Your Questions Answered! FAQs about Investing in a Franchise
January 04, 2018
There is no reason for franchising to be a mystery. Read through our frequently asked questions about opening a commercial landscaping franchise to see if this opportunity is right for you.
If you have always dreamed of owning a business and being your own boss, it’s time you start thinking about franchising. Here are some of the most frequently asked questions about investing in a commercial landscaping franchise so you can learn everything you need to know about becoming a franchisee.
Is Franchising “Buying a Job”?
Investing in a franchise is different from independent entrepreneurship in that you are buying into a network of people who can help you out when you have questions or issues. Starting your own business from the ground up means that you have to do everything on your own.
There is a common misconception in the entrepreneur world that investing in a commercial landscaping franchise is just buying a job, and that you have no ownership or control of your business. While that may be true with some industries or brands, it certainly isn’t true for all. When you’re doing your research, look for a brand like U.S. Lawns that thinks of its franchise owners as an integral part of the business’s success and provides them with resources that make that success possible.
The main difference between independent entrepreneurship and investing in a franchise is that individual entrepreneurs have to do everything themselves, while franchisees get the help and support of a team. Choose a franchise that has a strong network, proven business model, and a dedication to investing in its franchise owners, and you can be sure you aren’t just buying a job.
How Much Does a Franchise Cost?
Becoming a franchise owner requires a significant investment of time and resources. The total franchise cost depends on a number of factors, including your location, your equipment, your employees and more.
Two of the main components of the cost of a franchise are the franchisee fee and the royalties. You pay the franchise fee upfront when you invest because it gets you the rights to the brand name, logo, and services as well as the proven business model. The royalties are ongoing payments that you make to the franchisor as they create brand-wide marketing campaigns and work to help you build a strong business.
How Do I Choose the Best Franchise?
Choosing an investment is a personal decision based on your goals, interests, habits, and so much more. In fact, Franchise.org says, “Buying a franchise is a lifestyle decision.” There is no such thing as the best franchise opportunity–only the best franchise opportunity for you.
There is a lot to consider when selecting a franchise opportunity to invest in, including the cost, your lifestyle, your location, the brand’s growth potential, the industry, your market, and the list goes on. It is also important to discuss your investment with your immediate family, because this decision may impact them almost as much as it impacts you.
In the end, investing in a franchise has the potential to change your life for the better, affording you independence and control in your career. If you are looking for independence and support simultaneously, choose a commercial landscaping franchise like U.S. Lawns.