Want to own your own business? It takes less start-up capital than you think.
The beauty of owning a franchise is that it lets you open a business without developing it from scratch. Top franchises like McDonald’s go for top dollar. The fast-food giant requires potential franchisees to have a minimum of $500,000 of cash on hand, and there are other associated fees to consider, too.
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Don’t be discouraged if you don’t have half a million dollars in your back pocket to invest in a business. There are low-cost franchises, and many are household names. GOBankingRates rounded up 10 food franchises that require $100,000 or less in cash, according to Franchise Direct, a company that helps potential franchisees find business opportunities. Click through to see the franchise openings, and learn success strategies for new entrepreneurs.
(By Lia Sestric)