Any new venture runs the risk of failure, but that risk is much lower when the venture has a proven business model and an in-demand product. For this reason, some entrepreneurs choose to give themselves a greater chance of success by investing in a franchise.
“But aren’t franchise fees expensive?” you might ask. If you think you can’t afford it, think again. Becoming the owner of an established brand doesn’t have to cost millions, or even hundreds of thousands of dollars. A high-profile brand like McDonald’s or Pizza Hut may be out of reach, but for less than the cost of a luxury car, you could own a smaller but just as lucrative franchise.
For aspiring franchise owners, here are more than 30 options whose minimum initial fees range from $10,000 to $1 million. (Actual costs could be higher depending on location and other factors determined by the parent company.) Making the cut in the $100,000-$499,999 is Hurricane Grill & Wings.
- Hurricane Grill & Wings: Hurricane Grill & Wings is known for its jumbo fresh chicken wings, more than 35 flavors of signature sauces and rubs, and tropical, laid-back vibe. With 70 locations open or under construction in 12 states, this franchise is a great, fast-growing opportunity for any aspiring restaurateur.
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