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.

Pros And Cons of Buying A Franchise For Sale Sunshine Coast

Some people think franchises are the way to go because they are already established brands. But while this is true, you should jump to the conclusion. While running a franchise gives you the leverage of operating an already established brand, it’s essential for potential franchise owners to understand the pros and cons of the franchise business model. It helps you understand if owning one is a smart way for you to make money.

- What are the pros of franchising a business?
  - Franchising comes with a ready-made plan. It skips you through the tedious process of crafting a business plan and choosing what to sell. If you have a specific product in mind, you can search your locality for available franchises.
  - It’s easier to secure business loans for franchise endeavors. Some franchise owners offer special rates and payment schemes, which you can take advantage of to own a business. In-house franchise financing might not always offer the lowest interest rates but it’s always a good idea to compare shops. If you think you’re getting a hard time getting bank financing, you could try this opportunity.
  - Franchises are less risky than independent businesses. The route for smaller businesses is shady compared with franchising which has already established its brand. If you want to operate a business and not waste time experimenting with what works, you can purchase a franchise in Sunshine Coast. Choose a product and see whether there are available businesses that are offering a franchise.

What are the cons of franchising a business?

Franchises can come with a high start-up cost. Every franchise opportunity is unique but sometimes, the best franchise can come with a higher startup cost. If you’re trying to start a small business without taking out a hefty loan, franchising might not be your best option. Before committing to a franchise opportunity make sure you do a cost comparison.
You have less flexibility with a franchise. When you become a franchisee, you need to abide by the rules of the franchisor and follow the terms of your contract. You can’t disrupt things or unfollow policy as it might result in sanctions. With a franchise, you have less scope for innovation and personalizing your business. If you want to exercise your creativity in branding you might want to consider other options than franchising.
Franchise fees can really add up. While franchising a business lets you operate a branch of a well-known brand, franchise fees can add up quickly. Depending on the brand you’re franchising, you will owe fees to the business from which you will buy the franchise. Depending on licensing agreement, your franchisor may take a portion of your monthly profits. These fees can go high year after another as your profit goes up.

Owning a franchise – Is it worth it?
While becoming a franchise owner can give you a head start on the entrepreneurial side of things, being an entrepreneur is challenging. Expert hurdles to be on the way. Note that your income potential with franchising can also depend on a lot of factors such as the type of product or services you’ve franchised, the time and effort you’ve invested, and how well you run the business. Even so, when you have additional income sources or substantial assets to carry your franchise for a lengthy period until you’re successful, the income from your entrepreneurial efforts can grow as your business grows.

If you want to explore the different franchises for sale in Sunshine Coast, feel free to keep in touch with The Local Guys. We help aspiring entrepreneurs open a successful franchise by presenting the best opportunities in the city.

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

Pros And Cons of Buying A Franchise For Sale Sunshine Coast