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 Port Macquarie – How Do You Know if a Franchise is Successful?

Looking for a franchise for sale in Port Macquarie? Buying a franchise is probably the easiest way to start a business. It skips trial and error which usually happens for most newbies in business. But as an aspiring franchisee, it is also important to buy a successful franchise. If you’re looking for potential franchisees in Port Macquarie, you must find a successful franchise.

There are many ways to determine if a franchise is successful. The most obvious one is to look at their financial statements and see if they’re making money. But there are other things you can look at as well such as the following.

Revenue
The most direct way of measuring the success of any business is to look at its revenue. You will want to find a franchise that is drawing steady profits but how do you investigate a franchise, financially speaking? One of the best ways to know how much revenue the franchise is making it through the franchise disclosure agreement. A franchise disclosure agreement (FDA) is a document that provides financial information about the franchisor, which is given together with the franchise agreement. The most successful companies don’t just demonstrate strong profits but also keep a detailed log of their industry successes, and you will find this information in the franchise disclosure agreement.

- Unit Growth
  Unit growth is another way to measure success. This refers to the number of franchise locations that the company has successfully conquered. Regardless of speed, a franchise that has a steady unit of growth can be a good indicator of success. Too many newly opened franchises at once can put a strain on a system.

- On the other hand, if the company has been shutting down locations in the past months, this could reflect some struggles. Chances are, the company is suffering from losses and is trying to shift the burden of growth on the franchisees. While paring down their locations can help them re-align goals and marketing strategies, you should be wary of where the franchisor presently stands.

- Strong Support
  A sure sign of success is the strong support that the franchisor offers to its franchisees. Support can come in different forms such as training, supplies, marketing, advertising, and more. The support reflects having a strong system and collaboration within the company. A strong company culture that cares for its franchisees, employees, and business colleagues is not just a sign of success. But it reflects a system that is hard to defeat even during tough times. As for franchisees, it helps increase consumer demand and produce greater success in the long run. The more the company succeeds, the easier you can create steady and manageable growth.

- Brand Awareness
  How familiar are you with the company? Another sign of success is having strong brand name recognition through widespread operations and ad campaigns. Of course, it is not enough that the company has a popular brand. Brand recognition and sales must come together to be triumphant. That means at least 70 percent of those leads they are getting from ads must have converted into successful consumers. Moreover, it is easier to run a business with a reputable name. Having goodwill demonstrates that the company has “staying power” regardless of the economic climate.

Industry Growth
As an adage goes, “a rising tide lifts all boats”, which means that if your franchisor has strong industry growth, it also brings with it the rest of its franchisees. If you are a franchisee, you can capitalize on this growth to influence the purchasing power of your customers and increase your monthly revenues.

Low employee turnover
Franchises with low revenue often struggle in providing employees with a strong career path. As a result, employees are either transferred from one location to another or laid off. If a franchise finds it difficult to pay competitive wages or the company culture doesn’t foster loyalty among its employees, it is highly likely that the franchisee will suffer as well. Hence, you must find a franchise with low employee turnover. That means the company knows how to nurture its employees and provide a positive work environment.

The Search for a Successful Franchise Starts Today!
Start your search for a successful franchise for sale in Port Macquarie. We hope that by this guidance, you already know the things to look for in a successful franchise.

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 Port Macquarie – How Do You Know if a Franchise is Successful?