A friend of mine is moving forward in the process to open a franchise in his hometown back east. Obviously this endeavor costs substantial investment, but exactly how much for specific brands.
I was happy to find Entrepreneur.com’s 2011 Franchise 500 list, which ranks, and gives approximate start up costs (it is not 100% accurate however, for example Subway is $94,300 – $222,800). Nonetheless, this is a great tool for anyone interested in these types of investments.
Most interesting is that someone in a small town could feasibly open their own 7-11 and be slinging slurpees for only 30K (I’m more of an AM/PM fan with their “too much good stuff” creepy voice commercials and all).
Entrepreneur.com mentions Hampton Hotels as the highest ranked franchise, which can be yours for a naturally hefty $3-13 million.
Below is a list of some popular franchises’ investment information, whose information I pulled from each company’s website(click hyperlink in company name for additional information):
SUBWAY – Everyone loves a 5 dollar footlong!
“The SUBWAY® chain has one of the lowest start-up costs for franchise chains in the restaurant industry. In the United States, including the initial franchise fee of $15,000, these costs range from $94,300 – $222,800. These numbers, of course, depend [Read more...]