A Robust Support Structure
Once you’re an owner of a franchise, you’ll be able to expect ongoing support by phone and email from your parent company. But they won’t overwhelm you with constant communication. Their aim will be to give you the structure you need to succeed. This will include invaluable business infrastructure elements such as lead generation tools so you can attract customers, a website so your clients can make bookings and so much more.
Some franchisors have the extensive resources required to pursue research and development. This means they’ll continually invest in new technologies and then pass them on to you. Which in turn will make it easier for you to maximise the efficiency of your services as well as get and retain new customers.
A Tried & True Business Plan
Wondering why home services franchise opportunities are so rarely passed up? They allow you to follow set guidelines provided by your parent company. This will not only enable you to avoid issues regularly encountered by independent start-ups, but also ensure that you don’t spend a penny more than necessary. Consequently, your chances of running a successful operation are multiplied many times over. Essentially, you’ll be able to fulfil your dreams of entrepreneurship while taking on much less risk. It’s a great deal.
A Recognisable Name
Building a portfolio of customers is one of the main challenges that independent businesses face. It’s why you should seriously contemplate taking one of the home services franchise opportunities on offer rather than setting up your own business. From the very beginning, you’ll be operating under the umbrella of a powerful brand – their name will give customers the confidence they need in order to book your services. Remember, your clientele will be asking you to perform services in their homes, they need to know they can trust you.
It’s vital that before you take any step forward, you’re able to carry out an honest self-evaluation. Purchasing a franchise business for sale does make it much more likely you’ll succeed. But it will also certainly require you to make an initial investment that will increase in size if you choose one of the more high profile brands. Moreover, you’ll need to take on a large amount of responsibility as a business owner, and potentially work long hours…
If you’re happy to accept all of this, you should take your time looking through the home services franchise opportunities. Don’t rush this process! You need to find the franchise that best matches you. However, you’ll also need to take into account what a franchisor is looking for in a potential franchisee. To start with, they won’t reject your application out of hand simply because you don’t have experience specifically related to the home services industry. But they will, however, be assessing every entrepreneur they meet to find out if they have good communication skills, an ability to lead employees, an aptitude for business management and a passion for achieving high standards. They have to know that you’ll be able to fully adopt both their values and ethos.
So, what happens in the event you and a franchisor are both happy to proceed and sign an agreement? You’ll need to undergo a full training regime to ensure you’re properly prepared for your new role. You’ll also be given an operations manual which will give you a full step-by-step guide to replicating your parent company’s successful business model. Further to this, most franchisors will give you access to bespoke software and assign you a designated area to work from – this is often defined by a given postcode. Then, once you’re open for business, you’ll be able to rely on them for continued support.
Carpets. Windows. Electrics. Lawns. Pipes. They all need to be kept well-maintained by a homeowner. But for those 65 years of age and older, this can be extremely challenging. It’s why they’ll often turn to professional service providers and ask them to handle these duties for them. In addition to this, recent research indicates that more and more of the elderly are preferring to stay in their own property instead of moving into a care home, meaning they’ll need even more ongoing assistance as they grow older.
However, this isn’t to say that there isn’t a market for assisting young homeowners as well. Many have fully packed schedules that offer very little time for domestic chores such as mowing their lawn or performing a spring clean…
As a direct consequence of this wide-ranging customer base, there’s always a consistent level of demand in the sector. As long as there are homeowners in the world, there will be a need for home service franchises. But what kinds of operations are currently operating and thriving in this field?
The nature of this industry allows for small-scale businesses to succeed. Every service will need to be performed at a customer’s residential address and, therefore, there is no explicit need to rent or own an office or storefront. In fact, most enterprises in this sector are able to operate entirely out of vans filled with all the equipment they need to deliver the high-quality home services they offer. It goes without saying that this greatly reduces both overall and ongoing costs and, therefore, makes the path to profitability that much shorter.
It could be argued that the most advantageous aspect of the home services sector is the sheer breadth of the business types it can cover. There is simply no limit to the kind of assistance a customer may request in their home. For example, some new operations are beginning to capitalise on those areas where there are no coffee shops by bringing luxurious coffee directly to their potential clients. There are just so many avenues for an entrepreneur to choose from. Look through an extensive list of franchise opportunities for sale right here on Franchise Fame.
Funding Will Be Easier to Come by
You’ll find that securing the financial aid you need to buy a franchise for sale will be much simpler than asking for a loan for a new start-up. Investors recognise that franchises statistically more often than not lead to profitability. While the same can’t be said for new, independent ventures which frequently fail. You’ll stand in good stead.
You’ll Be Appropriately Trained
Running home services franchises successfully takes a certain level of in-depth training. This will take place after you’ve put pen to paper and signed your agreement. Some franchisors will provide this in the form of online training videos, or even a schedule of webinars. While others will be able to offer in-classroom support in addition to a chance to get real workplace experience in the sector. This will all serve to prepare you for the tasks ahead.
You Don’t Need to Be a Marketing Guru
Your parent company will help you get your home services franchise off the ground by providing you with substantial marketing support. This is likely to include advertising such as monthly newsletters, magazines, social promotions, Search Engine Optimisation and more. Don’t forget, as a franchisor, they’ll have been operating in the industry for a number of years and will have already performed the research required to identify what specific marketing efforts appeal to customers in this particular market.
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