Top 10 Reasons For Buying A Handyman Franchise
Date: 26 Jul 2022
- Track Record of Success. Any good franchise company has developed a method of doing business that works well and produces successful results. Even better, they're required to provide you with a great deal of information in their required disclosures so you can investigate and verify the results with existing franchisees prior to making your final decision. At the Handyman Group our brand is owned by The Rite Group that also has successfully rolled out the Wash Rite brand, Clean Rite Carpet Cleaning Brand & Lawn Rite Lawn Mowing brand with over 190 franchise partners across these other 3 brands.
- Strong Brand. One of the biggest advantages of franchising is that the company is building a brand on a regional or national basis that should have value in the eyes of customers you're trying to attract. The Handyman Group is one of the fastest growing Handyman brands across New Zealand and our regional and national customers have become loyal to the brand and what it represents.
- Training Programs. A good franchise company has training programs designed to bring you up to speed on the most successful methods to not only run the business but also grow the business. They should also have reference materials to assist you in dealing with Handyman Group NZ repairing walls whatever comes up while you're running your business.
- Ongoing Operational Support. Franchise companies have staff dedicated to providing ongoing assistance to franchisees. You're not alone when you're building and running your business, and you can always call on experienced people when you hit a rough spot or want to share new ideas for growing the business. At the Handyman Group we have a saying, " You're in business for yourself, not by yourself."
- Marketing Assistance. The franchise company has marketing assistance to provide you with proven tools and strategies for attracting and retaining customers. Usually, the staff helps you develop the actual marketing plans and budgets for your grand opening as well as your ongoing efforts to market your business effectively.
- Finance & Equipment Assistance. Most franchises have manuals and other documentation, as well as staff, to help you obtain the right finance deal and negotiate the best possible deal on your business alongside you. This is a very important advantage that can hold costs down and provide the best possible chance of success in any site-driven business.
- Job Assistance. Franchise companies can also provide a wonderful benefit in helping you complete some large or more in-depth jobs. This could mean head office staff can help source the right material, and even guidance on how to install a product or material.
- Purchasing Power. A good franchise can take advantage of the buying power of the entire system to negotiate prices for everything you need at significantly lower levels than you could achieve as an independent operator. This applies not only to initial furniture and equipment purchases, but also to the supplies, inventory, uniforms and everything else you'll need on an ongoing basis.
- Success from Day 1. The big reason most people look to buy a franchise with the Handyman Group is you will be busy with work from day 1 and new quote requests will be coming through very constantly which helps to reduce the risk of your business not being a raging success.
- Risk Avoidance. This one is so important that we saved it to last at number 10! The biggest reason to buy a franchise is that, if you're smart, it will help you avoid much of the risk of starting a new business. Make no mistake--you have to do your due diligence, but if you do, you can determine with a fair amount of certainty what happen if you become a new franchisee.
As you look at this list, it not only shows a number of reasons to think about getting a franchise--it also shows you just some of the major challenges you'll face if you have to create all these things yourself in an independent business. You do have to pay fees in a franchise that you could avoid in an independent business, but it's kind of like the guy in the Fram Oil Filter commercials who says, "You can pay me now or you can pay me later." You can pay the franchisor the fees, or you can pay for many expensive mistakes by not learning the lessons of others that have gone before you. Using a franchise to meet your goal of starting a new business is a wonderful approach for most people, for all these reasons and many more.
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