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 Geelong - Starting Your Franchise The Right Way

Franchisees are the lifeblood of a successful franchise system. They’re the ones who make it all run, and they can be your best source for learning about your business. So, as an entrepreneur and at the same time catalyst, you must choose the right franchise you can start with. Franchising is a popular business model in other industries. It’s also a great way to start your own business. If you’re ready to buy a franchise for sale in Geelong, this article is all you need to start your franchise right.

Research franchises in Geelong
You can find franchise opportunities in Geelong. There are many categories that you can choose from – some can even be run from home with lower-cost franchise fees. When you buy a franchise, might as well take the following key points to remember.
Note that every franchise has a unique system. Some may not have the following payment schedule and only require a frat fee payment to own a franchise.

Industry fees
Liquid Capital
Average monthly
Royalty fees
Marketing fees
Other fees

- Evaluate Opportunities
  Before you start a franchise business, try to assess the viability in the area. Are there opportunities for your franchise in your area? Is the competition low or high? If the competition is high, will your business be able to compete? To make an efficient comparison, look at each franchise’s opportunities. Put yourself in the shoes of your customers and assess whether it is salable.

- Evaluate Costs
  When you’re looking into starting a franchise business, you need to consider the costs. Franchising requires different costs in addition to regular business costs such as space rental, maintenance, yearly royalty to the franchisor, marketing, and more. Every franchise has a unique system with different payment schemes. It’s important that you fully understand the cost associated with your franchise because you will have to deduct it from your gross income.

- Draft a Business Plan
  Although many aspects of your business are already defined, you’re in charge of the most important aspects of the business. That is to run it and make it successful. As a franchisee, you need to have a business plan, where you can outline your plan for your business. This will serve as your guide through y our journey.

- Get the Franchise License Agreement
  Always read the franchise license agreement before signing it. If there are phrases that are hard to understand, you must clear them first. Knowing what the business standards the franchisor has for you will make you more comfortable and confident with upholding the business. .

Choose your business space
When have the business preparations and your chosen franchise, you must look for a space where you can set up your business. Having a great location is vital for business success. As you plan your business, consider where you will be located, the type of business and its activities, and how much space you need. Most businesses tend to use specific locations for their offices or storefronts.

Hire employees
Once you have the place and your franchisor is ready for turning over, you must have your employees ready. The franchisor probably has the job description and title set up for employees but you still can post job openings and start searching for good candidates. In some cases, franchise owners would have their internal job posting that gives existing employees the opportunity to transfer locations.

Bottomline
Starting a franchise can be just as much work as starting a business. However, working with a franchisor gives you the space to focus on important aspects of any business. If you’re ready to franchise, just follow these guidelines.

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 Geelong - Starting Your Franchise The Right Way