Best Franchise to Buy
The Small Business Administration (SBA) approved the best franchises to buy. Not only are they easier to finance, but they have to meet a minimum level of financial performance. Investing in a franchise business is a way to reduce the risk of becoming an entrepreneur. A franchise has a proven business model, training, and systems to give you the best chance for success. We have compiled a list of franchises with a total investment of less than $750,000 while reporting the highest financial success compared to its peers. They must also be approved for financing with an SBA or a traditional bank loan.
An SBA Express Loan can get you up to $150,000 in as little as 30 days. These are the best startup business loans available. 10-year terms, NO pre-payment penalty, No pledge of personal assets as collateral, Interest Prime + the prevailing interest rate.
Here is a list of franchises with a strong financial history that scored the highest in our review. We scored each franchise for Bankability (SBA Approved Financing), Viable Business Model, Training, Scalability, and Growth to be considered for our list. We then ranked the franchises among their peers and picked the best of the best. While every effort has been made to deliver accurate information, it is the buyer’s responsibility to conduct their due diligence. Bizprofitpro, LLC takes no responsibility for any action you may take regarding any information contained in our review.
Best Franchise To Buy Approved by the SBA
Above Grade Level in Home Tutoring
Above Grade Level is a hot concept in an incredible growth market – education. We have the most comprehensive teaching materials of any tutoring provider! Twenty-five years in the making, our teaching materials have helped tens of thousands of students achieve academic success.
Advanta Clean
AdvantaClean Environmental is a dynamic, rapidly expanding concept that services the emerging and ever-growing indoor air quality market. This powerful franchise opportunity is built upon a multi-revenue stream business model, paperless operating platform, National Customer Care Center, and our franchisees’ savvy business skills.
Budget Blinds was founded on providing high-quality window coverings to consumers in a highly convenient way and at prices that fit almost every budget. Today, the Budget Blinds franchise system still strives to provide consumers with superior products through convenient, complimentary in-home consultations that include measuring and professional installation. Every year since 1996, Budget Blinds has been voted the #1 window coverings franchise by Entrepreneur Magazine (Entrepreneur, 2015).
CertaPro is the largest painting company in North America, with system-wide sales approaching $250 million. There are over 360 locations in the US and Canada, and the Pennsylvania-based company plans to have 550 locations by the end of 2016. The painting service industry is large, at over $40 billion annually. CertaPro is unique in the service category because its owners drive revenue from residential (B2C) and commercial (B2B) clients. Business owners scale by adding salespeople for residential and commercial sales, and most owners use subcontractors to produce the work – keeping overhead low.
The Closets by Design business model focuses on all aspects of the business. Each franchise designs sells, manufactures, and installs the complete portfolio of products, including closets, offices, garages, pantries, wall units, and beds. It begins with a proven and effective lead generation strategy. This, coupled with a disciplined and client-oriented sales model and metric-driven manufacturing and installation efficiencies, provide the tools for the franchise to manage and grow their business effectively. Each location has a factory and showroom located in a light-manufacturing industrial park. The average annual revenue of a Closets By Design Franchise in 2013 was 2.9 million dollars.
CMIT is a leading provider of IT services for small and mid-sized businesses (SMB) that employ 5 to 99 employees – large enough to need IT services but not big enough to warrant in-house IT departments. CMIT Solutions operates on a managed services model that offers specialized outsourced IT services at affordable monthly rates, with contracts lasting one to three years. Our subscription model allows small business owners to budget IT expenses effectively and saves them money in the long run. At CMIT, we focus on business results – performance, productivity, and profit for our clients we know that technology is a tool to accomplish those goals, and we ensure that our clients get the most out of their investment in technology.
Services offered to the business market include remote monitoring and repair, Helpdesk support, troubleshooting, networking, data backup, data recovery, website design, internet security and firewalls, software training, updates/upgrades, system administration, database design, and one-on-one mentoring. The new franchisee can secure a protected territory or become an area developer and grow to multiple locations in a larger territory. CMIT Solutions is looking for new franchisees focused on marketing and growing the business instead of working in it. The franchisor trains the franchise to build a sales and service team. Franchisor provides help desk and monitoring service, a low number of employees.
SBA’s Express programs offer streamlined and expedited loan procedures for buying an SBA-approved business. SBA Express gives small business borrowers an accelerated turnaround time for SBA review; a response to an application will be given within 24 hours. The franchises we have listed are approved for an SBA Express Loan. Our franchise list includes the cheapest franchise to own while being the most profitable franchises. Investing in a franchise business is one of the safest ways to go if you’re buying a small business.