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One key consideration for potential franchisees is cost. You'll need to invest in a franchise that has a minimum investment requirement amount you're comfortable with. If you overextend yourself, you may struggle financially while your business is growing.
You'll find many low cost franchise opportunities for under $51,000, including those noted below. Make sure you can see yourself in the franchise's industry for years to come before you invest your money or sign any papers, as long-term commitment is necessary if you want to develop a successful location.
One affordable franchise is GeoWash, a car wash and detailing service that is environmentally friendly and as green as possible. GeoWash is a mobile service, with workers washing the customer's car wherever it is parked and new franchisees receive training, support and an exclusive site to interact with potential customers.
Intrigue Media is part of the growing trend of digital advertising outside of the home. A key market is local businesses, which often lack the funds necessary for full-scale television or radio advertising campaigns. New franchisees receive flexible work hours and do not need technical experience, as Intrigue Media's head office handles the operational steps.
The Home-Alyze franchise has been in the home inspection business in Canada since 1978. The franchise offers brand recognition with the public, training, support and defined territories to new franchisees. Home-Alyze has low overhead requirements and provides owners with marketing materials and social media suggestions.
Mobilicity provides unlimited cell phone, text and data coverage options to mobile phone users across Canada. Customers pay in advance and do not have contracts. Mobilicity does offer a selection of basic and higher-end handsets. New franchisees have access to training, real estate site help and wholesale products.
PropertyGuys is a real estate specialization service, providing support to customers who are looking to sell their real estate themselves, without paying an agent a commission on the sale. PropertyGuys franchisees sell flat-rate marketing packages to customers, who use the tools and services to list and sell their property. The franchisor has been around since 1998 and has over 100 territories across Canada.