Restaurant Franchises With Low Startup Costs – Copyright © 2023 Media, Inc. All rights reserved. ® and related marks are registered trademarks of Media Inc.
The beauty of owning a franchise is that it allows you to start a business without building it from scratch. Top franchises like McDonald’s are worth the best money. The fast-food giant requires a minimum of $500,000 in cash from potential franchisees, with other associated fees to be considered.
Restaurant Franchises With Low Startup Costs
Don’t despair if you don’t have half a million dollars in your back pocket to invest in the business. There are inexpensive deductibles and many are nominal. GOBankingRates rounds up 10 food franchises that need $100,000 or less in cash, according to Franchise Direct, a company that helps potential franchisees find business opportunities. Click to see franchise openings and learn about success strategies for newbies.
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They are sweet, light and attract attention. Join the trend that is spreading across the US and open your own macaron shop. In addition to the low upfront cost, you also don’t have to sweat the details of cooking. All pastries are made by French chefs in the company’s central pastry shop.
A Le Macaron franchise only requires $150,000 in total capital. The franchise fee is $45,000, and the total investment in a traditional cafe is $146,000-$373,500. An even cheaper option is to open a cart or kiosk in a shopping center. The total investment requirement will reach $127,000.
Currently, there are more than 50 Le Macaron stores open nationwide, and the company is actively looking to expand its presence in California with the goal of opening 15 new locations in the next two years.
If you’ve had a Jimmy John’s gourmet sandwich, you know it’s delicious. Now you can be part of a winning franchise for just $80,000.
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You can expect an initial franchise fee of $35,000. In total, plan to invest between $329,500 and $557,500. You must also have $300,000 in equity. Even with lower startup costs, you’ll likely need a small business credit card, etc. s recommended by their favorite cards.
Average annual sales per Jimmy John’s restaurant in 2016 were $1,170,866 and average net income was $121,961. Currently, more than 2,000 U.S. locations. named Jimmy John’s as their fifth best franchise.
Menchie’s is the world’s largest self-serve frozen yogurt franchise with more than 540 locations worldwide. Although the industry is not experiencing the same stratospheric growth as five years ago, market analysts expect sales of frozen yogurt to grow by 3.4% annually.
To be considered a franchisee, you must have approximately $80,000 to $90,000 in liquid assets and a net worth of $350,000. The cost to start a Frozen Yogurt store in Menchie ranges from $300,000 to $350,000, including a $40,000 franchise fee.
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Even if you’re not a baker, you’re familiar with Nestlé Toll House, a billion-dollar brand. Now is your chance to be a part of it all. This cafe franchise offers more than 45 varieties of fresh pastries and signature Nescafé coffee, as well as wraps, paninis and tortillas.
The total investment will cost you between $151,750 and $475,300. This includes a $30,000 deductible. Your net worth must also be at least $300,000 to be considered. Café ranked No. 1 chip in its category on the Franchise 500 list for two consecutive years.
As such, you will try to reduce costs wherever you can. Fortunately, there are many free resources and tools for small business owners.
Want to join a restaurant that offers cheap and good Japanese cuisine? Samurai Sam’s Teriyaki Grill is looking for franchisees in Arizona, Nevada, California and Utah. There are currently 45 locations worldwide.
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To be considered a franchisee, you must have a net worth of $250,000. In total, you can expect to invest between $117,660 and $432,050, including a $30,000 franchise fee, according to Franchise Direct.
Even with the rise of frozen yogurt, ice cream continues to be a staple in America. Ben & Jerry’s has franchise opportunities in select markets nationwide. Delicious treats include smoothies and frozen yogurts in addition to the company’s famous ice cream.
Eligible franchisees must have a net worth of $350,000. Total costs range from $174,800 to $450,800, including a $37,000 franchise fee, according to Franchise Direct.
The fun part of being a Ben & Jerry’s owner is that customers get a free scoop of ice cream on their birthdays, so you can serve up smiles.
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Another mega-retailer that has been selling ice cream for many years is Cold Stone Creamery, which has franchise opportunities nationwide. Cold Stone has more than 1,000 stores in the US and 30 international markets. According to the list of franchise opportunities, California is the best franchise opportunity for this brand.
What can you expect as a franchise owner? First, you must have a net worth of $250,000 to qualify. The franchise fee is $27,000 and the total initial investment is between $50,000 and $467,525.
When it comes to food, Philadelphia is known for its cheesesteaks. Now you can become a franchisee of The Great Steak brand and welcome cheesesteak to your community.
What exactly is needed? According to Franchise Direct, the initial investment is between $150,900 and $519,050, including a $30,000 franchise fee. This is for the traditional business model where the restaurant is located in a mall or mall.
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Great Steak’s 53 stores averaged $476,956 in gross sales, with 22 locations equaling or exceeding that number.
Little Caesars has been in business since 1959 and continues to expand across the country. For those interested in setting up shop, a candidate must have a net worth of $250,000 or more, with a minimum of $100,000 in liquid assets.
The estimated initial investment required for each franchise ranges from $334,000 to $1,370,500 for a single Little Caesars location, with freestanding buildings typically costing in the higher range.
The chain of pizzerias has more than 4,500 halls worldwide. Little Caesars has global sales of $4.2 billion annually, according to Franchise Times. This is due in part to the best pizza deals.
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If you want to know how good business is for the Subway chain, consider this: Existing owners account for more than 70 percent of new Subway franchises — and there are now more more than 45,000 locations worldwide.
In total, your investment as a franchisee will be between $116,000 and $263,000 in the US. A Subway restaurant averages $490,000 in sales annually, according to QSR magazine.
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Opening a restaurant can be a risky proposition, in large part because of the high costs associated with finding a physical location, purchasing equipment, and hiring staff. Even restaurants with dollar menus cost seven figures. (For example, a McDonald’s franchise costs between $1 and $2.2 million). In fact, of the top 10 restaurants on the Franchise 500 list, Jersey Mike’s Subs is the cheapest with a minimum price of $193,000.
Even if you’re willing to dig in, do business, and take the risk of buying a restaurant, that price may be too high for many potential investors. That’s why we put together a list of successful but affordable franchises worth five figures, allowing you to make your dream come true