Small Business Articles
Top 6 Small Business Opportunities For Under $70,000
February 10, 2009
With so many small business opportunities available in the category of $70,000 or less, it’s easy to find a business that works great for just about any entrepreneur, but in this list you can find some of the more unique, niche-market franchises that would be pretty exciting to be a part of. And because many of them are somewhat off the beaten path, as a franchisee you can really benefit from the lack of competition, as most of these franchises are an entrepreneurs’ dream: a medium-to-large sized market, with room to grow, that is fairly untapped. To that end, here’s a list of the Top 6 Small Business Opportunities for Under $70,000.
6. Mathnasium
In two independent studies, Mathnasium has been proven to help kids leap ahead in math. It could be their proprietary method derived from 30 years of research or possibly the repeated tutoring of 35-55 min once or twice per week, but either way Mathnasium is dedicated to helping kids learn the often intimidating subject of math with a system that really works. With a total startup cost just over $50,000 in a fast growing $100 billion industry, you don’t have to be a math whiz to see the profit potential with this small business franchise.
5. Quick Cash
With so many independent financial institutions popping up all over the place, it’s hard to tell one from the other. Quick Cash provides the typical check cashing, money orders and payday loan services that are becoming fairly common, but this small business opportunity has the distinction of the lowest initial investment in the industry and a smart business model that has made them extremely popular, earning the badge of Des Moines leading provider of cash advances and financial services. For a total startup cost of around $50,000, you can bring this immensely successful franchise to your town and see how profitable financial services can be.
4. Always Best Care Senior Services
With an estimated 13 million people becoming senior citizens by the year 2020, the market of senior care services is growing fast and about to explode. With over 50 years of experience in the health care industry, Always Best Care is making a dent in this booming market with over 100,000 seniors cared for thus far and the number rising exponentially. With two distinct revenue streams of non-medical in-home care and assisted living placement services, Always Best Care Senior Services is a small business with big profit potential and the ability to use your business to care for people and make a difference on this rapidly expanding demographic.
3. Inspect-It 1st
A home is typically the biggest investment most Americans will ever make and with approximately 80% of all homes nationwide inspected prior to closing, the need for a good, trustworthy home inspector is felt by homeowners, realtors, lenders and any party with a vested interest in home sales and home financing. Inspect-It 1st has been in the home inspection business for nearly 20 years and with their 2 week training program, anyone interested in this small business opportunity can become a competent, trained home inspector, even with little to no prior experience in real estate. Potential franchisees should have $60,000 for initial startup.
2. LTS LeaderBoard
If you’re looking for a unique small business opportunity, look no further than LTS LeaderBoard. This small business franchise has created a place for itself in the growing niche market of tournament golf by employing the industry’s only "scannable" scorecard technology enabling them to produce the fastest and most accruing scoring system available. LTS LeaderBoard has thus far scored more than 4.2 million holes of golf at various golf events from PGA and LPGA to the Champions Tour pro-am. If you have a good knowledge of the game, sales and marketing skills and around $40,000 to invest, take a deeper look at LTS LeaderBoard and see what this intriguing small business franchise can do for you.
1. One Hour Parties
For a fun small business, you could do a lot worse than One Hour Parties. Their focus on the untapped market niche of casual corporate catering has earned this small business franchise the praise of many clients and the financial success that makes this a great franchise to buy. While the parties don’t have to last one hour, One Hour Parties’ quick setup, including food, themed décor and many other unique add-ons, makes them the perfect choice for last minute party arrangement or for a party that wants to do as much as they can with a meager budget. With rave reviews from companies like Princess Tours and Microsoft, the product is definitely a huge success and with a small business franchise with One Hour Parties you can be too.
Many of these franchises are in growing markets that will most likely not be too saturated yet in your area, so take advantage of these small business opportunities while you still have the chance to be one of the first in your area to roll out one of these unique and exciting franchises.
With so many small business opportunities available in the category of $70,000 or less, it’s easy to find a business that works great for just about any entrepreneur, but in this list you can find some of the more unique, niche-market franchises that would be pretty exciting to be a part of. And because many of them are somewhat off the beaten path, as a franchisee you can really benefit from the lack of competition, as most of these franchises are an entrepreneurs’ dream: a medium-to-large sized market, with room to grow, that is fairly untapped. To that end, here’s a list of the Top 6 Small Business Opportunities for Under $70,000.
6. Mathnasium
In two independent studies, Mathnasium has been proven to help kids leap ahead in math. It could be their proprietary method derived from 30 years of research or possibly the repeated tutoring of 35-55 min once or twice per week, but either way Mathnasium is dedicated to helping kids learn the often intimidating subject of math with a system that really works. With a total startup cost just over $50,000 in a fast growing $100 billion industry, you don’t have to be a math whiz to see the profit potential with this small business franchise.
5. Quick Cash
With so many independent financial institutions popping up all over the place, it’s hard to tell one from the other. Quick Cash provides the typical check cashing, money orders and payday loan services that are becoming fairly common, but this small business opportunity has the distinction of the lowest initial investment in the industry and a smart business model that has made them extremely popular, earning the badge of Des Moines leading provider of cash advances and financial services. For a total startup cost of around $50,000, you can bring this immensely successful franchise to your town and see how profitable financial services can be.
4. Always Best Care Senior Services
With an estimated 13 million people becoming senior citizens by the year 2020, the market of senior care services is growing fast and about to explode. With over 50 years of experience in the health care industry, Always Best Care is making a dent in this booming market with over 100,000 seniors cared for thus far and the number rising exponentially. With two distinct revenue streams of non-medical in-home care and assisted living placement services, Always Best Care Senior Services is a small business with big profit potential and the ability to use your business to care for people and make a difference on this rapidly expanding demographic.
3. Inspect-It 1st
A home is typically the biggest investment most Americans will ever make and with approximately 80% of all homes nationwide inspected prior to closing, the need for a good, trustworthy home inspector is felt by homeowners, realtors, lenders and any party with a vested interest in home sales and home financing. Inspect-It 1st has been in the home inspection business for nearly 20 years and with their 2 week training program, anyone interested in this small business opportunity can become a competent, trained home inspector, even with little to no prior experience in real estate. Potential franchisees should have $60,000 for initial startup.
2. LTS LeaderBoard
If you’re looking for a unique small business opportunity, look no further than LTS LeaderBoard. This small business franchise has created a place for itself in the growing niche market of tournament golf by employing the industry’s only "scannable" scorecard technology enabling them to produce the fastest and most accruing scoring system available. LTS LeaderBoard has thus far scored more than 4.2 million holes of golf at various golf events from PGA and LPGA to the Champions Tour pro-am. If you have a good knowledge of the game, sales and marketing skills and around $40,000 to invest, take a deeper look at LTS LeaderBoard and see what this intriguing small business franchise can do for you.
1. One Hour Parties
For a fun small business, you could do a lot worse than One Hour Parties. Their focus on the untapped market niche of casual corporate catering has earned this small business franchise the praise of many clients and the financial success that makes this a great franchise to buy. While the parties don’t have to last one hour, One Hour Parties’ quick setup, including food, themed décor and many other unique add-ons, makes them the perfect choice for last minute party arrangement or for a party that wants to do as much as they can with a meager budget. With rave reviews from companies like Princess Tours and Microsoft, the product is definitely a huge success and with a small business franchise with One Hour Parties you can be too.
Many of these franchises are in growing markets that will most likely not be too saturated yet in your area, so take advantage of these small business opportunities while you still have the chance to be one of the first in your area to roll out one of these unique and exciting franchises.
