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2016 Top 100 Low Cost Franchises The top 100 low-cost franchises, all for less than $60,000.

By Tracy Stapp Herold

entrepreneur daily

This story appears in the August 2016 issue of Entrepreneur. Subscribe »

Klaus-Dieter Thill / EyeEm | Getty Images

They say it takes money to make money—and, well, they're right. But does it have to take a lot? Not according to our 100 top low-cost franchises that can be started for less than $60,000. These lower startup costs aren't just a boon to potential franchisees. Offering a more affordable opportunity gives franchisors a larger pool of candidates to choose from, allowing them to be more picky about who gets a franchise, with a focus on attributes beyond mere financials. So what type of person are these companies looking for? People such as Diana Hurtado, who went from a part-time dog-walking job to owning a thriving business. These companies are ranked based on their score in Entrepreneur's 2016 Franchise 500, which is determined by objective, quantifiable criteria, including system size, growth and financial strength and stability. Keep in mind that this list is not intended as a recommendation of any company. Whether a franchise costs $1 or $1 million, do your homework, read the company's legal documents, consult with an attorney and an accountant and talk to existing franchisees.

View the Top Low Cost Franchises 2016 »

Tracy Stapp Herold

Entrepreneur Staff

Tracy Stapp Herold is the special projects editor at Entrepreneur magazine. She works on franchise and business opportunity stories and listings, including the annual Franchise 500.

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