What is the Cheapest Franchise to Open
A lot of people aspire to become a successful business owner and being their own boss, but they just aren’t sure which place to begin from. If you too have the spirit of an entrepreneur but don’t want to spend too much time to start a new business from the ground up and don’t have a lot of money for investments, then considering investing in low cost franchises is really something that you look for. It is one of the fastest and easiest ways to set up in the business ownership sector. So you should know what is the cheapest franchise to open. Low cost franchises give aspiring entrepreneurs the opportunity to make their business dreams a reality.
The investment costs of some franchises can be quite expensive, but others have a more affordable investment costs. Are you too looking for low cost franchise investment opportunity opportunities? We are here to tell you what is the cheapest franchise to open.
What is the Cheapest Franchise to Open | What decides the cost of a franchise?
Purchasing a franchise may be a confusing matter so you must always do proper research when choosing a franchise. There are four major cost parameters to consider when purchasing a franchise. These include:
- Franchise Fee – Every franchisee requires the buyers to pay a one-time, initial amount of money for buying the franchise rights. This is known as a franchise fee.
- Initial Investment – The initial investments cover the cost of the materials, labor, and resources you’ll need to start your business. This can be very high if you are opening your own business from scratch. But if you are purchasing a franchise then this initial investment costs reduce greatly.
- Ongoing Investment – The running costs of the business place are included in this. This is the amount of money you’ll need to run the franchise business on an ongoing basis.
- Personal Finances – Some franchises set specific limitations as to who can invest in them and require the investor to possess a minimum net worth before being eligible to purchase a franchise. Others franchises have various liquidity requirements.
What is the Cheapest Franchise to Open | What is the cheapest franchise to open?
These factors involved in opening a franchise are very important to look at. They only determine the final cost of the franchise. So what is the cheapest franchise to open? Based on the above factors and considering the brand value and customer base, we can safely say that a PuffCity franchise is the cheapest franchise to open.
PuffCity- Your One Stop Smoke Shop
PuffCity is a one of a kind smoke shop which offers consumers a one stop place to purchase a huge selection of smoking and vaping products like cigarettes, cigars, tobacco, kratom, e cigarettes, e juices, glass, vaporizers, hookahs and other accessories. PuffCity offers a wide range of smoking products that attract consumers from different age groups and is popular among all sections of the consumers. The creative business standards and processed set it apart from the convenience stores and other smoke shops.
Franchise fee – The franchise fee for PuffCity comes in the low range of $40,000 to $75,000. This is very affordable franchise rate as compared to the brand value.
Total initial investment – The total initial investment including cost of materials, labor, resources and other costs comes to around $150,000 to $175,000.
Buying a PuffCity franchise means that your business will start evergreen and your store will always be flooded with smoke enthusiasts from all age groups. You can easily make loyal customer base who will always come to you for all their smoking and vaping needs. PuffCity is the answer to what is the cheapest franchise to open. Contact us right now to know more.