How Much Does it Cost to Buy a Franchise?
Initial investment amounts for franchises vary greatly. There will typically be 2 components involved in the franchise acquisition process, the franchise fee itself as well as any equipment, inventory or build out costs if applicable.
Using McDonald’s as an example we see that their standard franchise fee is relatively low at only $45,000. This figure on its own gives many would be franchise buyers an inaccurate perception of ownership. Once build out costs and additional mandatory fees are included we are in fact closer to a mid 6 to low 7 figure investment range, higher in larger cities.
For a more modest investment there are franchise concepts that can provide a reasonable income level. Lower priced “one person operation” type franchises typically will require more skill and expertise on behalf of the franchisee, and success will often be contingent on personal performance rather than brand and location.
Inexpensive franchises can be found in the sub $10,000 range, with some exclusive master franchises selling for well into the millions. With there presently being over 3000 franchise concepts to choose from there are no shortage of those to suit your budget.
Regardless of the franchise cost make sure your perform your due diligence. Contact us for a free consultation to learn more.