I’ve Never Owned a Business—Can I Still Start a Franchise?

Monty Smith
Apr 23
2 min read

Updated: Jul 7

Your Guide to Costs, Experience, Financing, and Available Opportunities

So you’ve never owned a business, but you're ready to take that leap into something new—something of your own. Maybe you’re burned out on corporate life, exploring a new path, or simply wondering, “Where do I even start?” If that sounds like you, you’re not alone. Many first-time business owners turn to franchising because it offers a proven system, brand recognition, and ongoing support. Let’s explore the questions most people ask at the beginning of this journey.

What Types of Franchises Are Available?

The short answer? Just about everything you can imagine. From food and fitness to home services, senior care, B2B consulting, education, and even pet care—franchise opportunities cover nearly every industry. Some brands require a physical location, while others are mobile or home-based. Whether you’re looking for something you can run solo or a business where you build a team, there’s likely a franchise that fits your lifestyle and goals.

If you’re overwhelmed by the choices, that’s where a franchise coach (like me!) can step in to help match your background and interests with the right opportunities.

How Much Does It Cost to Start a Franchise?

Franchise investments vary widely depending on the brand and business model. Here’s a rough breakdown:

Home-based/low overhead franchises: $50,000–$150,000
Mid-range businesses: $250,000–$350,000
Retail or brick-and-mortar concepts: $350,000–$500,000+

That investment typically includes a franchise fee, equipment, startup marketing, working capital, and initial training. Many franchisors also charge an ongoing royalty fee in exchange for continued support, national marketing, and use of their brand name.

Do I Need Prior Experience to Buy a Franchise?

Nope! Most franchise owners are not industry experts when they start. Franchisors provide robust training and a playbook to follow. They’re looking for people with leadership potential, business acumen, or simply a strong work ethic. Many franchise owners are first-timers who never thought they’d run a business—but with a support system in place, they thrive.

Can I Get Financing?

Absolutely. Financing options are available for qualified buyers, including:

SBA loans
401(k) rollovers (known as ROBS programs)
Lines of credit or unsecured loans
Partnerships or private investors

Many franchise brands have preferred lender relationships, and a good coach can connect you with professionals who specialize in franchise funding.

So... Where Do I Start?

Start by learning, asking questions, and talking with someone who knows the industry inside and out. That’s exactly what I help people do—match with the right opportunities, explore funding options, and take the stress out of figuring it out on your own.