Franchises Under 60K

Be Your Own Boss with Franchises Under £60K

Take control of your career with a franchise under £60,000. With over 1,000 franchises out there, there’s something for everyone and with the average investment being around £40,000, there are plenty of franchises for sale under £60K.

Franchising enables entrepreneurs – experienced or not – to get into business for themselves but not by themselves. Full training and support is provided, even before you sign on the line. Businesses like franchise consultants and associations such as The British Franchise Association exist to help those looking to get into business ownership through franchising, bringing out the best in franchising. With many third party lenders such as banks able to offer up to 70% of the franchise investment, owning a business could be more affordable than you think.

Are Franchises Under £60,000 Profitable?

Some of the most profitable types of franchises are available under £60,000. From management franchises to food and drink kiosk businesses placed in high footfall locations, the £60,000 investment mark is the sweet spot for some of the best UK franchises.

Generally, all franchises are profitable. Franchise networks are built on foundations of success – a proven brand, working business model and an operations manual which has been perfected. The success of the franchise unit on an individual basis will depend on the franchisee. How hard the franchisee works, how much effort they put in and how much working capital they can afford to allocate – this all contributes to the success of the brand. Profitability also bares some responsibility on the franchisor – mapping territories effectively and providing a good level of support.

Be sure to explore the franchise market thoroughly before jumping into franchising. Explore demand in your area and shortlist 10 opportunities that meet your interests. It is worth checking whether the businesses are part of the British Franchise Association as well. The BFA thoroughly check franchise documents such as the agreement and operations manual and all franchise members must go through rigorous checks before being on-boarded.

Which Types of Franchises Cost Less Than £60,000?

A lot. Most franchises cost less than £60,000. Some top types of franchises for under £60,000 include oven cleaning (man / woman and a van type setups), B2B coaching, food kiosks, cleaning including management type franchises, and so many more. Many home based franchises can be invested in for half that figure thanks to the minimal overheads required.

Interested in investing in a franchise? With many banks and businesses able to offer franchise finance, becoming a business owner could be more affordable than you think. Take a look around Franchise Planet and discover a world of franchises.