What Are The Best New Franchise Opportunities For 2020?

Kona Ice Franchise Opportunity – Newer Founded In 2007

Kona Ice is a lot more than just an ice cream truck business. Over the years it has come up with many flavorful products while also making sure to cut down on sugar and promote healthy eating. But this franchise started out in Florence, KY just a little over 10 years ago but has now grown into 43 states and has become one of the most successful ones in recent years. They have been acclaimed by Entrepreneur magazine, and as one of the fastest growing new franchises, the opportunities are plentiful for aspiring franchise owners. According to Entrepreneur, they have the following startup costs:

$119,850 to $140,350 in initial startup investment

A fixed royalty cost

Relatively low overhead costs

Kona Ice has more answers at their Own-a-Kowna website.

BirthdayPak Franchise Opportunity – Newer Founded In 2010

BirthdayPak is another new franchise type of business that basically functions as a marketing service for local restaurants, jewellers, boutique shops and other special niche businesses. Local franchise owners here are responsible for partnering with these local clients and through their services offering gift card mailing services that give customers gift cards for birthday occasions. The idea behind this company is to provide clients a solution for retaining customers. Franchise owners need personal marketing skills and need to be persuasive, but there are a few benefits that come with becoming one:

Startup costs are $29,500 to $144,700 which are fairly low

Also, real estate isn’t a necessary startup cost because you can work based from home though you will be out in the field sometimes.

The initial franchise fee starts at $24,000, but BirthdayPak does offer financing to help cover it.

Class 101 Franchise Opportunity – Founded 1998

Class 101 is a little older, having been founded back in 1998, but this continues to be a great business opportunity for those who not only want to be independent business owners but also want to make a difference in the lives of young students. The idea behind this business was to offer a support system for young high school students who are looking to get accepted into prestigious universities or notable colleges but need some financial assistance to do so. Franchise owners are able to provide support such as ACT or SAT training, scholarship applications, college program applications and essays, and so much more. This franchise opportunity definitely fits well with those who have some background in teaching, counseling, or other personal mentoring programs, but really anyone with good communication skills and a drive to help others could succeed as a franchise owner. Other things to know include the following:

The initial investment is $40,400 to $57,600

The franchise fee is $29,900

The ways you can establish a local franchise is as a single owner in your local area, a two-person franchise team or partnership, or as a multiple person ownership known as an education center. But with less than 100 franchises established around the nation, there’s a lot of opportunity for growth in new markets.

Why would you want to consider becoming a local franchise owner? It is a way to own a business without having to build it from scratch and invest in your own brand name, marketing campaigns and other important setup costs. Now the downside to becoming a franchise owner is that the franchiser can still set certain policies and procedures including training sessions that you’ll have to follow in order to become a certified franchise owner, and of course you’ll need the capital on hand to buy a local franchise. Franchise Direct can guide you through these and many other options.  There are some franchises you could consider buying in 2020, and some have high investment requirements while others have $10,000 or sometimes less.