As you certainly already know, franchises can be great opportunities for entrepreneurs.
They allow you to avoid starting from scratch: instead of having to build an audience and a brand identity, you can start with a brand that people already know and products that are already on the market.
However, franchise businesses may require a high initial investment: not only do you need to invest in your new business, but you also need to pay a franchise fee.
But are there any cheap franchises business that allows you to start with as little as $1000?
Yes, there are. Even though, of course, they are mainly franchise businesses that you can run online and from home because you can’t rent any location for less than $1000!
So, let’s find out what are the 10 best franchises under $1000.
10 Best Franchises Under $1000
1. Credit Repair USA Franchise
| Company name | Credit Repair USA |
| Founded in | 2003 |
| Initial Investment | $300 |
| Franchise fee | None |
| Royalty Fee | None |
Credit Repair USA is a franchise company that provides financial services to customers.
If you are qualified to provide financial assistance to your customers, instead of launching a new solo business, you can exploit the well-known Credit Repair USA name and become their franchisee.
There is no franchise fee, but only a $25/mo fee that you need to pay to use their software, the one that allows you to manage your client base, corporate support, and marketing.
2. America’s Tax Office Franchise
| Company name | America’s Tax Office |
| Founded in | 2011 |
| Initial Investment | $500 |
| Number of units | 380 |
| Royalty Fee | None |
America’s Tax Office is a franchise company that provides tax preparation services to their client.
If you are qualified to do so, you can get into business with America’s Tax Office with very little investment.
All you’ll need to start is a computer and a smartphone, and America’s Tax Office also provides support and training to their franchisees.
If you don’t have any experience with tax preparation, you can learn directly from America’s Tax Office.
3. Green Irene Franchise
| Company name | Green Irene |
| Founded in | 2007 |
| Initial Investment | $150 |
| Number of units | 650+ |
| Royalty Fee | None |
| Franchise Fee | $150 |
Green Irene is an Eco-consulting company that provides consulting services in the matter of sustainability, environment, and more.
Green Irene franchisees are independent consultants who run their business from home and offer eco-consulting services to their customers.
They also recommend green home and office products following a direct sales model provided by Green Irene.
The company has grown exponentially in the last few years, and today it counts over 650 independent eco-consultants active in 48 states in the United States.
4. What’s On In Franchise
| Company name | What’s On In |
| Initial Investment | $1000 |
| Royalty Fee | Variable |
| Franchise Fee | None |
What’s On IN is another franchise business that you can run from home, and that, therefore, requires little initial investment.
What’s On In is a company that offers businesses to advertise on other websites.
All you need to start working with the What’s On In franchise is a computer and, possibly, one or more websites.
Less than $1000 is more than enough to provide yourself with both. One or more websites.
5. Cleanout Foreclosures Franchise
| Company name | Cleanout Foreclosures |
| Founded in | 2008 |
| Initial Investment | less than $1000 |
| Royalty Fee | None |
| Franchise Fee | $349 |
If online businesses aren’t for you and you are searching for something simpler, you can start your cleaning business today with Cleanout Foreclosures.
They provide an all-inclusive business startup package so that you can start running your own Forecloser Cleanout business today.
In their franchise fee, they include a startup manual and forms CD that you can use to learn anything you need to know.
6. God’s Silver Money Franchise
| Company name | God’s Silver Money |
| Initial Investment | $125 |
| Royalty Fee | None |
| Franchise Fee | $125 |
God’s Silver Money is a coin dealer. With them, you can become a coin dealer yourself, and you can run your activity whenever you like.
With their franchise fee, they provide you with a coin starter pack that you can sell in any selling channel you like: online, door to door, in your garage, wherever you like.
The initial investment is minimum: it only requires you to buy the starter pack, which is included with the franchise fee.
7. Silpada Design Franchise
| Company name | Silpada Design |
| Initial Investment | $199 |
| Royalty Fee | None |
| Franchise Fee | $199 |
Silpada Design is a franchise business that works a little bit like God’s Silver Money, but it’s about jewelry.
With them, you can sell Silpada Jewelry anywhere you like and through every selling channel, you like. The franchise fee includes the starter pack that provides you with the item to sell.
8. 1040TaxBiz Franchise
| Company name | 1040TaxBiz |
| Founded in | 2000 |
| Initial Investment | about $1000 |
| Royalty Fee | None |
| Franchise Fee | $249 |
This is a low-cost franchise tax office business. It provides tax preparation services, and if you become its franchise partner, you can offer tax preparation services in its name.
Finding new clients will become extremely easier with them, as they are well-known and appreciated.
All you need to start is a computer and the specific software (that they’ll provide), so the initial investment required is very low.
9. Pajama-man Franchise
| Company name | Pajama-man |
| Initial Investment | $1000 |
| Royalty Fee | None |
| Franchise Fee | $1000 |
Pajama-man allows you to run a home-based insurance business.
You can become an independent insurance broker but, at the same time, exploit the name of an already-known provider like Pajama-man.
The Pajama-man company provides training for all their franchisees so that no previous experience is required.
10. Cruises Inc. Franchise
| Company name | Cleanout Foreclosures |
| Founded in | 1985 |
| Initial Investment | $249 |
| Royalty Fee | None |
| Franchise Fee | $249 |
Cruises Inc is a franchise travel agency. You can set up a travel agency from home, dealing with your customers remotely and providing them with the best service from behind your computer.
Being able to exploit the Cruises Inc name will allow you to find clients quicker and easier because they’ll trust a travel agency company more than a single and independent agent behind a computer.
Conclusion
With these 10 best franchises under $1000, you can start one or multiple successful businesses with little investment and no time.
Check Out 10 Best Franchises Under $5000
Also Check out 15 Best Franchises Under $10,000
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.