While most food franchises are known to be profitable, the cost has posed an investment barrier for many investors.
Although this is the case, all hope isn’t lost. This is because there are lots of food franchises under 10k you can invest in.
We have set out to provide you with all the basic information you need about these franchises. Not only are these low-cost franchise opportunities. They are also profitable ones. Therefore, sit back and read on as we begin.
Champs Chicken is an industry leader in the provision of affordable chicken franchise opportunities. If you’re an investor with limited capital, then you should consider this franchise opening. This is because its franchisees benefit from a wide range of offers.
Such include all-round support, annual volume incentive rebates, and exterior signage. Other benefits are interior opening signage package, marketing financing, as well as limited time, offers for customers.
To invest in any franchise, it’s necessary to know what existing franchisees think about the business. But is that necessary? Of course, it is. This is because nobody knows the business better.
For Champs Chicken, feedback from existing franchisees has been largely positive. This is encouraging because you are stepping into unfamiliar territory.
To be considered for a Champs Chicken franchise, you need a minimum investment of $9,000. Higher categories are depending on your investment needs.
The Krispy Krunchy Chicken franchise is yet another investment opportunity under 10k. Since it was founded in 1993, the franchise has grown into a major reputable brand.
Prospective investors having existing supermarkets, convenience stores, and restaurants are preferred. You have the opportunity of being part of a business known for quality chicken products.
All its franchises enjoy a wide range of benefits. A few include a one-week intensive training program. This guides you through its most essential operational strategies.
Others include free structural design plans, actively working with you to develop a sound marketing program, as well as follow-up training at no additional cost to you. These and more are what you get when your franchise application is approved.
Because we are considering food franchises under 10k, we know you’d be most interested in its cost implications.
Well, there are varied cost implications. One of these is its cash investment requirement of $10,000. This isn’t all.
Prospective franchisees are required to pay a $2,500 franchise fee as well as meet its minimum investment range of $10,000.
Although having a mainly chicken menu, this franchise started out making donuts. Chester was founded in 1952 but only started franchising 52 years later in 2004.
This franchise operates in strategic locations such as airports, college campuses, truck stops, and supermarkets among others.
Wherever you are, Chester’s offers you a partnership opportunity. As of 2018, it had sold over 31 franchises outside the United States. However, this is only starting as it seeks to embark on an ambitious expansion drive.
For the sake of credibility, it may interest you to know that Chester’s is ranked 110 in Entrepreneur Magazine’s 500 top franchises. This is great news because it offers low-cost investment opportunities. So how much does it cost?
To begin with, you need to meet certain cost financial requirements. These include an initial franchise fee of $3,500. Its minimum initial investment is also quite affordable. You get a detailed cost breakdown upon contact.
Financing and support are also available after qualifying as a new franchisee. Under its financing provisions, there’s a third-party arrangement. This provides financing covering equipment, franchise fee as well as startup costs.
Support includes a wide range of areas. These are largely categorized under ongoing, marketing as well as training support.
Ongoing support covers a grand opening ceremony. Others include toll-free lines, field operations, security and safety procedures, meetings as well as online support. Marketing support includes social media marketing. There are also ad templates, SEO as well as national media marketing.
New franchisees undergo 32-hour on-the-job training. This is in addition to 13 hours of classroom training.
Chick-fil-A is one of the largest fast brands in the United States. In addition to that, it gives you a chance to become its franchisee for under 10k.
Due to the huge benefits, Chick-fil-A receives tons of applications every year. However, it only considers a few. This says a lot about the brand.
Nevertheless, low application approvals shouldn’t discourage you. This is because the more qualified you are, the greater your chances.
So, what qualifies you for a Chick-fil-A franchise? Easy! You should have a proven leadership track record. Also, as a prospective franchisee, you shouldn’t be interested in having other active business ventures.
In other words, you should consider this a full-time business opportunity. You also need to have a proven capacity to adequately manage your finances.
Chick-fil-A has you fully covered in the area of training and support. After training, you get the full rights to operate its franchise. You get full and ongoing support along the way as well. Chick-fil-A gives you all the training required to succeed. This continues (in the form of ongoing training) during your franchise ownership term.
The cost and fees include a liquid capital requirement of $10,000. Upon application, you get all the details you need.
Finding the right franchise may seem elusive. This is largely due to cost implications among others. However, as we’ve seen, there are several food franchises under 10k. But these come with their respective requirements.
Also, successful food franchises attract tons of entries yearly. Such franchises have more thorough screening procedures.
In any case, you should try to meet all the requirements.
We hope you find this useful. Especially for persons limited by capital, yet interested in owning a reliable food brand. The above food franchises are success stories. Therefore, you only need to take the necessary action by applying.