Are you interested in owning a cheap food franchise but don’t know how to go about it?
If you are, you are just in the right place. Join us as we consider some of the easiest and most affordable food franchises to own. But affordability may mean different things to different people.
Nevertheless, we are sure the franchise opportunities we will provide here will be of significant help.
Most of these franchise opportunities are spread across the United States and beyond. Therefore, you get the chance of becoming part of a reputable food franchise brand.
Without further delay, we begin with;
Easiest and Cheapest Food Franchises to Open
Baskin-Robbins franchise was founded in 1945 as an ice cream shop. Shortly after, it began expanding its operations and started franchising three years later. This franchise opportunity currently has a presence in over 50 countries. Its products include over 30 ice cream flavors, cakes, assorted drinks as well as frozen yogurt.
To own its franchise, the financial requirements include an initial franchise fee payment of $25,000. Other details include an initial investment with a low of $93,550 and a high of $401,800. There are also liquid cash and net-worth requirements amounting to $125,000 and $250,000 respectively.
Baskin-Robbins also has financing and support provisions. Under its financing options, there’s a third-party financing arrangement. This covers the payroll, accounts receivable, and startup costs. Others include the franchise fee, equipment, and inventory.
As a veteran, you get a franchise fee waiver for our first store. There’s also a discount on royalty fees for 5 years. For detailed information on these and more, you only need to visit its website.
Founded in 1995, Firehouse Subs began franchising the following year. This is an easy and cheap food franchise to open. Its specialty includes salads as well as cold and hot subs. Started by 2 former firefighter brothers, every of its franchise locations is decorated with firefighting memorabilia. So, how much will it cost you to own a Firehouse Subs franchise? Not so expensive!
To qualify as its potential franchisee, you are expected to have an initial investment of nothing less than $92,255. This is the minimum. There’s also a net-worth requirement of $300,000. Prospective franchisees are also required to have minimum liquid cash of the amount of $80,000. Its initial franchise fee starts at $20,000.
Financing provisions include a third-party financing arrangement. This covers the inventory, franchise fee, equipment, and startup costs. Veterans get a 10% discount off of the franchise fee. However, this is limited to the first store only. What more? You’d find every other information you need here.
Headquartered in Birmingham, Alabama, This franchise opportunity was founded in 1954. It only started franchising in 2005. Chester has a mainly chicken menu with locations or units at airports, convenience stores, truck stops, college campuses, and supermarkets.
To become its franchisor, part of its financial requirements includes an initial franchise fee of $3,500. There are other financial requirements such as a minimum investment sum of $12,385. If your application is approved, you get to benefit from its financing provisions. This involves a third party arrangement that covers equipment, franchise fee, and startup costs.
There are still other benefits. Such include its support services. Areas covered by its support include training, ongoing, and marketing support. These consist of finer details that will be disclosed during the signing of the contract.
Checkers and Rally’s
Checkers and Rally’s is the parent company of the Rally’s Hamburger. This is one of the cheapest and easiest food franchise opportunities you’d find. Products include its signature fries, yummy hot dogs, burgers, chicken sandwiches, chicken wings, and more.
This franchise has widespread across the United States. But the company is still offering franchise opportunities.
So, what does it take to own a franchise? First of all, you must be able to meet its financial requirements. These consist of a franchise fee of $30,000. Others are a minimum investment of $165,000, a liquid capital of $250,000, and a net worth of $750,000.
Qualified franchisees also get a range of benefits. These include comprehensive training and support. Checkers and Rally’s has a range of powerful marketing strategies. These have proven to be highly effective. Hence, you get the opportunity to adapt its marketing strategy to grow your business.
Champ Chicken is a well-known food franchise brand. It specializes in fried chicken, fish, and sides. Founded in 1998, it commenced its franchising operations in 2013. Since then, this franchise has witnesses wide acceptance among investors. This has resulted in huge growth. You too can become a part of its success story by taking advantage of its franchising opportunities.
What are the financial requirements for owning a Champs Chicken franchise? Three things are required; liquid cash, initial investment, and your net-worth. These fall within the $35,000 to $65,000, $9,000 to $349,000 and $35,000 to $65,000 range respectively.
Champs Chicken franchisees benefit from its financing options. This is in the form of a third-party arrangement. As such, this financing arrangement covers equipment purchases. Both new and existing franchisees benefit from its training programs. This also includes ongoing training.
Other areas of support include marketing and ongoing support. With such provisions, you are assured of a beneficial working relationship. You also get the advantage of working with a reputable food brand.
These are some of the easiest and cheapest food franchises to invest in. While some of these have an international reach, others are successful domestic franchises.
To start, you only need to visit any of the links provided above. By filling and submitting an online form, you get a response in no time.
- 4 Food Franchises Under 10k – Profitable Opportunities
- InstaHealthy Franchise: Startup Cost, Profit & Opportunities