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 Shepparton – Key Factors in A Franchise Relationship

The franchise relationship is a unique system considering that requires mutual interdependence. More than a business relationship, a franchise is also an emotional relationship where franchisees collaborate with franchisors and are bound by certain rules for success.

If the franchisors find out that you failed in these obligations there’s a high chance that you will lose your franchise. More than anything, you could fail. Hence, it is very important to maintain a good franchise relationship with your franchisor.

When your business is healthy, you could get higher returns in no time. As your relationship develop, you could easily extend your franchise and expand in different other locations.

- Communications
  Communication is prime in a franchise system. As a franchisee, you may need to comply with monthly reporting and meetings. This will make the franchisor aware of the daily ins and outs of the franchisee’s business. In case you’re struggling, franchisors can use this data to make adjustments and help you implement developments in your business to succeed.

- Trust
  Managing a franchise relationship needs trust from both sides. Make sure you’re transparent in terms of performance, reporting, and quotas. It’s good to identify clear markers for success that both parties can follow to foster good relations. As a franchisee, you also need to trust your franchisor to create a winning road map for success. When there is mutual trust, your business can easily grow profitably.

- - - Investment:
      
      Each part of a franchise system has a vested interested in the franchise. As a franchisee, you invest by paying the franchise fee and a monthly percentage of your profit for the royalties. On the other franchisors put their brand name in your hands. That is why franchisors need to choose the people who invest in their investment. They would want to pick someone who has the spirit to make their brand successful.

- - - Support
      
      Another factor that is important for a strong franchise system is support. While franchisors provide support and training through mentorship programs, franchisees are expected to implement these strategies in running the business. Unlike startups, franchises already have a proven system that is ought to be followed. Your agreement will set out the different rules and consequences regarding this. By supporting each other through performance and compliance, you build a strong business relationship.

Collaboration

One of the secret recipes of a successful franchise system is collaboration. Even though franchisees are expected to follow certain rules when running the business, franchising is not a one-way relationship. The parties must work together to achieve a common goal – which is higher profit and longevity. Many franchises have died down quickly for lack of branding and strategy, which could have easily been remedied if there was a strong collaboration.

Businesses that collaborate can identify and evaluate strengths and weaknesses, which they can use to make brand decisions. For example, the marketing strategy in one area may not work in another area. As a franchisee, you should report your observations and suggestions to the head office, so the mother company can craft a better plan for you.

Are you ready to buy a franchise? Balancing the franchisor-franchisee relationship can be challenging for any franchise network. You need to find the right balance to ensure that it will work for both parties. Once you achieve that balance, you will have a higher chance of success and longevity.

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 Shepparton – Key Factors in A Franchise Relationship