4 Low Cost Franchise Ideas To Make Your First Million Dollar

 In this article I want to show you a list of unique low cost franchises that are capable of hitting even a million dollar mark .

Before we Begin keep in mind that each of these opportunities has unique operational models that you need to be sure you actually scale the right way. It’s not a restaurant that people actually walk in and buying food .

Low cost  franchises are unique and you are responsible for pushing this business forward.

So you need  to be experienced and motivated for a type of activities that is required.

Now if you have the skills there are really great options available to you.

If you have a business consultant or executive background you might consider the cost recovery type of franchise.

Cost recovery

This business can be scaled to a $1 million mark when at its peak. This is impressive amount because remember it’s typically managed at a home office and has very low overhead operational cost.

 

So how do these business work is by using a company special software and network purchasing power.

When are you up in the business and referrals becomes big part of the company because people are going to tell your friends and  family about your service so if you are someone who is not self motivated and who can manage business well, it’s going to be terrible and you need to get out as soon as possible by flipping it.

Know if you have this type of skills these types of business I’m going to be very lucrative for you.

Fundraiser 

If you have a decent amount like $250,000 you might consider a fund raising franchise and a couple of my associates actually invest in this type of business and they are very well with it.

This type of business help organizations like churches, schools, hospitals raise money with unique fund raising alternatives.

When they have a fundraiser, most schools are going to be rewarded the following years.

 Business franchise brokering 

 Main street brokers as they are often called are commercial real estate agents that will sell the smaller Main Street business up to about a million dollar like the retail business you often see in your city.

Now because the big boomers are retiring, they are being bought and sold.

Brokers  commission is about 10%.

So this means that if you’re selling a million Dollar business you are getting $100k in commission to your pocket if another broker isn’t involved.

Travel planning 

You can easily set up a $10k business in the travel planning industry.

This type of business help their clients arrange a cruise to hotels, all-inclusive resort,  insurance, day trips, destinations, weddings and whole lot more.