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 Gippsland – How to avoid risks of starting your business

Are you planning to buy a franchise for sale in Gippsland? Whether it is your first time or you’re expanding your business, it comes with many risks and challenges. The good news is, there are a lot of actions you can take to avoid these risks and stay on top of your business. Before we dig into the different strategies to manage risks, let’s start with the different risks you might face when starting a business.

The following are the five key tips you can do to manage business risks when starting.

Financial risks – Your debts, the fluctuation in the cost of goods, and interest in your mortgage are part of the financial risks that can create shortfalls in your cash flow.
Strategic risks – This includes changes in market conditions or entry of a tougher competitor that will disrupt the momentum of your business.
Compliance risks – This includes the introduction of new regulations, zoning ordinances, licensing requirements, and other legal changes that can affect your standing in the market.
Operational risks – You may never know when there is equipment theft, unforeseen malfunction of key machinery, and other things that can affect your daily operation.

- Key Tips to Avoid Risks of Starting a Business
  The following are some ways to avoid the risks when you start your franchise business:

- Prioritize your risks
  Every business regardless of age and size is exposed to several risks. Winning against all of them is a matter of knowing what to prioritize. So, try to assess which threats are most likely to occur. You should prioritize resolving risks that have more likeliness of occurring than those with very little chance of happening. Focus on creating a prevention and mitigation plan. This is especially true for sole proprietors and small partnerships.

- Reduce Liability
  Small partnerships and sole proprietors convert their business into an LLC, which helps limit the liability to the amount you’ve invested in the partnership. A sole corporation helps limit your liability in case of risks that can ruin your entire venture.

- Purchase Insurance
  Take a close look at your potential liabilities and figure out the best insurance for your new business. Insurance will provide financial protection for your business in case something happens. For example, if you’re running a restaurant franchise or a hotel franchise, you must have fire insurance to answer for liabilities in case a fire broke out.

Focus on quality
Taking your business to the next level is paramount. But you must also consider that you don’t sacrifice quality. Teach your staff to focus on quality regardless of the size of your business. Even if you’ve only started with a small capital for a small business franchise, you can grow bigger when customers start to become loyal to your business. You can achieve this loyalty by providing high-quality products.

Consider external help
If you are a new business owner, chances are fairly good that you do not know the ins and outs of your business yet. Don’t be afraid to consult a professional to provide direction for your business. A lawyer, for instance, can help you understand the franchise agreement and spot red flags before you could sign it.

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 Gippsland – How to avoid risks of starting your business