Franchising has advantages and expenses. The franchise fee can cost between $20k-80k for home service franchises. The franchisor can take between 8-13% of gross sales and additional small fees. To buy a franchise, it must offset these costs. You get to create your name, slogan, and logo and have unlimited territory. You can also change concepts when you want. However, franchising may not be a good option if you don’t like to be advised and want the freedom to create and make mistakes.
Consider franchising for a proven system, predictable outcomes, and an operating CRM system. Franchises offer tested models, saving time and money. A proven system guarantees predictable outcomes, and an operating CRM system creates a positive company image and higher conversion rates. Creating a CRM system takes time and resources, which startups need for finding work and hiring employees. Establish a system and process early to scale your company.
82% of all businesses fail because of poor cash flow.
Investing in a painting franchise is faster than starting a painting company alone. This is evident when considering the steps to project a professional appearance, including a logo, website, marketing materials, license, and insurance.
Having monthly updates keeps you informed of how your business is doing. Small companies that do not know their numbers are surprisingly common. What is less surprising is they are most likely to fail.
The best practice for starting a painting business is keeping your accounting books current.
Having a professional website, logos, and marketing material done is incredibly beneficial. Customers today reach for their smart phones for everything, including calling for painting and handyman estimates. They are looking for a professional company, and our painting franchise provides that. If I were writing a book on “How to start a painting business,” I would include a website, log, and marketing material at the top of the list of importance.
Life is short. When you have the tools, training, coaching, and guidance, you have the ingredients to establish yourself faster. If you can stay focused and disciplined, your margins will be significantly higher.
I believe that the benefits of owning a Klappenberger & Son