FBR-Low-Cost-Franchises-2017

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SPECIAL REPORT: Top Low-Cost Franchises High Quality Franchise Brands You Can Afford When you think of franchises, what brands come to mind? McDonald’s, The UPS Store, Subway, Planet Fitness? These omnipresent franchises require a high investment, but thankfully there are hundreds of concepts that cost far less to get started. The 80 brands that made this year’s Top Low-Cost Franchises list (see page 6) all have a minimum investment of under $100,000. To identify them, we looked at franchisee satisfaction survey data from 13,000 franchisees representing 123 brands that we collected between October 2015 and April 2017. Only brands whose franchisees ranked them highly made the cut. Several share their full franchise satisfaction survey results within the Franchise Reviews section of FranchiseBusinessReview.com. The results reveal what franchisees think about areas that are crucial to their brand’s success such as training and support, operations, franchisee-franchisor relations, financial performance, and overall business satisfaction. Starting your franchise research with franchisee approved brands, helps to increase your chance of success. You’ll notice as you review the list of Top Low-Cost Franchises on page 6 of this report, that there is one for every budget and interest. The 80 brands that made this year’s Top Low-Cost Franchises list (see page 6) all have a minimum investment of under $100,000. Informed franchising is happy franchising, Emma Pearson, Editorial Director Franchise Business Review is the leading national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. Before you invest in any franchise opportunity, read our reports to get the facts from those who know best—franchisees. We publish 13 annual research reports including Top Franchises Guide, Top Low-Cost Franchises, Top Multi-Unit Franchises, Top Food & Beverage Franchises, and Top Franchises for Veterans. All are available for free at FranchiseBusinessReview.com. To see our list of the top 200 franchises according to the franchisees who own them, visit FBR50.com. Eric Stites, CEO & Managing Director Michelle Rowan, President & COO Emma Pearson, Editorial Director C.J. Fleck, Senior Web Developer Michael Kupfer, Online Marketing Manager Ali Forman, B2B Marketing Manager Nicole Kenney, Client Services Manager Linda Lorrey, Client Consultant Sydney Dionne, Client Consultant Wes Graves, Client Consultant Amy LaLime, Office Manager Christine LeBlanc, Accounting The Secret Agency, Design and Production Call us at 866-397-6680 HOW WE IDENTIFY THE TOP FRANCHISES Participation in Franchise Business Review’s franchisee satisfaction research is free for all North American franchise systems with a minimum of 10 franchisees. For this report, we looked at franchisee satisfaction survey data from 13,000 franchisees representing 123 brands that we collected between October 2015 and April 2017. We asked each franchisee to answer 33 benchmark questions ranking their franchise in the areas of financial opportunity, training and support, leadership, operations and product development, core values (e.g., honesty and integrity of franchisor), general satisfaction, and the franchisee community. We also asked them to answer an additional 16 questions about their market area, demographics, business lifestyle, overall enjoyment running their franchise, and role in the franchisee community. From this data, we identified our list of top low-cost franchises with the highest franchisee satisfaction. More detailed information about our research methodology is available at FranchiseBusinessReview.com. Surveys to determine the Top Franchises for 2018 are underway. If you are a franchisor and would like to participate, please call 866-397-6680 or contact info@ FranchiseBusinessReview.com. 2 | For more information on this report, visit: www.FranchiseBusinessReview.com
SPECIAL REPORT: Top Low-Cost Franchises Clockwise from top, left: Snapology franchisees teach robotics and engineering principles to children; Window Genie franchisees keep windows shining across the country; Weed Man is one of the fastest growing lawn care franchises; Keeping kids looking good and feeling good affordably is what Just Between Friends franchisees do. Call the Shots With a Low-Cost Franchise A Look at the Top Brands and What it Takes to Be Successful Launching any business is challenging and peppered with risks. Half of small businesses fail in the first four years according to the Bureau of Labor Statistics. There are two smart ways to help ensure your dream of being your own boss doesn’t turn into a nightmare. The first is to not overstretch your budget and the second is to consider franchising rather than launching a business from scratch. The 80 franchises that have high enough franchisee satisfaction to make our 2017 Top Low-Cost Franchises list (see page 6) have minimum investment requirements ranging from just over $3,000 to around $100,000. These franchises offer the satisfaction of running your own business, with the added benefits of a proven business model as well as ongoing support from fellow franchisees and your franchisor. You’ll receive assistance with marketing, technical help, sales, and more. BENEFITS OF LOW-COST FRANCHISING While low-cost franchises provide many of the same advantages their pricier counterparts do, they offer several additional ones including: • Accessibility: Many franchises such as Dairy Queen, Pearle Vision and Orangetheory Fitness, require an initial investment of hundreds of thousands of dollars. According to FRANdata, there are currently 668 lowcost franchise opportunities with minimum For more information on this report, visit: www.FranchiseBusinessReview.com | 3
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