How Much Does it Cost to Buy These Franchises

Anne Miller

Anne Miller

Senior Author

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Anne Miller

Senior Author

View All Posts

Buying a franchise can be a smart move for would be business owners, especially those who don’t want to go through the hassle of creating a business completely from scratch. While in theory, a franchise uses a business model that can work on every level, starting a franchise is not as easy as it seems. These are the essential steps needed to buy a franchise.

Contents

1. Research Franchise Opportunities Near You

The first step to take in order to purchase a franchise is to do the initial research to find franchise opportunities in your area. When doing research, it is important to find a franchise opportunity that can work according to your budget, business qualifications and a franchise opportunity that interests you. As you conduct research, be sure to find the requirements of each franchise opportunity to ensure you qualify for the opportunity. 

2. Contact Franchise Companies for Franchise Applications

After learning if you qualify for a franchise and finding a franchise opportunity that interests you, the next step is to narrow down your options to 1 or 2 opportunities. Once you narrow down your options, you will have to fill out a preliminary questionnaire or application form with the company that offers the franchise opportunity. This can help speed the process along and allow franchise companies to better assess your qualifications for the opportunity.

3. Review the Franchise Agreement

The next step is going to review the franchise agreement. A franchise agreement is a formal contract between you and the franchise company if you are seen as a good fit for the franchise opportunity. This agreement allows you to have the right to own and open a franchise under the company’s name, rules and regulations. During this time, it is recommended to hire a franchise lawyer to walk you through the contract, so you understand every aspect of what you are signing.

Any discrepancy between the company and the contract should be brought up with the company for clarification purposes. This is a time when you can also negotiate or make amendments to the contract if you wish.

4. Finance your Franchise Startup

Once you have reviewed and signed the franchise agreement, the next step is to secure the appropriate financing. Before you can even begin setting up the franchise, you will have to pay the franchising fee. This fee is typically due once you have turned in the signed franchise agreement. Keep in mind that most lenders will not include the franchising fee in the loan amount you ask for. This is a fee that will have to come out of your own pocket.

In order to secure financing for your franchise, you will have to write up a strong business plan. This business plan will have to include years of growth projections and a summary of what the funds will be used for. It is also important to address things such as potential revenue, startup costs, operating expenses and the total cost of financing.

The best types of loans to apply for to secure financing for the franchise include:

  • Rollover for Business Startups – this type of loan allows you to fund the franchise without paying early withdrawal penalties or taxes and doesn’t require lender approval.
  • SBA Loans – these types of loans are guaranteed by the government and have low interest rates. Keep in mind, SBA loans are difficult to qualify for and will require a credit score of more than 680 with a 20% down payment.
  • Bank Loans – these loans are not guaranteed by the government and are more difficult to qualify for. It is easier to qualify for bank loans if you have a high credit score, have existing business dealings and have a high net worth.

5. Choose a Location for the Franchise

You will next have to choose a location where you are going to run your franchise. You will need to discuss location details with the franchise company as they will provide specific guidelines that you will need to meet. Some of the location requirements may include keeping a certain distance from other franchises, a minimum area of operation and a certain amount of parking spots required.

6. Attend Mandatory Training and Franchise Workshops

A franchise company will typically require new franchise owners to attend mandatory training or workshops to help equip you with the tools and knowledge needed to run the franchise. This training tends to take place virtually, at the franchise headquarters or at the franchise location and can take between 2 to 4 weeks depending on the complexity of the training.

How Much Does it Cost to Buy These Franchises

Mistakes to Avoid Making When Buying a Franchise

Buying a franchise can be an exhilarating experience, but all of this excitement comes with its fair share of stress. This can leave the door open to make a lot of mistakes. Hopefully, by the end of this section, you can avoid making the same mistakes most veteran franchise owners have made at least once in their career.

1. Not Doing Proper Market Research

Whenever you purchase a franchise, it is extremely important to conduct proper market research beforehand. You will need to do this research to understand your customer base, what type of marketing you will have to do, whether location is going to be a factor for your business and whether or not the market is expected to change any time soon.

2. Think You Will Be Independent

Many new franchise owners go into the franchise business believing they will be their own boss. While you will be independent to a point, you will have to constantly deal with the franchise company for as long as you own the franchise. This means adhering to specific rules, regulations and company policies. The franchise company is trusting you with their brand and as such they will constantly be looking over your shoulder in order to ensure you are meeting the franchise agreement you have signed.

3. Not Meeting Other Franchise Owners in the Same Business

Most new franchise owners go into a franchise business without talking to one important person: a business owner that owns a franchise from the same company you are interested in. Talking to a fellow franchise owner is the perfect way to have valuable insight into the business and who can share their experience to ensure you succeed.

How Much Does it Cost to Buy These Franchises

FAQ

General Franchise Purchase Questions

In this section, you will find general questions pertaining to general franchise purchases.

Should I buy a franchise business?

This depends on your financial status. You need to keep in mind that a franchise business can be costly and will require a business state of mind in order to make it successful.

What to know before buying a franchise?

Before buying a franchise, you should know the demand for the business franchise you are interested in, check the track record of the company to see how long they have been successful, the investment that is needed to buy a franchise, competition of the business in the local area and the training required for any employees you hire.

What is the best franchise to buy?

One of the best franchises to buy today is 7Elevene. This convenience store franchise is relatively inexpensive to purchase, requires less amount of training hours needed, offers marketing support built into the franchise and the demand continues to grow with every passing year.

Should I buy a franchise or start my own business?

This ultimately depends on you. A franchise can require an expensive investment as there are various fees to buying a franchise from another company. The cost of startup may be significantly lower for your own business, but there is a risk of not being successful with it.

Where to ask before buying a franchise?

Before buying a franchise, you should talk to the company of the franchise you wish to purchase directly. Ask for the ongoing fees, yearly reports, how much liquid capital you are going to need and what is the success rate for new franchise owners.

Why buy a franchise?

The reasons as to why you should buy a franchise are:

  • You don’t need any business experience in order to run a franchise.
  • Franchises have a higher success rate.
  • Easier to secure finance for a franchise.
  • Franchises have an established reputation, national advertising practices and ongoing support for franchise owner success.

What are you provided when you buy a franchise?

Depending on the company of the franchise, most of the time you are provided with:

  • Ongoing support
  • Company signage
  • National advertising
  • Training
  • Social media presence
  • Public relations support
  • Marketing strategies

Is buying a franchise a good idea?

A franchise is a good idea for many reasons. First and foremost, franchises are less risky in terms of a start-up business because of their high success rates. However, keep in mind the costs associated with starting up a franchise can be costly.

How to write a business plan to buy a franchise?

To write a business plan for buying a franchise, it must include:

  • An Introduction-a description of the business regarding its model, operational approach and possible challenges and risks.
  • Management-must describe key management roles including future employees that will fill those roles.
  • Marketing-must explain the marketing approach for the franchise including benefits and detailed marketing plans.
  • Financial Projections-this must include income statements, balance sheets and cash flow statements.
  • Financing Needs-this section will require a breakdown of the financing needs of the franchise with a complete analysis of startup costs and potential operating losses.

Do you need a lawyer when buying a franchise?

Not necessarily. However, it is recommended that you have a lawyer when buying a franchise to help protect you legally as well as advise you on proper business ethics and potential risks of a franchise.

Why is it important to research a franchise before buying it?

It is important to research a franchise before buying it, so you understand the risks involved with a franchise as well as familiarize yourself with the brand. It also allows you to understand the market and demand for the franchise across the country.

Can you form an LLC to buy a franchise?

Yes.  Keep in mind, that while an LLC for a franchise can protect you from certain liabilities, it does not mean that the franchise is considered an LLC. You will also have to double check with the franchise company to see if having an LLC is allowed according to their terms of service.  

Franchise Purchase Financial FAQ’s

In this section, you will find frequently asked questions pertaining to the financial aspect of franchise purchases.

How much is to buy a franchise?

The cost of purchasing a franchise can range between $10,000 up to as much as $1,000,000. This is dependent on the type of franchise. However, the most common cost rate is between $20,000 to $50,000.

How much does it cost to buy a franchise?

The cost of buying a franchise is dependent on the type of franchise and the company. The most typical cost range is between $20,000 to $50,000, not including the fees associated with the franchise.

How to buy a franchise with no money?

Unfortunately, it is not possible to buy a franchise with no money. Every franchise has an initial franchise fee that must be covered as well as other start-up costs that are needed.

How to get funding to buy a franchise?

In order to get funding to buy a franchise you can:

What is the most profitable franchise to buy?

The most profitable franchise to buy in the United States today is Wing Stop. The restaurant chain has increased in revenue for franchise owners by as much as 4.4% for sales and has a 23% decreased in their wholesale stock.

What is the cheapest franchise you can buy?

The cheapest franchise you can buy is an H & R Block franchise. An H & R Block can cost less than $50,000 in startup costs. However, this franchise is only in demand during tax season.

What franchise can I buy for 100k?

There are many franchises that you can buy for under 100K. The best franchises under this price range include:

  • Kumon Math and Reading Centers
  • AAMCO franchise
  • Dickey’s Barbecue Pit
  • Entrepreneur’s Source
  • Oxi Fresh Carpet Cleaning
  • Glass Doctor
  • Blimpie
  • $1-2-3 Dollar
  • Bloomin’ Blinds

How to save money to buy a franchise?

The best way to save money on a franchise purchase is to:

  • Find franchise companies that will waive franchise fees.
  • Find franchise companies that offer turnkey packages.
  • Find a commercial realtor with inexpensive lease rates and longer lease terms.
  • Get multiple bids for construction costs to save on construction needed for the franchise.
  • Find franchise companies that offer equipment, signage and fixtures for new franchise owners.

How much money can you make buying a franchise?

The amount of money that you can make after buying a franchise will be dependent on the type of franchise that is purchased. However, it is found that most franchises can earn up to $50,000 for the year while the top 7% of franchise owners can earn as much as $250,000 a year.  

Franchise Purchase Benefit FAQ’s

In this section, you will find commonly asked questions pertaining to the benefits of purchasing a franchise.

What is a disadvantage of buying a franchise?

A disadvantage of buying a franchise is the franchise agreement. This kind of agreement will dictate how you are allowed to run the business, meaning there is little room for you to be creative with your business practices. 

What are the pros and cons of buying a franchise?

The pros and cons of buying a franchise can include:

  • Pros-less risk than starting your own business, proven system that works, training and support offered by the company of the franchise, networking capabilities and purchasing power. 
  • Cons-the startup costs can be expensive, ongoing fees with the franchise, must sign a contractual agreement and less autonomy allowed. 
How Much Does it Cost to Buy These Franchises

How to Buy Fast Food Franchises

In this section, you will find questions regarding how to purchase fast food franchises.

How much is it to buy a McDonald’s franchise?

Most franchise owners will enter the franchise world by purchasing an existing McDonald’s restaurant. The cost for operating and purchasing a McDonald’s franchise can have an investment of at least $1,000, 000 to $2.2 million. The initial franchise fee for a McDonald’s franchise is $45,000.

How much is it to buy a Chick-fil-A franchise?

In order to purchase a Chick-fil-A franchise, you will need to have the initial franchise fee of $3,500. However, the operational cost of a Chick-fil-A restaurant can be as high as $296,000.

How much is it to buy a Subway franchise?

In order to purchase a Subway franchise, it will require a franchise fee of $15,000. However, the franchise can have a startup cost including operational costs of $105,800 to as high as $393,000.

How much is it to buy a Starbucks franchise?

Unfortunately, Starbucks does not offer the option to purchase a franchise of one of its stores. However, if you open your own coffee shop, you can apply for a Licensed shop which means the coffee shop is owned by Starbucks and can have a cost of $315,000.

How much is it to buy a Domino’s franchise?

To purchase a Domino’s franchise, it will require a franchise fee of $25,000. The total investment needed for a Domino’s franchise can have a cost between $120,000 to as high as $460,000. There is also a royalty fee of 5.5%.

How to buy a Dunkin Donuts franchise?

In order to buy a Dunkin Donuts franchise, potential franchise owners will need to have an initial cash investment of $250,000 and have a net worth of a minimum of $500,000. However, veterans interested in a franchise will be given a 20% discount on the initial franchise fee.

How much is it to buy a Taco Bell franchise?

All interest franchise owners will need to have liquid assets worth $750,000. However, in order to be approved for a Taco Bell franchise, investors will need to have a minimum of $1,500,0000 and your minimum net worth will have to be $45,000.

How much is it to buy a Little Caesars franchise?

In order to purchase a Little Caesars franchise, an interested investor will need to have the initial startup cost of $193,000 to as high as $619,500. They will also have to have a net worth of $150,000.

How to buy a fast food franchise?

In order to buy a fast food franchise, you will first have to find a fast food restaurant of your choice that offers franchise options. Once you have done that, you will need to ensure you have the initial franchise fee, startup costs and have a net worth of the minimum required by the fast food chain.

How much is it to buy a Chipotle franchise?

Unfortunately, it is not possible to purchase a Chipotle franchise. In the early days of Chipotle’s existence, they sold a few franchises, but due to the restaurant’s success, they scrapped the franchise idea to keep all restaurants under corporate ownership and control.

How to buy a Tim Horton’s franchise in Canada?

In order to purchase a Tim Horton’s franchise in Canada, the process and cost will vary depending on factors such as restaurant size and the location of the restaurant. However, those interested in a franchise will have to have a minimum net worth of $500,000 and must have a minimum of $100,000 in funds.

How to buy a Krispy Kreme franchise?

In order to purchase a Krispy Kreme franchise, the company requires a 10-store development minimum and owners must have a net worth of a minimum of $5 million for each store.

How to buy a Burger King franchise?

In order to purchase a Burger King franchise, interested parties will have to sign a 20-year franchise agreement, must have an upfront payment of $509,000, have liquid assets worth $500,000 and have a minimum net worth of $1.5 million.

How to buy a Wing Stop franchise?

In order to purchase a Wing Stop franchise, franchisees will have to have a net worth of a minimum of $400,000, $200,000 in liquid assets and a franchise fee of $30,000.

How to buy a White Castle franchise?

Unfortunately, today White Castle does not offer franchise options and does not plan to in the foreseeable future. The company doesn’t even offer public stock and prefers to keep all of their restaurants corporately owned.

How to buy a Wendy’s franchise?

In order to purchase a Wendy’s franchise, interested franchisees will have to apply for a franchise. They will then need to have a minimum of $2 million in liquid assets, have a net worth of $5 million, pay a franchise fee of $40,000 per restaurant, pay an advertising royalty of 4% and pay a general royalty fee of 4%.

How much does it cost to buy a Sonic franchise?

In order to purchase a Sonic franchise, potential franchise owners will have to have a minimum net worth of $1 million, have a minimum of $1 million in liquid assets, pay a franchise fee of $45,000, have a total investment of $710,000 to $3 million, pay a 4% to 5% royalty fee and a 5.9% fee for advertising.

Can you buy a Whataburger franchise?

Yes, you can purchase a Whataburger franchise. In order to do so, you will need to have a minimum total investment of $1.2 million. Due to the popularity of the restaurant, there are no initial franchise fees available.

Can you buy an In and Out franchise?

No. As of right now and in the foreseeable future, the company doesn’t plan for In and Out to go public or have franchise options. The company plans to keep the restaurant privately owned.

How much does it cost to buy an Arby’s franchise?

To purchase an Arby’s franchise, it requires an initial license fee of $37,50 for the first franchise followed by $25,000 for each franchise unit after. The initial investment required for an Arby’s franchise is between $336,500 to $927,900, a royalty fee of 4% of all gross sales and 1.2% of gross sales for advertising fees.

Can you buy a Shake Shack franchise?

No. Currently Shake Shack does not franchise. However, the company does have plans to offer franchise options in the future. The best way to keep up on potential franchise options is to contact the company directly.

How much is it to buy a KFC franchise?

In order to purchase a KFC franchise, franchisees will have to have a minimum net worth of $1.5 million, pay a franchise fee of $45,000 and have a minimum of $750,000 in liquid assets.

How to buy a Panda Express franchise?

In order to buy a Panda Express franchise, you will have to apply for a franchise through the corporate side of Panda Express. If approved, you will need to pay a minimum of $25,000 for the franchise fee and have a total investment amount of $370,000 to $1, 552,000.

How much does it cost to buy a Quiznos franchise?

A Quiznos restaurant franchise will require a starting investment of $207,000. The franchise fee for a Quiznos franchise is $10,000 and requires a new franchise owner to have liquid cash assets of 30% of the total project or a minimum of $70,000.

How much does it cost to buy a Popeyes franchise?

The total capital required to purchase a Popeyes franchise is $250,000. A new franchise owner will need to have a net worth of $500,000 to as much as $1,000,000 and will require a minimum of $250,000 in liquid capital.

How much is it to buy into Steak and Shake franchise?

A Steak and Shake franchise require an initial investment of $10,000 per unit. There is also a franchise fee of $30,000. A new franchise owner will need to have a net worth of $1,500,000 and $500,000 in liquid capital.

How much does it cost to buy a Jack-in-the Box franchise?

In order to purchase a Jack-in-the-Box franchise, it requires a minimum liquidity requirement of $250,000 per unit, a minimum net worth of $1,500,000 and a minimum franchise fee of $50,000.

How much to buy a Taco Time franchise?

The cost to purchase a Taco Time Franchise will require an initial investment between $396,000 to $814,000. This includes a franchise fee of $30,000 per unit and a minimum of $100,000 in liquid capital.

How much to buy a 5 Guys franchise?

In order to purchase a 5 Guys franchise, it will require a franchise fee of $50,000 to $125,000, a minimum net worth of $500,000, a total investment of $306,000 to $716,000 and a minimum of $250,000 in liquid capital.

 

How to Buy Hotel Franchises FAQ’s

In this frequently asked question section, you will find general questions regarding how to buy hotel franchises.

How to buy a hotel franchise?

In order to buy a hotel franchise, you must first find a hotel chain that offers franchising options. The best hotel chains that offer franchises for business owners include:

  • Days Inn
  • Super 8
  • Motel 6
  • Hampton by Hilton

How to buy a Marriot franchise?

In order to buy a Marriot franchise, you will have to invest in the initial franchise fee, participate in recommended training or conventions and work with a dedicated corporate account manager that can help ensure a franchise owners success.

Should I buy a Quest franchise?

A Quest franchise can be a smart business decision to make. However, keep in mind because of the business model, a Quest franchise can become a very expensive business endeavor.

How to buy a Ritz Carlton franchise hotel?

In order to buy a Ritz Carlton hotel franchise, you will need to go through the Marriott franchise option. This includes having the minimum investment franchise fee as well as go through the necessary training before you can have a franchise up and running.

How Much Does it Cost to Buy These Franchises

How to Buy Restaurant Franchises

In this frequently asked question section, you will find commonly asked questions pertaining to the process of purchasing restaurant franchises.

How much does it cost to buy a restaurant franchise?

The amount required to purchase a restaurant franchise will ultimately depend on the restaurant and the company. Most restaurant franchises will require an investment between $1.2 million to $2.5 million, not including operational costs, inventory costs, lease costs or franchise fees.

How to buy a Dave and Buster’s franchise?

Unfortunately, there is no way to purchase a Dave and Buster’s franchise. All Dave and Buster’s restaurants are corporately owned and operated solely by the company. There are no plans to offer franchise options in the future.

How to buy a PDQ franchise?

In order to buy a PDQ franchise, you will need to apply for a franchise through PDQ headquarters. Once approved, you will have to pay the franchise fee and have the initial investment required before attending the mandatory training seminar to learn how to operate a PDQ restaurant.

How much is it to buy a Nandos franchise?

A Nando’s franchise can have a general investment cost between $950,000 to $1,000,000 with a franchise fee of $48,500 per unit opened. This amount may include additional costs such as operation fees, equipment costs and liquid assets requirements.

How much is it to buy a Pizza Hut franchise?

In order to purchase a Pizza Hut franchise, it will require a franchise fee of $25,000 with a 20-year agreement. This will require a total investment cost of $297,000 to $2,109,000 and a royalty fee of 6% on all sales made.

How to buy a Zaxby’s franchise?

In order to buy a Zaxby’s franchise you will have to have a minimum investment amount of $367,700 to $727,500 and have a minimum of $35,000 for the franchise fee. Once you have this amount, you can apply for a franchise through Zaxby’s corporate headquarters.

How much is it to buy a Denny’s franchise?

In order to purchase a Denny’s franchise, it will require a franchise fee of $35,000 for one restaurant, a total investment amount of $1.2 million to $2.6 million, a minimum net worth of $1,000,000 and a minimum of $350,000 in liquid capital.

How to buy a Chicken Licken franchise?

In order to purchase a Chicken Licken franchise you will first need to have a successful track record of operating a restaurant. You will also need to have the minimum total investment of $8,000,000 before applying for a franchise through corporate headquarters.

How much to buy a Papa Murphy’s franchise?

It can cost around $275,000 to open a Papa Murphy’s franchise. However, most franchise owners will need to have a minimum of $100,000 in liquid assets and maintain a good credit score.

How to buy a Papa John’s franchise?

In order to buy a Papa John’s franchise, you will have to apply for a franchise through Papa Joh’s headquarters and attend the mandatory franchise training. You will also need have the franchise fee of $25,000, have a net worth of $250,000 and have a minimum of $75,000 in liquid assets.

How to buy a Buffalo Wild Wings franchise?

In order to purchase a Buffalo Wild Wings franchise, you will need to contact Buffalo Wild Wings headquarters and file an application for a franchise. You will also need to have a total investment prior to applying of $ 1,400,000 to $3,500,000.

How much does it cost to buy an Applebee’s franchise?

Buying an Applebee’s franchise can have a cost as high as $7,000,000 per franchise opened. An Applebee’s franchise will require a franchise fee of $35,000 and a total investment between $2,000,000 to $6,850,000.

How to buy a Tropical Smoothie franchise?

To purchase a Tropical Smoothie franchise, you will need to contact the company that owns Tropical Smoothie and apply to operate and own a franchise. You will also need to have the required amount of $25,000 for a franchise fee along with a total investment of $254,000 to $385,000 per franchise.

How to buy a Pita Pit franchise?

All interested franchisees need to apply for a Pita Pit franchise directly through the company. They will then have to attend mandatory franchise training to learn how to operate a Pita Pit franchise. All franchise owners will also need to have a total investment amount of $216,000 to $435,000.

Can you buy a Panera franchise?

Yes. It is possible to purchase a Panera bread franchise. However, the company does not allow just one bakery café franchise to be opened. All franchise owners will have to open a minimum of 15 bakery-cafes within a 6-year period.

How to buy a Texas Roadhouse franchise?

In order to purchase a Texas Roadhouse franchise, all interested franchisees will have to meet the minimum monetary requirement of $6 million in net worth, have a multiple restaurant development plan, have a proven hospitality experience history and have a minimum of $3 million in liquid assets.

How much does it cost to buy a Pinkberry franchise?

To purchase a Pinkberry franchise, it will require a monetary cost of $45,000 for every franchise location with a 6% royalty fee paid on gross sales. There will also be a 2% fee on gross sales to be used for marketing costs.

Can I buy a Big Daddy’s Pizza franchise?

Yes. Big Daddy’s Pizza does offer franchise options for interesting parties. With a franchise, all franchise owners are given hands-on support, marketing assistance and training on how to operate a Big Daddy’s Pizza franchise.

How much does it cost to buy a TCBY franchise?

All TCBY franchise locations will require a cost of $35,000 for a franchise fee, a $3,000 for a vending agreement fee, a royalty fee of 6% of gross revenue and a 3% royalty fee on gross revenue for marketing fees.

How much to buy a Boston Pizza franchise?

Purchasing a Boston Pizza franchise can incur a cost of $60,000 for a franchise fee for all franchises opened, a total investment of $1.5 million to $2.4 million and a royalty fee of 7% of gross sales.

How much is it to buy a Jamba Juice franchise?

Purchasing a Jamba Juice franchise can incur a total investment cost of $504,000, a franchise fee of $10,000 to $35,000, operation costs totaling over $50,000 and a royalty fee of 5.5% of all sales made.

Can I buy an Olive Garden franchise?

No. Currently Olive Garden does not offer franchise options. However, a franchise option may be available in the future as a group of Olive Garden investors have been pushing for a stable franchising option for years.

How to buy a Rocket Science Ice Cream franchise?

As of right now, it is not possible to purchase a Rocket Science Ice Cream Franchise. The company has plans to sell the business and unless a new owner is found, there will be no franchise options available.

 

How to Buy Gym Franchises

In this frequently asked question section, you will find frequently asked questions pertaining to buying a gym franchise.

How to buy a gym franchise?

In order to buy a gym franchise, you will first have to find gym companies that offer franchising options. Once you find these gym franchising options, you will need to have the investment for the franchising fee and began taking the training to operate your franchise.

Should I buy a Curves franchise?

This will be dependent upon your financial status and the ability to fund a Curves franchise. Remember, a Curves franchise requires an overall investment of over $80,000 so if you don’t have this amount to invest, this franchise may not be the franchise opportunity for you.

How much is it to buy a Planet Fitness franchise?

A Planet Fitness franchise can have a cost of more than $3 million. Some of the costs associated with a Planet Fitness franchise includes:

  • Franchise fee-$10,000
  • Pay a 5% royalty fee on all sales made
  • Liquid asset amount of $1,500,000

How to buy a Soulcycle franchise?

Unfortunately, as of right now nobody can open their own SoulCycle franchise. SoulCycle is a corporate entity that operates it owns studios and will not to part with their brand.

How much is it to buy an Anytime Fitness franchise?

Unlike most gym franchises, Anytime Fitness offers franchises with lower fees.  Anytime Fitness offers franchise fees for a one-time payment of $37,000 or a monthly payment of $549. Anytime Fitness corporate will also only take out a percentage of gross sales made.

How much is it to buy a F45 franchise?

The cost of buying a F45 franchise is around $50,000 for each franchise. Then it will cost around $100,000 for all equipment needs as well as a $1,500 monthly fees for operations.

How to buy a YMCA franchise?

In order to buy a YMCA franchise, you will have to apply for a franchise directly on the YMCA website. You will also have to have the investment for the franchise fee and an additional investment need for operational costs.

How to buy an LA Fitness franchise?

In order to buy an LA Fitness franchise, you will need to have the total upfront investment for the franchise of $30,000 to as high as $300,000. You will then have to attend mandatory training and have the investment needed for operational costs.

Why buy a Small Fitness franchise?

The main reason you will want to buy a Small Fitness franchise is not only because of the money you can make, but it is great for people who are fitness enthusiasts and who want to be their own business owner.

How to buy a Cracker Barrel franchise?

Unfortunately, at this time Cracker Barrell is not in the leasing market and currently does not franchise any of its restaurants. If you are interested in Cracker Barrel from an investing perspective, the company does offer investment options.

 

How to Buy a Supermarket Franchise

In this section, you will find frequently asked questions pertaining to how to buy supermarket franchises.

Can you buy an Aldi franchise?

No. Aldi’s does not currently have an option to purchase a franchise as all of the stores in the United States today are owned by Aldi’s headquarters. The closest you can come to running an Aldi’s is to become a manager at one of its stores.

Can you buy a Whole Foods franchise?

No. Unfortunately, Whole Foods does not offer franchise business opportunities. Since Whole Foods is committed to helping consumers make smarter food choices, they do not want to risk damaging their brand by offering franchise options to independent business owners.

How to buy a ShopRite franchise?

In order to buy a ShopRite franchise, you will need to pay the initial franchise fee which can range from $20,000 to as high as $100,000. You will then have to attend mandatory franchise training for a specific number of hours. You will also need to have the recommended franchises operating cost fees which can cost as much as $1,000,000.

 

How to Buy a Car Dealership Franchise

In this frequently asked question section, you will find general questions pertaining to car dealership franchises.

How to buy a car dealership franchise?

In order to buy a car dealership franchise, you will first need to find a car dealership that offers franchise business opportunities. Once you find a car dealership, then you will need to have the franchise fee and operational cost investment, inventory, building space and equipment costs which can go as high as $150,000.

How to buy a Subaru franchise?

In order to purchase a Subaru franchise, you will first need to contact a dealer development manager. You will also need to have the investment needed to cover operational costs, equipment and inventory. Subaru may also require you to attend mandatory franchise training in order to run one of their dealerships.

How much to buy rental car franchise?

The cost for buying a rental car franchise will be dependent on the type of car rental franchise you wish to purchase. The initial costs may consist of a franchise fee, operational costs, equipment costs, inventory and training costs. This cost can range between $160,000 to as high as $450,000.

How to buy a Lexus franchise?

In order to buy a Lexus franchise, you will first have to search for a franchise opportunity from an established Lexus dealership. The best way is to take to a Lexus dealership broker directly and to ensure you have the necessary franchise fees prior to talking to one.

How Much Does it Cost to Buy These Franchises

How to Buy a Retail Store Franchise

In this section, you will find frequently asked questions regarding hot to buy a retail store franchise.

How to buy a Harvey Norman franchise?

In order to purchase a Harvey Norman franchise, you will have to apply for a franchise through the Harvey Norman headquarters located in Australia. This application may include the franchise fee and a total investment cost shown up front.

How to buy a Dollar General franchise?

To buy a Dollar General franchise, an interest franchisee with have to apply and meet with a franchise representative. Interested franchise owners will have to have a total investment between 20,000 to $350,000. This amount is dependent on what products the franchise owners decide to sell in their store.

Is Best Buy a franchise?

No. Best Buy is currently a corporate only store with no stores being seen as being franchised in the near future. Best Buy is a corporately owned chain store operating in many states in the United States.

How to buy a Sunglass Hut franchise?

Interested franchisees will have to apply for a franchise directly from the corporate entity behind Sunglass Hut. The application process will consist of proof of total investment as well as credit score.

How much does it cost to buy a Topgolf franchise?

The startup costs for a Topgolf franchise can fluctuate in prices depending on factors such as operational costs, size and marketing. The cost for this franchise can range from $18 million per franchise to as high as $50 million depending on where the franchise location is built.

How much does it cost to buy a Topgulf Franchise?

The price to build a Topgulf franchise can range from $18 million to $50 million. The price for a franchise can be dependent on the location of the franchise, the credit of the franchisee and operational costs needed.

How to buy a Brandy Melville franchise?

Unfortunately, there is no way to purchase a Brandy Melville franchise. All Brandy Melville stores are strictly corporately owned without any plans to take the company public with franchise options in the future.

How much to buy a Keg franchise?

A Keg franchise will require an initial investment of $75,000 per Keg franchise. The total investment required can range from $4,000,000 to $5,500,000, which is dependent on the franchise project and cost of development.

How much does it cost to buy a Sephora franchise?

There isn’t a cost to purchase a Sephora franchise. Sephora is a corporately owned beauty store that currently does not offer franchise options. There is no plan to offer franchise options for Sephora in the future.

How much is it to buy a Dollar Tree franchise?

The cost to purchase a Dollar Tree franchise has an initial investment fee of $25,000. All franchise owners will have to have a minimum of $50,000 in liquid capital with a 10 year commitment.

How much does it cost to buy a Walmart franchise?

Walmart does not currently offer franchises for any of their stores. Walmart is strictly a corporate owned entity with no plans for a person to franchise or own an individual store in the future.

How to buy a CVS franchise?

Currently, there is no way to purchase a CVS franchise nor is there an option for future franchises. CVS is currently a publicly held company with only stores that are corporately owned.

How to buy a UPS store franchise?

In order to purchase a UPS store franchise, all franchise owners will have to apply for a franchise through UPS corporate. In order to operate a UPS store franchise, franchisees will have to have a minimum of $60,000 in liquid assets.

How much is it to buy a Costco franchise?

As of right now, it is not possible to become a Costco franchise owner. It is only possible to be employed by Costco and work your way up through management. Costco is strictly a corporate owned chain store.

How to buy a Footlocker franchise?

To purchase a Footlocker franchise, all interested parties will have to apply for a franchise through Footlocker corporate. Every franchise owner will also have to pay an initial franchise fee of $20,000 to $50,000 and have a total investment cost of $1 million per franchise.

Can you buy a GameStop franchise?

No. GameStop currently does no have a franchise program. All GameStop stores are strictly corporate owned and corporate operated. However, those interest in GameStop can purchase stock for the company.

How do you come to buy Bubble Tea franchise?

In order to purchase a Bubble Tea franchise, an interested franchisee will have to apply for a franchise through the corporation itself. They will also have to have over $100,000 in liquid assets per franchise and a minimum net worth of $300,000.

Can I buy a Goodwill franchise?

No. Because of the Goodwill being an organization that is controlled locally, locally operated and owned by the community, there is no way for an individual to own their own Goodwill.

How much to buy a Sports Clips franchise?

To buy a Sports Clips franchise, all interested parties will have to apply for a franchise through the corporation. They will also have to have an initial franchise pay of $59,000 which covers up to three Sports Clips stores.

What retail franchise store to buy?

The best retail franchise stores to buy as of right now are:

  • 7-Eleven-requires an initial investment of $1,635,000 per franchise.
  • UPS store-requires an initial investment of $402,000 per franchise.
  • Ace Hardware-requires an initial investment of $1.5 million per franchise.

What is the cheapest sports franchise to buy?

The cheapest sports franchise is the Washington Nationals. The value of this franchise is around $1.6 billion. The benefits of this franchise is that in the last six years, the club has finished with 95 wins.

 

How to Buy Miscellaneous Franchises

In this commonly asked question section, you will find common questions pertaining to how to buy miscellaneous franchises.

How much is it to buy an MLS franchise?

In order to purchase an MLS franchise, it will require an investment of $25 million for every franchise. However, it has been reported that interest franchise owners have paid over $100 million for franchise rights.

How to buy a franchise from 7Eleven?

In order to purchase a franchise from 7Eleven, those interested will have to apply for a franchise through the 7Eleven corporation. All those interested will need to have a minimum net worth of $100,000 to $250,000, have up to $150,000 in liquid assets and pay a franchise fee of up to $1 million per franchise.

Can you buy a Wawa franchise?

No. As of right now, Wawa is a privately-owned company with no plans to allow for franchise purchases in the future. However, Wawa employees can purchase stock ownership of the company.

How to buy a Black Rock coffee franchise?

To purchase a Black Rock coffee franchise, all who are interested will have to do so through the company’s headquarters. This franchise will also involve a total investment of $166,100 to $332,900 per franchise with a 1 to 2 year operating agreement.

How to buy a Patanjali franchise?

In order to purchase a Patanjali franchise, all interested parties will first have to have a reserved space of 300 to 1,000 square feet from the location. It will also require an initial investment which will vary based on the size of the location.

How much does it cost to buy a Froyo franchise?

In order to buy one of the Froyo kiosks franchises, it will require an investment of $140,000 for each unit. This will also include a per unit franchise fee of $2,500 or can have a cost of $280,000 for eight franchise units.

How much does it cost to buy a Redbox franchise?

There is no startup cost for a Redbox franchise because Redbox is strictly corporately owned and operated. While there are no franchises available for Redbox, those interested in this business model can purchase a competitor franchise from DVDNow.

How to buy a sports franchise?

In order to purchase a sports franchise, an interested party will need to contact the owner of the sports franchise directly and work with them to come up with a deal to purchase the franchise.

How to buy a car wash franchise?

In order to purchase a car wash franchise, you will first have to find a reputable car wash company that offers franchise options. Once you find one, then you will have to have an initial investment for the franchise between $30,000 to $100,000 per franchise.

Can you buy a Tesco franchise?

Yes and no. In the United States, it is not possible to purchase a Tesco franchise. However, there are franchise investment options available overseas. To open a franchise, it will dependent on the initial investment amount or franchise fees that are charged.

How to buy a cleaning franchise?

In order to purchase a cleaning franchise, you will first have to find a cleaning service that offers franchise options. The best cleaning franchises include:

  • Maid Simple
  • You’ve Got Maids
  • Two Maids and a Mop
  • MaidPro
  • The Cleaning Authority
  • Maid Brigade

How to buy a movie theater franchise?

To purchase a movie theatre franchise, you will have to find a movie theatre company that offers franchise options. The best movie theatre franchise is AMC, which requires a total investment of $1.2 million to as high as $2 million per franchise location.

How much does it cost to buy a Kumon franchise?

The cost of a Kumon franchise can have a total investment cost of $148,000. This cost can include an initial franchise fee of $500 to $1,000, equipment costs of $12,000 and security deposit of $15,000.

How to buy an NBA franchise?

In order to purchase an NBA franchise, an interested party will have to contact the current owner of the NBA team and come up with an agreement specifically on price to purchase the desired NBA team.

How to buy a real estate franchise?

In order to purchase a real estate franchise, those interested will have to find a real estate company that offers franchise options. Those interested will also have to have the initial investment cost to cover costs such as materials, hardware and business software.

Can you buy a Charming Charlies franchise?

Unfortunately, no. Charming Charlies does not currently offer franchise options as the company has officially filed for bankruptcy and has plans to close its doors to all locations within the next 5 years.

How to buy a gas station franchise?

In order to purchase a gas station franchise, those interested will have to find a gas station company that offers gas station franchises. This may also include having an initial investment of over $1 million per franchise available.

Can you buy a Carmax franchise?

No. Carmax does not currently franchise any of their operations or stores. The company strictly operates its location on a corporate level and has no current plans to allow franchises in the foreseeable future.

How to buy a VW franchise?

Currently VW does not offer franchise options for any of its locations. However, VW does offer investment options for those interested in supporting the company as well as offer a partner program.

How much is it to buy a Handypro franchise?

In order to purchase a Handypro franchise, it will require in an investment of $69,000 to $109,000. This includes an initial franchise fee of $50,000 which allows you to operate a franchise under the Handypro name.

How to buy a Laundromat franchise?

To purchase a laundromat franchise, it must be first purchased through the financial arms of a laundromat service provider. The best laundromat companies for a franchise include Laundrylux, Maytag and Speed Queen.

How much is it to buy a Massage Envy franchise?

To purchase a Massage Envy franchise, it will require an investment cost of $434,000 to as high as $1 million per franchise location. This includes an initial franchise fee of $45,000 for the first franchise location and $35,000 for every additional location.

Why buy a Mrs. Fields franchise?

A reason for purchasing a Mrs. Fields franchise is because the name Mrs. Fields is synonymous with sweetness and success. A Mrs. Field’s franchise can be a profitable business move for any franchise.

How much money to buy a Sunco franchise?

In order to purchase a Sunco franchise will require an investment between $25,000 to as high as $600,000 for every Sunco franchise location. This will be dependent on franchise size, location and equipment costs.

How to buy a tanning salon franchise?

In order to purchase a tanning salon franchise, it will first require research into tanning salon companies that offer franchise options. It will also require an investment between $40,000 to as high as $1 million per salon franchise.

Should I buy a cruise planners franchise?

This depends on your personal interest. If you love taking cruises and can sell cruise packages to others, then it can be a smart investment. However, this franchise will require an investment of $23,000 per every franchise location.

Can you buy a Speedway franchise?

Yes. Speedway offers franchise options available and currently has over 1,000 franchise locations around the United States. A Speedway franchise is currently ranked fourth in the United States for the best franchise to operate.

How to buy a Post office franchise?

Unfortunately, there is no way to purchase a Post Office franchise. This is due to the fact a Post office is owned and regulated by the United States government with no plans to offer franchises in the future.

How to buy a Century 21 franchise?

In order to purchase a Century 21 franchise all interested franchisees will have to have a net worth of at least $75,000 with a minimum investment of $22,000 and a minimum franchise fee of $25,000.

How much does buying a Miracle Ear franchise cost?

The minimum amount that is required for an investment in a Miracle Ear franchise is $122,500. However, the total investment that is required to open the franchise is around $570,000.

Should I buy a home inspection franchise?

This is dependent on whether you have the necessary skills to successfully operate a home inspection franchise, which companies offer franchise options and whether you have the initial investment required for this type of franchise.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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