New to the forum and looking to start in the business. I am currently interested in buying a very well established franchise that may be available soon. Good area, good clients.
Any thoughts on franchise vs independent. Immediate return vs building up from scratch.
Appreciate any input.
the business numbers should tell you if the business is making the profit your after, go for it if the accountant likes it. 6k on annual fees is bugger all if your making the profit you are seeeking. The franchise's do have a big network.
Starting from Scratch, most fail, you only have to look at all the new lawnies that start up every year, and all the ones that fold. In my area the business in my area that have been operating succesfully for +5 years only acount for 20% of the lawnies. The rest are competting with each other distroying each others chances.
A fully booked extablished business wether INDI of Franchise doesnt compete with anyone. They are the 20% that will be there in 10 years
If you cant handle the work a franchinse is easy to sell.