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 Rockhampton – Know Your Franchise Agreement

Signing a franchise agreement? Before entering into a business relationship, it is vital to know as much as you can regarding the other party. However, do you know how to investigate a franchise?

As a soon-to-be business owner, you need to be financially and legally literate. It’s worth noting that by signing a franchise agreement, it becomes a binding legal contract between you and the franchisor. So, it is good to read the contract carefully and spot vital information that could affect your relationship in the long run. Ready to buy a franchise for sale Rockhampton? The following are the most important thing you should look for in a franchise agreement.

- How much is the franchise fee?
  In a nutshell, franchising is a financial arrangement wherein the franchisor earns from the franchise fee while you get the right to operate a business using the franchisor’s brand name. Every franchise has a unique system. Some franchises would offer an all-in-one package with a low franchise fee but get a percentage share of your monthly profit, including royalty fees. Other franchise business only requires a flat fee for you to operate the business. It’s important that you know the franchise fee and the payment scheme so you don’t get shocked with confusing charges later on.

- How long is the agreement?
  Opening a franchise is a win-win situation. That is why you need to be worried about the term of the franchise agreement. Franchisors do offer short-term or long-term franchises but each carries its own risk. Signing a short-term franchise would be ideal if you’re not very confident whether the franchise will work long-term but remember that a year or two may not be enough to get back your capital investments. Conversely, a long-term franchise can be risky but if the franchise is healthy, this will help you build a strong relationship with the franchisor and reap bigger ROI. Moreover, you can possibly open more franchises in different locations with the trust you’ve built.

Can I Renew the Franchise Agreement?
If there’s a limit to the length of your franchise, look for a renewal clause. A renewal clause will provide the term for renewal after the franchise has expired. Whether it’s a short-term or long-term franchise, a renewal clause is important because it is your prerogative to exercise it. For instance, if you’ve signed a franchise for only one year and the business has been successful, you could renew it for another five years depending on what the contract says.

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 Rockhampton – Know Your Franchise Agreement