Franchise Education
What is a franchise?
A franchise is a business system where the owner and/or founder licenses it’s operations knowledge, products, branding and trademarks in return for a franchise fee. When you buy in to an established franchise system, you will be supported by the hardened structure of a supportive Head Office.
Why Franchise?
Going it alone is tough… Studies show that nearly half of all businesses fail within 1 year, and only 1 in 5 will still be operating after their 5th year. But experts still say that owning a business is the best path to financial freedom!
Average estimated costs
Here are some estimated costs of franchise systems:
- McDonald’s $1.5M – $3M
- KFC $900,000 – $1.8M
- Snooze $500,000 – $750,000
- Clark Rubber $420,000 – $500,000
- Coffee Club $400,000+
- Nando’s $350,000 – $450,000
- Donut King $300,000 – $400,000
- Grayson’s (with vehicle included!) $83,000 – $125,000
Things to Consider
We recommended to please consider the following 6 questions and then fill in our online enquiry form.
- What 3 things am I looking for in a business?
- What income level would I like to reach in 6 months / 12 months / 2 years?
- How many hours a week am I willing to work?
- What 3 things are great about working in the outdoors?
- What 3 things could be more difficult or challenging about working in the outdoors?
- How do I really feel about owning a roof service business?
- Am I prepared to put my customers first, offer exceptional quality service, have high attention to detail while taking real pride in my work?
Questions you should ask a Franchisor?
- Is your franchise package “turn key”?
- Will I have to pay into a marketing fund?
- Is there an income guarantee?
- Are you members of the Franchise Council?
- How comprehensive is the training?
- Will I have ongoing support?
- Do you have your Disclosure Document and Franchise Agreements?
If in doubt please consult your accountant and/or a solicitor.