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.

Franchise For Sale Canberra

Franchise for sale Canberra

A comprehensive guide on Franchise for Sale Canberra

Looking for a franchise for sale Canberra may seem challenging. However, you will end up with a great deal with the correct steps. Looking for an established franchise may be one of the primary reasons potential buyers seem interested because the company has existing brand recognition and a customer base. However, when you look at buying a franchise for sale in Canberra, you must consider multiple things.

Buying a franchise is a complex and time-consuming process. You must put in extra effort to investigate the franchisor, determine if your values align and whether the option is right for you. It is important for you to study the franchise model to ensure that it is feasible and has a well-targeted market for the services.

Ensure you check business plans, records, and operation manuals to familiarize yourself with the competitors and the industry. Moreover, while you look for a franchise for sale in Canberra, a good sign of a successful franchise is having official documents, such as insurance, licenses, and registration documents, to prove that the business is not a fraud.

Selling and purchasing a business involves a considerable investment. Therefore, you must seek legal advice and financial advice before signing the documents. Here, we have a guide to help you buy a franchise without hassle.

Buy a franchise for sale Canberra

Deciding to purchase a business

Before you plan to purchase a business, you must know the essential elements involved and whether you are the right person to own the franchise. Running a business requires determination, time, and hard work. Therefore, before purchasing a franchise, self-assess yourself to know if you are the right match for the opportunity. Once you decide to enter the line, you will find a business that suits your finances and abilities.

You must also consider the following:

The industry that matches your interest, experience, and goals
A business model (wholesale, retail, distributor, online supplier, etc.)
Location of the business (must be easily accessible to the customers and has opportunities for personal growth)
Operational hours
Investment potential and return

Where to find a franchise for sale in Canberra?

There are multiple ways to find a franchise for sale in Canberra. Business owners mainly advertise if they are selling their business through:

newspapers
agency listings
business broker websites
commercial websites
trade journals
industry magazines

You can contact us to help you find a great deal.

Preparing to purchase a business

Once you have decided to enter the industry and carefully check the advertisement, start shortlisting the franchises you find interesting that suit your business goals and budget. After self-assessment, the next step is to prepare yourself thoroughly through professional advice, arranging finances for the purchase, and extensive research about the business.

Why invest in a franchise for sale Canberra?

Organising your business advisers

Getting professional advice before purchasing a franchise for sale in Canberra is essential. You may need an accountant’s services to investigate the financial data and a solicitor to check licenses, registration, and other legal documents before drafting an agreement.

Checking your finances

Purchasing a franchise is a huge investment. Therefore, you must have enough finances to buy and keep the business running. You may also consider bank loans or approach potential investors. It will help you arrange the finances needed for the company and convince the franchisor that you are serious about purchasing the franchise.

Moreover, you must consider the following when you check your finances:

the purchasing price of the franchise
transfer duty
professional fee and other charges
loan repayment, servicing costs.

Starting your research

Before you purchase the franchise, you must do extensive research about the owner and the business. It will provide you with an idea about the company and the elements required to keep the business operational. Moreover, your research may include:

researching competitors
checking demographics
finding the reasons for selling the franchise
talking to suppliers
talking to customers
trying the business products or services
reading the reviews about the business
browsing the business’s website
researching industry
researching market trends

Advantages and Disadvantages of Purchasing a Franchise

Purchasing an established franchise rather than investing time and money in setting up a business from scratch has pros and cons. Let’s discuss the advantages and disadvantages of owning a franchise.

Advantages of purchasing a business

You might consider purchasing a business when you see adverts that say franchise for sale in Canberra. However, before you do so, consider the following benefits of purchasing an established business.

Purchasing an established franchise means immediate cash flow.
You will have an existing customer base, brand recognition, suppliers, and relationship with the community.
The business’s financial history will give you an idea of what you should expect from the franchise.
Existing employees will have their experience to share.
You will be the owner of a product already established in the market.

Disadvantages of purchasing a business

When you plan to purchase a business, make sure you know that not every running business is doing well in the market. Therefore, you must analyze the business models and records before purchasing a business. Here are some disadvantages of buying a franchise.

You might need to put extra effort into adjusting to the business model
External factors such as declining industry or increasing competition may affect your business’s future growth.
Under-performing franchises may need more support or investment before they become a profitable businesses.

Are you looking for a franchise for sale in Canberra?

We are an established company offering franchising services to the people of Australia. We have experts to help you reach an agreement without extra effort. Moreover, you can contact us by calling 13 11 05 to talk to our team for further details.

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

Franchise For Sale Canberra

Franchise for sale Canberra

A comprehensive guide on Franchise for Sale Canberra