There are may franchise opportunities for people with small budgets. A low cost franchise does not necessarily mean a business with low income potential. Trawling through the franchise market, I have discovered that some of the best franchises only need a small initial outlay.
In some cases it is possible to recover the entire franchise fee in the first year of trading. With many of these businesses, you do not need any premises as you can work from home. This greatly reduces overheads and enables you to reach profitability very quickly.
Another very important benefit of low cost franchises is that some of them can be run full time or part time. This is ideal for people who do not have large monthly outlays and only require a small income to supplement their existing business. Just be very careful when analysing any new business opportunity. If you can not see a market for the product then it probably does not exist!
One low cost franchise opportunity specialises in cleaning carpets. They use extra powerful industrial vacuum cleaners to remove 80 percent of the dirt and dust in carpets before applying specialist chemicals which dissolves most of the oily...