Why should I franchise my business?

Franchising a business offers many benefits. By joining The Local Guys, you have the opportunity to grow your business to a national scale. Franchise partners will be buying into your business, as opposed to you employing them. This means a higher standard of work, as franchise partners are wanting to grow and take pride in their business.

Can I still run my own business?

Yes! We encourage you to still run your own business in the background. However, this will need to be rebranded to The Local Guys group.

How do I earn money as a Divisional Franchise Partner?

Divisional Franchise Partners can earn money by onboarding, training and supporting Regional and Unit Franchise Partners. For every Franchise Partner you onboard, you will receive a large upfront sum. Additionally, you will also receive ongoing royalties for supporting them. You can also earn an income from your own services and clients.

I don’t know anything about franchising, can you help?

Of course! Through our experiences, we have been on both ends of the spectrum as franchisees ourselves, as well as franchisors. We understand every aspect of franchising and will pass this knowledge onto you.

Do you help find new franchise partners?

Similar to finding clients, we utilise Google Adwords and search engine optimisation to build our site traffic. In addition to these, we also advertise on Seek and other franchising sites to target those who are interested in a career change or to start their own business.

Do you help train and onboard new franchise partners?

One of the main benefits of joining a franchise is to receive ongoing support. Here at The Local Guys, you can contact us anytime during business hours to gain assistance on the onboarding process. We are there with you throughout the process. We also have our online training platform for additional assistance.

How long does the process take?

As you are franchising your existing business under The Local Guys brand, the onboarding process is dependent on the division. However, it is likely it will take between 6-8 weeks.

Do you help with marketing and sales to find clients?

Through Google Adwords and targeted search engine optimisation, we build up the traffic to our website, which ultimately brings in more clients. We also utilise the marketing fund to create targeted advertisements for your territory and surrounding suburbs. In addition to the ongoing leads you will receive from the Support Centre, you will also receive the Local Area Marketing Plan during your marketing training, which has been designed to assist you in finding your own clients.

I have heard it costs $150,000 or more to start a franchise. How much will it cost?

Yes, it can cost a lot of money to franchise your business with your own brand. Typically it will cost between $55,000 – $150,000. However with the local guys it costs only $25,000 ex. gst plus training.

10 Signs of a Good Business for Sale Adelaide

Do you think you have what it takes to be a successful business owner? You can look for a business for sale in Adelaide and start generating revenue. In this article, you will learn the different signs that tell you’ve found the right business to buy.

Reliability

Have you found a dependable and conscientious business partner? Most business owners have spent countless hours and dollars developing a reliable brand and business system. Good businesses are not just successful in terms of the number of branches they have in the country but they are also reliable in terms of the system they are running. So, look into the background of the business. It must have good marketing strategies and advertising, employee relations, and overall business operations. You must choose a business that you can continue to grow and not something that has a history of numerous failures.

Leadership skills

One of the main obligations of business owners is to ensure that the whole team is performing well. It is good to buy a business that has a good track record of leadership and corporate social responsibility. So when you buy it, you don’t have to start from scratch. You only need to step in on the shoes of the previous owner. A good business will help you create an inspiring vision of the future, motivates and inspires you to engage with that vision, and coach and build a team for the goodwill of the business. Another sign that you’ve found a good business is having a good customer base. You don’t want to work with a business that does not have a good rapport with its partners and employees.

Good judgment

You know you’ve found a good business for sale in Adelaide if the previous owner has good judgment. Good and fair judgment is required when making business decisions and accepting new investors. Without it, any businessman could enter into a contract and end up with uncalculated risks. Look through its past business records, business partners, and customer base. Make an assessment of how many branches it has opened and how many have closed. Does it have a good performance in the community? Is it making any sales? Do you think the business is highly sustainable? If the answer to these questions is in the affirmative, then it is a positive sign. Moreover, business owners who know how to make good decisions will give you better guidance.

Resilience

Part of business success is continuous learning. It is easy to think you know everything but there are many things you can still learn when running the business. Because of this, you need to find a business that has remained strong amidst the different faces of challenges. Generally, failed businesses and bankrupt companies are sold at a lower price, but the challenge of bringing them back to their former glory can be hard. So it’s good to buy a business from a responsible owner. Good business owners learn from customers, business partners, and other co-franchisors to make the business fully profitable.

Smart worker

All good business owners will do their best to make the business endeavor successful from the start. A business owner with a good record is most likely to endure many challenges. But a business owner who knows how to have a clear strategy and prioritize important activities so each day ends with a satisfactory feeling is one of a kind. Business is supposed to bring you more money and not overwhelm you. If you’re feeling overwhelmed, over-committed, frustrated and overworked, then the business might not be good for you. Hence, it is important to partner with a business owner that knows how to strategize for business growth and can make a more profitable business.

Great networking skills

If you want to grow in the future, you would want to partner with people who have great networking skills. A good business owner is great at dealing with people, growing networks, and navigating through the ups and downs of franchising. The ability to network and to effectively develop and maintain customer relationships is part of being a good business. As an old adage goes, energy attracts energy. So, when you are a part of a good business network, you are also most likely to succeed.

Financial Awareness

Do you have the necessary finances to buy a business in Adelaide? Then find a business with good financial records. Although buying a business helps you skip the hassles of starting from scratch, finding your best match is . Look through the business’s financial records. Does it have unpaid loads? Has it been involved in a scandal before? How did it cope? Can you assess its popularity and goodwill? Partner with a good franchisor because your future can depend on its financial health. Once you’ve signed the purchase contract, you need to be vigilant about income and expenditures as the company progresses. As with business owners, it is not always a solo endeavor. A business is an “all for one, one for all” kind of business. When one goes up, you could benefit from the rise. But if one falls down, it could create a bad image for the company and will have a ripple effect on the rest of the business. That is why you should be careful when buying a business for sale in Adelaide.

Good work Delegation

Just because you’re buying a business doesn’t mean you are going to leave everything to the leaders. Part of a good business is to have everyone involved in the business. Expect your franchisors to delegate some very specific work to take some of the pressure off the businesses and enable them to concentrate on other aspects of the business.

Excellent Communication

Excellent communication skills are essential in maintaining good relations with co-business owners and customers. It is important that you buy a business in Adelaide that knows how to connect with people. As with other qualities, good communication builds trust and loyalty, which are important characteristics that need to be maintained for a business to succeed.

Conclusion

Ready to buy a business in Adelaide? We can help you start your own business in Adelaide with minimal hassle during startup. Buying a business is an easier route if you want to start running your own business. Reach out to our team to get more information about franchising and the type of business you can do.

We Have Franchise Opportunities In
Every Australian State!

With franchises across Australia, we have opportunities available to Franchise Partners across the country! If you’re looking for a new and exciting business venture with the support of a national company, you’re in the right place. Learn more about our Franchise Opportunities or get in touch to learn more today

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