Don`t Break The Bank - 5 Businesses for $10k or less

Date: SEP 27th, 2012

Topic: Industry Experts

Canada is prime territory for franchisees, with the second highest industry globally. It has 78,000 franchises generating a total of $90 million. A full ten percent of Canada's GDP comes directly from franchises. With word of high initial start up costs, royalties and fees, potential franchisees are often in the market for a low cost franchise. These are five Canadian franchises with start up costs of $10,000 or less.

Prairie Gold

Financial planning is projected to become increasingly important to today's market. It's among the most lucrative businesses to own and its rewards can be enjoyed without taking on the weighty responsibilities of financial planners. No other business has beaten their record as achiever of the highest earnings per representative. Five of its franchisees won positions in Canada's top earner list. It offers full ongoing support and training with an investment of $7,000. A dream lifestyle can be enjoyed by franchisees in which they get the daily opportunity to exercise their creativity and initiative. Since people save during weak and strong economies, the operation is recession proof and income is secure. With the backing of a supportive and respected brand, franchisees have excellent potential for success.

Triple AAA

Triple AAA Financial Service and Investment Agencies is a facet of Consumers United. It began operations in 1976 and is a member of the Chamber of Commerce. Triple AAA loan brokers offer a range of loan services to consumers who are in the market for experts who can introduce them to a range of lenders at competitive rates. As a loan broker, business is based on time rather than inventory. This makes franchisees' most valuable asset the time they spend building their business. They also receive tax advantages that are not available to salaried people. Rent, travel and every other business expense is tax deductible. Loan brokers for Triple AA need no experience, staff or office space. They can operate from their homes part or full time.

Evo Canada

Evo Canada is the biggest private credit card processor company in the US. It focuses on small and medium sized businesses and provides innovative service to 300,000 companies today. EVO referral agents gain the franchise for nominal upfront cost and enjoy overhead that's low or nonexistent. In exchange, they receive 100% of all commissions and between 50% and 65% of residuals. Ongoing support and assistance is provided to help franchisees grow.

The Achievement Centre

The Achievement Centre is a coaching, consulting and assessment facilitator company that helps clients achieve their goals in areas of leadership, sales, strategy, employee interactions and business succession. Franchisees are given the materials, marketing, coaching and training they need to transcend their goals. Support includes the ability to share large projects so that additional revenue can be made. Simultaneously, franchisees gain from helping their clients multiply their return on investment.

Compact Vending Centre

Compact Vending has enjoyed incredible success in Europe. It has now been launched in Canada to overwhelming consumer response. The revolutionary wall mounted vendors can be programmed to vend hundreds of products including over the counter medications, grooming products and many other items that have never before been seen in vending machines. It's now open to a limited number of franchisees as a lucrative but low cost franchise.