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.

Different Ways Location Affects Profitability of Business for Sale Canberra

Will your location affect the profitability or success of your business? As you may know, one of the oldest rules in business is “location, location, location!” Now that you’re here, we can guess that you’re ready to start your own business in Canberra. So, in this article let’s take a look at the different ways location affects the profitability of your business. In general, Canberra is a thriving location in Australia. Having a business in the city will give you the opportunity to generate more revenue and be more financially independent in the long run. So, are you ready to open your first business in Canberra? Check the following information.

The current state of the business industry

Throughout the COVID-19 pandemic, many businesses have failed to stay afloat. Most of these businesses are hotels, restaurants, salons, and other businesses offering luxury while businesses offering necessities and commodities have stayed. But in the succeeding years, we’ve seen incredibly strong business growth, because many were looking for work and valued the freedoms and security that owning a business can provide. One of the particular business sectors that have continued to grow amid the pandemic was the pet industry. In addition, we’ve also seen growth in essential service businesses like dentistry, legal services, pest control services, and even test and tag services. A business with constant demand will continue to thrive amid any struggles and even during a pandemic. Operating a pharmacy or a pest control service, for example, is suitable for any location in Australia including Canberra.

Customer Demographics

When selecting a business location, consider who your typical customers would be. Observe the age, income, education, gender, family size, and other details about the business that lives in your location. Ask yourself whether it can play a role in the success of your business. Just like purchasing a home, you need to have an idea of what the neighborhood is like before going all in and purchasing. Ask yourself, are there many potential customers in your area? Is there a need for your business in the area? How many similar businesses does the area have? Furthermore, it is also good to rate the competition in the area. If a similar business is already established in the area, you need to find a business that fills in the gap that the existing business cannot provide. For you to vie with the competition, you need to have an edge over your competitors. A good business with a good location will not only see growth throughout the bad times but will continue to grow in the future.

Business Visibility

If you’re buying an entire business with a physical store, you need to evaluate how visible the location is. Businesses located near the street, side wall, plaza, or downtown area are more visible to prospects. If potential customers have difficulty finding your location, they may be tempted to go to your competitor. Meanwhile, visibility is not only about “physical location”. Nowadays, people can easily find businesses through Google Maps. Other than that, having active social media accounts and a website can help with online presence, allowing you to reach more customers. While Canberra is a great location for thriving business, an online presence will complete the latest formula of success. If you find a business with these qualities, you are on the right track.

Support from your business partners

Oftentimes, it is good to buy local brands for convenience. Business networks often provide assistance to specific locations. Hence, if you buy a business for sale in Canberra, it is easier for you to get hold of support from the parent company operating the local brand. The availability of local support makes the business a great option for prospective business who don’t want to be moved to a new location. Some businesses also offer the flexibility of location. Service businesses that operate virtually can be operated and managed anywhere in Canberra. As long as you have a stable internet connection and a good marketing strategy, people will easily find your business online. In general, find a business that supports your location. If your location is disapproved, you may need to look into other brands.

Accessibility and Accommodation

Your business location can make or break your business. Factors like the square footage, space, parking situation, and surrounding stores can have a major impact on your business. For example, if you have a fast-food business but the parking is tight, customers will be discouraged from dining in your venue, no matter how delicious the meals are. Moreover, if your area is prone to traffic or accident, people might not be enticed unless you are running an essential business. So, before you buy a business, make sure to go through each step of evaluating whether your location is great. Your business advisor may put these different factors into consideration for your location to give the GO signal.

Open Market

Early in your business discovery process, your business development representative will discuss with you which markets have availability. Depending on the brand, the business you are planning to buy may or may not be available in your market. Conversely, you can still buy a brand and operate in another location that is not necessarily your primary residence. It is enough that you have enough familiarity with the area that you can make appropriate marketing plans, make hiring decisions, and manage the business remotely. Before you start, reach out to the main business and make yourself understand whether you’re looking for an absentee opportunity or an owner-operator opportunity.

Conclusion

In general, there are many factors that affect the profitability of your business. During your business discovery process, you will discover that location is one of the most important elements to keep in mind. In any case, Canberra has always been a great location for aspiring business owners. The wide availability of businesses for sale makes it a great starting point for those who want to start up a business. Again, when you choose a business, buy the one that can survive another pandemic. Basic and essential services like pet grooming, pest control, test and tag, fast food, pharmacies, and supermarkets could make an effective and profitable business in Canberra. If you’re ready to run a business, feel free to contact The Local Guys. We offer various opportunities for aspiring business owners in Canberra. Now is a great time to buy a business. Once you find the opportunity, don’t let it go.

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

Different Ways Location Affects Profitability of Business for Sale Canberra