As to be expected, many people ask me, “What kind of money do I need to get into a franchise?”
That is a difficult question to answer because there are approximately 4,500 different types of franchises. Let me address the topic in terms of minimum financial requirements.
Liquidity/ Cash
Business Model non-finance Net Worth
Owner/operator franchise $100,000 $250,000
Semi-absentee $200,000 $500,000
franchise/manage the
manager
Absentee Investor $300,000 $1,000,000
Note: these are the minimum financial requirements for the many franchises I work with. There will be significant variation across all franchises.
What exactly is meant by liquidity? Cash in the bank, savings, money market accounts, Home Equity Lines of Credit (HELOCs), stocks, and retirement funds (many can be used without tax or penalty for a business).
Book a call with me using the yellow button to discuss your financial situation and determine whether you are able to pursue your dream.
