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Franchise Information for Successful Business Ownership

How much money do you need to start a franchise The answer usually is - as much as you have, and then a little more. But seriously, how much money does it cost to start a business ranges from a few dollars to millions. It depends on how much you're willing to spend. How much money do you need to start a franchise? If you want to start a big franchise with a physical location, it can cost well over a million dollars. For instance, a D'Arcy McGee's Pub requires $1.8 million in liquid capital. Greasy Monkey Oil Change Franchise board recommends you have $700,000 over and above the $500,000 franchise fee. That doesn't mean that every franchise is in the million dollars plus range. A Caring Hearts Home Care Franchise costs just $7500 to start up. So, how much money does it cost to start a small business franchise is from the low thousands of dollars. But your options are not limited to franchises. For instance, you can open a restaurant, oil change shop, or home care referral service without going through the expense of a franchise. If that is your choice, you will have three sets of expenses. First, you will have to get the site and the equipment - your capital expenses. Next, you will need to have money for operating expenses. Finally, you will have to develop a marketing plan on your own and have the funds to implement it. Are there low cost businesses you can open? Of course. How much money do you need to start a franchise? Working from home eliminates the cost of having commercial or office space. If you have a service you can provide or a product you can produce from your home, your start up costs could consist of $100 in supplies and a web site. Working from home has become more accepted and desired in recent years. If you would like to start a low cost business from home, go to the Starting a Business website where you will find resources on starting many different businesses. It's located at How much money do you need to start a franchise? It can literally be a couple hundred dollars. Starting a Biz can show you how.