Low Cost Franchises with High Profit: Why Two Maids Fits the Bill

There’s truth to the expression, ‘it takes money to make money’, as the greater the investment, the greater the return (or at least the potential for return). So, if you have several million dollars to invest, there’s a good chance you will see an excellent return.

Most new entrepreneurs only have a fraction of that. The smart ones know if they want to open a business, they need to start small. If you’re considering franchise ownership, you’ll need to research low cost franchises with high profit potential to find the one that’s right for you.

Identify the Industries with Low Cost Franchises

There are franchises available in hundreds of different industries, at many different price-points. Your budget will quickly eliminate some from the list. Restaurants, including quick-service, fast-casual, and fine-dining options, are among the most expensive franchises to own. Your expenses will include rent or mortgage payments, utilities, upkeep, licenses and permits, equipment, and wages for a considerable number of employees. Fitness centers are generally expensive franchises as well, for many of the same reasons.

At the other end of the spectrum are franchises that don’t require a brick-and-mortar location to do business. Your costs of ownership are lower because you don’t have to worry about rent or mortgage payments, office equipment and decor, utility payments, insurance, etc. You should also look for a franchise that doesn’t require you to purchase or maintain a lot of expensive equipment. And a franchise that can be run with only a few employees will save you on labor costs.

Some of the least expensive to own franchises are in the home-services industry. Since the work is done in the customers’ homes, you don’t need a retail location, nor do you need many employees.

Determine Exactly How Much You Will Need to Get Started

To accurately compare the costs of different franchises, you need to make sure you are comparing apples to apples. The franchise fee is just one small piece of what you’ll pay. For a detailed list of the fees you will owe, and when you will need to pay them, consult the company’s franchise disclosure document. Be sure to read it carefully, or even have an attorney read it, so you don’t miss anything. It will also give you some idea of the profits earned by the organization’s other franchisees so you can get some idea of what kind of money you can make.

You should also consider how much cash you’ll need to stay afloat before your business starts making money. Most franchises say you should budget for three-months’ worth of expenses, but to be safe you should probably have closer to six-months’ worth on hand. This, of course, will depend on whether you plan to quit your day job or keep working while you get your business up and running. While some franchises allow for absentee, or semi-absentee ownership, others require the franchisee to be a hands-on owner. Before you sign a franchise agreement, make sure you know what that company allows.

Find a Trusted Franchise Providing a High-Demand Service

Simply identifying an inexpensive franchise that you can afford is only half the equation. If you see little to no return on your investment, you’ve wasted your money. You need to find low cost franchises with high profit potential.

You’ll need to identify an industry with a service that’s in high demand like residential cleaning services. With more people working from home since the start of the pandemic, it makes sense that they want to keep their homes, the space they spend most of their time in, as clean as possible.

Since there are many different home cleaning franchises to choose from, you’ll want to choose a recognized name that people trust. In the cleaning industry, Two Maids is a well-respected brand, as well as a low-cost franchise with high profit return potential.

The Two Maids Difference

One of the things that differentiates Two Maids from our competitors is our ‘pay for performance’ model—our employees pay is based on the customer’s satisfaction. This leads to happier customers and more conscientious employees.

We do allow for semi-absentee ownership—about 60% of our franchises are run this way. And, with a Two Maids franchise, there’s always the potential for growth. The more jobs you get, the more employees you can hire, and the more work you can do.

Request More Information About Two Maids Today

If you’re ready to own a low cost franchise with high return potential, contact us today. One of our franchise advisors will be in touch with more information about our brand, our operations, and the costs.