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 Questions to Ask Before Buying a Business for Sale Hobart

Looking for a good business for sale Hobart? Well, you landed in the right place because, in this article, we have listed the most important questions to ask your business coach before buying a business. Don’t get us wrong, buying a company can be a scary process. Without proper guidance, you could spend a large sum of money only to fall for the usual traps. Even so, buying a business should never be a gamble. With the right amount of research, due diligence, and proper guidance from professional coaches, you should feel confident laying down money for your new business.

Why is the business for sale?
Can I personally add to this business?

How has the company been valued in the past?
Is the business financially healthy?
Financials for the current year
Business activity statements from the last four quarters
The last income tax return
A listing of assets or inventory if any

What assets are included in the sale?
What does the competition look like?
What is the future of this industry?
What is the future of this industry?

Some businesses are very keen on their permit requirements. If you’re lucky, you’ll acquire a business with updated permits and good record tracking. For example, if you’re franchising a restaurant, you would want to buy something that keeps up with several safety accreditations from local regulating bodies. It ensures you’re succeeding in a legally and ethically compliant business.

What will employees do after the sale?

You need to know whether employees are aware of the pending sale. As a rule, you need to absorb the current employees of a business after the sale unless the business you’re transforming the business into a new brand. If this is the case, you must make the previous employees have been legally compensated by the previous management.

Does the business have a good customer base?

If you’re succeeding in a business, you must check whether it has a good customer base. Building a strong customer base is incredibly important for any business type. When the business you’re buying has a strong customer base, there’s no need for you to work night and day nurturing them. A strong customer base equals a strong business. That is what every small or new business strives for, correct?

Conclusion

Buying a business for sale in Hobart should never be a gamble. When you know the right questions to ask, you will get the key answers that will help you make a better decision. At The Local Guys, we have qualified business advisors and different business opportunities that you can explore. If you’re interested in having your own business, you can reach out to us for more information.

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

10 Questions to Ask Before Buying a Business for Sale Hobart