If you are thinking of investing safely and under the backing of renowned brands or firms, the franchise model is the one for you.
(Three low-budget franchise models to invest in).
This modality has existed in Colombia for more than 30 years and for experts it is a good business opportunity for entrepreneurs because it does not involve, for the most part, cumbersome or extraordinary procedures.
It is also supported and investments may vary, depending on the size of the brand.
This model is very popular in the world. Even the magazine Entrepreneur published its annual ranking of the top 500 franchises in the world, which is led by Taco Bell.
(Interested in franchising? Here are some brands that offer them.)
Below we tell you which are the most outstanding franchises and how much it costs to invest in them.
1
Taco Bell
The franchise fee ranges from $25,000 to $45,000. Its total initial investment is between 575,600 to 3,370,100 dollars and its royalties reach 5.5%.
2
Popeye’s Louisiana Chicken
This franchise is the second largest in the world and its franchise fee is $50,000. The initial investment ranges from 383,500 to 3,545,800 dollars and its royalty is 5%.
3
Mike’s sub sweater
In third place is Jersey Mike’s Sub. The initial investment amount ranges from $194,035 to $954,611 and its franchise fee is $18,500. Its royalties reach 6.5%.
4
The Ups Store
This brand is only available in the United States and Canada. Its franchise fee is between $9,500 to $29,950 and requires a total initial investment: $122,227 to $508,472.
5
Dunkin ‘Donuts
This franchise is the most consolidated in the Colombian market among the other brands on this list. The franchise fee is from 40,000 to 90,000 dollars and its royalties reach 5.9%.
6
Kumon
This extracurricular learning center also has operations in Colombia. Their franchise fee is $2,000, while the total initial investment ranges from $67,428 to $145,640.
7
Ace Hardware
It requires an initial investment of between 292,000 to 2,118,230 dollars and a franchise fee of 5,000 dollars.
8
Culver’s
His franchise fee is $55,000 and he earns a 4% royalty. The total initial investment is between 2,301,000 to 5,788,000 dollars.
9
Hampton By Hilton
It is the most expensive franchise of the group. Its franchise fee is $75,000 and requires an initial investment of between $12 and $23 million.
10
wingstop
The batch of the 10 best franchises in the world is closed by this company specialized in sales of chicken wings and French fries. To have this franchise requires a franchise fee of $20,000 and a total initial investment of $315,310 to $948,080.
BRIEFCASE
