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 Newcastle – Preparing for A Franchise Interview

Just like when you’re applying for a job, you will also have to attend a franchise interview. A franchise interview is an opportunity for franchisors to get to know their franchisee better. Of course, it is their prime priority to select franchisees who can help build their name, manage the business well, and generate more profit.

If you’re a franchisee, it is similarly a chance to show off yourself and get to more about the company. Sometimes, it’s more about asking the right questions than providing the right answers. Here are some tips on how to ace your franchise interview, along with some questions to ask your franchisors.

- Research about the company
  Learn all you can about the company before the interview. Focus on the most important aspects of franchising such as their revenue potential, legal requirements, terms and conditions in the agreement, and your responsibilities. You may learn great details about the company that will come out during the interview for sure. Having knowledge about the company helps you prepare for the interview.

- Just a tip – don’t be scared regarding the interview. While it’s a chance to show the franchisor some good reasons why they should grant you a franchise, franchisors will be much more interested in how willing and responsible you are as a franchisee. Even if you’re new to franchising, you can still win franchises.

- Understand Your Finances
  Owning a franchise is an investment and a business opportunity. Franchisors will want to ensure that you’re prepared to invest. Expect questions like: How do you plan on covering the franchising fee and another startup cost? Would you be willing to adapt to their system, especially in terms of profits and expenditures? Do you understand the fee structure in the franchise agreement?

- Prepare some answers to these questions.
  Moreover, the startup costs of a franchise are never hidden, so there’s no real secret about how much funding you should secure. Look for some funding options and start making your plan. As an aspiring franchisee, you should be aware of all costs related to operating the franchise business such as the following:
  - Operating expenses – such as rent, utilities, and payroll
  - Maintenance fees – such as insurance, repairs, and maintenance
  - Retail store deposits – usually paid when you open your doors

- Know How Long You Can Commit
  It’s important to note that there are several different types of franchises out there. Some are long-term, while others are short-term. The long-term franchise model is one in which the company sets up shop in another location, but it will remain in place for years at a time. That is why most franchisors prefer franchisees who are open to long-term commitments. These franchisees are highly motivated and driven to be successful. They want to see their efforts pay off and they’re willing to put in the hard work required for success. They take pride in their businesses and want their customers to feel good about what they’re buying. This allows the owner to reap all of the benefits of having their own store without having to worry about running it day in and day out. Conversely, it is an ideal way for small businesses to grow and expand.

Your Chosen Territory
The franchisor wants to know your location so that it can provide the most appropriate resources for you. The other reason is that franchisors can get a good idea about the market and its opportunities through this process. They can decide whether or not it’s a good idea for them to invest in this particular area. Most franchisors will pre-select the location and look for franchisees within the areas that they prioritize.

Be honest
Finally, it’s crucial, to be honest throughout your interview. Don’t be afraid to admit if you’re inexperienced in franchising. Several franchisors are open to business newbies. Just by answering questions honestly, you could go a long way.

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 Newcastle – Preparing for A Franchise Interview