Best Franchise Bargains Based in Maine and Montana, Recent Data Suggests

low cost franchises
When starting a franchise, the location of the company’s corporate headquarters seems to be a factor in determining cost.

For example, franchises headquartered away from the coasts seem to be a better buy. That’s with the exception of those based in the upper mid-west and south.

Howmuch.net has crunched the data pulled from a list of the nation’s finest franchise opportunities. The result is a map showing you at a glance where the best deals are located.

Each franchise is mapped according to its headquarter location, and color-coded to show how much the lowest possible initial investment would cost. See the map below for more details:

Looking for a Franchise Bargain? Check Out This Fun Map to Find the Best Low Cost Franchises

The Cheapest States to Start Franchises

According to Howmuch.net’s map, if you are looking for a franchise bargain, consider Coffee News out of Maine, which costs only $9,750. This is the cheapest high-quality franchise in the market, according to data gathered by Howmuch.

HuHut, a restaurant chain specializing in Mongolian-themed food out of Montana, also features prominently as a high-quality franchise bargain. The restaurant franchise is proof that if you have a great product, it doesn’t matter where you start.

Generally, the map suggests companies located in the central United States such as 7-Eleven in Texas and RE/MAX in Colorado present the best low cost franchise  opportunities.

The Most Expensive States to Start Franchises

Reputable franchises based in the South cost a pretty penny by contrast. Newk’s Eatery is the most expensive at $932,000, followed by Alabama’s American Family Care at $807,500. You definitely might want to look for companies headquartered away from the coasts if you’re hunting for low-cost franchise deals.

The Upper Midwest is also home to some of the most expensive franchises in the country. Freddy’s Steakburgers in Kansas costs $606,288 to get started, while Goldfish Swim School in Michigan costs $1,335,283. Wisconsin-based Culver’s restaurant will cost you over $1.8 million in initial investment.

Coffee News and Minuteman Press, a company based in New York, were the only two franchises headquartered east of the Mississippi River costing under $100,000. Information for franchises in West Virginia was not available.

Data for the map was collected from the 38th Annual Franchise 500 ranking for 2017 by Entrepreneur.com.

Images: Coffee News, HowMuch.net

This article, “Best Franchise Bargains Based in Maine and Montana, Recent Data Suggests” was first published on Small Business Trends

Best Franchise Bargains Based in Maine and Montana, Recent Data Suggests

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Author: Juan G Brown

I love to crunch numbers, but I also love camping, walking & hiking in nature, and playing sports. And meditation is the foundation of my life.

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