Can I Invest in a Franchise for Sale for Under $100K?
You might not think so, but you can invest in a franchise for sale under $100,000. The trick is to find a partner with proven startup processes and an actual track record of successful launches. It’s understandable if you’re hesitant to invest in a franchise, especially if you’ve never considered such a business model; however, don’t let fear and uncertainty hold you back!
After all, it takes a lot of bravery to jump into the world of startups, entrepreneurs, and the inevitable ups and downs along the journey. But if you perform all due diligence, get advice from those with intimate knowledge of franchising, and go through the onboarding process step by step, you’ll get up and running sooner rather than later.
That’s why pest control franchise opportunities like ours are ideal for first-timers. We understand how difficult the start will be, so we have refined our franchise model at a time when many of our competitors have yet to innovate at our pace. Instead of raising the barriers to entry, we’ve created a genuine opportunity to own a successful pest control franchise for sale, all for less than $100,000 upfront. Although it’s only natural to wonder about the numbers, here’s a quick outline of what it’ll take to invest with Skedaddle.
How much does it cost upfront to start a Skedaddle Humane Wildlife Control franchise?
Our upfront costs are competitive with franchise opportunities in traditional industries like fast food or the retail business. Basically, you “buy in” to the Skedaddle family with an initial investment, which starts as low as $89,000. If you choose to go all-in with us, the investment range will start at that figure and can go as high as $232,600. It depends on how much support you think you’ll need to get the business off the ground and the nuances of the particular customer base you want to serve.
We also ask that our Franchise owners have a net worth of at least $200,000 when you contact us to learn more details. Specifically, the liquid capital (i.e., cash) we require is a minimum of $75,000, and you’ll also have to pay a franchise fee of $49,500. Having said that, let’s delve a little deeper into the expenditures side of the equation.
Expenditure breakdown by category
One of the first things potential Franchise owners ask us is to give a concise breakdown of expenditures. Always be wary of a franchise model that doesn’t give you a penny-by-penny breakdown of what you’re paying for. That’s why we refined our model at Skedaddle down to the following costs:
- Initial franchise fee
- Training travel expenses
- Storage rental
- Additional services, training fee
- Additional services, training travel expenses
- Opening inventory and supplies
- Computer system
- Professional fees
- Business licenses and permits
We also ask that you have an additional three months of funds set aside before you begin. Best of all, you don’t have to pay for all of these services if you don’t need them. You can run a Skedaddle franchise from home, so you may not need storage rentals or licenses and permits.
You can choose to add our holiday lighting inventory to your business for an additional $10,000, too, but we don’t force Franchise owners to go that route. Still, it is an attractive opening for a second revenue stream under the same brand. No other pest control franchises in the U.S. offer such a service, which is another way we’re setting ourselves apart at Skedaddle.
Is financing available for those who qualify?
Those are the minimum financial requirements to open up a Skedaddle franchise. You can, in fact, join us for less than $100,000, and you can’t say that about many franchise opportunities in a budding industry like humane wildlife control. Even better, we’ve partnered with Benetrends to give you more financial flexibility with access to more small-business funding. They’ll find the loan that matches your needs and qualifications with favorable terms. You might ultimately take out a Small Business Association loan, but supplemental funding programs are also a viable option.
All you need to get started is to enter your basic contact information along with a short questionnaire about your financial health. You’ll have to divulge your total cash on hand, including CDs and money market accounts. Likewise, you’ll need to provide the value of your IRAs, 401k, and any other retirement accounts you might have opened before joining our family. Of course, you’ll also need to declare your credit score and the total value of your non-retirement investments like stocks and bonds. After that, Benetrends can find you small-business loans.
How much money can you really make with a humane pest control franchise?
Now that we’ve discussed the costs, let’s get to the bottom line: profitability. There’s no guarantee of success, as with any business, yet we have a proven track record at Skedaddle. Based on 2021 sales, our Franchise owners made a net profit of $154,772 last year. Company-wide, the sales figures were equally as impressive. Our average corporate gross sales were $2,284,332 only a year ago. Moving forward, we are planning even bigger things at Skedaddle, so let’s have a chat about whether or not humane wildlife control is right for you.
Check out our franchise website for more details about the benefits of Skedaddle, including a concise breakdown of all expenditures after you contact us.
Ready to change your life?
Fill out the form and start the franchise process today!