business. The company has locations in 40 states and several countries.
Franchising with Superglass will give you all the tools you need to succeed, including accounts for you to start servicing. A mobile service option (the majority of repair calls) helps keep overhead costs low.
Money Well Spent
These are our top 10 picks for this price range, but there are plenty of other franchises to choose from to stay under your 20k budget. Use the Franchise123 tool to compare all of your options. Have a little more to invest? Step up to our next price range of $20,000-$50,000 and see even more franchise opportunities to choose from.
