Exterior Construction Franchises are Building Success
Running a Franchise in the Service Industry in your area
A service-based franchise presents an excellent opportunity to open a new business for any would-be professional. Franchises in the service industry have some advantages, like instant brand awareness, existing clientele, and marketing done for you. Listed below are some things to think about when checking into and buying a franchise providing services in your area.
What is a Franchise in the Service Sector?
Not all service sector businesses are franchises. The case could be that, even when a business in the service industry field is globally recognized, it can be corporate-owned and run by company employees. A franchise is purchased, and owners are independent and purchase the rights to open a location.
The franchise owner pays fees to the head office, or franchisor, as part of the agreement. In return, the franchisor has branding guidelines and takes care of marketing, menu design, education, conferences, and problem-solving for all its franchisees.
What Service Industry Franchises Are Available?
There are a variety of service-related franchises you could purchase. You could open a roofing service, pest-control company, home-maintenance, handyman, or even focus on what your community needs. You'll have better results with a business that meets your needs and gels with what corporate wants, so reach out to our team to finalize that part of the process.
We can help you identify gaps in your area and look into the options that are available to fill those gaps so you have a portion of the open market. With our assistance, you will understand the community's economy, average household income, and other identifiers to make an educated decision when purchasing a service franchise. Market analysis may show what is lacking in your area and what type of service franchises locals want.
We Help You Choose What Type of Service-Related Franchises to Purchase in your area
With some direction from us, you can find service-related franchises to fit your goals in your area.
What does it cost to get into the Outdoor Property Management sector?
The average investment in the Outdoor Property Management sector is $142,299. But, that doesn’t tell the whole story. There's a striking difference between the average and median.
Of all Outdoor Property Management franchises, 27 have an investment lower than $101,306. The average initial investment is skewed because the most expensive franchise in this sector is $928,000.
When looking at franchise opportunities make sure you examine brands within your investment range. Search below for Outdoor Property Management investments that fit your financial criteria. If you're not sure what you can afford, fill out our Franchise Affordability Calculator.
How much can I make in the Outdoor Property Management sector?
How much money you can make from a Outdoor Property Management franchise depends on several factors, including location and demand for your services.
One way to predict your profit potential is to evaluate the financial performance representations provided by a franchisor in Item 19 of their Franchise Disclosure Document. Franchisors are not required to disclose this information, some are more transparent than others.
In the Outdoor Property Management sector, 65% disclose a financial performance representation. Of those, only 44% disclose some type of expense data on its franchisee operations.
Unlock our Outdoor Property Management Sector Report to learn which franchises are profitable.