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.

Things You Can Skip When Buying a Franchise for Sale Ballarat

Buying a franchise is a big decision. It comes with risks and challenges that can be hard to spot especially for beginners. In general, you will have to follow more rules and restrictions than other business owners.
That is why potential franchisees need to take the time to understand how franchising works and know the business you’re buying. Even so, there are many things to desire about buying a franchise. In this article, let’s deep dive into the different factors that settle the difference between franchising and starting your own business.

Establishing your legal business structure

Starting a self-run business may require you to establish a legal business structure from scratch. The structure of your business will dictate the ins and outs of your business, including your tax rates, management, paperwork requirements, and more. Sole proprietorship and partnerships are relatively easy to start but if you want to skip the hassle of registering a business, you could just buy a franchise.

A franchise allows you to adopt the name of the franchise as well as the name recognition. Following their legal business structure, you can skip experimenting with what works for you and not.

By buying a franchise, you can quickly put up a reliable business and have immediate recognition in the marketplace. You benefit from the brand recognition the franchisor has earned for many years in business.

- Purchasing a commercial space
  Most business owners that plan to build big businesses would rather purchase a commercial space than rent to save on the monthly rental expenditure. Even so, buying commercial property isn’t that simple. It involves finding the right property for your goals, securing financing, and hiring professionals who are experts in these endeavors. As you may know, the number one rule in business is location. Whether you’re building a small or big business, having a prime location is beneficial for your business. If you want to skip the hassle of having to find your own location, you can opt for franchising. Big franchises normally help their franchisees find a prime business location to ensure faster and bigger returns.

- Making Leasehold Improvements
  Franchisees don’t have to create their own place aesthetics. Franchising usually gives you the privilege to follow certain designs for branding, saving you resources in hiring professional designers to improve your façade. In some cases, the materials and equipment are already provided for you so you will enjoy great quality from your investment.
  In terms of modification, you don’t have to do it alone. Modifications are normally scheduled and based on periodic assessments or marketing endeavors of the mother company. That way, you would be certain that your decorations are timely and correct. In terms of legality, your leasehold contract should cover all the what not about modifications but with franchising, the mother company ensures that you get the fairest deal.

- Securing Business Insurance
  A secure and robust business structure would have insurance for protection from unexpected happenings. If you’re franchising, your franchisor should have a recommended company for your insurance. That makes it easier for you to obtain insurance for your branch. Some bigger companies would offer insurance as part of the franchise opportunity in which case you will have to pay a premium on top of your budget.

- Obtaining legal and accounting advice
  Franchisors have legal and accounting departments in charge of providing financial guidance for franchisees. Instead of second-guessing your next business step, you can benefit from a franchise’s robust business structure. Using their system, you can get free legal and accounting advice to make the best decision.

Janitorial and waste removal service
Franchises that require hectic janitorial and waste removal services like fast food chains can take advantage of the carry-on waste removal service exclusive from the franchise itself. It helps reduce stress from having to look for a waste removal service.

Buying equipment and supplies
When you franchise you don’t have to worry about procuring your own equipment and supplies. Franchises should be ready to operate as soon as you buy them. Aside from the stress-free startup, it helps to have access to quality suppliers so you can offer competitive pricing to your customers. This helps you get a competitive edge for your business. Franchise ownership can lead to a fulfilling career but before buying one you must exercise due diligence. Conduct ample research and figure out how much money you will make considering all your financing options. When you are ready to franchise, contact The Local Guys.

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

Things You Can Skip When Buying a Franchise for Sale Ballarat