As the saying goes, you have to spend money to make money and this is especially true when starting a business. One clear advantage of becoming a franchisee is that you have a better idea of just what your costs will be, start up and ongoing. You also have the ability to form good approximation of when you can expect your revenue stream to turn positive. This helps you plan accordingly, minimizing unexpected costs and maximizing your earning potential.
You have even a greater advantage when you become a U.S. Lawns franchise. You get the backing of an award-winning system that is 100 percent dedicated your satisfaction. To be a U.S. Lawns franchisee we first require that candidates be financially responsible. You should be prepared to make an investment of around $50,000 without jeopardizing your quality of life and have some reserve capital or alternate sources of income to cover living expenses during the initial operating period. Make sure you also account for the investment of intangibles such as time, energy and passion. If you spread yourself and your resources too thin right off the bat, you will not be satisfied.
Having determined you meet the financial requirements you are ready to look at the numbers. Item 7 of the Franchise Disclosure Document provides a breakdown of estimated costs. These estimates are based on our 30 years of experience and that of our franchisees, which has provided a solid framework on which to base the numbers. If you are converting your independent landscape business into a U.S. Lawns franchise the numbers will look a bit different. You can find Item 7 detail for both standard and conversion franchises here.
Understanding these costs will be important to your success as a franchisee. You should weigh these against the four key advantages of franchising and feel you are receiving value for your investment.
- The one-time franchise fee grants you the right to use the U.S. Lawns name, a name that is well-known and respected throughout the commercial landscape business.
- The training expenses cover your travel expenses for your week of training in Orlando where you will receive all the knowledge you need to run a successful landscape business.
- The real estate, service vehicle and equipment costs ensure you have a location and equipment necessary to begin operation.
- The operating and additional funds is to ensure you have enough funds to keep your business up and running as you build your business.
After looking at the numbers talk to existing franchisees. Be bold, ask them the tough questions. Get real-time estimates of required costs. Confirm with them that the estimates lined up with their experience. Also, ask them what value they feel they receive.
Joining one of the largest and fastest growing commercial grounds care franchise allows you to leverage our experience, reputation and proven business model to maximize the potential returns on your investment. We are dedicated to providing you with all the training, proprietary systems and support needed to help you build a successful landscaping business at a low investment cost.
Now is the time to start!