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 Penrith - Steps in Evaluating a Franchise

So, you’re buying a franchise? Owning a business must be a great accomplishment but also a commitment. However, what makes franchises more advantageous is the fact that you don’t have to start from scratch. By paying the franchise fee, you can open a business with a proven strategy to follow.

Franchises provide their franchisees with a proven business model that can be replicated in your area or industry. You will also receive training on how to operate the system and how to expand it further. But since a franchise is also a commitment, there are some things that you need to evaluate before buying a franchise.

Find the right fit
Find the franchise that fits your passion. While franchisors provide you with industry-specific training to succeed in your business, longevity is always driven by passion. Being passionate about your business will be your greatest motivator. For example, if you love serving people in a fast-paced environment, you might as well go for a fast food or hospitality business. If you prefer a business that allows you to work remotely, you can search for franchises for sale in Penrith that can be operated in the home. Cleaning services or pest control franchises can be run in the home with a more flexible time schedule.

- Read the franchise agreement carefully
  The franchise agreement provides the terms and conditions of the franchise. Read the agreement carefully and pay attention to things like the initial franchise fee, the cost of any monthly royalties, the length of your franchise agreement, and the support offered by the contractor. While you read it, feel free to ask questions to your franchisor. It’s ideal that you’ve completely understood the contract before you enter into the franchise.

- Read the franchise disclosure document
  In addition to the franchise agreement, you’ll be given a franchise disclosure agreement. It contains some confidential information that you would want to know such as the company’s history, past financial performance, management team, litigations, and bankruptcy information. You can use this data to draw insights and make more rational decisions about whether to buy the franchise or not.

- Meet with the franchisors
  If you’ve explored this far, the franchisor will most likely schedule a meeting or orientation to meet with potential franchisees. This could be your chance to talk with franchise representatives and advisors personally. In some cases, franchisors will conduct formal interviews and review your requirements. But this is also a great opportunity to seek answers to the common franchise questions regarding the earning potential, support, term of the franchise, and franchise fee. You could go further and explore in-house financing and other financial options that the franchisor might offer.

- Meet with other franchisees
  One of the best places to explore whether the franchise you’re buying is worth the risk is to visit locations where the other franchisees are. If you have other franchise locations in your area, get into informal conversations with franchise owners. Nowadays, you can also join online groups where you can meet other franchisees. They can provide significant insights that will help you navigate the startup period.

Where to Find Your Next Franchise Opportunity
Franchising is a proven and effective business model, which has been around for many years. Many franchises offer discounts on products and services that they sell through their own outlets, thus saving you money. In addition, some franchise companies offer technology packages or consulting services as part of their package deals so that they can help you improve your overall operations so that you can save even more money.

Are you ready to buy a franchise for sale Penrith? Start exploring the different franchise opportunities near you that fit your passion, lifestyle, and your budget.

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

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Franchise For Sale Penrith - Steps in Evaluating a Franchise