If you have an entrepreneurial spirit that’s motivating you to start a business, turnkey franchise opportunities are an option worth further exploration. These are convenient and comprehensive ready-to-own businesses with significant profit potential. Here’s what you need to know to start being your own boss through franchising.
The Complete Package
A turnkey franchise is a type of opportunity that provides you with a complete package of services and guidance needed to start and run a business. This package usually includes everything from site selection and lease negotiation to training, marketing, and ongoing support.
With this model, the franchisor assists with most of the initial setup work, including finding a location, designing the store or office, and sourcing equipment and inventory. This allows you to start operating the business relatively quickly and with reduced risk of failure.
Six Advantages of a Turnkey Franchise
Consider these advantages of owning a franchise versus starting a business from scratch.
- Proven business model: The franchisor has already established a successful business model that has been tested, replicated, and proven to work. As a franchisee, you can benefit from their experience and expertise and avoid the trial-and-error phase that comes with starting a new business. This often means having a lower risk of failure than starting a business from scratch. This can provide peace of mind and help you feel more confident in your investment.
- Brand recognition: As a franchise owner, you benefit from partnering with a well-established brand that is recognized by consumers. This can help attract customers to your business, providing a strong base that can grow as you build trust with them more quickly.
- Training and support: Franchisors provide comprehensive training and ongoing support to help franchisees succeed. This can include everything from initial training on how to run the business to ongoing support for marketing, operations, and employee management.
- Access to resources: As a franchisee, you have access to a variety of resources that may be difficult or expensive to obtain on your own, such as marketing materials, inventory, and suppliers.
- Expertise: You don’t need to learn every intricacy of the business because there are franchise industry experts at your fingertips, ready to provide knowledge to help you get started and grow your business. You receive guidance on items like business permits, necessary documentation, equipment, real estate, and hiring.
- Easier financing: Banks and other lenders are often more willing to lend money to franchisees because of the established track record and lower risk associated with franchises.
Profitability
Whether or not this venture is profitable depends on various factors, including the industry, location, market demand, competition, and the individual business owner's skills and business acumen. But typically, franchising can result in better success. However, there are no guarantees. You still must put in the effort and work required to operate and grow your business. That’s why it’s important to thoroughly research and evaluate the opportunity before investing.
The ServiceMaster Clean Difference
The next step is finding a brand that shows growth in an expanding sector like commercial cleaning. Consider becoming a franchise owner with ServiceMaster Clean. For more than 65 years, we’ve been a leader in the commercial cleaning business. According to the latest figures from IBISWorld, janitorial services are a $90 billion industry in the U.S. which means there’s great potential for you as a franchise owner when partnering with a respected name in the industry like ServiceMaster Clean.
As a franchise owner, you have the edge, because commercial cleaning is an essential business. Our model is designed to efficiently function as a recurring revenue model, providing monthly income you can rely on. You pay a low initial investment, enjoy the brand recognition of a franchise that has built high standards in commercial cleaning, due our innovative proprietary products and outstanding customer service.
If you want to unlock the door to a turnkey business, we’re ready to help. To get started, fill out our information form and we’ll be in touch.