Investing in franchise is another way aspiring business can own a business of their own and there exists several good franchise opportunities in Colorado available to interested potential Franchisees with good return on investment. Below are some of these profitable franchises which offer investment opportunities to potential franchisees.
Franchise For Sale, Low Cost Franchise Under 10k, Best Value Food and Restaurant Franchises
1. Kitchen Tune-up
Founded by Dave and Cindy Haglund in 1988 in South Dakota, Kitchen tune-up is a re-modelling franchise which deals solely on kitchen and bath re-modelling. Ideal candidates for this franchise are those with a passion for creative kitchen re-modelling. The ownership of this franchise avails you the opportunity of tapping into the power of an optimized business process.
On the company website ktufranchise.com, there is a form to be completed which signifies your interest in the franchise. After filling in the form, you will be immediately contacted for further discussions.
The accruable benefits of investing into this franchise include a proven system that works, a proven marketing system and a proven training program which is continuous.
As a potential franchisee, the initial investment into this franchise is $49,000. This investment covers the franchise fee, protected territory, start-up package, comprehensive training and many more benefits.This franchise has a unique concept you can immediately put to work in your community.
Kitchen Tune-up prides itself as a Veteran friendly franchise and offers a 10% discount to honourably discharged veterans.
2. Homevestors of America
Founded in 1996 with David Hicks as CEO, this company was ranked among the prestigious Franchise 50 – 2014 Franchisee satisfaction awards by the market research firm Franchise Business Review.
This according to the company website has been the 8th year in a row the company won this award. This is in honor of Franchiser who have given the highest satisfaction to franchisees.
It starts with an initial franchising fee of between $18,000 – $55,000, with varying ongoing royalty fee. For financing options, Homevestors provides in-house financing with covers inventory. It also has third party financing options covering inventory.
Veterans Incentive Programme
Homevestors of America has a Veterans incentive programme which waives off 10% off franchise fee.
Homevestors of America is a highly respected national brand with the tradition of attracting tens of thousands of home sellers. The reputation of this franchise in the buying and selling of properties is exceptional. With wide financial networks and access to funding that translates to savings to the potential franchisee, this creates an atmosphere of profitability.
How to Join
For information on how to join this franchise, simply visit the website and contact the company representatives. A step by step process is provided by the representatives on how you can invest.
3. Cruise Planners
With Michelle Fee as CEO, Cruise Planners was founded in 1994 and went into franchising in 1999. This is a travel agent network with the mode of operation being home based. And selling tons of full service travel packages. It is an American Express Travel Representative.
The financial requirements include an initial investment of between $2,095 – $22,867. Potential franchisees are required to have a net-worth value of $10, 495. And a liquid cash requirement of $10,495.
Ongoing fees include an initial franchising fee of between $495 – $10, 495. The ongoing royalty fee is 3%.
The veteran’s incentive includes a $1000 off franchise fee, free access to technology for 3 months, a marketing credit bonus of up to $500, $60 creative design credit, branded clothing, car magnets, laptop bags, and business cards among other incentives.
This depends on the individual buying into the franchise, and his goals and targets. Although the company does not state exactly how much you can make as a potential Cruise Planners franchisee, but if there is a period known as the “due diligence period” where the potential franchisee will have an opportunity to speak to other Cruise Planners franchisees about their experiences. This will no doubt provide a wealth of experience.
Furniture Medic delved into franchising since 1992. In furniture medic, the franchisor sells furniture, renews or refinishes wood, restores damaged furniture. These services are sold mainly to hotels, antique dealers, furniture rental companies and any line of business with responsibilities in private and commercial property, maintenance and management.
Franchise Application and Agreement
The franchisee signs a franchise agreement giving him/her the rights to the usage of the franchisors name, service marks and business methods in a territory which is nonexclusive.
Terms of Agreement and Renewal
With the initial franchise term lasting a period of 5 years, the franchisee may decide to renew this agreement to another 5 year term without incurring any additional cost after meeting the requirements.
The financial requirements include an initial investment fee of between $55,405 – $73, 532 covering training related expenses among several other expenses. It offers financial assistance through third-party sources.
Obligations and Restrictions
The franchisor does not require that the franchisee supervises the business in person, but that the franchisee must delegate such responsibility to a manager if he is unable to do so. This manager must have completed successfully the Furniture Medic training programme.
5. Fish Window Cleaning Services
Founded in 1978, with its CEO as Michael Merrick, Fish window Cleaning Services went into franchising in 1998. This company represents a story of misfortune turned to success. Michael Merrick had lost his job as a bank manager when at that time, the window washer for that branch of the bank came up to him to sell his business idea to him.
A peep into the company books made an interesting revelation; no inventory and a low overhead. He and his wife purchased the company and named it Fish Window Cleaning Services.
The initial investment is within the range of $83,225 – $146,200. With a net-worth requirement of $150,000 – $500,000. It has a liquid cash requirement of between $60,000 – $150,000.
It has an ongoing initial franchise fee of $34,900 – $59,000. An ongoing royalty fee of between 6-8% and also an Ad royalty fee of 1%.
With relationships with third party financing sources Fish Window Cleaning Services offers its Colorado franchisees this opportunity for financing covering franchise fee, start-up costs, equipment inventory, accounts receivable, and payroll.